Common use of Composition of Arbitral Panels Clause in Contracts

Composition of Arbitral Panels. 1. The arbitral panel referred to in Article 15.6 (Request for an Arbitral Panel) shall consist of three (3) members. 2. Each Party shall appoint a member within thirty (30) days of the receipt of the request under Article 15.6 (Request for an Arbitral Panel). 3. If a Party fails to make such an appointment (hereinafter referred to as "the defaulting Party") within such period:

Composition of Arbitral Panels. 1. The arbitral panel referred to in Article 15.6 (Request for an Arbitral Panel) shall shal consist of three (3) members. 2. Each Party shall shal appoint a member panelist within thirty (30) 30 days of the receipt of the request under Article 15.6 (Request for an Arbitral Panel)15.6.1, and the Parties shal within 30 days of the appointment of the second of them, designate by common agreement the third panelist who shal chair the arbitral panel. 3. If The chair shal not be a national of either Party fails to make such an appointment (hereinafter referred to as "and shal not have his or her usual place of residence in the defaulting territory of either Party") within such period:.