TERM OF THE AGREEMENT; TERMINATION. The term of this Agreement shall commence as of the first day of July 2002 and shall remain in effect and is renewable annually thereafter by the Company, if (a) a majority of the Independent Trust Managers determines that (i) the Investment Manager's performance has been satisfactory and (ii) the terms of this Agreement are appropriate with respect to the Company's performance and then existing economic conditions and (b) a majority of the independent directors of the Investment Manager approve the renewal of this Agreement. Notwithstanding any other provision of this Agreement to the contrary, this Agreement, or any extension thereof, may be terminated by either party thereto upon at least sixty (60) days' notice to the other party specifying the effective date of such termination, pursuant to a majority vote of the Independent Trust Managers or upon the vote of the holders of more than two-thirds of the outstanding shares of the Company, or, in the case of a termination by the Investment Manager, by a majority vote of the independent directors of the Investment Manager. In the event this Agreement is terminated or not renewed by (i) the Company, other than as a result of a material breach of the terms of this Agreement by the Investment Manager, or (ii) the Investment Manager as a result of a material breach of the terms of this Agreement by the Company, PMC Capital shall enter into a non-compete agreement, substantially in the form attached hereto as Exhibit B, which shall have a term of seven (7) years following the Termination Date (the "NON-COMPETE AGREEMENT"). The payment to be made by the Company to PMC Capital as consideration for the Non-Compete Agreement entered into as a result of in the occurrence of any event set forth in clause (i) or (ii) in the preceding sentence shall be an amount equal to the product of the Non-Compete Percentage (as hereinafter defined) multiplied by the Average Annual Value of All Invested Assets at Date of Termination, calculated and payable on an annual basis and prorated on the basis of a 360-day year for any portion of a calendar year during which the Non-Compete Agreement is in effect. In the event this Agreement is terminated or not renewed by (x) the Company as a result of a material breach of the terms of this Agreement by the Investment Manager or (y) the Investment Manager, other than as a result of a material breach of the terms of this Agreement by the Company, PMC Capital shall enter into the Non-Compete ...
TERM OF THE AGREEMENT; TERMINATION. This Agreement shall be effective for an initial one (1) year period from , 2022 through , 2023. The Agreement may be renewed for two (2) successive one (1) year periods upon mutual written agreement of the parties. This agreement shall take effect upon execution by both signatories. This Agreement may be terminated by either Party, at the sole discretion of the terminating Party, for any or no reason and without penalty, by providing at least ninety (90) calendar days prior written notice to the other Party. Any performance requirements or obligations of the Parties hereunder shall be of no further force or effect following the effective date of such termination.
TERM OF THE AGREEMENT; TERMINATION. (1) This Agreement shall be concluded subject to the approval of the Annual General Meeting of the Controlling Company and the Shareholders' Meeting of the Controlled Company. The Controlled Company's resolution of approval must be certified by a notary.
TERM OF THE AGREEMENT; TERMINATION. Term. The initial term of this Agreement shall begin on the “Commencement Date” and end on June 30, 2025 (“Initial Term”). The Agreement shall automatically renew for successive five-year terms (each a “Renewal Term”) unless a Party provides written notice to the other Party not less than 180 days prior to the expiration of the Initial Term, or the then current Renewal Term, that it does not wish to renew the Agreement for a Renewal Term. As used herein, a “Term” includes the Initial Term and any and all Renewal Terms. This Agreement is subject to the Termination provisions below.
TERM OF THE AGREEMENT; TERMINATION. This Agreement is entered into for an indefinite period. Either party may cancel it at any time, and its termination shall take effect eight calendar day s after notice thereof is received in the form of a recorded delivery letter. If the Holder wishes to hav e his/her f inancial securities transferred f rom another institution, he/she must inf orm the Bank in writing and communicate to it all the elements necessary to carry out said transfer (name of institution, account reference, etc.). This transfer shall result in the collection of fees as mentioned in the general pricing conditions in force. Cancellation entails the closing of the f inancial instrument account(s) and the discontinuation of all transactions in such account(s) except transactions pending on the closing date. The Bank may retain all or some of the financial instruments in the account(s) until completion of the pending transactions as a precautionary measure. In the ev ent of termination, the Client shall adv ise the Bank, within two weeks of closure, of the name of the institution to which the f inancial instruments are to be transf erred together with the bank account information (RIB). Failing this, the Bank shall hav e the option, without prior formal notice to the Client, to transfer bearer financial instruments entered in the Client’s account to direct registered form with the issuer, the Bank being irrevocably authorised for the purpose of dealing with all documents and f ormalities necessary in connection therewith. If the Agreement is declared null and void, the parties agree that the Agreement will terminate automatically, without retroactive effect, on the date it became null and void and that, in this situation, the stipulations on termination provided for in this article will apply .
TERM OF THE AGREEMENT; TERMINATION. (1) The Agreement shall enter into force on 1 July 1998 for an initial definite term of ten years. The Agreement shall be automatically extended for an additional year in the event that a termination notice has not been given twelve months before the expiration of the Agreement or the expiration of any extension of the Agreement.
TERM OF THE AGREEMENT; TERMINATION. A. Term: The services to be provided under this Agreement shall commence on March 30, 2020 and be completed by December 31, 2020, unless this Agreement is terminated earlier as provided below. If agreed upon by both parties, this Agreement may be extended twice. Each extension continues the Agreement for one additional year.
TERM OF THE AGREEMENT; TERMINATION. 8.1 Unless terminated earlier in accordance with its terms, this Agreement shall terminate on the earlier of:
TERM OF THE AGREEMENT; TERMINATION. This Agreement shall begin as of the date this Agreement is executed and shall continue month-to-month thereafter until it is terminated. Either party may terminate this Agreement at any time and for any reason, without recourse to the other party, by giving a thirty-(30) day prior written notice to the other party.
TERM OF THE AGREEMENT; TERMINATION. This Agreement shall begin upon execution and shall continue month-to-month thereafter until it is terminated. Either party may terminate this Agreement at any time and for any reason, without recourse to the other party, by giving a sixty-day (60) prior written notice to the other party. EKAE Agency Agreement EKAE’s Initials /s/ U.S. Energy’s Initials /s/
