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Agmt16 Wells Fargo Bank
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Agmt16 Wells Fargo Bank
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Last modified
8/30/2016 1:00:51 PM
Creation date
8/30/2016 12:49:11 PM
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Agreement
Contractor Name
Wells Fargo Bank
PROJECT NAME
Banking Services
Date
8/28/2016
MO Ref
16-138
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of the United States Code),notwithstanding any conflicting choice of law <br /> provision in any of the documents between Company and Bank;and (iri)be <br /> conducted by the AAA,or such other administrator as Company and Bank <br /> shall mutually agree upon, in accordance with the AAA's commercial <br /> dispute resolution procedures, unless the claim or counterclaim is at least <br /> $1,000,000.00 exclusive ofclaimed interest, arbitration fees and costs in <br /> which case the arbitration shall be conducted in accordance with the AAA's <br /> optional procedures for large,complex commercial dis�xrtes (the <br /> commercial dispute resolution procedures or the optional procedures for <br /> large,complex commercial disputes to be referred to,as applicable,as the <br /> "Rules").If there is any inconsistency between the tenns hereof and any <br /> such Rules,the terms and pmcedures set forth herein sha11 control. Any <br /> pariy who fails or refuses to submit to arbitration following a lawful demand <br /> by any other party shall bear a11 costs and expenses incurred by such other <br /> party in compelling arbitration of any Dispute. Nothing contained herein <br /> shall be deemed to be a waiver by Bank of the protections afforded to it <br /> under 12 U S.C. Section 91 or any similar applicable state law, <br /> No Wafver of Setf-Help or Provisional Remedies. <br /> This arbitration requirement does not limit the right of either party to(i) <br /> exercise self-help remedies including setoff or(ii)obtain provisional or <br /> ancillary remedies such as injunctive relief or attachment,before,during or <br /> after the pendency of any arbitration proceeding This exclusion does not <br /> constitute a waiver of the right or obligation of either party to submit any <br /> Dispute to arbitration or reference hereunder,including those arising from <br /> the exercise of the actions detailed in(i)and (ii)of this subsection. <br /> Arbitrator Qaatificat3ons and Powers. <br /> Any Dispute in which the amount in controversy is$5,000,000.00 or less <br /> will be decided by a single arbitrator selected according to the Rules,and <br /> who shall not render an award of greater than $5,000,000.00. Any Dispute <br /> in which the amount in controversy exceeds $5,000,000.00 shall be <br /> decided by majority vote of a panel of three arbitrators; provided however, <br /> that all three arbitrators must actively participate in all hearings and <br /> deliberations. Each arbihator will be a neutral attomey licensed in the state <br /> whose laws govern Compan}�s Account and who has a mi nnnum of ten (10) <br /> years experience in the substantive law applicable to the subject matter of <br /> the Dispute to be arbitrated. The arbitrator(s)will detennine whether or not <br /> an issue is arbitratable and will give effect to the statutes of limitation in <br /> determining any claim.In any arbitration proceeding the arbitrator(s)will <br /> decide (by documents only ar with a hearing at the discre6on ofthe <br /> arbitrator(s))any pre-hearing morions which are similar to motions to <br /> dismiss for failure to state a claim or motions for summary adjudication. <br /> 9 <br /> ATTY/AGR/2016.186/WELLS FARGO BANKING AGREEMENT <br />
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