Answer and Default. An answer and any counterclaims to the Arbitration Notice shall be required to be delivered to the party initiating the Arbitration within twenty (20) calendar days after the Arbitration Commencement Date. If an answer is not delivered by the required deadline, the arbitrator must provide written notice to the defaulting party stating that the arbitrator will enter a default award against such party if such party does not file an answer within five (5) calendar days of receipt of such notice. If an answer is not filed within the five (5) day extension period, the arbitrator must render a default award, consistent with the relief requested in the Arbitration Notice, against a party that fails to submit an answer within such time period.
Appears in 256 contracts
Sources: Equity Purchase Agreement (Odyssey Health, Inc.), Securities Purchase Agreement (NetClass Technology Inc), Securities Purchase Agreement (Future FinTech Group Inc.)
Answer and Default. An answer and any counterclaims to the Arbitration Notice shall be required to be delivered to the party initiating the Arbitration within twenty (20) calendar days after the Arbitration Commencement Date. If an answer is not delivered by the required deadline, the arbitrator must provide written notice to the defaulting party stating that the arbitrator will enter a default award against such party if such party does not file an answer within five (5) calendar days of receipt of such notice. If an answer is not filed within the five (5) day extension period, the arbitrator must render a default award, consistent with the relief requested in the Arbitration Notice, against a party that fails to submit an answer within such time period..
Appears in 2 contracts
Sources: Securities Purchase Agreement (Kaixin Auto Holdings), Commercial Loan Agreement (Northwest Biotherapeutics Inc)
Answer and Default. An answer and any counterclaims to the Arbitration Notice shall be required to be delivered to the party Party initiating the Arbitration within twenty (20) calendar days after the Arbitration Commencement Date. If an answer is not delivered by the required deadline, the arbitrator must provide written notice to the defaulting party Party stating that the arbitrator will enter a default award against such party Party if such party Party does not file an answer within five (5) calendar days of receipt of such notice. If an answer is not filed within the five (5) day extension period, the arbitrator must render a default award, consistent with the relief requested in the Arbitration Notice, against a party Party that fails to submit an answer within such time period.
Appears in 2 contracts
Sources: Securities Purchase Agreement (Verb Technology Company, Inc.), Securities Purchase Agreement (Verb Technology Company, Inc.)
Answer and Default. An answer and any counterclaims to the Arbitration Notice shall be required to be delivered to the party initiating the Arbitration within twenty (20) calendar days after the Arbitration Commencement Date. If an answer is not delivered by the required deadline, the arbitrator arbitrator(s) must provide written notice to the defaulting party stating that the arbitrator arbitrator(s) will enter a default award against such party if such party does not file an answer within five ten (510) calendar days of receipt of such notice. If an answer is not filed within the five ten (510) day extension period, the arbitrator must render a default award, consistent with the relief requested in the Arbitration Notice, against a party that fails to submit an answer within such time period.
Appears in 1 contract
Sources: Securities Purchase Agreement (INVO Bioscience, Inc.)
Answer and Default. An answer and any counterclaims to the Arbitration Notice shall be required to be delivered to the party initiating the Arbitration within twenty (20) calendar days after the Arbitration Commencement Date. If an answer is not delivered by the required deadline, the arbitrator must provide written notice to the defaulting party stating that the arbitrator will enter a default award against such party if such party does not file an answer within five (5) calendar days of receipt of such notice. If an answer is not filed within the five (5) day extension period, the arbitrator must render a default award, consistent with the relief requested in the Arbitration Notice, against a party that fails to submit an answer within such time period.. Arbitration Provisions, Page 2
Appears in 1 contract
Sources: Note Purchase Agreement (Northwest Biotherapeutics Inc)