Examples of Commercial Arbitration Act in a sentence
If any question, difference or dispute shall arise between the parties or any of them in respect of any matter arising under or in connection with the subject matter of this Agreement, or in relation to the construction hereof, the same shall be determined by the award of a single arbitrator under the Commercial Arbitration Act of the Province of Ontario, and the decision of the arbitrator shall in all respects be conclusive and binding upon all the parties.
If the other Party shall fail to appoint an arbitrator within five business days after receiving notice of the appointment of the first arbitrator, and if the two arbitrators appointed by the Parties shall be unable to agree on the appointment of the chairperson, the chairperson shall be appointed in accordance with the provisions of the British Columbia International Commercial Arbitration Act (the “Arbitration Act”).
In the event of any dispute arising with respect to any matter relating to this Agreement, the matter in dispute shall be referred to a single arbitrator under the Commercial Arbitration Act then in effect in Ontario, except in a case where this Agreement explicitly provides for another remedy or dispute resolution process, as in Section 8.14 of this Agreement.
If a dispute arises concerning the application or interpretation of this Agreement, the Parties will attempt to resolve the matter through good faith negotiation, and may, if necessary and the Parties consent in writing, resolve the matter through mediation or arbitration by a mutually acceptable mediator or by arbitration in accordance with the Commercial Arbitration Code set out in the schedule to the Commercial Arbitration Act (Canada), as amended, and all regulations made pursuant to that Act.
In the event that the parties are unable to agree on the appointment of a sole arbitrator in accordance with this section 7 within 45 days from the date on which the Dispute first became known to both parties, a sole arbitrator for this purpose will be determined for the parties in accordance with section 17 of the Commercial Arbitration Act, R.S.B.C. 1996, c.55.