Common use of Suspension and Termination of Proceedings Clause in Contracts

Suspension and Termination of Proceedings. 1. Where the Parties agree, the arbitral tribunal may suspend its work at any time for a period not exceeding 12 months from the date of such agreement. If the work of the arbitral tribunal has been suspended for more than 12 months, the authority for establishment of the tribunal shall lapse unless the Parties agree otherwise. 2. The Parties may agree to terminate the proceedings of an arbitral tribunal established under this Agreement, in the event that a mutually satisfactory solution to the dispute has been found. 3. Before the arbitral tribunal makes its decision, it may at any stage of the proceedings propose to the Parties that the dispute be settled amicably.

Suspension and Termination of Proceedings. 1. Where the The Parties agree, may agree that the arbitral tribunal may suspend its work at any time for a period not exceeding 12 months from the date of such agreement. Within this period, the suspended arbitral proceeding shall be resumed upon the request of either Party. If the work of the arbitral tribunal has been continuously suspended for more than 12 months, the authority for establishment of the arbitral tribunal shall lapse unless the Parties agree otherwise. 2. The Parties may agree to terminate the proceedings of an arbitral tribunal established under this Agreement, in the event that a mutually satisfactory solution to the dispute has been found. 3. Before the arbitral tribunal makes presents its decisionfinal report, it may at any stage of the proceedings propose to the Parties that the dispute be settled amicably.

Suspension and Termination of Proceedings. 1. Where the Parties agree, the arbitral tribunal may suspend its work at any time for a period not exceeding 12 months from the date of such agreement. If the work of the arbitral tribunal has been suspended for more than 12 months, the authority for establishment of the tribunal shall lapse unless the Parties agree otherwise. 2. The Parties may agree to terminate the proceedings of before an arbitral tribunal established under this Agreement, in Agreement at any time by jointly notifying the event that a mutually satisfactory solution Chair of the arbitral tribunal to the dispute has been foundthis effect. 3. Before the arbitral tribunal makes its decision, it may at any stage of the proceedings propose to the Parties that the dispute be settled amicably.

Suspension and Termination of Proceedings. 1. Where The Parties may agree to suspend the Parties agree, work of the arbitral tribunal may suspend its work at any time during the proceedings for a period not exceeding 12 up to twelve (12) months from following the date of on which they reach such agreement. If the work of the arbitral tribunal has been remains suspended for more than 12 twelve (12) months, the authority for establishment terms of reference of the arbitral tribunal shall lapse terminate, unless the Parties agree otherwise. If the terms of reference of the arbitral tribunal have lapsed and the Parties have not reached a settlement of the dispute, nothing in this Article shall prevent a Party from initiating new proceedings concerning the same subject matter. 2. The Parties may agree to terminate the proceedings of an arbitral tribunal established under this Agreement, in the event that a mutually satisfactory solution to the dispute has been found. 3. Before the arbitral tribunal makes its decision, it may proceedings at any stage time prior to the rendering of the proceedings propose award by a joint communication addressed to the Parties that the dispute be settled amicablypresiding arbitrator.