The Duration of the Agreement Sample Clauses

The Duration of the Agreement. OPTION TO PROLONG THE AGREEMENT This Agreement shall become effective on execution by the two parties. HER's right of utilisation shall run for 18 years for each LWL route, starting on the date that the LWL route is made available/accepted (see too clause 2.6.1., paragraph 1). HER shall have the option to prolong the Agreement and to exercise this option for each individual LWL route. Should HER wish to exercise such an option, HER shall be required to submit a written declaration to this effect to GVS by no later than ##MATERIAL OMITTED AND SEPARATELY FILED UNDER A REQUEST FOR CONFIDENTIAL TREATMENT## months before the end of the contractual period of use of the first LWL route to be made available. Should this option be exercised, this Agreement shall be prolonged by such a period for each LWL route that a total lease of 30 years results, measured in terms of the LWL route first made available to HER. The following arrangement shall apply as regards the user fee during the period affected by the option set out in paragraph 2: GVS shall calculate the real market value of the network (##MATERIAL OMITTED AND SEPARATELY FILED UNDER A REQUEST FOR CONFIDENTIAL TREATMENT## of its replacement value at the time that the option was exercised) at the beginning of the period when the option starts and shall notify HER of this value. Should HER not be in agreement with the replacement value as calculated by GVS, the contracting parties shall endeavour to reach a unanimous agreement concerning the replacement value within four weeks of receipt of the above notification. Should it not be possible for the parties to reach such an agreement within this period, they shall appoint an expert to calculate the replacement value and shall make such an appointment within a further period of two weeks. Should the contracting parties, during this extended period, fail to reach an agreement concerning which expert to appoint, a suitable expert shall be appointed by the President of the Chamber of Industry and Commerce in Frankfurt on the application of one of the parties. An expert appointed in this way shall calculate the replacement value in the capacity of an arbitration expert pursuant to sections 315 ff of the German Civil Code (BGB). The expert shall also decide who is to pay his or her fees. The real market value calculated in this way (##MATERIAL OMITTED AND SEPARATELY FILED UNDER A REQUEST FOR CONFIDENTIAL TREATMENT## of the replacement value) shall be valued using a suit...
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The Duration of the Agreement. The Agreement is for Ten years with an option for the Council to review on notice after five years. The Agreement can be varied by the Council only either unilaterally or in response to a proposal from the ALMO which the Council is not obliged to accept. The parties will then decide what impact the variation will have on the Management fee and whether it should be increased or decreased. In the event that there is a dispute over the fee or if the ALMO considers the Council’s variation significantly changes the fundamental nature of the agreement this issue this will be resolved by the Dispute Resolution Procedure.
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The Duration of the Agreement. The Duration of this Consultancy Agreement shall be from the date affixed above until the [end_date] unless terminated early in accordance with clause 6.3.
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The Duration of the Agreement. 2.1. The agreement comes into force the moment it is signed by the Contracting Parties and is valid for a period of 5 (five) years, that is from 24 December 2015 to 24 December 2020.
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The Duration of the Agreement. A.2.1. This Agreement has no fixed or minimum duration.
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Related to The Duration of the Agreement

  • Duration of the Agreement This Agreement shall come into effect on the day and year stated in Box 4 and shall continue until the date stated in Box 17. Thereafter it shall continue until terminated by either party giving to the other notice in writing, in which event the Agreement shall terminate upon the expiration of a period of two months from the date upon which such notice was given.

  • Termination of the Agreement In the event of failure by the participant to perform any of the obligations arising from the agreement, and regardless of the consequences provided for under the applicable law, the institution is legally entitled to terminate or cancel the agreement without any further legal formality where no action is taken by the participant within one month of receiving notification by registered letter. If the participant terminates the agreement before its agreement ends or if he/she fails to follow the agreement in accordance with the rules, he/she shall have to refund the amount of the grant already paid, except if agreed differently with the sending organisation. In case of termination by the participant due to "force majeure", i.e. an unforeseeable exceptional situation or event beyond the participant's control and not attributable to error or negligence on his/her part, the participant shall be entitled to receive at least the amount of the grant corresponding to the actual duration of the mobility period. Any remaining funds shall have to be refunded, except if agreed differently with the sending organisation.

  • Confirmation of the Agreement Except as amended hereby, the Agreement shall remain in full force and effect and is hereby ratified and confirmed in all respects.

  • Execution of the Agreement The Company, the party executing this Agreement on behalf of the Company, and the Consultant, have the requisite corporate power and authority to enter into and carry out the terms and conditions of this Agreement, as well as all transactions contemplated hereunder. All corporate proceedings have been taken and all corporate authorizations and approvals have been secured which are necessary to authorize the execution, delivery and performance by the Company and the Consultant of this Agreement. This Agreement has been duly and validly executed and delivered by the Company and the Consultant and constitutes a valid and binding obligation, enforceable in accordance with the respective terms herein. Upon delivery of this Agreement, this Agreement, and the other agreements and exhibits referred to herein, will constitute the valid and binding obligations of Company, and will be enforceable in accordance with their respective terms. Delivery may take place via facsimile transmission.

  • Duration and Termination of the Agreement This Agreement shall become effective upon its execution; provided, however, that this Agreement shall not become effective unless it has first been approved (a) by a vote of the Independent Trustees, cast in person at a meeting called for the purpose of voting on such approval, and (b) by an affirmative vote of a majority of the outstanding voting shares of the Fund. This Agreement shall remain in full force and effect continuously thereafter, except as follows:

  • Ratification of the Agreement As amended by this Amendment, the Agreement is in all respects ratified and confirmed, and the Agreement, as so amended by this Amendment, shall be read, taken and construed as one and the same instrument.

  • Incorporation of the Agreement All capitalized terms which are not defined hereunder shall have the same meanings as set forth in the Agreement, and the Agreement, to the extent not inconsistent with this Amendment, is incorporated herein by this reference as though the same were set forth in its entirety. To the extent any terms and provisions of the Agreement are inconsistent with the amendments set forth in Paragraph 2 below, such terms and provisions shall be deemed superseded hereby. Except as specifically set forth herein, the Agreement shall remain in full force and effect and its provisions shall be binding on the parties hereto.

  • Terms of the Agreement Each Party shall treat the terms of this Agreement as the Confidential Information of other Party, subject to the exceptions set forth in Section 7.2. Notwithstanding the foregoing, each Party acknowledges that the other Party may be obligated to file a copy of this Agreement with the SEC, either as of the Effective Date or at some point during the Term. Each Party shall be entitled to make such a required filing, provided that it requests confidential treatment of certain commercial terms and sensitive technical terms hereof to the extent such confidential treatment is reasonably available to it. In the event of any such filing, the filing Party shall provide the other Party with a copy of the Agreement marked to show provisions for which the filing Party intends to seek confidential treatment and shall reasonably consider and incorporate the other Party’s comments thereon to the extent consistent with the legal requirements governing redaction of information from material agreements that must be publicly filed. The other Party shall promptly provide any such comments.

  • Amendment of the Agreement The Agreement is hereby amended as follows:

  • Term and Termination of the Agreement 15.1. Term and duration of the Agreement The Standard Transmission Agreement shall enter into force on the Start Date of this Standard Transmission Agreement and shall be effective for an undetermined term.

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