Common use of TERMINATION OF PROCEDURE Clause in Contracts

TERMINATION OF PROCEDURE. The Disputing Partners agree to participate in the mediation procedure to its conclusion. The mediation shall be terminated (1) by the execution of a settlement agreement by the Disputing Partners, (2) by a declaration of the mediator that the mediation is terminated, or (3) by a written declaration of a Disputing Partner to the effect that the mediation process is terminated at the conclusion of one full day's mediation session. Even if the mediation is terminated without a resolution of the Dispute, the Disputing Partners agree not to terminate negotiations and not to commence any Additional Proceedings prior to the expiration of five (5) days following the mediation. Notwithstanding the

TERMINATION OF PROCEDURE. (a) The Disputing Partners Members agree to participate in the mediation procedure to its conclusion. The mediation shall will be terminated by: (1i) by the execution of executing a settlement agreement by the Disputing Partners, Members; (2ii) by a declaration of all Disputing Members declaring to the mediator that the mediation is terminated, or ; or (3iii) by a written declaration of a Disputing Partner to the effect Member declaring in writing that the mediation process is terminated at the conclusion of when one full day's mediation session. session is concluded. (b) Even if the mediation is terminated without a resolution of the Dispute, the Disputing Partners Members agree not to terminate negotiations and not to commence any Additional Proceedings prior to the expiration of before five (5) days following the mediation. Notwithstanding themediation expire.