Common use of Expedited Procedures Clause in Contracts

Expedited Procedures. U n less t h e A m e r ic a n A r bi t r a t io n As- soci a t io n i n i t s disc r e t io n de t e r m i n es o t h e r wise, t h e E xpedi t ed P r oced ur es desc r ibed i n t h i s sec t io n s h a ll be a p- plied i n a ny c a se w h e r e t h e t o t a l cl a i m of a ny p a r t y does n o t exceed $5,000, ex- cl u s ive of i n t e r es t a n d h e a r i n g cos t s, a n d m a y be a pplied i n o t h e r c a ses if t h e p a r t ies a g r ee.