Examples of Additional Facility in a sentence
As long as this requirement is not met, each Contracting Party agrees that the dispute shall be submitted to Arbitration Pursuant to the Provisions of the Additional Facility of the I.C.S.I.D.; The Arbitral Court of the International Chamber of Commerce in Paris; The Arbitration Institute of the Chamber of Commerce in Stockholm.
At any time and from time to time, any TRS or any Affiliate of a TRS (an “Additional TRS”) which enters into a management agreement with Manager (an “Additional Management Agreement”) for the operation of an additional senior living facility (an “Additional Facility”), may, with the consent of Manager and TRSes become a party to this Agreement with respect to such Additional Facility by signing an accession agreement confirming the applicability of this Agreement to such Additional Facility.
Until that moment the dispute shall be submitted to conciliation or arbitration procedure to be mutually agreed upon on the basis of the Convention or Additional Facility.
Each Additional Facility Commitment shall terminate on the date specified in the relevant Additional Facility Joinder Agreement.
Management determined the Company’s sole recourse was to file a Request for Arbitration under the Additional Facility Rules of the International Centre for Settlement of Investment Disputes (“ICSID”) against the government of Venezuela alleging violations of the provisions of the Bilateral Treaty for the Protection of Investments entered between the governments of Canada and Venezuela (the “Treaty”).