Common use of Number of Arbitrators Clause in Contracts

Number of Arbitrators. If the amount in Dispute involves less than $2 million, exclusive of interest and costs, then the arbitration shall be conducted and finally settled by a sole arbitrator. If the amount in Dispute, exclusive of interest and costs, is $2 million or more, if the amount in Dispute is unknown, or if relief other than damages is sought, then the arbitration shall be conducted and finally settled by the majority vote of three (3) arbitrators.

Appears in 6 contracts

Samples: Gathering and Processing Contract (New Public Rangers, L.L.C.), Gathering and Processing Contract (New Public Rangers, L.L.C.), Gas Gathering Contract (New Public Rangers, L.L.C.)

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Number of Arbitrators. If the amount in Dispute dispute involves less than $2 1 million, exclusive of interest and costs, then the arbitration shall be conducted and finally settled by a sole arbitrator. If the amount in Disputecontroversy, exclusive of interest and costs, is $2 1 million or more, if the amount in Dispute dispute is unknown, or if relief other than damages is sought, then the arbitration shall be conducted and finally settled by the majority vote of three (3) arbitrators.

Appears in 1 contract

Samples: Purchase Agreement (Rancher Energy Corp.)

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Number of Arbitrators. If the amount in Dispute dispute involves less than $2 million1,000,000, exclusive of interest and costs, then the arbitration shall be conducted and finally settled by a sole arbitrator. If the amount in Disputecontroversy, exclusive of interest and costs, is $2 million 1,000,000 or more, if the amount in Dispute dispute is unknown, or if relief other than damages is sought, then the arbitration shall be conducted and finally settled by the majority vote of three (3) arbitrators.

Appears in 1 contract

Samples: Distribution Agreement (Merisant Co)

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