Common use of The Determination Clause in Contracts

The Determination. (a) As soon as possible after receipt of the submissions or after any conference and, in any event not later than 30 days after the Expert's acceptance of appointment, the Expert must: (i) determine the Matter between the Parties; and (ii) notify the Parties of that determination. (b) The determination of the Expert must: (i) be in writing stating the Expert's determination and giving reasons; (ii) be made on the basis of the submissions (if any) of the Parties, the conference (if any) and the Expert's own expertise; and (iii) meet the requirements of the NRSA. (c) To the extent permitted by Law, the Expert's determination will be final and binding on the Parties unless a notice of dissatisfaction is given in accordance with clause [24.4(a)] of the NRSA.

The Determination. (a) As soon as possible after receipt of the submissions or after any conference and, in any event not later than 30 days after the Expert's acceptance of appointment, the Expert must: (i) determine the Matter between the Parties; and (ii) notify the Parties of that determination. (b) The determination of the Expert must: (i) be in writing stating the Expert's determination and giving reasons; (ii) be made on the basis of the submissions (if any) of the Parties, the conference (if any) and the Expert's own expertise; and (iii) meet the requirements of the NRSA. (c) To the extent permitted by Law, the Expert's determination will be final and binding on the Parties unless a notice of dissatisfaction is given in accordance with clause [24.4(a)] of the NRSA.