Effective Date Term Termination Clause Samples
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Effective Date Term Termination. A. This Agreement is effective as of the Effective Date first herein written and shall continue in full force and effect for as long as the Roadway remains on the Railroad’s property.
B. The Railroad, if it so elects, may terminate this Agreement effective upon delivery of written notice to the Political Body in the event the Political Body does not commence construction on the portion of the Project located on the Railroad’s property within twelve (12) months from the Effective Date.
C. If the Agreement is terminated as provided above, or for any other reason, the Political Body shall pay to the Railroad all actual costs incurred by the Railroad in connection with the Project up to the date of termination, including, without limitation, all actual costs incurred by the Railroad in connection with reviewing any preliminary or final Project Plans.
Effective Date Term Termination. 11.1 This Agreement shall become effective upon the date on which the latter of the Parties has validly executed this Agreement (the “Effective Date”). Both Parties require the signatures of two duly authorized representatives for valid execution hereof. This Agreement shall remain in force until expired or terminated in accordance with the provisions of this Agreement (“Term”).
11.2 Unless earlier terminated as set forth in this Agreement, this Agreement shall continue in effect for a period of twenty (20) years from Effective Date. Subsequent to the 20 year term and provided that Acquirer has duly fulfilled its obligations under this agreement the licenses granted as per Article 3 shall become royalty free and perpetual.
11.3 This Agreement may be prematurely terminated in writing with immediate effect by a Party having such right as herein below provided - and notwithstanding any other rights such Party may have - upon the occurrence of one of the following events:
(i) by either Party in the event that the other Party voluntarily files a petition in bankruptcy or has such a petition involuntarily filed against it (which petition is not discharged within thirty (30) days after filing), or is placed in an insolvency proceeding, or if an order is entered appointing a receiver or trustee or a levy or attachment is made against a substantial portion of its assets which order is not vacated within thirty (30) days from date of entry, or if any assignment for the benefit of its creditors is made;
(ii) by either Party in the event that the other Party has failed in the performance of any material contractual obligation herein contained, provided that such default is not remedied to the first Party’s reasonable satisfaction within sixty (60) days after receipt of written notice by the other Party specifying the nature of such default and requiring remedy of the same and further provided that the first Party has not committed any antecedent breach.
11.4 Acquirer shall procure that all sublicenses granted to Subsidiaries shall automatically terminate with immediate effect upon termination/expiration of this Agreement.
Effective Date Term Termination. 13.1 The Term of this Agreement shall commence on the Effective Date and continue for a period of five (5) years therefrom (the “Initial Term”), unless terminated earlier in accordance with Section 13.2. Upon expiration of the Initial Term, this Agreement will renew automatically for successive one-year periods unless terminated by either party with […***…] written notice prior to the expiration of any such period.
13.2 In addition to the provisions of Section 13.1, and as otherwise set forth in this Agreement, this Agreement may be terminated by either party (a) after the Initial Term with […***…] written notice to the other party, (b) after the material breach of this Agreement by the other party which is not cured within thirty (30) days after the non-breaching party provides the breaching party with written notice of such breach (other than a failure of Jazz to pay LLC for Wafers due to bona fide disputes concerning the acceptance, delivery or quality of any Wafers produced hereunder), (c) upon the filing of a petition by the other party seeking to take advantage of any laws, domestic or foreign, relating to bankruptcy, insolvency, reorganization, winding up or composition for adjustment of debts after thirty (30) days written notice to the other party, (d) after twelve (12) consecutive months in which Jazz does not place an order for Wafers from LLC, (e) upon termination of the Technology License Agreement between Jazz and LLC, or (g) upon termination of the Limited Liability Company Agreement of LLC dated as of the date hereof.
13.3 Upon termination of this Agreement for any reason:
(a) HHNEC shall return Jazz Technology to LLC (other than the information provided in the Technology License and Transfer Agreement entered into by the Parties contemporaneously herewith) pursuant to Section 12.1.
(b) HHNEC shall immediately cease using and remove all Jazz Advanced Technology from the Have Made Licensed Process at HHNEC’s Facility and certify to LLC in writing that Process is no longer in use.
(c) At any time and from time to time during the two (2) year period following the termination of this Agreement and upon ten (10) days prior written notice, HHNEC shall permit LLC to inspect HHNEC’s Facility to insure compliance with the obligations of this Agreement.
13.4 The expiration or termination of this Agreement shall not affect the delivery or payment for Wafers that have been ordered and confirmed prior to such termination.
13.5 The obligations set forth ...
Effective Date Term Termination. This Agreement shall become effective on the date signed by the Investment Manager and shall continue in full force and effect for one (1) year, and year to year thereafter, unless terminated prior to such date in accordance with this Section. This Agreement may be terminated by the Board of Trustees effective immediately upon the Investment Manager’s receipt of written notice of termination, and by the Investment Manager upon sixty (60) days’ advance written notice to the Board of Trustees; provided, however, the Board of Trustees, acting through the Fund’s Executive Director or investment consultant, may verbally direct the Investment Manager, at any time without prior written notice, to cease its management activities with respect to the Sub-Account, which direction shall be confirmed, in writing, as soon as practicable. Upon such termination, fees of the Investment Manager shall be prorated to the date of termination as specified in the notice of termination.
Effective Date Term Termination. This MOU will take effect upon the date of the last signature of the Parties.
Effective Date Term Termination. This Agreement shall become effective on the date signed by the Investment Manager and shall continue in full force and effect for one (1) year, and year to year thereafter, unless terminated prior to such date in accordance with this Section. This Agreement may be terminated by the Board effective immediately upon the Investment Manager’s receipt of written notice of termination, and by the Investment Manager upon ninety (90) days’ advance written notice to the Board; provided, however, the Board, through the Fund’s Chief Investment Officer, may verbally direct the Investment Manager, at any time without prior written notice, to cease its investment management activities with respect to the Sub-Account, which direction shall be confirmed, in writing, as soon as practicable. Upon termination, fees of the Investment Manager shall be prorated to the date of termination as specified in the notice of termination. Sections 4, 7, 22, 24, and 26 of this Agreement shall survive termination and shall remain in full force and effect.
Effective Date Term Termination. This Agreement shall become effective on the date signed by the Investment Consultant and shall continue in full force and effect for five (5) years, unless terminated prior to such date in accordance with this Section. For any reason, the Board of Trustees may terminate this Agreement effective immediately upon the Investment Consultant’s receipt of written notice of termination. The Investment Consultant may terminate this Agreement upon one hundred and eighty (180) days’ advance written notice to the Board of Trustees. Upon termination, fees of the Investment Consultant shall be prorated to the date of termination as specified in the notice of termination.
Effective Date Term Termination. This Agreement shall become effective for an initial period of not more than two years from its effective date, and shall continue in full force and effect continuously thereafter provided that such continuance is approved at least annually as required by the 1940 Act. The effective date of this Agreement shall be the later of (i) the effective date of the initial registration statement covering the offer and sale of our shares under the Securities Act of 1933, or (ii) the date this Agreement has been approved as required by the 1940 Act. This Agreement shall automatically terminate in the event of its assignment (as defined by the 1940 Act). In addition, this Agreement may be terminated at any time, without penalty, by either party on not more than sixty days' nor less than thirty days' written notice delivered or mailed by registered mail, postage prepaid, to the other party.
Effective Date Term Termination. This Agreement shall become effective upon acceptance by Administrative Secured Party, as of the Effective Date and shall continue in full force and effect through the end of the Contract Term.
Effective Date Term Termination. Section 5.01. Effective Date; Term 6 Section 5.02. Termination of Agreement 6 Section 5.03. Consequences of Termination 6