Common use of Multiparty Arbitration Clause in Contracts

Multiparty Arbitration. In case of an arbitration involving three (3) or more parties in which (i) these parties are not set in just two groups of claimants or respondents; or (ii) the parties set in the same group of claimants or respondents disagree in relation to the appointment of the respective co-arbitrator, all arbitrators shall be appointed by the Arbitration Chamber, as per the Arbitration Rules, unless all the parties to the arbitration agree otherwise.

Appears in 5 contracts

Samples: Voting Agreement and Other Covenants (EVERTEC, Inc.), Merger Agreement and Other Covenants (EVERTEC, Inc.), Merger Agreement and Other Covenants

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Multiparty Arbitration. In case of an arbitration involving three 3 (3three) or more parties in which (i) these parties are not set in just two groups of claimants or respondents; or (ii) the parties set in the a same group of claimants or respondents disagree in relation to the appointment of the respective co-arbitrator, all arbitrators shall be appointed by the Arbitration Chamber, as per the Arbitration Rules, unless all the parties to the arbitration agree otherwise.

Appears in 1 contract

Samples: Shareholders’ Agreement

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