Duration; Expiration Clause Samples
The 'Duration; Expiration' clause defines the length of time an agreement remains in effect and specifies when it will end. Typically, this clause outlines a fixed term—such as one year from the effective date—or sets conditions under which the agreement will automatically expire, like upon completion of a project or delivery of services. By clearly stating the start and end points of contractual obligations, this clause ensures both parties understand the timeframe of their commitments and helps prevent disputes over when responsibilities begin and end.
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Duration; Expiration. The initial term for this AGREEMENT shall be in effect for two (2) years from the date of execution by the PARTIES. LANDOWNER shall submit a complete application for site development permit within twelve (12) months of the EFFECTIVE DATE of this AGREEMENT, with no gap exceeding twelve (12) months between development permits in a series of permits. All permit expiration time periods of the UDC shall apply. Any permitted development provided for by this AGREEMENT must commence within two (2) years from the EFFECTIVE DATE of this AGREEMENT, and be completed within established expirations and dormancy restrictions for all applicable permits. Failure to complete the project within the time period provided in this paragraph waives all rights granted to the LANDOWNER, but does not affect LANDOWNER obligations hereunder, which remain in effect until completed in due course or 45 years, whichever is later. Otherwise all terms agreed in writing, all covenants, promises, agreements, provisions, terms, restrictions, and prohibitions in effect during the initial term shall remain in full force and effect during the current and any successive term. LANDOWNER’s obligations to comply with the terms of this agreement survive annexation until the uses and development shown as Existing Uses are complete and survive to bind LANDOWNER’s successors, heirs or assigns as to all terms, including the irrevocable agreement for voluntary annexation of the PROPERTY with this AGREEMENT serving as a petition for voluntary annexation.
Duration; Expiration. The Capital Expense Rate shall continue until the cost difference between (a) the actual sum of Pure Water Program Capital Improvement Costs and associated debt attributable to the Metro System under Section 6.8 and/or the costs to upgrade the PLWTP and (b) $1.8 billion (as adjusted for inflation), has been fully paid, or the Agreement expires, whichever is sooner. Notwithstanding, it is the express intent and desire of the City and the Participating Agencies that if the Agreement expires before the cost difference has been paid through the Capital Expense Rate, that the Capital Expense Rate continue in any extension of this Agreement negotiated by the Parties pursuant to Section 14.2 [Expiration] until the cost difference has been fully paid.
Duration; Expiration. Renewal - Revocation/Suspension/Activation - Secret Identification Number - Agreement Termination
3.1 The agreement shall have a duration equal to the duration of the certificates of the type Smart-SignTM (double key) - 1st Class issued to the subscriber, which is one (1) year from the issue date and ending on the expiry date of these certificates indicated on them. The obligations of both parties hereunder, under the Regulation and the relevant Policy of ATHEX shall following the expiration or revocation of the certificates, continue to bind the respective parties.
3.2 Renewal of the certificates implies the issuance of new keys and certificates (on a new customized carrier) to the subscriber. ATHEX, maintaining the initiative to propose the renewal or not of its certificates to the subscriber (after consultation with the relevant LSA) shall inform the subscriber at least 20 days prior to the expiration of the certificates by sending the relevant renewal application for him to sign.
3.3 In case of violation of the terms of this agreement or the Regulation or the relevant Policy of ATHEX by the subscriber or in any other case provided for in the Regulation and the relevant Policy, ATHEX may revoke or suspend the certificates of the subscriber (done by entering the serial identification number of these certificates in the published Certificate Revocation List (hereinafter CRL)), informing the subscriber about it. Also, the revocation or suspension of the specific certificates shall be performed by ATHEX also when the latter is informed by any appropriate means that the subscriber has no longer real, legal and exclusive control of the private keys or their physical carrier.
3.4 Upon expiry or revocation of the certificates of the subscriber, he may not make any use of the carrier and the associated encryption keys and certificates, and must return the carrier to LSA to which it belongs or as otherwise established, if request to do so.
3.5 The revocation or suspension of the certificates can and should be requested by the subscriber himself (for his own protection) in the event of exposure of the keys or the PIN of their carrier to third parties or following loss of their carrier, at which time ATHEX shall, after verifying the origin of the
3.6 In order to verify the origin of the request for cancellation (temporary or permanent) or activation of the certificates of the subscribers by the Certificate Revocation Management Authority (CRMA) of the DCS Network o...
Duration; Expiration. This Agreement, unless earlier terminated, will remain in effect and will not expire until performance of the last act that is to be or may be performed hereunder by any party hereto or, if later, expiration of the Acquisition Agreement.
Duration; Expiration. The initial term for this AGREEMENT shall be seven (7) years from the EFFECTIVE DATE. After the initial term of this AGREEMENT, the term of this AGREEMENT will be extended for an additional eight (8) years, so long as any permitted development provided for by this AGREEMENT is has occurred during the initial seven- year term. All terms of this AGREEMENT in effect during the initial term shall remain in full force and effect during the any successive term. The LANDOWNERS’ obligations to comply with the terms of this AGREEMENT survive annexation until the uses and on-site improvements provided by this AGREEMENT are complete and survive to bind the LANDOWNERS’ successors and assigns as to all terms, including the irrevocable agreement for voluntary annexation of the PROPERTY with this AGREEMENT serving as a petition for voluntary annexation.
Duration; Expiration. The duration and expiration of the Capital Expense Rate is set forth in Section 13.4 of the Agreement.