Fifty Year Term Sample Clauses

The Fifty Year Term clause establishes that the agreement or rights granted under the contract will remain in effect for a period of fifty years from the effective date. In practice, this means that any licenses, obligations, or benefits specified in the contract are set to last for half a century, unless otherwise terminated or extended by mutual agreement. This clause provides long-term certainty and stability for both parties, ensuring that their respective interests are protected over an extended period and reducing the need for frequent renegotiation.
Fifty Year Term. The Partnership shall continue in existence for a term of 50 years from the effective date of this Agreement unless sooner terminated as set forth below.
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Related to Fifty Year Term

  • Contract Year A twelve (12) month period during the term of the Agreement commencing on the Effective Date and each anniversary thereof.

  • Fixed Term This Agreement is concluded for a fixed term specified in the ‘Contract Term’ section of the Order Form. Neither Party can terminate this Agreement for convenience, however any rights of termination for cause remain unaffected.

  • Base Term Commencing on the Expansion Premises Commencement Date, the defined term “Base Term” on page 1 of the Lease is deleted in its entirety and replaced with the following:

  • PRORATION PERIOD The Tenant: (check one)

  • week period During each bi-weekly pay period there shall be four (4) days off of which two (2) shall be scheduled as consecutive days off. The Employer will endeavour to provide schedules of not more than five