Common use of TERMINATION CLAUSE Clause in Contracts

TERMINATION CLAUSE. This Agreement shall apply to the taxable year ending December 31, 1998, unless all of the members of the Group agree in writing to terminate the Agreement prior to the end of the taxable year. The Agreement shall be renewable on a year to year basis for subsequent taxable years, provided all of the members of the Group agree in writing, prior to the end of the immediately preceding taxable year, to extend the Agreement one additional year. Notwithstanding any termination, this Agreement shall continue in effect with respect to any payment or refunds due for all taxable periods prior to termination.

Appears in 2 contracts

Samples: Eastern Utilities Associates, Eastern Utilities Associates

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TERMINATION CLAUSE. This Agreement shall apply to the taxable year ending December 31________, 1998and subsequent taxable years, unless all of the members of the Group agree in writing to terminate the Agreement prior to the end of the taxable year. The Agreement shall be renewable on a year to year basis for subsequent taxable years, provided all of the members of the Group agree in writing, prior to the end of the immediately preceding taxable year, to extend the Agreement one additional year. Notwithstanding any termination, this Agreement shall continue in effect with respect to any payment or refunds due for all taxable periods prior to termination.

Appears in 2 contracts

Samples: Tax Allocation Agreement (National Grid Group P L C), Tax Allocation Agreement (National Grid Group P L C)

TERMINATION CLAUSE. This Agreement shall apply to the taxable year ending December 31[Insert Date], 1998and subsequent taxable years, unless all of the members of the Group Members agree in writing to terminate the Agreement prior to the end of the taxable year. The Agreement shall be renewable on a year to year basis for subsequent taxable years, provided all of the members of the Group agree in writing, prior to the end of the immediately preceding taxable year, to extend the Agreement one additional year. Notwithstanding any termination, this Agreement shall continue in effect with respect to any payment or refunds due for all taxable periods prior to termination.

Appears in 2 contracts

Samples: Tax Allocation Agreement (New Rc Inc), Tax Allocation Agreement (Pepco Holdings Inc)

TERMINATION CLAUSE. This Agreement shall apply to the taxable year ending December 31, 19982000, and all subsequent taxable years, unless all of the members Members of the Group agree in writing to terminate the Agreement prior to the end of the taxable year. The Agreement shall be renewable on a year to year basis for subsequent taxable years, provided all of the members of the Group agree in writing, prior to the end of the immediately preceding taxable year, to extend the Agreement one additional year. Notwithstanding any termination, this Agreement shall continue in effect with respect to any payment payments or refunds due for all taxable periods years prior to termination.

Appears in 1 contract

Samples: Keyspan Corp

TERMINATION CLAUSE. This Agreement shall apply to the taxable year ending December 31, 19981999, unless all of the members of the Group agree in writing to terminate the Agreement prior to the end of the taxable year. The Agreement shall be renewable on a year to year basis for subsequent taxable years, provided all of the members of the Group agree in writing, prior to the end of the immediately preceding taxable year, to extend the Agreement one additional year. Notwithstanding any termination, this Agreement shall continue in effect with respect to any payment or refunds due for all taxable periods prior to termination.

Appears in 1 contract

Samples: Eastern Utilities Associates

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TERMINATION CLAUSE. This Agreement shall apply to the taxable year ending December 31, 19981997, unless all of the members of the Group agree in writing to terminate the Agreement prior to the end of the taxable year. The Agreement shall be renewable on a year to year basis for subsequent taxable years, provided all of the members of the Group agree in writing, prior to the end of the immediately preceding taxable year, to extend the Agreement one additional year. Notwithstanding any termination, this Agreement shall continue in effect with respect to any payment or refunds due for all taxable periods prior to termination.

Appears in 1 contract

Samples: Eastern Utilities Associates

TERMINATION CLAUSE. This Agreement shall apply to the taxable year ending December 31__________, 1998and subsequent taxable years, unless all of the members of the Group agree in writing to terminate the Agreement prior to the end of the taxable year. The Agreement shall be renewable on a year to year basis for subsequent taxable years, provided all of the members of the Group agree in writing, prior to the end of the immediately preceding taxable year, to extend the Agreement one additional year. Notwithstanding any termination, this Agreement shall continue in effect with respect to any payment or refunds due for all taxable periods prior to termination.

Appears in 1 contract

Samples: Allocation Agreement (Emera Inc)

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