Common use of HEARING AND AWARD Clause in Contracts

HEARING AND AWARD. The hearing shall be held in Montreal. The date of hearing must be held within 30 days of the appointment of the third arbitrator. The award of the board of arbitrators must be rendered in writing and served to the parties within 90 days following the hearing. Any such award (including with respect to the payment of fees and disbursements related to the arbitration) which is rendered shall be final, binding and without appeal, and shall become executory as a judgement against the parties upon homologation.

Appears in 4 contracts

Samples: Shareholders' Agreement (Draxis Health Inc /Cn/), Subscription Agreement (Draxis Health Inc /Cn/), Subscription Agreement (Draxis Health Inc /Cn/)

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HEARING AND AWARD. The hearing shall be held in MontrealMontréal. The date of hearing must be held held, to the extent possible, within 30 60 days of the appointment of the third arbitrator. The award of the board of arbitrators must be rendered in writing and and, to the extent possible, served to the parties within 90 days following the hearing. Any such award (including with respect to the payment of fees and disbursements related to the arbitration) which is rendered shall be final, binding and without appeal, and shall become executory as a judgement judgment against the parties upon homologation.

Appears in 1 contract

Samples: Share Purchase Agreement (Universal American Financial Corp)

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HEARING AND AWARD. The hearing shall be held in Montreal. The date of parties will use their best efforts to ensure that the arbitration hearing must be held within is conducted no later than 30 days of after the appointment of the third arbitratorarbitrator is selected. The award of the board of arbitrators arbitrator must be rendered in writing and served the arbitrator shall use its best efforts to the parties render his award within 90 days following the hearing. Any such award (including with respect to the payment of fees and disbursements related to the arbitration) which is rendered shall be final, binding and without appeal, and shall become executory as a judgement against the parties upon homologation.

Appears in 1 contract

Samples: Share Purchase Agreement (Draxis Health Inc /Cn/)

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