Examples of Initiating Party in a sentence
If the Responding Party shall fail to designate an arbitrator and deliver Notice thereof to the Initiating Party within the time limit in Section 7.1 hereof, then the arbitrator appointed by the Initiating Party shall be entitled to arbitrate the matter to be arbitrated as if appointed a single arbitrator pursuant to the provisions of the Arbitration Act, (Ontario).
Within thirty (30) days of receipt of a Notice of Non- Compliance, the Responding Party shall respond to the Initiating Party in writing.
If the Parties are not able to agree on an arbitrator within 5 Business Days of receipt of the notice to arbitrate issued by the Initiating Party through the above or any other process or mechanism agreed to by the Parties, then either Party may apply to the Court of Queen’s Bench of Saskatchewan to appoint the arbitrator.
The arbitration panel shall then promptly proceed to hear the evidence and submissions of the Initiating Party and the Responding Party and shall render a written decision within thirty (30) days after the designation of the third arbitrator.
If the arbitrators shall be unable to agree in the selection of the third arbitrator (who shall be the Chair of the arbitration panel hereunder), the third arbitrator shall be designated by the Court upon proper application by the Initiating Party pursuant to the provisions of the Arbitration Act.