Common use of Implementation period of the Project Clause in Contracts

Implementation period of the Project. 3.1 This Contract shall enter into force on the date when the second of the two Parties signs. 3.2 The Project implementation period starts on………………and ends on …………….. Starting date of the Project implementation period can be either: 1. the day following that on which the Contract is signed by both the Lead Beneficiary and MA; 2. a later date agreed in the Contract, but no later than 3 months after the signing of Contract by both the Lead Beneficiary and the MA; 3. exceptionally and subject to conditions on retroactive eligibility as stipulated in the Article 48 of the Implementing Rules1, 3.3 The execution period of this Contract shall end when the payment of the balance is made by the MA unless postponed in accordance with Article 18.5 of this Contract.