Mechanism and Procedure Sample Clauses

Mechanism and Procedure. Disputes relating to, touching or arising out of this Agreement shall be referred to the sole arbitrator Xx. Xxxxxx Xxxxx Das, Advocate, 0X, Xxxxxxxx Xxxx (Xxxxx), Xxxxxxx- 000000 (Sole Arbitrator), being a reference within the meaning of the arbitration And Conciliation Act, 1996. The Sole Arbitrator shall (1) decide venue and language of the proceeding, (2) be entitled to proceed summarily, (3) make and publish his Award within 6 (six) months of reference and (4) make/publish speaking or non-speaking directions/ interim award/ final award as be decided by the Sole Arbitrator. The directions/awards (whether interim or final) shall be binding on the Parties.
Sample 1
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Mechanism and Procedure. Disputes relating to, touching or arising out of this Agreement shall be referred to the sole arbitration of such person as may be appointed by Xxxxxx Xxxxx Das, Advocate, 0X, Xxxxxxxx Xxxx (Xxxxx), Xxxxxxx- 000000 with the consent of Owner No.1 i.e. Xxxxxx Xxxxx Xxxxxx, being a reference within the meaning of the arbitration And Conciliation Act, 1996. The Sole Arbitrator shall (1) decide venue and language of the proceeding, (2) be entitled to proceed summarily, (3) make and publish his Award within 6 (six) months of reference and (4) make/publish speaking or non-speaking directions/ interim award/ final award as be decided by the Sole Arbitrator. The directions/awards (whether interim or final) shall be binding on the Parties.
Sample 1
Mechanism and Procedure. Disputes relating to, touching or arising out of this Agreement shall be referred to the sole arbitration of such person as may be appointed by Xxxxxx Xxxxx Xxx, Advocate, 9A, Gariahat Road (South), Kolkata- 700068 with the consent of Owner No.1 i.e. Xxxxxx Xxxxx Xxxxxx, being a reference within the meaning of the arbitration And Conciliation Act, 1996. The Sole Arbitrator shall (1) decide venue and language of the proceeding, (2) be entitled to proceed summarily, (3) make and publish his Award within 6 (six) months of reference and (4) make/publish speaking or non-speaking directions/ interim award/ final award as be decided by the Sole Arbitrator. The directions/awards (whether interim or final) shall be binding on the Parties.
Sample 1

Related to Mechanism and Procedure

  • Dispute Resolution Procedure 21.1 All disputes or grievances arising between the Parties shall as far as practical be resolved at the workplace level through consultation. Accordingly the following procedure must be followed:

  • Procedure If any action is brought against an Underwriter, a Selected Dealer or a Controlling Person in respect of which indemnity may be sought against the Company pursuant to Section 6.1, such Underwriter, such Selected Dealer or Controlling Person, as the case may be, shall promptly notify the Company in writing of the institution of such action and the Company shall assume the defense of such action, including the employment and fees of counsel (subject to the reasonable approval of such Underwriter or such Selected Dealer, as the case may be) and payment of actual expenses. Such Underwriter, such Selected Dealer or Controlling Person shall have the right to employ its or their own counsel in any such case, but the fees and expenses of such counsel shall be at the expense of such Underwriter, such Selected Dealer or Controlling Person unless (i) the employment of such counsel at the expense of the Company shall have been authorized in writing by the Company in connection with the defense of such action, or (ii) the Company shall not have employed counsel to have charge of the defense of such action, or (iii) such indemnified party or parties shall have reasonably concluded that there may be defenses available to it or them which are different from or additional to those available to the Company (in which case the Company shall not have the right to direct the defense of such action on behalf of the indemnified party or parties), in any of which events the reasonable fees and expenses of not more than one additional firm of attorneys selected by such Underwriter (in addition to local counsel), Selected Dealer and/or Controlling Person shall be borne by the Company. Notwithstanding anything to the contrary contained herein, if any Underwriter, Selected Dealer or Controlling Person shall assume the defense of such action as provided above, the Company shall have the right to approve the terms of any settlement of such action which approval shall not be unreasonably withheld.

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