That means the IMF can accept only an agreement in which the math works, which hasn't always been a given. (canadianbusiness.com)
An arbitration clause in a construction contract can take many forms, from a simple statement that the parties agree to refer any dispute arising between them to arbitration, to a detailed clause containing not only the agreement of the parties to arbitrate disputes, but also setting out how the arbitrator is to be appointed and the procedures to be used by the parties in the process. (tdslaw.com)
The new settlement is still only an agreement between parties and must be approved by Manhattan federal Judge William Pauley to go into effect. (nypost.com)