Common use of Designation of Arbitrator Clause in Contracts

Designation of Arbitrator. One arbitrator or three arbitrators, ------------------------- designated by the Parties as follows shall decide the Dispute. If the Parties are able to agree upon a single arbitrator within twenty (20) days after the receiving Party has received the Demand, the Dispute shall be submitted to said single arbitrator. If the Parties are unable to so agree upon a single arbitrator within such period, the Dispute shall be submitted to three arbitrators, chosen as follows. Each Party shall designate an arbitrator and notify the other of its choice within thirty (30) days after the receiving Party has received the Demand. If either Party does not so designate within such thirty (30) days, the American Arbitration Association shall promptly select an arbitrator for the Party in question within ten (10) days after the expiration of such thirty (30) day period. The two arbitrators so chosen shall select a third arbitrator within ten (10) days after both are appointed. If the two arbitrators so chosen shall be unable to agree upon a third arbitrator within such ten (10) day period, the third arbitrator shall be chosen in accordance with the Arbitration Rules.

Designation of Arbitrator. One arbitrator or three arbitrators, ------------------------- arbitrators designated by the Parties as follows shall decide the Dispute. If the Parties are able to agree upon a single arbitrator within twenty (20) days after the receiving Party has received removed the Demand, the Dispute shall be submitted to said single arbitrator. If the Parties are unable to so agree upon a single arbitrator within such period, the Dispute shall be submitted to three arbitrators, chosen as follows. Each Party shall designate an arbitrator and notify the other of its choice within thirty (30) days after the receiving Party has received the Demand. If either Party does not so designate within such thirty (30) days, the American Arbitration Association shall promptly select an arbitrator for the Party in question within ten (10) days after the expiration of such thirty (30) day period. The two arbitrators so chosen shall select a third arbitrator within ten (10) days after both are appointed. If the two arbitrators so chosen shall be unable to agree upon a third arbitrator within such ten (10) day period, the third arbitrator shall be chosen in accordance with the Arbitration Rules.