Common use of Suspension and Termination of Proceedings Clause in Contracts

Suspension and Termination of Proceedings. 1. The arbitration panel may, at the written request of the disputing Parties, suspend its work at any time for a period not exceeding twelve (12) months. Once the period of twelve (12) months has been exceeded, the authority for the establishment of the arbitration panel will lapse. 2. The disputing Parties may agree to terminate the proceedings of an arbitration panel at any time before the issuance of the award by jointly notifying the Chairperson of the arbitration panel.

Suspension and Termination of Proceedings. 1. The arbitration panel may, at the written request of the disputing Parties, suspend its work at any time for a period not exceeding twelve (12) months. Once the period of twelve (12) months has been exceeded, the authority for the establishment of the arbitration panel will lapse. 2. The disputing Parties may agree to terminate the proceedings of an arbitration panel at any time before the issuance of the award by jointly notifying the Chairperson of the arbitration panel.

Suspension and Termination of Proceedings. 1. The arbitration panel may, at Parties may agree to suspend the written request work of the disputing Parties, suspend its work arbitral panel at any time for a period not exceeding twelve (12) months12 months from the date of such agreement. Once If the period work of twelve (12) months the arbitral panel has been exceededsuspended for more than 12 months, the authority for the establishment of the arbitration arbitral panel will lapseshal lapse unless the Parties agree otherwise. 2. The disputing Parties may agree to terminate the proceedings of before an arbitration arbitral panel at any time before the issuance of the award by jointly notifying the Chairperson chair of the arbitration panelarbitral panel to this effect.