Initial Term of Agreement. This Agreement shall start on the Effective Date January 1, 2019 and shall continue in effect for an initial term of ten (10) years, ending on December 31st, 2028 (the “Initial Term”) and then may be renewed for successive five (5)-year terms (each a “Renewal Term”) upon agreement between the Parties, subject to Sections 4.3 and 6.1 of this Agreement.
Initial Term of Agreement. This Agreement shall enter into force upon signature by at least two Contracting Parties from IEA Member countries and shall remain in force for an initial period of five years.
Initial Term of Agreement. The Company hereby employs Employee, and Employee hereby accepts such employment and agrees to serve the Company, as its Chief Executive Officer, for an initial term from May 20, 2003, through June 1, 2006.
Initial Term of Agreement. The “Initial Term” of this Agreement shall commence on the Effective Date and shall expire on the fifth (5th) anniversary of the Effective Date, unless earlier terminated in accordance with Section 11.3 below.
Initial Term of Agreement. The “Initial Term” of this Agreement shall be 10 years, commencing on the Effective Date and expiring on the 10th anniversary thereof, unless this Agreement is otherwise terminated or extended in accordance with the provisions of this Agreement.
Initial Term of Agreement. The “Initial Term" of this Agreement shall commence on the Effective Date and shall expire on the earliest of (a) the ninth (9th) anniversary of the Effective Date, or (b) earlier termination of this Agreement in accordance with its terms. The Initial Term has been established by the Parties as a reasonable estimate of the time required to carry out and develop the Project and obtain the public benefits of the Project.
Initial Term of Agreement. The initial term of this Agreement shall be for ten (10) years beginning on the Effective Date.
Initial Term of Agreement. The term (“Term”) of this Development Agreement shall commence upon the Effective Date and shall continue in full force and effect for twenty (20) years thereafter unless extended or earlier terminated as provided herein.
Initial Term of Agreement. The term of this Agreement runs for twenty (20) “years” (240 full calendar months) plus, if the In-Service Date is not on the first day of a calendar month, the number of days left in that partial calendar month. We refer to this period as the Initial Term. The Initial Term begins on the In-Service Date. If the In-Service Date is any day other than the 1st day of a calendar month, the resulting partial month is included with the subsequent 12 full calendar months in the first year of the Initial Term. Each subsequent year of the Initial Term begins on the first day of the calendar month immediately after the anniversary date of the In-Service Date. The Initial Term is subject to possible renewal for up to five (5) one-year renewal terms, as described in Section 8(a) below.
Initial Term of Agreement. This Agreement shall commence on the date of the last party’s execution hereof, and shall terminate on September 30, 2024, unless it is renewed as set forth herein.
