Common use of TERM OF THE AGREEMENT; TERMINATION Clause in Contracts

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.

Appears in 2 contracts

Samples: Interlocal Agreement Regarding, Interlocal Agreement Regarding

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TERM OF THE AGREEMENT; TERMINATION. This Agreement shall be effective for an initial one (1) year period from execution of agreement through June 30, 2022 through , 2023. The Agreement may be renewed for two (2) successive one (1) year periods upon mutual written agreement of the parties2026 . 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.

Appears in 1 contract

Samples: Interlocal Agreement Regarding Educational Services

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TERM OF THE AGREEMENT; TERMINATION. This Agreement shall be effective for an initial one (1) year period from execution of agreement through June 30, 2022 through , 2023. The Agreement may be renewed for two (2) successive one (1) year periods upon mutual written agreement of the parties2026. 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 petiormance requirements or obligations of the Parties hereunder shall be of no further force or effect following the effective date of such termination.

Appears in 1 contract

Samples: Interlocal Agreement Regarding Educational Services

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