Common use of Effect of arbitrator’s determination Clause in Contracts

Effect of arbitrator’s determination. If the arbitrators rule that the law does not increase ▇▇▇▇▇▇▇▇▇▇▇▇’▇ Governmental Costs, then ▇▇▇▇▇▇▇▇▇▇▇▇ shall comply with such law, unless otherwise provided for herein, including Section 18. If the arbitrators determine the new law or regulation results in an increase in Governmental Costs, then ▇▇▇▇▇▇▇▇▇▇▇▇ shall comply with the new law or regulation but the Crow Tribe shall, at its option, either subsidize the increased Governmental Costs through a tribal tax credit or waive the applicability of the new law or regulation to the extent it results in ▇▇▇▇▇▇▇▇▇▇▇▇’▇ Governmental Costs. If the arbitrators have not ruled within the one hundred and twenty (120) day period prior to the new tribal law or regulation taking effect, ▇▇▇▇▇▇▇▇▇▇▇▇ will comply with the new law or regulation as provided above until a ruling is made, provided, however, that in the event the arbitrators subsequently rule that the tribal law under review causes the total Governmental Costs of mining Crow Coal to increase, then ▇▇▇▇▇▇▇▇▇▇▇▇ shall be entitled to recover the difference in such costs incurred from the end of the one hundred and twenty day (120) period provided for above until the date the arbitrators’ ruling goes into effect. Such recovery shall be paid by the Crow Tribe by giving ▇▇▇▇▇▇▇▇▇▇▇▇ a deduction in tribal taxes due or to become due from ▇▇▇▇▇▇▇▇▇▇▇▇.

Appears in 2 contracts

Sources: Exploration and Option to Lease Agreement (Westmoreland Coal Co), Exploration and Option to Lease Agreement (Westmoreland Coal Co)