AGREEMENT FOR BINDING ARBITRATION Clause Samples
The Agreement for Binding Arbitration clause establishes that any disputes arising between the parties will be resolved through arbitration rather than through court litigation. In practice, this means that if a disagreement occurs, both parties are required to submit their case to a neutral arbitrator or arbitration panel, whose decision will be final and legally binding. This clause streamlines dispute resolution, often making it faster and less costly than traditional court proceedings, and provides certainty by limiting the potential for prolonged legal battles.
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AGREEMENT FOR BINDING ARBITRATION. The parties agree to be bound by the terms and provisions of the current Arbitration Program of First Interstate Bank of Texas, N.A., which is incorporated by reference herein and is acknowledged as received by the parties, pursuant to which any and all disputes shall be resolved by mandatory binding arbitration upon the request of either party.
AGREEMENT FOR BINDING ARBITRATION. The parties agree to be bound by the terms and provisions of the Bank’s current Arbitration Program which is incorporated herein by reference and is acknowledged as received by the parties pursuant to which any and all disputes shall be resolved by mandatory binding arbitration upon the request of any party.
AGREEMENT FOR BINDING ARBITRATION. The parties agree to be bound by the terms and provisions of the Bank’s current Arbitration Program, a true and correct copy of which is attached hereto as Exhibit A and incorporated herein by reference and is acknowledged as received by the parties pursuant to which any and all disputes shall be resolved by mandatory binding arbitration upon the request of any party.
AGREEMENT FOR BINDING ARBITRATION. (a) Any controversy or claim between or among the parties hereto, including but not limited to those arising out of or relating to this Agreement or the Loan Documents, including any claim based on or arising from an alleged tort, shall be determined by binding arbitration in accordance with the Federal Arbitration Act (or if not applicable, the applicable state law), the rules of practice and procedure for the arbitration of commercial disputes of the American Arbitration Association (“AAA”), and the “special rules” set forth in paragraph (b) below. In the event of any inconsistency, the special rules shall control. Judgment upon any arbitration award may be entered in any court having jurisdiction. Any party to this Agreement may bring an action, including a summary or expedited proceeding, to compel arbitration of any controversy or claim to which this Agreement or any of the Loan Documents applies in any court having jurisdiction over such action.
(b) The arbitration shall be conducted in Houston, Texas and administered by AAA, who shall appoint an arbitrator; if AAA is unable or legally precluded from administering the arbitration, then the Judicial Arbitration and Mediation Services, Inc. shall serve. All arbitration hearings shall be commenced within 90 days of the demand for arbitration; further, the arbitrator shall only, upon a showing of cause, be permitted to extend the commencement of such hearing for up to an additional 60 days.
(c) Nothing in this Agreement shall be deemed to (i) limit the applicability of any otherwise applicable statutes of limitation or repose and any waivers contained in this Agreement or the Loan Documents; or (ii) be a waiver by the Bank of the protection afforded to it by 12 ▇.▇.▇. §▇▇ or any substantially equivalent state law; or (iii) limit the rights of the Bank hereto (A) to exercise self help remedies such as (but not limited to) set-off, or (B) to foreclose against any real or personal property collateral, or (C) to obtain from a court provisional or ancillary remedies such as (but not limited to) injunctive relief, writ of possession or the appointment of a receiver. The Bank may exercise such self help rights, foreclose upon such Property, or obtain such provisional or ancillary remedies before, during, or after the pendency of any arbitration proceeding brought pursuant to this Agreement. Neither this exercise of self help remedies nor the institution or maintenance of an action for foreclosure or provisional...
AGREEMENT FOR BINDING ARBITRATION. DEBTOR AGREES TO BE BOUND BY THE TERMS AND PROVISIONS OF THE ARBITRATION PROGRAM (DATED 9/23/94) WHICH IS INCORPORATED BY REFERENCE HEREIN AND IS ACKNOWLEDGED AS RECEIVED BY DEBTOR PURSUANT TO WHICH ANY AND ALL DISPUTES SHALL BE RESOLVED BY MANDATORY BINDING ARBITRATION UPON THE REQUEST OF ANY PARTY.
AGREEMENT FOR BINDING ARBITRATION. The parties agree to be bound by the terms and provisions of the Arbitration Agreement by and among the parties hereto, which Agreement is incorporated by reference herein, pursuant to which any and all disputes shall be resolved by mandatory binding arbitration upon the request of any party.
AGREEMENT FOR BINDING ARBITRATION. The parties agree to be bound by the terms and provisions of Pledgee’s current Arbitration Program which is incorporated by reference herein and is acknowledged as received by the parties pursuant to which any and all disputes shall be resolved by mandatory binding arbitration upon the request of any party.
AGREEMENT FOR BINDING ARBITRATION. THE PARTIES AGREE TO BE BOUND BY THE TERMS AND PROVISIONS OF THE CURRENT ARBITRATION PROGRAM OF WELL▇ ▇▇▇GO BANK (TEXAS), N.A., WHICH IS INCORPORATED BY REFERENCE HEREIN AND IS ACKNOWLEDGED AS RECEIVED BY THE PARTIES, PURSUANT TO WHICH ANY AND ALL DISPUTES SHALL BE RESOLVED BY MANDATORY BINDING ARBITRATION UPON THE REQUEST OF EITHER PARTY.
AGREEMENT FOR BINDING ARBITRATION. The parties agree to be bound by the terms and provisions of the current Arbitration Program of First Interstate Bank of Texas, N.A. which is incorporated by reference herein and is acknowledged as received by the parties, pursuant to which any and all disputes shall be resolved by mandatory binding arbitration upon the request of any party. /s/ GF ------------ (INITIALS) This Note is subject to the terms and conditions of a Letter Loan Agreement executed by Bank and Maker on even date herewith. MAKER: COMPRESSOR DYNAMICS, INC., a Delaware corporation By: /s/ ▇▇▇▇ ▇▇▇▇ --------------------------------- ▇▇▇▇ ▇▇▇▇, President NOTICE AND ACKNOWLEDGMENT OF NO ORAL AGREEMENTS This agreement (this "Agreement") is made and entered into by and among the undersigned effective the 18 day of September, 1995.
AGREEMENT FOR BINDING ARBITRATION. The parties agree to be bound by the terms and provisions of the current Arbitration Program of First Interstate Bank of Texas, N.A. which is incorporated by reference herein and is acknowledged as received by the parties, pursuant to which any and all disputes shall be resolved by mandatory binding arbitration upon the request of any party. This Note is subject to the terms and conditions of a Letter Loan Agreement executed by Bank and Maker on even date herewith. MAKER: MANIFOLD VALVE SERVICES, INC., a Delaware corporation By: /s/ ▇▇▇▇▇▇ ▇▇▇▇▇▇▇ --------------------------- ▇▇▇▇▇▇ ▇▇▇▇▇▇▇, President COMMERCIAL SECURITY AGREEMENT THAT, MANIFOLD VALVE SERVICES, INC., a Delaware corporation, P. O. Box 1009, Jennings, Louisiana 70546 (hereinafter referred to as "Debtor"), for value received, the receipt and sufficiency of which is hereby acknowledged, hereby grants to FIRST INTERSTATE BANK OF TEXAS, N.A., ▇▇▇▇ ▇▇▇▇ ▇▇▇ ▇▇▇▇., ▇▇▇▇▇▇▇, ▇▇▇▇▇▇ ▇▇▇▇▇▇, Texas 77056 (hereinafter referred to as "Secured Party"), the security interest (and the pledges and assignments as applicable) hereinafter set forth and agrees with Secured Party as follows: