Common use of Interim Report Clause in Contracts

Interim Report. 1. Unless the Parties otherwise agree, the arbitration panel shall, within 90 days of the date of the establishment of the arbitration panel, issue to the Parties an interim report containing the descriptive parts, the findings and determinations, and, if applicable, any recommendations as to: (a) whether the measure at issue is inconsistent with the obligations of this Agreement; or (b) whether a Party has otherwise failed to carry out its obligations under this Agreement, as well as the applicability of the relevant provisions and the basic rationale behind any findings. 2. Where the arbitration panel considers that the deadline for interim report cannot be met, it may extend the period with the consent of the Parties with the written notification stating the reasons for the delay and the date on which the panel plans to issue its interim report. Under no circumstances should the interim report be issued later than 120 days after the date of the establishment of the arbitration panel. 3. Either Party may submit written comments to the arbitration panel on its interim report within 15 days of the issuance of the report. After considering any written comments by the Parties on the interim report, the arbitration panel may modify its report and make any further examination it considers appropriate.

Interim Report. 1. Unless the Parties otherwise agree, the arbitration panel shall, within 90 days of from the date of the establishment of the arbitration panel, issue to the Parties an interim report containing the descriptive parts, the findings and determinations, and, if applicable, any recommendations as to: (a) whether the measure at issue is inconsistent with the obligations of this Agreement; or (b) whether a Party has otherwise failed to carry out its obligations under this Agreement, as well as the applicability of the relevant provisions and the basic rationale behind any findings. 2. Where the arbitration panel considers that the deadline for interim report cannot be met, it may extend the period with the consent of the Parties with the written notification stating the reasons for the delay and the date on which the panel plans to issue its interim report. Under no circumstances should the interim report be issued later than 120 days after the date of the establishment of the arbitration panel. 3. Either Party may submit written comments to the arbitration panel on its interim report within 15 days of from the issuance of the report. After considering any written comments by the Parties on the interim report, the arbitration panel may modify its report and make any further examination it considers appropriate.