Common use of TERMINATION OF THE FINANCING AGREEMENT Clause in Contracts

TERMINATION OF THE FINANCING AGREEMENT. If the issues which led to the suspension of the Financing Agreement have not been resolved within a maximum period of 180 days, either party may terminate the Financing Agreement at 30 days' notice. Where a Financing Agreement has not given rise to any payment within three years of its signature or no implementing contract has been signed within this period, that Financing Agreement will be terminated. When the termination is notified, the consequences on the ongoing contracts and programme estimates or contracts and programme estimates to be signed will be indicated.

Appears in 1 contract

Samples: Financing Agreement

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TERMINATION OF THE FINANCING AGREEMENT. 19.1 If the issues which led to the suspension of the Financing Agreement financing agreement have not been resolved within a maximum period of 180 daysfour months, either party may terminate the Financing Agreement financing agreement at 30 daystwo months' notice. Where a Financing Agreement financing agreement has not given rise to any payment within three years of its signature or no implementing contract has been signed within this periodby the date referred to in Article 5 of the Special Conditions, that Financing Agreement financing agreement will automatically be terminated. When the termination is notified, the consequences on the ongoing contracts and programme estimates or contracts and programme estimates to be signed will be indicated.

Appears in 1 contract

Samples: Financing Agreement

TERMINATION OF THE FINANCING AGREEMENT. If the issues which led to the suspension of the Financing Agreement have not been resolved within a maximum period of 180 days, either ether party may terminate the Financing Agreement at 30 days' notice. Where a Financing Agreement has not given rise to any payment within three years of its is signature or no implementing contract has been signed within this period, that Financing Agreement will be terminated. When the termination is notified, the consequences on the ongoing contracts and programme estimates or contracts and programme estimates to be signed will be indicated.

Appears in 1 contract

Samples: Financing Agreement

TERMINATION OF THE FINANCING AGREEMENT. If the issues which led to the suspension of the Financing Agreement financing agreement have not been resolved within a maximum period of 180 daysfour months, either party may terminate the Financing Agreement financing agreement at 30 daystwo months' notice. Where a Financing Agreement has not given rise to any payment within three years of its signature or no implementing contract has been signed within this period, that Financing Agreement will be terminated. When the termination is notified, the consequences on the ongoing contracts and programme estimates or contracts and programme estimates to be signed will be indicated.

Appears in 1 contract

Samples: Financing Agreement

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TERMINATION OF THE FINANCING AGREEMENT. 24.1 If the issues which led to the suspension of the Financing Agreement have not been resolved within a maximum period of 180 days, either party may terminate the Financing Agreement at 30 days' days notice. Where a Financing Agreement has not given rise to any payment within three years of its signature or no implementing contract has been signed within this period, that Financing Agreement will be terminated. When the termination is notified, the consequences on the ongoing contracts and programme estimates or contracts and programme estimates to be signed will be indicated.

Appears in 1 contract

Samples: Financing Agreement Special Conditions

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