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5.29.81 <br />' C169-020 <br />of liability arising or alleged to have arisen out of any <br />act or omission of Grantee in the construction of the Storm. <br />Drain hereunder and to indemnify and hold free and harmless <br />Grantor from any and all loss, damages, liability, costs or <br />expenses, including attorneys' fees, and all other sums <br />which Grantor may reasonably pay or become obligated to pay <br />on account of any such demand, claim., cause of action or <br />assertion of liability. <br />ARTICLE VI <br />ARBITRATION <br />In the event of any dispute as to the interpreta- <br />tion, application or enforcement of any provision of this <br />Agreement, the same shall be submitted by the parties hereto <br />to arbitration. One arbitrator shall be selected by each <br />party, and if only tWo parties are engaged in the dispute, <br />then a third arbitrator shall be selected by the first two <br />arbitrators appointed by the parties. The three arbitrators <br />thus selected shall proceed to decide any such dispute as <br />quickly as is reasonably possible, and a decision of the <br />arbitrators or a majority of them upon any such question <br />shall be final, conclusive and binding upon all parties, <br />their successors and assigns. In the event the arbitrators <br />find a violation of any provision of this Agreement-and the <br />defaulting party fails to promptly cure or comply with such <br />finding, then the prevailing party may pursue any appro- <br />priate remedy to enforce such finding. Arbitration shall be <br />-6- <br />