INITIATING ARBITRATION; SELECTION OF ARBITRATORS Sample Clauses

INITIATING ARBITRATION; SELECTION OF ARBITRATORS. Arbitration shall be instituted by a Partner delivering notice to the other Partner(s) of its intention to arbitrate specifying the matters to be arbitrated. The arbitration shall be conducted by three arbitrators. The arbitrators shall be impartial and shall not be related, directly or indirectly, so far as employment of services is concerned, to any Partner or to any Affiliate thereof. In an arbitration proceeding involving any specialized area of the management and operation of the Project, the arbitrators shall have substantial knowledge and experience in such a specialized area. For example, in any dispute involving accounting procedures, the arbitrators shall be independent certified public accountants.
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INITIATING ARBITRATION; SELECTION OF ARBITRATORS. Any Shareholder may ------------------------------------------------ submit any question, matter or dispute set forth in Section 12.1 to arbitration at which time the submitting Shareholder shall provide written notice to each of the other Shareholders of its intent to initiate the arbitration proceedings set forth herein. Within thirty (30) days after receipt of a request to arbitrate a dispute, if there are three Shareholders, each Shareholder shall appoint one arbitrator. If any Shareholder shall fail to make such appointment within said 30-day period within 15 days after the expiration of the 30-day period, the other Shareholders shall jointly appoint another arbitrator, or, in the event that the other Shareholders can not agree upon the appointment of a third arbitrator, the two appointed arbitrators shall select a third arbitrator within said 15-day period. If the other Shareholders and/or the two appointed arbitrators are unable to agree within fifteen (15) days, then any Shareholder may, upon at least five days' prior written notice to the other Shareholders, request the Presiding Judge of the Circuit Court of the Eleventh Judicial Circuit, in and for Miami-Dade County, Florida, ("Judge") acting in his or her private and nonjudicial capacity, to choose an arbitrator to fill the vacancy. The Judge may thereupon appoint an arbitrator to complete the panel of three arbitrators. If there are only two Shareholders, each Shareholder shall appoint one arbitrator within thirty (30) days after a receipt of a request to arbitrate a dispute. If a Shareholder shall fail to make such appointment within said 30- day period, the other Shareholder shall appoint the second arbitrator. The two appointed arbitrators shall select a third arbitrator. If the two arbitrators are unable to agree within fifteen (15) days, then any Shareholder may request the Judge to choose an arbitrator to fill the vacancy. All arbitrators shall be impartial and unrelated, directly or indirectly, so far as employment of services is concerned to any of the Shareholders or to any Affiliate or to any person directly or indirectly related to any Affiliate or to any person directly or indirectly related to the Shareholders. In an arbitration proceeding involving the management and operation of the Corporation, the arbitrators shall have substantial knowledge and experience in the management and operation of similar companies. In any arbitration proceedings involving any other specialized area ...
INITIATING ARBITRATION; SELECTION OF ARBITRATORS. If the dispute cannot be resolved pursuant to sub-Section (a), any Member(s) may submit any dispute to arbitration by giving written notice to the other Member(s) along with the name of an arbitrator. Within thirty (30) days after receipt of a request to arbitrate a dispute, the other Member(s) must appoint an arbitrator. Fifteen (15) days thereafter the two appointed arbitrators will select a third arbitrator. If a Member(s), who is by this sub-Section (b) is required to appoint an arbitrator, fails to make such appointment within the thirty (30) day period, the Member(s) originally instigating the arbitration will be authorized to appoint the second arbitrator. If the two appointed arbitrators fail to select a third arbitrator within the fifteen (15) day period, the Members will mutually select the third arbitrator. If the Members are unable to agree within fifteen (15) days thereafter as to appointment of the third arbitrator, then any Member may, upon at least five (5) days prior written notice to the other Member(s), request the American Arbitration Association to choose such third arbitrator. All arbitrators will be impartial and unrelated, directly or indirectly, so far as employment or services is concerned, to any Member or to any Affiliate or to any Person directly or indirectly related to the Members or to any Affiliate. In an arbitration proceeding involving the management and operation of the Company, the arbitrators must have substantial knowledge and experience in the management and operation of similar real estate ventures. In any arbitration proceedings involving any other specialized area of knowledge or competence, the arbitrators must have substantial knowledge and experience in such specialized area as, for example, in any dispute involving accounting procedures the arbitrators will be independent certified public accountants. The arbitration proceeding will otherwise be governed by the International Commercial Arbitration Rules of the American Arbitration Association then in force. The place of arbitration will be Orange County, Florida.

Related to INITIATING ARBITRATION; SELECTION OF ARBITRATORS

  • Selection of Arbitrators There shall be three arbitrators. If there are only two parties to the Dispute, each party shall select one arbitrator within 15 days after receipt of a demand for arbitration. Such arbitrators may be affiliated or interested persons of such parties. If there are more than two parties to the Dispute, all claimants, on the one hand, and all respondents, on the other hand, shall each select, by the vote of a majority of the claimants or the respondents, as the case may be, one arbitrator within 15 days after receipt of a demand for arbitration. Such arbitrators may be affiliated or interested persons of the claimants or the respondents, as the case may be. If either a claimant (or all claimants) or a respondent (or all respondents) fail to timely select an arbitrator then the party (or parties) who has selected an arbitrator may request the AAA to provide a list of three proposed arbitrators in accordance with the Rules (each of whom shall be neutral, impartial and unaffiliated with any party) and the party (or parties) that failed to timely appoint an arbitrator shall have ten days from the date the AAA provides such list to select one of the three arbitrators proposed by AAA. If such party (or parties) fail to select such arbitrator by such time, the party (or parties) who have appointed the first arbitrator shall then have ten days to select one of the three arbitrators proposed by AAA to be the second arbitrator; and, if he/they should fail to select such arbitrator by such time, the AAA shall select, within 15 days thereafter, one of the three arbitrators it had proposed as the second arbitrator. The two arbitrators so appointed shall jointly appoint the third and presiding arbitrator (who shall be neutral, impartial and unaffiliated with any party) within fifteen (15) days of the appointment of the second arbitrator. If the third arbitrator has not been appointed within the time limit specified herein, then the AAA shall provide a list of proposed arbitrators in accordance with the Rules, and the arbitrator shall be appointed by the AAA in accordance with a listing, striking and ranking procedure, with each party having a limited number of strikes, excluding strikes for cause.

  • Selection of Arbitrator Prior to arbitration, the complaining party shall cause the appointment of an AAA case manager by filing of a claim with the AAA along with the appropriate filing fee, and serving it on the defending party. The AAA case manager shall provide each party with a list of proposed arbitrators who meet the qualifications described below, or if no such person is available, who are generally familiar with the subject matter involved in the Dispute. Each side will have 14 days to strike any unacceptable names, number the remaining names in order of preference, and return the list to the AAA. The case manager shall then invite persons to serve from the names remaining on the list, in the designated order of mutual preference. Should this selection procedure fail for any reason, the AAA case manager shall appoint an arbitrator as provided in the applicable AAA Commercial Arbitration Rules.

  • Initiation of Arbitration Either party may exercise the right to arbitrate by providing the other party with written notice of any and all claims forming the basis of such right in sufficient detail to inform the other party of the substance of such claims. In no event shall the request for arbitration be made after the date when institution of legal or equitable proceedings based on such claims would be barred by the applicable statute of limitations.

  • Location of Arbitration The arbitration shall take place in Oklahoma City, Oklahoma, and the arbitrator shall issue any award at the place of arbitration. The arbitrator may conduct hearings and meetings at any other place agreeable to the parties or, upon the motion of a party, determined by the arbitrator as necessary to obtain significant testimony or evidence.

  • Mediation/Arbitration Employee agrees that prior to filing any motion or claim against the Company or any of its employees, Employee will offer to engage in informal mediation. Each party shall bear its own costs of mediation and one-half of the cost of the mediator. Additionally, any claim by either party arising out of or related to this Agreement, or its breach, or related in any way to Employee's employment or its termination (except claims of employment discrimination under local, state or federal laws, and requests for equitable relief under Section 9 above), shall be settled by arbitration using a single arbitrator and administered by the American Arbitration Association under its Employment Dispute Resolution Rules. Any arbitration shall take place in Seattle, Washington, and the parties waive the right to a trial de novo or appeal, excepting only for the purpose of enforcing the arbitrator's decision, for which purpose the parties agree that the Superior Court for King County, Washington shall have jurisdiction. The nature, proceedings and results of the mediation or arbitration shall be kept confidential and kept from public disclosure to the extent possible.

  • Notice of Arbitration If a Person asserts that there exists a Dispute, then such Person (the “Disputing Person”) will give each other Person involved in such Dispute a written notice setting forth the nature of the asserted Dispute. If all such Persons do not resolve any such asserted Dispute prior to the 10th business day after such notice is given, then any of them may commence arbitration pursuant to this Paragraph 19 by giving each other Person involved in such Dispute a written notice to that effect (an “Arbitration Notice”), setting forth any matters which are required to be set forth therein in accordance with the AAA Rules.

  • Dispute Resolution; Arbitration This Agreement evidences a transaction involving interstate commerce. Any disputes arising from this Agreement shall be decided by binding arbitration which shall be conducted, at the request of any party, in New York, New York, before one arbitrator designated by the American Arbitration Association (the "AAA"), in accordance with the Commercial Arbitration Rules of the AAA, and to the maximum extent applicable, the United States Arbitration Act (Title 9 of the United States Code). Notwithstanding anything in this Agreement to the contrary, any party may proceed to a court of competent jurisdiction to obtain equitable relief at any time. An arbitrator shall have no authority to award punitive damages or other damages not measured by the prevailing party's actual damages. To the maximum extent practicable, an arbitration proceeding under this Agreement shall be concluded within 180 days of the filing of the dispute with the AAA. This arbitration clause shall survive any termination, amendment, or expiration of the Agreement and if any provision of this arbitration clause is found to be unenforceable, the remaining parts of the arbitration clause shall not be affected and shall remain fully enforceable.

  • Mediation and Arbitration of Disputes An Addendum requiring the Mediation and/or the Arbitration of all disputes between the Parties and/or Brokers arising out of this Lease ¨ is x is not attached to this Lease. LESSOR AND LESSEE HAVE CAREFULLY READ AND REVIEWED THIS LEASE AND EACH TERM AND PROVISION CONTAINED HEREIN, AND BY THE EXECUTION OF THIS LEASE SHOW THEIR INFORMED AND VOLUNTARY CONSENT THERETO. THE PARTIES HEREBY AGREE THAT, AT THE TIME THIS LEASE IS EXECUTED, THE TERMS OF THIS LEASE ARE COMMERCIALLY REASONABLE AND EFFECTUATE THE INTENT AND PURPOSE OF LESSOR AND LESSEE WITH RESPECT TO THE PREMISES. ATTENTION: NO REPRESENTATION OR RECOMMENDATION IS MADE BY THE AMERICAN INDUSTRIAL REAL ESTATE ASSOCIATION OR BY ANY BROKER AS TO THE LEGAL SUFFICIENCY, LEGAL EFFECT, OR TAX CONSEQUENCES OF THIS LEASE OR THE TRANSACTION TO WHICH IT RELATES. THE PARTIES ARE URGED TO:

  • Compensation of Arbitrator Any such arbitration will be conducted before a single arbitrator who will be compensated for his or her services at a rate to be determined by the parties or by the American Arbitration Association, but based upon reasonable hourly or daily consulting rates for the arbitrator in the event the parties are not able to agree upon his or her rate of compensation.

  • Mediation and Arbitration Any controversy, dispute or claim arising out of or relating to this Agreement or the performance, enforcement, breach, termination or validity thereof, including the determination of the scope of this Agreement to arbitrate, shall first be submitted to non-binding mediation and shall thereafter be determined by final binding arbitration, and not litigation, the agreed venue for mediation and arbitration being in Houston, Texas. The mediation process shall be administered by a mutually acceptable mediator selected in accordance with the Commercial Mediation Rules of the American Arbitration Association (“AAA”). If any dispute remains unresolved between the parties after the mediation process has been completed, either party may then submit any such unresolved dispute to final and binding arbitration pursuant to the Commercial Arbitration rules of AAA, with all matters related to the enforceability of this arbitration agreement and any award rendered pursuant to this agreement to be governed by the Federal Arbitration Act, 9 U.S.C. Section 1-16. The Arbitration Tribunal shall be formed of three (3) arbitrators each of which shall have at least five (5) years’ experience in hotel operation, management, ownership or leasing, one (1) to be appointed by each party and the third (3rd) to be appointed by the American Arbitration Association. The arbitration panel may require and facilitate such discovery as it shall determine is appropriate in the circumstances, taking into account the needs of the parties and the desirability of making discovery expeditious and cost-effective. The arbitration panel shall be empowered to subpoena non-party and party witnesses for deposition and hearing to the full extent provided under the AAA Rules and the Federal Arbitration Act (or the applicable state arbitration statute if the arbitration panel is appointed pursuant to a petition filed in state court). The arbitration panel may also direct the production of documents and other information and the advance identification of witnesses to be called and documents to be admitted. The arbitration panel may issue orders to protect the confidentiality of proprietary information, trade secrets and other sensitive information before it is required to be disclosed in discovery. In addition to monetary damages, or in lieu thereof, the arbitration panel shall have the power to grant all equitable relief (both by way of interim relief and as a part of its final award) as may be granted by any court in the state where the Hotel is located. Monetary damage liability shall be limited to actual damages; the parties hereby waive the right to claim and/or receive punitive damages or exemplary relief. The arbitration panel shall determine whether and to what extent any party is a prevailing party and shall award attorneys’ fees and expenses associated with the arbitration proceeding to the “prevailing party, if any. All proceedings shall be reported by a certified shorthand court reporter and written transcripts of the proceedings shall be prepared and made available to the parties. The fees of the arbitration panel, together with all costs and expenses incurred in conducting the arbitration (but excluding the parties’ respective attorney, witness and related costs and expenses) shall be borne by the party against whom the arbitral award is made and shall be a (the) component of the arbitral award. The arbitration shall take place in Orlando, Florida, and shall be conducted in the English language. The arbitration award shall be final and binding upon the parties hereto and subject to no appeal. Arbitration expenses shall not be an expense in determining House Profit. Judgment upon the award rendered maybe entered into any court having jurisdiction, or applications may be made to such court for an order of enforcement.

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