Common use of Initiation of Arbitration Proceedings Clause in Contracts

Initiation of Arbitration Proceedings. (a) If any Party to this Agreement wishes to have any matter under this Agreement arbitrated in accordance with the provisions of this Agreement, it shall give notice to the other Party hereto specifying particulars of the matter or matters in dispute and proposing the name of the person it wishes to be the single arbitrator. Within 20 days after receipt of such notice, the other Party to this Agreement shall give notice to the first Party advising whether such Party accepts the arbitrator proposed by the first Party. If such notice is not given within such 20 day period, the other Party shall be deemed to have accepted the arbitrator proposed by the first Party. If the Parties do not agree upon a single arbitrator within such 20 day period such arbitrator shall be chosen in accordance with the Arbitration Rules.

Initiation of Arbitration Proceedings. (a) If any Party to this Agreement wishes to have any matter under this Agreement arbitrated in accordance with the provisions of this Agreement, it shall give notice to the other Party hereto specifying particulars of the matter or matters in dispute and proposing the name of the person it wishes to be the single arbitrator. Within 20 days after receipt of such notice, the other Party to this Agreement shall give notice to the first Party advising whether such Party accepts the arbitrator proposed by the first Party. If such notice is not given within such 20 day period, the other Party shall be deemed to have accepted the arbitrator proposed by the first Party. If the Parties do not agree upon a single arbitrator within such 20 day period such arbitrator shall be chosen in accordance with the ARBITRATION ACT, 1991 (Ontario) (the "Arbitration RulesAct").

Initiation of Arbitration Proceedings. (a) If any Party party to this Option Agreement wishes to have any matter under this Agreement a Dispute arbitrated in accordance with the provisions of this Option Agreement, it shall give notice to the other Party party hereto specifying particulars of the matter or matters in dispute Dispute and proposing the name of the person it wishes to be the single arbitrator. Within 20 ten (10) days after receipt of such notice, the other Party party to this Option Agreement shall give notice to the first Party party advising whether such Party party accepts the arbitrator proposed by the first Partyparty. If such notice is not given within such 20 ten (10) day period, the other Party party shall be deemed to have accepted the arbitrator proposed by the first Partyparty. If the Parties parties do not agree upon a single arbitrator within such 20 ten (10) day period period, such arbitrator shall be chosen in accordance with the Arbitration RulesAct.