Common use of THE ARBITRATOR’S AWARD Clause in Contracts

THE ARBITRATOR’S AWARD. The decision of the arbitrator, or a majority of the arbitrators, shall be reduced to writing and shall be delivered to the parties no later than 15 days following the arbitration hearing. Each party shall bear the party's own attorneys' fees and other costs and expenses incurred in connection with the arbitration, including without limitation the fees and expenses of the arbitrator to be appointed by such party in the case of a three-arbitrator panel. The parties shall share the other arbitrator's fees and any fees charged by the AAA equally.

Appears in 2 contracts

Samples: License Agreement (Trammell Crow Co), License Agreement (Trammell Crow Co)

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THE ARBITRATOR’S AWARD. The decision of the arbitrator, or a majority of the arbitrators, shall be reduced to writing and shall be delivered to the parties Parties no later than 15 days following the close of the arbitration hearing. Each party Party shall bear the partyParty's own attorneys' fees and other costs and expenses incurred in connection with the arbitration, including without limitation the fees and expenses of the arbitrator to be appointed by such party Party in the case of a three-arbitrator panel. The parties Parties shall share the other arbitrator's fees and any fees charged by the AAA equally.

Appears in 2 contracts

Samples: License Agreement (Dresser-Rand Group Inc.), License Agreement (Dresser-Rand Group Inc.)

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