Common use of Suspension and Termination of Proceedings Clause in Contracts

Suspension and Termination of Proceedings. Where the Parties agree, the arbitral tribunal may suspend its work at any time for a period not to exceed 12 months. In the event of such a suspension, the time-frames set out in paragraphs 7 and 8 of Article 112 and paragraph 9 of Article 114 shall be extended by the amount of time that the work was suspended. The proceedings of the arbitral tribunal shall be resumed at any time upon the request of either Party. If the work of the arbitral tribunal has been suspended for more than 12 months, the authority for establishment of the arbitral tribunal shall lapse unless the Parties agree otherwise.

Suspension and Termination of Proceedings. Where the Parties agree, the arbitral tribunal may suspend its work at any time for a period not to exceed exceeding 12 months. In months from the event date of such a suspension, the time-frames set out in paragraphs 7 and 8 of Article 112 and paragraph 9 of Article 114 shall be extended by the amount of time that the work was suspended. The proceedings of the arbitral tribunal shall be resumed at any time upon the request of either Partyagreement. If the work of the arbitral tribunal has been suspended for more than 12 months, the authority for establishment of the arbitral tribunal shall lapse unless the Parties agree otherwise.

Suspension and Termination of Proceedings. Where the Parties Countries agree, the arbitral tribunal may suspend its work at any time for a period not to exceed 12 months. In the event of such a suspension, the time-frames set out in paragraphs 7 and 8 of Article 112 150 and paragraph 9 8 of Article 114 152 shall be extended by the amount of time that the work was suspended. The proceedings of the arbitral tribunal shall be resumed at any time upon the request of either PartyCountry. If the work of the arbitral tribunal has been suspended for more than 12 months, the authority for establishment of the arbitral tribunal shall lapse unless the Parties Countries agree otherwise.

Suspension and Termination of Proceedings. Where the 1. The Parties agree, the arbitral tribunal may agree to suspend its work at any time for a period not to exceed 12 months. In the event of such a suspension, the time-frames set out in paragraphs 7 and 8 of Article 112 and paragraph 9 of Article 114 shall be extended by the amount of time that the work was suspended. The proceedings of the arbitral tribunal shall be resumed at any time upon during the request of either Partyproceedings for up to twelve (12) months following the date 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 lapse, 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 a new proceeding concerning the same matter. 2. The Parties may terminate the arbitral tribunal proceedings at any time prior to the rendering of the award by means of a joint communication addressed to the chairman of the arbitral tribunal.