Examples of Arbitrating Parties in a sentence
Notwithstanding the foregoing, discovery allowed each of the Arbitrating Parties shall not exceed: (i) five (5) party depositions; (ii) three (3) nonparty depositions; (iii) three (3) depositions of any experts selected to give opinions in the arbitration (as well as the production of any documents relied upon by such experts); and (iv) fifteen (15) interrogatories (with each subpart counted as a separate interrogatory).
The Arbitrating Parties shall be entitled to reasonable discovery prior to the arbitration hearing, and the arbitrator or arbitrators, as the case may be, shall have the power upon application of any Arbitrating Party to make all appropriate orders for discovery from the other Arbitrating Party, including discovery of documents, responses to interrogatories, and depositions.
The decision and award shall in either case be in writing and counterpart copies of such decision shall be delivered to each of the Arbitrating Parties.
With respect to arbitration proceedings held under the ICC Rules, the Arbitrating Parties hereby waive the right to judicial intervention in the proceedings themselves and also waive the right to have any interim or conservatory order or any final award annulled or set aside by the courts of any jurisdiction other than the jurisdiction in which the arbitration is held.
The decision of the Arbitrator shall be final and binding upon the Arbitrating Parties, and judgment on the award may be entered in any court having jurisdiction.
The Parties agree that, regardless of the payment scales otherwise prescribed by any institution administering an arbitration under this Agreement, the Arbitrating Parties shall compensate the members of the arbitral tribunal at rates sufficient to secure their service as arbitrators.
Unless otherwise agreed in writing by the Arbitrating Parties, the Arbitrator shall render a decision within ninety (90) days of appointment and shall notify the Parties in writing of such decision and the reasons therefor.
The arbitrators, as soon as possible, shall meet in Salt Lake City, at a time and place reasonably convenient for the participants, after giving each of the Arbitrating Parties at least 10 days' notice.
To assure the Arbitrating Parties that disputes and controversies will be resolved expeditiously, the final arbitration hearing will occur within 60 days after the arbitration is initiated and there will be limited discovery (including no more than two depositions per party) prior to the arbitration hearing.
If the participants in the arbitration settle the dispute in the course of the arbitration, such settlement shall be approved by the arbitrators on request any of the Arbitrating Parties and become the award.