Common use of Arbitration Proceeding Clause in Contracts

Arbitration Proceeding. The arbitration proceeding shall be conducted, and the award shall be issued in Mexico City, Federal District, United Mexican States, in the Spanish language. The arbitration proceeding shall be conducted before three neutral arbitrators, in accordance with the provisions hereinbelow contained. The Strategic Partner and the Partners of the Strategic Partner shall appoint an arbitrator by mutual agreement and the Airport Group shall appoint another one within 15 (fifteen) days following the date on which an Arbitration Request is made, provided that all the arbitrators shall be of Mexican nationality. The two appointed arbitrators shall jointly appoint by mutual agreement the third arbitrator within a term not to exceed 15 (fifteen) days following the appointment of the last of the first two arbitrators. The arbitrators shall appoint, from among themselves, the arbitrator who shall act as chairman of the arbitration court, within 5 (five) days following the date of the last of their appointments. If any designation of the arbitrators is not made within the terms herein set forth, ICC shall make such designation upon request by any party. The arbitrators must be capable of reading, writing and fluently speaking both English and Spanish, and must be experts in the matter in question. Hearings shall be carried out no later than within 20 (twenty) business days, and the award must be issued no later than within 60 (sixty) business days, following the appointment of the third arbitrator.

Arbitration Proceeding. The arbitration proceeding shall be conductedcarried out, and the award shall be issued in Mexico City, Federal District, United Mexican States, in the Spanish language. The arbitration proceeding shall be conducted before three neutral arbitrators, in accordance with the provisions hereinbelow containedpursuant to that which is set forth below. The Strategic Partner Holder shall appoint one arbitrator and the Partners of the Strategic Partner shall appoint an arbitrator by mutual agreement and the Airport Group Issuing Company shall appoint another one arbitrator within 15 (fifteen) days following the date on which of an Arbitration Request is madeRequest, provided in the understanding that all the arbitrators shall be of Mexican nationalitya different nationality to the Holder and the Issuing Company. The two appointed arbitrators shall jointly appoint by mutual agreement the third arbitrator within by common agreement in a term not to exceed 15 (fifteen) days following the appointment designation of the last of the first two arbitrators. The arbitrators shall appoint, appoint from among themselves, them the arbitrator who shall act as chairman of the arbitration court, within 5 (five) days following the date of the last of their such appointments. If any designation appointment of the arbitrators is not made within the terms herein set forth, the ICC shall make such designation appointment upon request by of any partyof the parties. The arbitrators must be capable of readingable to read, writing write and fluently speaking speak both the English and SpanishSpanish languages, and must be experts in the matter in question. Hearings The hearings shall be carried out no later than within 20 (twenty) business days, days and the award must be issued no later than within 60 (sixty) business days, following after the date of appointment of the third arbitrator.

Arbitration Proceeding. The arbitration proceeding shall be conducted, and the award shall be issued in Mexico City, Federal District, United Mexican States, in the Spanish language. The arbitration proceeding shall be conducted before three neutral arbitrators, in accordance with the provisions hereinbelow contained. The Strategic Partner and the Partners of the Strategic Partner shall appoint an arbitrator by mutual agreement and the Airport Group shall appoint another one within 15 (fifteen) days following the date on which an Arbitration Request is made, provided that all the arbitrators shall be of Mexican nationalitya different nationality from that of the Airport Group, the Strategic Partner and the Partners of the Strategic Partner. The two appointed arbitrators shall jointly appoint by mutual agreement the third arbitrator within a term not to exceed 15 (fifteen) days following the appointment of the last of the first two arbitrators. The arbitrators shall appoint, from among themselves, the arbitrator who shall act as chairman of the arbitration court, within 5 (five) days following the date of the last of their appointments. If any designation of the arbitrators is not made within the terms herein set forth, ICC shall make such designation upon request by any party. The arbitrators must be capable of reading, writing and fluently speaking both English and Spanish, and must be experts in the matter in question. Hearings shall be carried out no later than within 20 (twenty) business days, and the award must be issued no later than within 60 (sixty) business days, following the appointment of the third arbitrator.