Common use of TERM OF THE FRAMEWORK AGREEMENT Clause in Contracts

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 in delivering the Sheets under the partial contract for more than 4 calendar weeks.

TERM OF THE FRAMEWORK AGREEMENT. The present This Framework Agreement comes into force on the day it is signed becomes valid upon signature by both Parties and taking effect once it is published comes into force upon its publication in the Register of Contracts. This Framework Agreement has been entered into is concluded for a definite fixed period of time, specifically until 31.12. 20264 (words: four) years starting from the date on which it comes into effect. This Framework Agreement shall terminate with the lapse terminate: upon expiration of the agreed-upon term term, for which it was contracted; depletion of the Contractfinancial limit of the Framework Agreement stipulated in article II, para 5 of the Framework Agreement; by a written agreement between the Parties; by a written notice to quit from one of termination by either Partythe Parties; by withdrawal from this the Framework Agreement subject to under the terms and conditions given stipulated below in the event case of a substantial breach hereof of the Framework Agreement by either the other Party. ; The Parties have agreed that substantial breach of the Framework Agreement shall particularly be: A failure to meet non-compliance with the technical specification specifications of the Sheets; delay with the production of XXXXX design origination and/or Masterhologram compared to the deadlines specified in the Annex 2; Recurringsupplied Goods, recurrent, at minimum second, delay on the part of the Contractor in the delivery of the Sheets Goods according to a partial the individual contract for a period exceeding 7 working (seven) business days; , use of the dandy roll with exclusive watermark in breach of the obligation pursuant to article VII, para. 1 of the Article VII paragraph 6 hereof; Other cases as per this Framework Agreement. In other cases and in the case of any doubt, the respective violation of the Framework Agreement will be considered as immaterial. The legal effects of the withdrawal from this the Framework Agreement shall take effect occur on the day of a delivery of written notice of withdrawal delivery to the other Party. The notice Notice of withdrawal from Framework Agreement must be sent by registered mailpost. Withdrawal from this Framework Agreement does not terminate the contractual relationship from the outset and outset, both Parties shall retain the Parties retain any performance provided for each other up to termination hereofmutual performances obtained till withdrawal from the Framework Agreement. The Parties are entitled to terminate this Framework Agreement at any time, even time without stating a any reason. The termination notice period is 6 months, commencing on (words: six) months and starts running from the first day of the calendar month following after delivery of the written notice of termination to quit to the other Party. The notice to quit must be sent by registered mailpost. The Parties hereby agree acknowledge that for the duration of the termination notice period, they are obliged to fulfil their obligations pursuant hereto shall apply until the end of the notice periodunder this Framework Agreement. Termination Demise of this Framework Agreement shall does not affect the provisions regarding the contractual penalties, damage compensationcompensation of losses, and provisions regarding such rights and obligations which, by their nature, shall persist duties whose nature requires that they prevail even after demise of 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 in delivering the Sheets under the partial contract for more than 4 calendar weeksAgreement.

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 31.12namely for a period of 2 years from the date of its entry into force. 2026The expiration and effectiveness of this Framework Agreement does not affect orders under this Framework Agreement that have already been delivered to the Seller at the time of expiry and effectiveness of this Framework Agreement (such partial deliveries will be confirmed and performed by the Seller in accordance with this framework agreement, partial order). This Framework Agreement shall terminate with the lapse of the agreed-upon term agreed term; fulfilment of the ContractFinancial limit in the sense of the Article II paragraph 5 of this Framework Agreement; by a written agreement between of 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 agree that they consider the following cases in particular to constitute a substantial breach of the Framework Agreement shall particularly behereof: A a failure to meet the technical specification of the Sheets; delay Goods pursuant to Article II Paragraph 1 hereof or pursuant to Annex No. 1 hereto or do not comply with the production relevant detailed drawing or the specified technical specification, ie the approved dimensioned technical drawing in accordance with Article III, paragraphs 5 and 6 of XXXXX design origination and/or Masterhologram compared to the deadlines specified in the Annex 2this Framework Agreement; Recurringrepeated, at minimum the second, delay on the part of the Contractor Seller in the delivery of the Sheets Goods according to a partial contract contracts for a period exceeding 7 working 10 days; if the quantity of defective Prelaminates in deliveries is repeatedly higher than that referred to in Article IV (8) of this Framework Agreement; breach of Article VIII hereof which has not been remedied following a previous notice for correction, breach of obligation under Article XIII Paragraph 1 hereof; breach of obligation under Article XIII Paragraph 7 hereof. The partial contract shall terminate: if such termination is agreed upon by both of the obligation Parties hereto; By withdrawal of the Buyer in the case pursuant to the Article VII paragraph 6 Paragraph 10 letter (d) hereof; Other cases as per this Framework Agreementor in the case of a breach of the partial contract by the Seller in a substantial manner, whereas the Parties consider such a breach of the partial contract in a substantial manner to be in particular the case pursuant to Article XII Paragraph 4 letters (a), (c), and (d) hereof and the case where the Seller is in delay with the delivery of Goods according to specific partial contract for more than 2 calendar weeks. The written notice of withdrawal from this Framework Agreement or a specific partial contract shall take effect on the day of a the written notice of withdrawal delivery is delivered to the other Party. The notice of withdrawal from this Framework Agreement or a specific partial contract must be sent by registered mail. Withdrawal from this Framework Agreement or from a specific partial contract does not terminate the contractual relationship from the outset and very beginning, the mutual performances provided by the Parties retain any performance provided for each other up to until the termination hereofof this Framework Agreement or a specific partial contract shall be retained by both Parties. The Parties are entitled to terminate this Framework Agreement at any time, even without stating a any reason. The notice period is shall be 6 months, commencing months and shall begin on the first day of the calendar month following the delivery of the written notice of termination to the other Party. The notice must be sent by registered mail. The Parties hereby agree take into consideration that their they are obliged to fulfil the obligations pursuant hereto shall apply until the end of arising from this Framework Agreement during 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 This Framework Agreement is also to be applied to the relations, including partial contract expires: if such termination contracts, formed during this Framework Agreement even after this Framework Agreement 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 in delivering the Sheets under the partial contract for more than 4 calendar weeksterminated.

TERM OF THE FRAMEWORK AGREEMENT. The present This Framework Agreement comes into force on the day it is signed becomes valid upon signature by both Parties and taking effect once it is published comes into force upon its publication in the Register of Contracts. This Framework Agreement has been entered into for a definite period of time, specifically namely for a period of 4 years from the date of its entry into force, or until 31.12. 2026the maximum financial limit agreed in Article II Paragraph 5 hereof has been exhausted, whichever is the earlier. This Framework Agreement shall terminate with the lapse of the agreed-agreed term; upon term the exhaustion of the Contractmaximum financial limit stated in Article II Paragraph 5 hereof; by a written agreement between of 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 agree that they consider the following cases in particular to constitute a substantial breach of the Framework Agreement shall particularly behereof: A a failure to meet the technical specification of the SheetsGoods pursuant to Article II Paragraph 1 hereof or pursuant to Annex No. 1 hereto; delay with the production of XXXXX design origination and/or Masterhologram compared to the deadlines specified in the Annex 2; Recurringrepeated, at minimum the second, delay on the part of the Contractor in the delivery of the Sheets Goods according to a partial contract contracts for a period exceeding 7 working business days; use of the Dandy roll with exclusive watermark in breach of the obligation pursuant to the Article VII paragraph 6 hereof; Other cases as per this of the Framework Agreement. breach of Article X hereof which has not been remedied following a previous notice for correction, breach of obligation under Article VII Paragraph 8 hereof; breach of obligation under Article VII Paragraph 15 hereof. The partial contract shall terminate: if such termination is agreed upon by both of the Parties hereto; by withdrawal of the Client in the case pursuant to Article VIII Paragraph 5 letter (d) hereof; or in the case of a breach of the partial contract by the Contractor in a substantial manner, whereas the Parties consider such a breach of the partial contract in a substantial manner to be in particular the case pursuant to Article XIII Paragraph 4 letters (a), (d), and (e) hereof and the case where the Contractor is in delay with the delivery of Goods according to specific partial contract for more than 2 calendar weeks. The written notice of withdrawal from this Framework Agreement or a specific partial contract shall take effect on the day of a the written notice of withdrawal delivery is delivered to the other Party. The notice of withdrawal from this Framework Agreement or a specific partial contract must be sent by registered mail. Withdrawal from this Framework Agreement or from a specific partial contract does not terminate the contractual relationship from the outset and very beginning, the mutual performances provided by the Parties retain any performance provided for each other up to until the termination hereofof this Framework Agreement or a specific partial contract shall be retained by both Parties. The Parties are entitled to terminate this Framework Agreement at any time, even without stating a any reason. The notice period is shall be 6 months, commencing months and shall begin on the first day of the calendar month following the delivery of the written notice of termination to the other Party. The notice must be sent by registered mail. The Parties hereby agree take into consideration that their they are obliged to fulfil the obligations pursuant hereto shall apply until the end of arising from this Framework Agreement during 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 This Framework Agreement is also to be applied to the relations, including partial contract expires: if such contracts, formed during this Framework Agreement even after this Framework Agreement is terminated. Within 30 calendar days as of termination is agreed upon of this Framework Agreement, or within the term stipulated by both Parties hereto; by the Client’s withdrawal due to a substantial violation agreement of the partial contract by the ContractorParties, whereas such violation mainly means when the Contractor is in default in delivering agrees to submit the Sheets Dandy roll, more precisely the Work under this Framework Agreement, to the partial contract for more than 4 calendar weeksClient against an acceptance protocol.

TERM OF THE FRAMEWORK AGREEMENT. The present Framework Agreement Contract 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 Contract has been entered into for a definite period of time, specifically until 31.12. 2026. This Framework Agreement whereas this Contract shall terminate with terminate: at the lapse time of delivery of the agreed-upon term agreed quantity of goods according to Article II paragraph 2 of this Article by written agreement 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 Contract subject to the terms and conditions given below in the event of a substantial breach hereof by either Party. The Parties have agreed agree that they consider the following cases in particular to constitute a substantial breach of the Framework Agreement shall particularly behereof: A a failure to meet the technical specification of Goods pursuant to Article II Paragraph 1 hereof or pursuant to Annex No. 1 hereto or do not comply with the Sheetsrelevant detailed drawing or the specified technical specification according to Annex 1 of this Contract; 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 Seller in the delivery of the Sheets Goods according to a partial contract the agreed Time Schedule according to Article III of paragraph 1 of this Contract (Annex No. 2) for a period exceeding 7 working 10 days; if the quantity of defective Prelaminates in deliveries is repeatedly higher than that referred to in Article IV (5) of this Contract; breach of the Article VIII hereof which has not been remedied following a previous notice for correction, breach of obligation pursuant to the under Article VII paragraph 6 XIII Paragraph 1 hereof; Other cases as per this Framework Agreementbreach of obligation under Article XIV Paragraph 8 hereof. The written notice of withdrawal from this Framework Agreement Contract shall take effect on the day of a the written notice of withdrawal delivery is delivered to the other Party. The notice of withdrawal from this Contract must be sent by registered mail. Withdrawal from this Framework Agreement Contract does not terminate the contractual relationship from the outset and very beginning, the mutual performances provided by 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 termination of the notice periodthis Contract shall be retained by both Parties. Termination of this Framework Agreement Contract 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 Contract 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 in delivering the Sheets under the partial contract for more than 4 calendar weeks.