Common use of STARTING DATE AND TERM Clause in Contracts

STARTING DATE AND TERM. The Parties acknowledge that the Existing Agreement was signed on July 31st, 2007 and has been effective as from August 24th 2007, which is to be considered as the starting date of the Existing Agreement, for a minimum term of four years, and has subsequently been extended for a period of five years beginning July 1st 2010. However, the Parties hereby agree that the Parties have continued their relationship in accordance with the terms and conditions of this Agreement, as from February 15th 2012, thereby continuing and replacing the Existing Agreement as from such moment. The Parties hereby agree that this Agreement shall continue to remain in full force and effect for a defined period of time running up and until December 31st 2017 (the “Extended Initial Term”). The Parties hereby agree that this Agreement may be terminated by either Party providing the other Party with at least three months’ written notice prior to the termination date. Unless terminated on or before the end of the Extended Initial Term, this Agreement shall be automatically and tacitly renewed for a consecutive renewal period of 1 year each. Any and all accounts receivable conveyed by the Seller to the Purchaser prior to the termination of this Agreement for any reason shall remain with the Purchaser and shall not revert to the Seller, subject to the dilution provisions of this Agreement. 3. The Amendment shall come into effect as of December 16, 2016, subject to the Factor having received a duly signed original copy of this Amendment from the Client. 4. The Parties agree that all terms and conditions of the Agreement, which are not explicitly changed or altered in this Amendment shall remain in full force and effect. However, in the event of any conflicts or discrepancies between the terms and conditions of this Amendment and the terms and conditions of the Agreement, the terms and conditions of this Amendment shall prevail.

Appears in 1 contract

Sources: Non Recourse Accounts Receivable Purchase Agreement (Eastman Chemical Co)

STARTING DATE AND TERM. The Parties acknowledge that the Existing Agreement was signed on July 31st, 31st 2007 and has been effective as from August 24th 2007, which is to be considered as the starting date of the Existing Agreement, for a minimum term of four years, and has subsequently been extended for a period of five years beginning July 1st 2010. However, the Parties hereby agree that the Parties have continued their relationship in accordance with the terms and conditions of this Agreement, as from February 15th 2012, thereby continuing and replacing the Existing Agreement as from such moment. The Parties hereby agree that this Agreement shall continue to remain in full force and effect for a defined period of time running up and until December 31st 2017 June 30th 2015 (the “Extended Initial Term”). The Parties hereby agree that that, after said Extended Initial Term, this Agreement may be Agreement, unless terminated by either Party one of the Parties providing the other Party with at least three months’ written a notice prior to the termination date. Unless terminated on or period of 1 year before the end of the Extended Initial Term, this Agreement shall be automatically and tacitly renewed for a consecutive renewal periods of 1 year each, unless terminated by one of the Parties by providing the other Party with a notice period of 1 year eachbefore the end of such a renewal period. Any and all accounts receivable conveyed by the Seller to the Purchaser prior to the termination of this Agreement for any reason shall remain with the Purchaser and shall not revert to the Seller, subject to the dilution provisions of this Agreement. 3. The Amendment shall come into effect as of December 16, 2016, subject to the Particular Conditions BNP Paribas Fortis Factor having received a duly signed original copy of this Amendment from the Client. 4. The Parties agree that all terms N.V. — Taminco B.V.B.A. Amended and conditions of the Agreement, which are not explicitly changed or altered in this Amendment shall remain in full force and effect. However, in the event of any conflicts or discrepancies between the terms and conditions of this Amendment and the terms and conditions of the Agreement, the terms and conditions of this Amendment shall prevail.Restated Non-Recourse Accounts Receivable Purchase Agreement BNP PARIBAS FORTIS FACTOR

Appears in 1 contract

Sources: Non Recourse Accounts Receivable Purchase Agreement

STARTING DATE AND TERM. The Parties acknowledge that the Existing Agreement was signed on July 31st, 31st 2007 and has been effective as from August 24th 2007, which is to be considered as the starting date of the Existing Agreement, for a minimum term of four years, and has subsequently been extended for a period of five years beginning July 1st 2010. However, the Parties hereby agree that the Parties have continued their relationship in accordance with the terms and conditions of this Agreement, as from February 15th 2012, thereby continuing and replacing the Existing Agreement as from such moment. The Parties hereby agree that this Agreement shall continue to remain in full force and effect for a defined period of time running up and until December 31st 2017 (the “Extended Initial initial Term”). The Parties hereby agree that that, after said Extended Initial Term, this Agreement may be Agreement, unless terminated by either Party one of the Parties providing the other Party with at least three months’ written a notice prior to the termination date. Unless terminated on or period of 1 year before the end of the Extended Initial Term, this Agreement shall be automatically and tacitly renewed for a consecutive renewal periods of 1 year each, unless terminated by one of the Parties by providing the other Party with a notice period of 1 year eachbefore the end of such a renewal period. Any and all accounts receivable conveyed by the Seller to the Purchaser prior to the termination of this Agreement for any reason shall remain with the Purchaser and shall not revert to the Seller, subject to the dilution provisions of this Agreement. 35. The Parties hereby agree that the covenant as stipulated in article 14 (Covenants) of the Particular Conditions to the Agreement, shall no longer be calculated based on the consolidated equity on group level of the company Taminco Group B.V.B.A., but however on the consolidated equity on group level of the company Taminco Acquisition Corporation. 6. This Amendment shall come into effect as of December 16, 2016its signature date as stipulated here below, subject to the Factor having received a duly signed original copy of this Amendment from the Client. 47. The Parties agree that all terms and conditions of the Agreement, which are not explicitly changed or altered in this Amendment shall remain in full force and effect. effect However, in the event of any conflicts or discrepancies between the terms and conditions of this Amendment and the terms and conditions of the Agreement, the terms and conditions of this Amendment shall prevail. Made out in two original copies at Turnhout on March 28th 2013.

Appears in 1 contract

Sources: Non Recourse Accounts Receivable Purchase Agreement (TAMINCO ACQUISITION Corp)

STARTING DATE AND TERM. The Parties acknowledge that the Existing Agreement was signed on July 31st, 2007 and has been effective as from August 24th 2007, which is to be considered as the starting date of the Existing Agreement, for a minimum term of four years, and has subsequently been extended for a period of five years beginning July 1st 2010. However, the Parties hereby agree that the Parties have continued their relationship in accordance with the terms and conditions of this Agreement, as from February 15th 2012, thereby continuing and replacing the Existing Agreement as from such moment. The Parties hereby agree that this Agreement shall continue to remain in full force and effect for a defined period of time running up and until December 31st 2017 (the “Extended Initial Term”). The Parties hereby agree that this Agreement may be terminated by either Party providing the other Party with at least three months’ written notice prior to the termination date. Unless terminated on or before the end of the Extended Initial Term, this Agreement shall be automatically and tacitly renewed for a consecutive renewal period of 1 year each. Any and all accounts receivable conveyed by the Seller to the Purchaser prior to the termination of this Agreement for any reason shall remain with the Purchaser and shall not revert to the Seller, subject to the dilution provisions of this Agreement. 3. The Amendment shall come into effect as of December 16, 2016, subject to the Factor having received a duly signed original copy of this Amendment from the Client. 4. The Parties agree that all terms and conditions of the Agreement, which are not explicitly changed or altered in this Amendment shall remain in full force and effect. However, in the event of any conflicts or discrepancies between the terms and conditions of this Amendment and the terms and conditions of the Agreement, the terms and conditions of this Amendment shall prevail.

Appears in 1 contract

Sources: Non Recourse Accounts Receivable Purchase Agreement (Eastman Chemical Co)