No Mandatory Arbitration Sample Clauses
The No Mandatory Arbitration clause prohibits the requirement that disputes between the parties be resolved through arbitration. Instead, it ensures that either party retains the right to pursue claims in court, rather than being compelled to use a private arbitration process. This clause is particularly relevant in contracts where one party may wish to preserve access to the judicial system for resolving disagreements. Its core function is to protect parties from being forced into arbitration, thereby maintaining their ability to seek legal remedies in a public forum and ensuring transparency and procedural safeguards.
No Mandatory Arbitration. Notwithstanding anything to the contrary in this Agreement, or in any document forming a part hereof, there shall be no mandatory arbitration for any dispute arising hereunder.
No Mandatory Arbitration. With respect to such HELOC, neither the related Mortgage nor the related Credit Agreement requires the related Mortgagor to submit to arbitration to resolve any dispute arising out of or relating in any way to the mortgage loan transaction. (ooo) No Litigation Pending. There is no action, suit, proceeding or investigation pending, or to the best of the Seller’s knowledge, threatened, that is related to the HELOC and likely to materially and adversely affect such HELOC.
No Mandatory Arbitration. Neither the related Mortgage nor the related Mortgage Note requires the Mortgagor to submit to arbitration to resolve any dispute arising out of or relating in any way to the mortgage loan transaction. (oo) Interest Calculation. Interest on each Mortgage Loan is calculated on an “actual/actual” basis.