Common use of Procedures; No Appeal Clause in Contracts

Procedures; No Appeal. The arbitrator(s) shall allow such discovery as the arbitrator(s) determines appropriate under the circumstances and shall resolve the dispute as expeditiously as practicable, and if reasonably practicable, within ninety (90) days after the selection of the arbitrator(s). The arbitrator(s) shall give the Parties written notice of the decision, with the reasons therefor set out, and shall have thirty (30) days thereafter to reconsider and modify such decision if either Party so requests within ten (10) days after the decision. Thereafter, the decision of the arbitrator(s) shall be final, binding, and nonappealable with respect to all persons, including (without limitation) persons who have failed or refused to participate in the arbitration process, except to the extent such decision shall be premised upon an erroneous application of or shall be contrary to applicable law. In making any decision, the arbitrator(s) is instructed to preserve, as nearly as possible, to the extent compatible with applicable law, the original business and economic intent of the Parties embodied in this Agreement.

Appears in 2 contracts

Samples: Stock Purchase Agreement (Vifor (International) LTD), Stock Purchase Agreement (Glaxosmithkline PLC)

AutoNDA by SimpleDocs

Procedures; No Appeal. The arbitrator(s) shall allow such discovery as the arbitrator(s) determines appropriate under the circumstances and shall resolve the dispute as expeditiously as practicable, and if reasonably practicable, within ninety (90) 90 days after the selection of the arbitrator(s). The arbitrator(s) shall give the Parties parties written notice of the decision, with the reasons therefor set out, and shall have thirty (30) 30 days thereafter to reconsider and modify such decision if either Party any party so requests within ten (10) 10 days after the decision. Thereafter, the decision of the arbitrator(s) shall be final, binding, and nonappealable with respect to all persons, including (without limitation) persons who have failed or refused to participate in the arbitration process, except to the extent such decision shall be premised upon an erroneous application of or shall be contrary to applicable lawLaw. In making any decision, the arbitrator(s) is instructed to preserve, as nearly as possible, to the extent compatible with applicable lawLaw, the original business and economic intent of the Parties parties embodied in this Agreement.

Appears in 2 contracts

Samples: Securities Purchase Agreement (Mgic Investment Corp), Securities Purchase Agreement (Radian Group Inc)

Procedures; No Appeal. The arbitrator(s) shall allow such discovery as the arbitrator(s) determines appropriate under the circumstances and shall resolve the dispute as expeditiously as practicable, and if reasonably practicable, within ninety (90) 120 days after the selection of the arbitrator(s). The arbitrator(s) shall give the Parties written notice of the decision, with the reasons therefor set out, and shall have thirty (30) 30 days thereafter to reconsider and modify such decision if either any Party so requests within ten (10) 10 days after the decision. Thereafter, the decision of the arbitrator(s) shall be final, binding, and nonappealable with respect to all persons, including (without limitation) persons who have failed or refused to participate in the arbitration process, except to the extent such decision shall be premised upon an erroneous application of or shall be contrary to applicable lawLaw. In making any decision, the arbitrator(s) is instructed to preserve, as nearly as possible, to the extent compatible with applicable lawLaw, the original business and economic intent of the Parties embodied in this Agreement.

Appears in 2 contracts

Samples: Call Option Agreement (Mgic Investment Corp), Option Agreement (Radian Group Inc)

AutoNDA by SimpleDocs

Procedures; No Appeal. The arbitrator(s) shall allow such discovery as the arbitrator(s) determines appropriate under the circumstances and shall resolve the dispute as expeditiously as practicable, and if reasonably practicable, within ninety (90) 90 days after the selection of the arbitrator(s). The arbitrator(s) shall give the Parties parties written notice of the decision, with the reasons therefor set out, and shall have thirty (30) 30 days thereafter to reconsider and modify such decision if either Party any party so requests within ten (10) 10 days after the decision. Thereafter, the decision of the arbitrator(s) shall be final, binding, and nonappealable with respect to all personsPersons, including (without limitation) persons Persons who have failed or refused to participate in the arbitration process, except to the extent such decision shall be premised upon an erroneous application of or shall be contrary to applicable lawLaw. In making any decision, the arbitrator(s) is instructed to preserve, as nearly as possible, to the extent compatible with applicable lawLaw, the original business and economic intent of the Parties parties embodied in this Agreement.

Appears in 1 contract

Samples: Securities Repurchase Agreement (Mgic Investment Corp)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!