TERM OF THE FRAMEWORK AGREEMENT. The present Framework Agreement comes into force on the day it is signed by both Parties and taking effect once it is published in the Register of Contracts. This Framework Agreement has been entered into for a definite period of time, specifically until 31.12. 2026. This Framework Agreement shall terminate with the lapse of the agreed-upon term of the Contract; by a written agreement between the Parties; by a written notice of termination by either Party; by withdrawal from this Framework Agreement subject to the terms and conditions given below in the event of a substantial breach hereof by either Party. The Parties have agreed that substantial breach of the Framework Agreement shall particularly be: A failure to meet the technical specification of the Sheets; delay with the production of XXXXX design origination and/or Masterhologram compared to the deadlines specified in the Annex 2; Recurring, at minimum second, delay on the part of the Contractor in the delivery of the Sheets according to a partial contract for a period exceeding 7 working days; breach of the obligation pursuant to the Article VII paragraph 6 hereof; Other cases as per this Framework Agreement. The withdrawal from this Framework Agreement shall take effect on the day of a written notice of withdrawal delivery to the other Party. The notice of withdrawal must be sent by registered mail. Withdrawal from this Framework Agreement does not terminate the contractual relationship from the outset and the Parties retain any performance provided for each other up to termination hereof. The Parties are entitled to terminate this Framework Agreement at any time, even without stating a reason. The notice period is 6 months, commencing on the first day of the calendar month following delivery of the written notice of termination to the other Party. The notice must be sent by registered mail. The Parties hereby agree that their obligations pursuant hereto shall apply until the end of the notice period. Termination of this Framework Agreement shall not affect the provisions regarding contractual penalties, damage compensation, and such rights and obligations which, by their nature, shall persist even after this Framework Agreement is terminated. A partial contract expires: if such termination is agreed upon by both Parties hereto; by the Client’s withdrawal due to a substantial violation of the partial contract by the Contractor, whereas such violation mainly means when the Contractor is in default ...
TERM OF THE FRAMEWORK AGREEMENT. This Framework Agreement shall be applicable for the FRCs that will be signed within the validity term set forth in Provisional Article 32 of the Banking Law no. 5411 following the approval of the Board.
TERM OF THE FRAMEWORK AGREEMENT. 1. The present Framework Agreement comes into force on the day it is signed by both Parties and taking effect once it is published in the Register of Contracts.
TERM OF THE FRAMEWORK AGREEMENT. AMENDMENT AND TERMINATION OF THE FRAMEWORK AGREEMENT.
TERM OF THE FRAMEWORK AGREEMENT. This framework agreement, which is valid from 1 April 1975, and the local agreements approved under this framework agreement may be terminated with the collective agree- ment by giving the notice stipulated therein.
TERM OF THE FRAMEWORK AGREEMENT. This framework agreement shall be applicable for all financial restructuring agreements to be signed within 3 years at most following the approval of the BRSA. IMPLEMENTATION REGARDING THE TIME LIMITS PRESCRIBED IN THE FRAMEWORK AGREEMENT Taking into account the difficulties that may arise in general or on a case by case basis during implementation in connection with the time-limits prescribed in Articles V, VII, VIII, XIII of this Agreement; The leader bank shall be authorised to extend the time limits upto twofold if deemed necessary and on the condition to notify the CS of the situation. The time limits may be extended up to three times in general at the request of CS and by the consent of the Board of Directors of BAT.
TERM OF THE FRAMEWORK AGREEMENT. 1. This Framework Agreement becomes valid upon signature by both Parties and comes into force upon its publication in the Register of Contracts.
TERM OF THE FRAMEWORK AGREEMENT. 1.1. The Framework Agreement shall start on the Start Date and continue for the Term of four years, unless terminated earlier in accordance with the terms of this Framework Agreement. In particular, the Council may terminate this Framework Agreement on the second and third anniversary of its Start Date.
TERM OF THE FRAMEWORK AGREEMENT. This Framework Agreement shall be applicable for the financial restructuring contracts to be signed within at most 2 years following the approval of the BRSA. The Board shall be authorized to extend such two-year period.
TERM OF THE FRAMEWORK AGREEMENT. 12.1 This Framework Agreements shall commence on the Framework Agreement Commencement Date and shall continue (subject to earlier termination in accordance with Clause 13 herein) for 24 months from the Framework Agreement Commencement Date. At the end of each year GroupM shall have the right to roll-on the Framework Agreement for a further period of 1 year.
