Period of Negotiation Sample Clauses

Period of Negotiation. A. The Parties agree to negotiate in good faith for a period of two (2) years from the Effective Date (''Negotiation Period"). If the Parties have not executed the Ground Leases, Project Agreement, and obtained necessary government approvals by the end of the Negotiation Period, then this Agreement shall automatically terminate, provided, however, that the Parties may, at their sole discretion, mutually agree to extend the term of this Agreement for an additional period of up to one (1) year, subject to approval by the NSD Board of Directors.
Sample 1
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Period of Negotiation. The Parties agree to negotiate in good faith for a period of one-hundred eighty (180) days from the Effective Date (“Expiration Date”), as defined in Section 14 hereof (“Negotiation Period”). If the Parties have not executed the JDA by such date, then this Agreement shall automatically terminate, provided, however, that the Parties may mutually agree to extend the term of this Agreement for an additional period of up to six months, subject to MTA Board approvals. If the Parties cannot agree upon such an extension, this Agreement shall automatically terminate upon the Expiration Date. This Agreement may also be terminated if the Parties agree in writing that a successful consummation of the negotiations is impossible and shall be terminated in the event that one or more of the proposed product types—retail, residential and civic facilities are eliminated from the project. The Negotiation Period may be extended only by written agreement between the Parties and no other act or failure to act by the MTA or any of its Representatives shall result in an extension of the Negotiation Period. Upon termination of this Agreement, any interest that DEVELOPER may have hereunder shall cease and the MTA shall have the right to thereafter develop or dispose of the Site as it shall determine appropriate in its sole discretion.
Sample 1

Related to Period of Negotiation

  • Period of Work Work under this Agreement shall begin no sooner than the date on which this Agreement has been fully executed by the parties and approved by the Controller and the State Purchases Review Committee. Unless terminated earlier, this Agreement shall expire on the date set out on the first page of this Agreement, or at the completion and acceptance of all specified tasks, and delivery of all contracted products and services as defined in this Agreement, including performance of any warranty and/or maintenance agreements, whichever is the later date.

  • Period of Agreement This Agreement shall start on _, 20 (“Effective Date”), and end on , 20_ _, at 12:00 midnight (“Listing Period”), unless the expiration date is extended in writing.

  • Negotiation Period Any dispute, controversy or claim arising out of or relating to this Agreement, or any alleged breach hereof, will be subject to binding arbitration in accordance with this Section 7.11. If such a dispute, controversy or claim exists, the parties shall attempt for a 30-day period (the "Negotiation Period") from the date any party gives any one or more of the other parties notice (a "Dispute Notice") pursuant to this Section, to negotiate in good faith, a resolution of the dispute. The Dispute Notice shall set forth with specificity the basis of the dispute. During the Negotiation Period, representatives of each party involved in the dispute who have authority to settle the dispute shall meet at mutually convenient times and places and use their best efforts to resolve the dispute.

  • Lunch Period Employees who work five (5) hours or more shall be granted a thirty (30) minute, duty-free, uninterrupted lunch period, which may or may not be during the normal lunch hours.

  • Contract Term Extension “Contract Term Extension” means an extension of the term of this contract, at the request of Purchaser, under this Subsection. This Subsection does not obligate Contracting Officer to grant Contract Term Extension. When such extension is made, Forest Service shall make an appraisal using standard Forest Service methods and appraisal data in effect 45 days prior to the original Termination Date. Bid Premium Rates shall be added to such appraised rates to establish Flat Rates or Tentative Rates for the extension period. In event rates so established would develop Current Contract Value immediately prior to such an extension that is less than Current Contract Value at that time, Flat Rates and Tentative Rates in effect immediately prior to extension shall be retained for the extension period. In consideration for granting an extension, Purchaser shall pay the Government for Purchaser’s failure to cut and remove timber meeting Utilization Standards prior to Contract Term Extension, an amount that shall be the total of the costs to the Government resulting from the delay in harvest of Included Timber. Such costs will be determined by Forest Service and shall include, but not be limited to, the following:

  • Period of the Agreement This Agreement becomes effective when signed by the last party whose signing makes the Agreement fully executed. This Agreement shall remain in effect until the Project is completed or unless terminated as provided below.

  • Contract Term The period of Contractor's performance shall begin on November 1, 2018 and end on October 31, 2019 with an option to renew for an additional three (3) twelve (12) month periods.

  • Period of Notice Subject to-

  • Period of Contract All obligations of Purchaser shall be discharged not later than “Termination Date” stated in A15, unless it is adjusted pursuant to B8.21 or B8.212 or extended pursuant to B8.23 or B8.32, except- ing only those obligations for which Forest Service has given written permission to delay performance. Such writ- ten permission shall be considered a Contract Term Ad- justment for the purpose of Purchaser completing per- formance of obligations covered by such permission.

  • Negotiation Leave The Employer shall allow two (2) employees time off without pay for the purpose of attending negotiations for the renewal of the Collective Agreement.

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