Common use of Arbitral Tribunal Clause in Contracts

Arbitral Tribunal. There shall be three arbitrators. One arbitrator will be nominated by Purchaser and one arbitrator will be nominated jointly by the Selling Shareholders who are parties to the arbitration. The third arbitrator, who shall be the chair of the arbitral tribunal, will be nominated by the arbitrators appointed by Purchaser and the Selling Shareholders within thirty (30) days of the confirmation of the appointment of the second arbitrator, in each case in accordance with the ICC Rules. Subject to any extension that may be granted by the ICC Court of Arbitration ("ICC Court"), if any arbitrator is not timely nominated, such arbitrator shall be appointed by the ICC Court in accordance with the ICC Rules.

Arbitral Tribunal. There shall be three arbitrators. One arbitrator will be nominated by Purchaser AriaWest and one arbitrator will be nominated jointly by the Selling Shareholders who are parties to the arbitrationTelkom. The third arbitrator, who shall be the chair of the arbitral tribunal, will be nominated by the arbitrators appointed by Purchaser AriaWest and the Selling Shareholders Telkom within thirty (30) days of the confirmation of the appointment of the second arbitrator, in each case in accordance with the ICC Rules. Subject to any extension that may be agreed to by the parties or granted by the ICC International Court of Arbitration of the ICC (the "ICC Court"), if any arbitrator is not timely nominated, such arbitrator shall be appointed by the ICC Court in accordance with the ICC Rules.