Co-Termination Sample Clauses
The Co-Termination clause establishes that multiple agreements or services under a contract will share the same end date, regardless of when each individual component was added. In practice, this means that if a customer adds new services or products during the term of an existing agreement, the expiration date for these additions will align with the original contract’s end date rather than starting a new, separate term. This approach simplifies contract management by consolidating renewal and termination dates, reducing administrative complexity and ensuring all services can be reviewed or renegotiated simultaneously.
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Co-Termination. If the Subscriber acquires supplementary subscriptions to additional Services, whether in conjunction with the purchase of additional Equipment or the renewal of subscription Services for existing purchased Equipment or for additional Chartered Equipment, the collective Term shall be adjusted accordingly and made co- terminus to result in the expiration and/or termination of all subscriptions acquired by the Subscriber on a unified date stated as set out in the quotation and/or associated Order.
Co-Termination. Without prejudice to the provisions of the OSA, the Parties hereby agree that:
(a) if this Charter terminates or is terminated by either Party for any reason whatsoever, then:
(i) Owner shall procure that Contractor terminates the OSA; and
(ii) (unless Contractor has already terminated) Charterer shall terminate (or shall procure that the Customer terminates) the OSA, in each case, with effect on the same date as this Charter so terminates; and
(b) if the OSA terminates for any reason whatsoever, then this Charter shall automatically terminate on the same date as the OSA so terminates.
Co-Termination. Without further action by either Party, this Agreement shall automatically terminate effective immediately upon the termination of the Development and License Agreement in its entirety, subject to the provisions that expressly survive the termination thereof.
Co-Termination. In the event that Purchaser shall elect to join additional purchasers as parties to this Agreement as contemplated in Section 2.10 above, then and in such event the exercise by one or more of such purchasing entities of its right to terminate this Agreement in terms of this Section shall be deemed to constitute a termination by all four purchasing entities, unless specifically agreed to the contrary by Vendors.