Common use of EFFECTIVE DATE; DURATION; TERMINATION Clause in Contracts

EFFECTIVE DATE; DURATION; TERMINATION. 1. This Contract shall come into effect after both Parties have signed it ("Effective date"), and shall Initially remain in effect until December 31st, 2010 ("Expiration Date. This Contract shall be extended upon expiration for another calendar year unless DISTRIBUTOR does not meet the minimum distribution goals (500KW) as defined in DISTRIBUTOR'S Warranties in Clause XI Warranties, or the two parties cannot agree on the minimum distribution goals for the next year, or previously terminated by either party for any other reason upon not less than thirty (30) calendar days prior written notice to the other party, or the Parties agree on an extension prior to the Expiration Date.

Appears in 2 contracts

Samples: Distribution Contract (Sunvalley Solar, Inc.), Distribution Contract (Sunvalley Solar, Inc.)

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EFFECTIVE DATE; DURATION; TERMINATION. (1. ) This Contract shall come into effect after both Parties have signed it ("Effective date"), and shall Initially initially remain in effect until December December. 31st, 2010 2009 ("Expiration Date. This Contract shall be extended upon expiration for another calendar year unless DISTRIBUTOR does not meet the minimum distribution goals (500KW) as defined in DISTRIBUTOR'S Warranties in Clause XI WarrantiesExhibit II ("Minimum Turnover"), or the two parties cannot agree on the minimum distribution goals for the next year, or previously terminated by either party for any other reason upon not less than thirty (30) calendar days prior written notice to the other party, with a six (6) month probation, or the Parties agree on an extension prior to the Expiration Date.

Appears in 2 contracts

Samples: Territory Distribution Contract (Sunvalley Solar, Inc.), Territory Distribution Contract (Sunvalley Solar, Inc.)

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EFFECTIVE DATE; DURATION; TERMINATION. 1. This Contract shall come into effect after both Parties have signed it ("Effective date"), and shall Initially initially remain in effect until December 31st31 st, 2010 ("Expiration Date. This Contract shall be extended upon expiration for another calendar year unless DISTRIBUTOR does not meet the minimum distribution goals (500KW) as defined in DISTRIBUTOR'S Warranties in Clause XI Warranties, or the two parties cancan not agree on the minimum distribution goals for the next year, or previously terminated by either eilher party for any other reason upon not less than thirty (30) calendar days prior written notice to the other party, or the Parties agree on an extension prior to the Expiration Date.

Appears in 1 contract

Samples: Distribution Contract (Sunvalley Solar, Inc.)

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