Tor Karlsvalt has declared as the only candidate for Chancellor, however
CDSL 13 - 05 states:
Chancellors are elected for a 6-month term and can hold at most two terms in succession.
CDSK 13-04 states:
The Chancellor will serve a term ending with the election of the next Chancellor.
Some years ago term limits were removed from RA seats, but not from the position of Chancellor.
Technically Tor cannot stand as a candidate for Chancellor, but if no one else stands for office, Tor remains chancellor until such time as someone does. His declaration indicates that he is willing to continue as per the law and if no other candidate comes forward, Tor will remain Chancellor until such time as a byelection can be held.