Ruling. The arbitrators shall use their best efforts to rule on each ------ disputed issue within thirty (30) days after the completion of the hearings described in subsection (c) above. The arbitrators shall, by majority decision, select the ruling proposed by one of the parties as the arbitrators' ruling. The arbitrators' ruling shall be, in the absence of fraud or manifest error, binding and conclusive upon both parties and may be enforced in a court of competent jurisdiction. The arbitrators may not award punitive or exemplary damages.
Appears in 4 contracts
Samples: License Agreement (Centaur Pharmaceuticals Inc), License Agreement (Centaur Pharmaceuticals Inc), Centaur Pharmaceuticals Inc
Ruling. The arbitrators shall use their best efforts to rule on each ------ disputed issue within thirty (30) 20 days after the completion of the hearings described in subsection (cd) above. The arbitrators shall, by majority decision, select the ruling proposed by one of the parties Parties as the arbitrators' ruling. The arbitrators' ruling shall be, in the absence of fraud or manifest error, binding and conclusive upon both parties Parties and may be enforced in a court of competent jurisdiction. The arbitrators may not award punitive or exemplary damages.
Appears in 2 contracts
Samples: License Agreement (Cytotherapeutics Inc/De), Cross License Agreement (Cytotherapeutics Inc/De)
Ruling. The arbitrators shall use their best efforts to rule on each ------ disputed issue within thirty (30) days after the completion of the hearings described in subsection (c) above. The arbitrators shall, by majority decision, select the ruling proposed by one of the parties as the arbitrators' ’ ruling. The arbitrators' ’ ruling shall be, in the absence of fraud or manifest error, binding and conclusive upon both parties and may be enforced in a court of competent jurisdiction. The arbitrators may not award punitive or exemplary damages.
Appears in 1 contract
Samples: Development, License and Marketing Agreement (Renovis Inc)
Ruling. The arbitrators shall use their best efforts to rule on each ------ disputed issue issues within thirty (30) 30 days after the completion of the hearings described in subsection (cd) above. The arbitrators shall, by majority decision, select the ruling proposed by one of the parties as the arbitrators' ruling. The arbitrators' ’ ruling shall be, in the absence of fraud or manifest error, binding and conclusive upon both parties and may be enforced in a court of competent jurisdiction. The arbitrators may not award punitive or exemplary damages.
Appears in 1 contract
Samples: License Agreement (Stemcells Inc)
Ruling. The arbitrators shall use their best efforts to rule on each ------ disputed issue within thirty twenty (3020) days after the completion of the hearings described in subsection (c) above. The arbitrators shall, by majority decision, select the ruling proposed by one of the parties as the arbitrators' ruling. The arbitrators' ruling shall be, in the absence of fraud or manifest error, binding and conclusive upon both parties Parties and may be enforced in a court of competent jurisdiction. Other than as provided in Section 10.2(d), in fashioning a remedy, the arbitrators shall not be empowered to modify or alter the provisions of this Agreement. The arbitrators may not award multiple, punitive or exemplary damages.
Appears in 1 contract
Samples: Research and License Agreement (Millennium Pharmaceuticals Inc)