Common use of Effectiveness, Modification and Termination Clause in Contracts

Effectiveness, Modification and Termination. 8.1 This agreement shall be effective since it is signed by authorized representatives of the parties. 8.2 The parties may via negotiation modify or terminate this agreement in advance in written form at any time. 8.3 Any party shall have the right to terminate this agreement unilaterally in advance with written notice given if any of the following situations occurs to the other party: 8.3.1 Within 30 days since the written notice sent out by the non-breaching party, the breaching party still not modifies its breach of the contact, or takes sufficient, effective and timely measures to avoid the bad results, and compensate for the losses of the non-breaching party due to its breaching actions. 8.3.2 Such party is unable to continue to perform this agreement due to force majesture. 8.4 Earlier termination of this agreement shall not affect the generated rights and obligations by this agreement before such termination date.

Appears in 12 contracts

Sources: Loan Agreement (WEIBO Corp), Loan Agreement (Sina Corp), Loan Agreement (WEIBO Corp)

Effectiveness, Modification and Termination. 8.1 This agreement shall be effective since it is signed on the date of signing by authorized representatives of the parties.. ​ 8.2 The parties may via negotiation modify or terminate this agreement in advance in written form writing at any time.time upon mutual agreement ​ 8.3 Any party shall have the right to unilaterally terminate this agreement unilaterally in advance with by written notice given if delivered to the other party in the event any of the following situations occurs to the other party:: ​ 8.3.1 Within Such party breaches the agreement and within 30 days since the written notice sent out delivered by the non-breaching defaulting party, the breaching such defaulting party still not modifies fails to rectify its breach of the contact, or takes sufficientadequate, effective and timely measures to avoid eliminate the bad results, consequences of breach and compensate the non-defaulting party for the losses of caused by the non-breaching party due to its breaching actionsbreach. 8.3.2 Such party is unable to continue to perform this agreement due to force majesture.majeure. ​ 8.4 Earlier The early termination of this agreement shall not affect the generated rights and obligations by of the parties incurred under this agreement before such prior to the early termination date.. ​

Appears in 2 contracts

Sources: Loan Agreement (WEIBO Corp), Loan Agreement (WEIBO Corp)