Selection of the Arbitral Tribunal. The Dispute shall be decided by a panel of three neutral arbitrators. The claimant shall nominate an arbitrator at the time it serves its request for arbitration. The respondent shall nominate an arbitrator at the time it serves its response to the request for arbitration. If a Party fails to appoint an arbitrator, then that arbitrator shall be appointed in accordance with the Rules. The two arbitrators shall together agree upon a third arbitrator to recommend to the AAA to chair the arbitration. If the two party-appointed arbitrators are unable to agree upon an arbitrator within fifteen (15) days of the respondent’s appointment of an arbitrator, then the chairman shall be chosen according to the Rules.
Appears in 2 contracts
Sources: Purchase and Sale Agreement (Gastar Exploration LTD), Purchase and Sale Agreement (Gastar Exploration LTD)
Selection of the Arbitral Tribunal. The Dispute shall be decided by a panel of three neutral arbitrators. The claimant shall nominate an arbitrator at the time it serves its request for arbitration. The respondent shall nominate an arbitrator at the time it serves its response to the request for arbitration. If a Party fails to appoint an arbitrator, then that arbitrator shall be appointed in accordance with the Rules. The two arbitrators shall together agree upon a third arbitrator to recommend to the AAA to chair the arbitration. If the two party-appointed arbitrators are unable to agree upon an arbitrator within fifteen (15) 15 days of the respondent’s appointment of an arbitrator, then the chairman shall be chosen according to the Rules.
Appears in 1 contract