Common use of WITHDRAWAL FROM ARBITRATION Clause in Contracts

WITHDRAWAL FROM ARBITRATION. (a) No Party may terminate or withdraw from an Arbitration after the issuance of the Commencement Letter (see Rule 5), except by written agreement of all Parties to the Arbitration. (b) A Party that asserts a claim or counterclaim may unilaterally withdraw that claim or counterclaim without prejudice by serving written notice on the other Parties and the Arbitrator. However, the opposing Parties may, within seven (7) calendar days of such notice, request that the Arbitrator condition the withdrawal upon such terms as he or she may direct.

WITHDRAWAL FROM ARBITRATION. (a) No Party party may terminate or withdraw from an Arbitration arbitration after the issuance appointment of the Commencement Letter (see Rule 5), arbitrator except by written agreement of all Parties parties to the Arbitration. (b) arbitration. A Party party that asserts a claim or counterclaim may unilaterally withdraw that claim or counterclaim without prejudice by serving written notice on the other Parties and on the Arbitrator. However, the opposing Parties may, within seven fifteen (715) calendar days of such noticeservice of notice of the withdrawal of the claim or counterclaim, request that the Arbitrator condition order that the withdrawal upon such terms as he or she may directbe with prejudice.