Common use of Three-Arbitrator Panel Clause in Contracts

Three-Arbitrator Panel. Should the Parties fail to agree on a single arbitrator within such 20-Day period, each Party may appoint one arbitrator within 14 Days thereafter pursuant to the Arbitration Rules. If any Party does not appoint an arbitrator within that 14-Day period, or if the arbitrator appointed by such Party is disqualified for any reason, DPR shall appoint one or both of the arbitrator(s), as appropriate. Within 20 Days of the appointment of the second arbitrator, the two appointed arbitrators shall attempt to agree upon the appointment of a third arbitrator to serve as the chair of the panel of arbitrators. If the two appointed arbitrators fail to agree upon the appointment of the third arbitrator within this 20-Day period or if the third arbitrator appointed by the two arbitrators is disqualified for any reason, DPR shall appoint the third arbitrator. In the event of any selection of an arbitrator by DPR, the Parties hereby request that DPR give preference to the residents of the State of Hawaii. The arbitration panel shall determine all matters by majority vote.

Three-Arbitrator Panel. Should the Parties fail to agree on a single arbitrator within such 20-Day period, each Party may appoint one arbitrator within 14 fourteen (14) Days thereafter pursuant to the Arbitration Rules. If any Party does not appoint an arbitrator within that fourteen (14-) Day period, or if the arbitrator appointed by such Party is disqualified for any reason, DPR shall appoint one (1) or both of the arbitrator(s), as appropriate. Within 20 twenty (20) Days of the appointment of the second arbitrator, the two appointed arbitrators shall attempt to agree upon the appointment of a third arbitrator to serve as the chair of the panel of arbitrators. If the two appointed arbitrators fail to agree upon the appointment of the third arbitrator within this 20-Day period or if the third arbitrator appointed by the two arbitrators is disqualified for any reason, DPR shall appoint the third arbitrator. In the event of any selection of an arbitrator by DPR, the Parties hereby request that DPR give preference to the residents of the State of Hawaii. The arbitration panel shall determine all matters by majority vote.