Common use of Expedited Proceedings Clause in Contracts

Expedited Proceedings. Unless the Arbitration Parties agree otherwise, the Arbitral Tribunal shall endeavor to issue its final award within nine (9) months from the date that the Arbitral Tribunal is constituted. Any time limit set by the Rules, the Administrator or the Arbitral Tribunal shall be extended only for extraordinary reasons (as determined in the sole discretion of the Arbitral Tribunal), unless otherwise agreed by the Arbitration Parties.

Expedited Proceedings. Unless the Arbitration Parties agree otherwise, the Arbitral Tribunal shall endeavor to issue its final award within nine (9) months from the date that the Arbitral Tribunal is constituted. Any time limit set by the Rules, the Administrator or the Arbitral Tribunal shall be extended only for extraordinary reasons (as determined in the sole discretion of the Arbitral Tribunal), unless otherwise agreed by the Arbitration Parties.