Mandatory Termination Date Clause Samples
The Mandatory Termination Date clause establishes a specific date on which an agreement or contract will automatically end, regardless of any other circumstances. In practice, this means that all obligations, rights, and responsibilities under the contract cease on this predetermined date, and parties must ensure that all necessary actions or deliverables are completed beforehand. This clause provides certainty and a clear endpoint for contractual relationships, preventing indefinite extensions and helping parties plan accordingly.
Mandatory Termination Date. 5 Mid-term Rollover.......................................................... 5
Mandatory Termination Date. The date specified in the Indenture. NAV Amount ---------- The amount specified in Section 2.04. NSCC ---- The National Securities Clearing Corporation. Participant Agreement --------------------- An Agreement among the Distributor, the Trustee and either (1) a Participating Party or (2) a DTC Participant, substantially in the form set forth in Exhibit A hereto, as the same may be from time to time amended in accordance with its terms. Participating Party ------------------- A participant in the DIAMONDS Clearing Process. Portfolio --------- The Securities held by the Trust consisting of a portfolio of common stocks or, in the case of securities not yet delivered on the Initial Date of Deposit (or, subsequently, securities not yet delivered in connection with purchases made by the Trust or subsequent Portfolio Deposits), confirmations of contracts to purchase such securities. Portfolio Deposit ----------------- Shall have the meaning assigned to such term in Section 2.03(c).
Mandatory Termination Date. The Mandatory Termination Date for the Trust shall be the date upon which the maturity, redemption, sale or other disposition, as the case may be, of the last security held by the Trust occurs.