Method of Appointment of the Arbitrators. (a) If the arbitration is to be conducted by a sole arbitrator, then the arbitrator will be jointly selected by the parties to the Dispute within thirty (30) Days after commencement of the arbitration. (b) If the arbitration is to be conducted by three arbitrators and there are only two parties to the Dispute, then each party to the Dispute shall appoint one arbitrator within thirty (30) Days of the commencement of the arbitration, and the two arbitrators so appointed shall select the presiding arbitrator within thirty (30) days after the latter of the two arbitrators has been appointed by the parties to the Dispute.
Appears in 3 contracts
Samples: Stock Purchase Agreement, Stock Purchase Agreement (BPZ Resources, Inc.), Stock Purchase Agreement (BPZ Resources, Inc.)
Method of Appointment of the Arbitrators. (a) If the arbitration is to be conducted by a sole arbitrator, then the arbitrator will be jointly selected by the parties to the Dispute within thirty (30) Days after the commencement of the arbitration. (b) If the arbitration is to be conducted by three arbitrators and there are only two parties to the Dispute, then each party to the Dispute shall appoint one arbitrator within thirty (30) Days of the commencement of the arbitration, and the two arbitrators so appointed shall select the presiding arbitrator within thirty (30) days Days after the latter of the two arbitrators has been appointed by the parties to the Dispute.
Appears in 2 contracts
Samples: Joint Operating Agreement (Discovery Energy Corp.), August (Duma Energy Corp)
