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Agmt04 Recycled Water (PVG Mana
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Agmt04 Recycled Water (PVG Mana
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Last modified
10/24/2017 9:28:59 AM
Creation date
8/12/2004 10:11:43 AM
Metadata
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Template:
Agreement
Contractor Name
Recycled Water (PVG Management)
PROJECT NAME
production & delivery / sublease
RMP File Number
802
Date
7/27/2004
MO Ref
04-152 04-93
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<br /> ..,.... <br /> three (3) business days following the appointment of the third (3rd) arbitrator, each Party <br /> shall submit to the arbitrators its best estimate of the correct solution to the dispute l,Inder <br /> submission (the "Estimated Determination"). The determination of the arbitrators shall be <br /> limited solely to the issue of whether landlord's or Tenant's Estimated Determination of the <br /> dispute under arbitration is closer to the arbitrators' independent determination of the <br /> dispute, taking into account any definitions or other sections of the lease which may be <br /> applicable to the dispute. The three (3) arbitrators shall within thirty (30) days of the <br /> appointment of the third (3rd) reach a decision as to whether the Parties shall use <br /> landlord's or Tenant's Estimated Determination and shall notify landlord and Tenant <br /> thereof. The decision of the majority of the three (3) arbitrators shall be binding upon <br /> landlord and Tenant. <br /> 10.1.2 Failure to Agree. If either landlord or Tenant fails to appoint an <br /> arbitrator within fifteen (15) days after the Outside Agreement Date, or if the two (2) <br /> arbitrators fail to agree upon and appoint a third (3rd) arbitrator, both arbitrators shall be <br /> dismissed; and the matter to be decided shall be forthwith submitted to arbitration under <br /> the current rules of the American Arbitration Association, but subject to any definitions or <br /> sections of the lease which may be applicable to the dispute under submission. <br /> 10.1.3 Payment. The losing Party shall pay to the prevailing Party the <br /> amount of the final arbitration award. If payment is not made within ten (10) business days <br /> after the date the arbitration award is no longer appealable, then in addition to any <br /> remedies under the law, if landlord is the prevailing Party, it shall have the same remedies <br /> for failure to pay the arbitration award as it has for Tenant's failure to pay Rent; and if <br /> Tenant is the prevailing Party, it may deduct any remaining award from its mònthly <br /> payment of Rent or other charges. <br /> 10.1.4 Disputes Subject to Arbitration. The following disputes are subject <br /> to arbitration: <br /> (a) any disputes that the Parties agree to submit to arbitration; <br /> (b) the date when landlord's work in the Premises is substantially <br /> completed under the Work letter Agreement, if any; <br /> (c) the amount of any abatement of Rent because of damage or <br /> condemnation; <br /> (d) which Party must comply with applicable laws; <br /> (e) whether the utilities are being provided in the quality and <br /> 42 <br /> , T' '1'" -" <br />
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