Common use of Selection of Expert if Parties Do Not Agree Clause in Contracts

Selection of Expert if Parties Do Not Agree. In the event there are no common names on the Parties’ lists, the lists of potential Title Experts submitted by the Parties shall be submitted to The International Institute for Conflict Prevention & Resolution (“CPR”) on or before five (5) Business Days after the submission of the Parties’ respective lists, and the CPR shall select the Title Expert from the Parties’ lists. The Title Expert need not be on the CPR’s panel of neutrals.

Appears in 2 contracts

Samples: Purchase and Sale Agreement, Purchase and Sale Agreement (Legacy Reserves Lp)

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Selection of Expert if Parties Do Not Agree. In the event there are no common names on the Parties’ listslists (or there is more than one common name and the Parties cannot agree), the lists of potential Title Experts submitted by the Parties shall be submitted to The International Institute for Conflict Prevention & Resolution (“CPR”) on or before five (5) Business Days after the submission of the Parties’ respective listslists to one another, and the CPR shall select the Title Expert from the Parties’ lists. The Title Expert need not be on the CPR’s panel of neutrals.

Appears in 2 contracts

Samples: Securities Purchase Agreement (WPX Energy, Inc.), Securities Purchase Agreement (WPX Energy, Inc.)

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Selection of Expert if Parties Do Not Agree. In the event there are no common names on the Parties’ lists, the lists of potential Title Experts submitted by the Parties shall be submitted to The International Institute for Conflict Prevention & Resolution (“CPR”) on or before five (5) Business Days after the submission of the Parties’ respective listslists to one another, and the CPR shall select the Title Expert from the Parties’ lists. The Title Expert need not be on the CPR’s panel of neutrals.

Appears in 1 contract

Samples: Purchase and Sale Agreement (WPX Energy, Inc.)

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