Common use of Conduct of Arbitration Clause in Contracts

Conduct of Arbitration. To the maximum extent practicable, any arbitration proceedings hereunder shall be concluded within sixty (60) days of the Parties’ selection of the arbitrator or the filing of the Dispute with the AAA for the appointment of the arbitrator. All arbitration proceedings shall be conducted in Houston, Texas. At the conclusion of the arbitration proceedings, the arbitrator shall make specific written findings of fact and conclusions of law. The decision of the arbitrator shall likewise be in writing. The arbitrator shall not have the authority to award any special, indirect, punitive or exemplary damages. The arbitrator shall have the power to award recovery of all costs and fees to the prevailing Party. Each Party agrees to keep all Disputes and arbitration proceedings strictly confidential except for disclosure of information required by law.

Appears in 3 contracts

Sources: Participation Agreement (Energy Xxi (Bermuda) LTD), Participation Agreement (Energy Xxi (Bermuda) LTD), Participation Agreement (Energy Xxi (Bermuda) LTD)

Conduct of Arbitration. To the maximum extent practicable, any an arbitration proceedings proceeding hereunder shall be concluded within sixty (60) 180 days of the Parties’ selection of the arbitrator or the filing of the Dispute with the AAA for the appointment of the arbitratorAAA. All arbitration Arbitration proceedings shall be conducted in Houston, Texas. Arbitrators shall be empowered to impose sanctions and to take such other actions as the arbitrators deem necessary to the same extent a judge could impose sanctions or take such other actions pursuant to the Federal Rules of Civil Procedure and applicable law. At the conclusion of the any arbitration proceedingsproceeding, the arbitrator shall make specific written findings of fact and conclusions of law. The decision of the arbitrator shall likewise be in writing. The arbitrator shall not have the authority to award any special, indirect, punitive or exemplary damages. The arbitrator arbitrators shall have the power to award recovery of all costs and fees to the prevailing Partyparty. Each Party Company and Purchaser each agrees to keep all Disputes and arbitration proceedings strictly confidential except for disclosure of information required by applicable law.

Appears in 3 contracts

Sources: Securities Purchase Agreement (Southwest Royalties Holdings Inc), Subscription Agreement (Basic Energy Services Inc), Securities Purchase Agreement (Sierra Well Service Inc)

Conduct of Arbitration. To the maximum extent practicable, any an arbitration proceedings proceeding hereunder shall be concluded within sixty (60) 180 days of the Parties’ selection of the arbitrator or the filing of the Dispute with the AAA for the appointment of the arbitratorAAA. All arbitration Arbitration proceedings shall be conducted in Houston, Texas. Arbitrators shall be empowered to impose sanctions and to take such other actions as the arbitrators deem necessary to the same extent a judge could impose sanctions or take such other actions pursuant to the Federal Rules of Civil Procedure and applicable law. At the conclusion of the any arbitration proceedingsproceeding, the arbitrator shall make specific written findings of fact and conclusions of law. The decision of the arbitrator shall likewise be in writing. The arbitrator shall not have the authority to award any special, indirect, punitive or exemplary damages. The arbitrator shall have the power to award recovery of all costs and fees to the prevailing Partyparty. Each Party party agrees to keep all Disputes and arbitration proceedings strictly confidential except for disclosure of information required by applicable law.

Appears in 2 contracts

Sources: Purchase and Sale Agreement (Nuevo Energy Co), Purchase and Sale Agreement (Bellwether Exploration Co)

Conduct of Arbitration. To the maximum extent practicable, any arbitration proceedings hereunder shall be concluded within sixty one hundred eighty (60180) days of the Parties’ selection of the arbitrator or the filing of the Dispute with the AAA for the appointment of the arbitratorAAA. All arbitration Arbitration proceedings shall be conducted in Houston, Texas. Arbitrators shall be empowered to impose sanctions and to take such other actions as the arbitrators deem necessary to the same extent a judge could impose sanctions or take such other actions pursuant to the Federal Rules of Civil Procedure and Law. At the conclusion of the any arbitration proceedingsproceeding, the arbitrator shall make specific written findings of fact and conclusions of law. The decision of the arbitrator shall likewise be in writing. The arbitrator shall not have the authority to award any special, indirect, punitive or exemplary damages. The arbitrator shall have the power to award recovery of all costs and fees to the prevailing Party. Each Party agrees to keep all Disputes and arbitration proceedings strictly confidential except for disclosure of information required by lawLaw.

Appears in 1 contract

Sources: Asset Purchase and Sale Agreement (Delta Petroleum Corp/Co)

Conduct of Arbitration. To the maximum extent practicable, any an arbitration proceedings proceeding hereunder shall be concluded within sixty (60) 180 days of the Parties’ selection of the arbitrator or the filing of the Dispute with the AAA for the appointment of the arbitratorAAA. All arbitration Arbitration proceedings shall be conducted in Houston, Texas. Arbitrators shall be empowered to impose sanctions and to take such other actions as the arbitrators deem necessary to the same extent a judge could impose sanctions or take such other actions pursuant to the Federal Rules of Civil Procedure and applicable law. At the conclusion of the any arbitration proceedingsproceeding, the arbitrator shall make specific written findings of fact and conclusions of law. The decision of the arbitrator shall likewise be in writing. The arbitrator shall not have the authority to award any special, indirect, punitive or exemplary damages. The arbitrator arbitrators shall have the power to award recovery of all costs and fees to the prevailing Partyparty. Each Party agrees The parties agree to keep all Disputes and arbitration proceedings strictly confidential except for disclosure of information required by applicable law.

Appears in 1 contract

Sources: Registration Rights Agreement (Sierra Well Service Inc)