Common use of Effective date etc Clause in Contracts

Effective date etc. This Agreement governs the balance responsibility from 6am on April 1, 2019 and is valid until further notice. The Agreement can be terminated by either party with at least three (3) months notice and in case of such a termination the agreement will terminate on the last day of the month after the end of the notice period. Termination must be made in writing to be valid. In case of an adjustment or amendment of the Annexes by Swedegas, the Balance Administrator is entitled to terminate the Agreement with effect on the date on which the amendment/adjustment comes into effect. However, such a termination is always subject to a period of notice of at least one (1) month. In order to be valid, such a termination must also be made within one (1) month of the Balance Administrator’s receipt of notice of the amendment/adjustment. Subject to the conditions set forth in Annex 2, Swedegas can also terminate the Agreement with immediate effect. The payment obligations of the Balance Administrator under section 6 above applies until all gas trading and all charges according to the Agreement have been settled financially.

Effective date etc. This Agreement governs the balance responsibility from 6am 06.00 on April December 1, 2019 2023 and is valid until further notice. The Agreement can be terminated by either party with at least three (3) months notice and in case of such a termination the agreement will terminate on the last day of the month after the end of the notice period. Termination must be made in writing to be valid. In case of an adjustment or amendment of the Annexes by Swedegas, the Balance Administrator is entitled to terminate the Agreement with effect on the date on which the amendment/adjustment comes into effect. However, such a termination is always subject to a period of notice of at least one (1) month. In order to be valid, such a termination must also be made within one (1) month of the Balance Administrator’s receipt of notice of the amendment/adjustment. Subject to the conditions set forth in Annex 2, Swedegas can also terminate the Agreement with immediate effect. The payment obligations of the Balance Administrator under section 6 above applies until all gas trading and all charges according to the Agreement have been settled financially.