Common use of INITIATING ARBITRATION; SELECTION OF ARBITRATORS Clause in Contracts

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.

Appears in 2 contracts

Samples: Partnership Agreement (Whitehall LTD Inc), Partnership Agreement (Whitehall LTD Inc)

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INITIATING ARBITRATION; SELECTION OF ARBITRATORS. Arbitration shall be instituted by a Partner delivering notice to the other Partner(s) Partner 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.

Appears in 1 contract

Samples: Limited Partnership Agreement (Whitehall LTD Inc)

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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.

Appears in 1 contract

Samples: Limited Partnership Agreement (Whitehall LTD Inc)

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