Automatic Termination of the Agreement. The Agreement shall be deemed automatically terminated in case no Website of the Merchant has been in “active” status during the period of 6 (six) months.
Automatic Termination of the Agreement. If for any reason, ----------------------------------------- the Optionee has not exercised this Option on or before May 31, 2002, this Agreement and the underlying Option shall terminate at 5:00 p.m. on that date unless (i) the Tender Offer has commenced by that date, in which case the Option shall continue until the Expiration Date or (ii) the parties mutually agree in writing to extend such termination date.
Automatic Termination of the Agreement. This proceeds by the application of the widely accepted principle that you do not have to keep your word to someone who has already broken his. An automatic termination of the Agreement must be communicated in written form, and will be based on the particular motives determined by the parties and taken from the Agreement as the ones causing the automatic termination. Generally, this will deal with infractions of the pertinent clauses of the Agreement or the Appendix, which demand respect as being indispensable to the correct functioning of a Correspondents’ Agreement. Unlike the optional resolution and unless otherwise agreed, the automatic resolution is immediately effective, as it derives from the contractual breach or breaches from which it arises, regardless from the date on which the notification of contract termination is sent. Under analogous terms to the ones established by clause 13, there have been indemnities for damages substantiated in this case as well. Clause 15: Conduct of the parties during notice periods The provisions of this clause expressly reflect that although good faith and honesty in the performance of Agreements are always enforceable, they may require more rigorous enforcement at those times when one party might harm the interests of the other party more easily, which is the case prior to unilateral withdrawal or early termination of the Correspondents’ Agreements. In this context, it has been established that during the notice periods that precede unilateral withdrawal or early termination of the Agreements, the parties must terminate and settle their outstanding transactions and reconcile their accounts, since if these aspects of the correspondents’ relationship are not completed they cannot be deemed to have definitively terminated. Clause 16: Return of documents and use of logos and trademarks on expiration of the Agreement The contents of this clause are nothing more than a logical consequence of the expiration of the Correspondents’ Agreement, which in this particular respect is no different to other contractual relationships with a similar content. Clause 17: lnterpretation It is very advisable that a model Agreement intended for an activity, as the Freigth Forwarding activity, devoid of regulation in many countries, contain some guidelines in respect of the interpretation of its clauses to which the parties and, if appropriate, the arbitrators and courts may refer in order to settle such disputes as may arise in the appli...
Automatic Termination of the Agreement. 14.1 The breach of the clauses …….of the Agreement and/or of the clauses …….of the Appendix, will give rise to the automatic termination of the Agreement.
Automatic Termination of the Agreement. During the lease term, this Agreement shall be terminated and each of the parties shall be free from liability in case that any of the following conditions is satisfied:
Automatic Termination of the Agreement. The Agreement shall automatically terminate on the date when the Participant (or Beneficiary) has no further rights to or expectation of payment of further benefits under the Agreement.
Automatic Termination of the Agreement. The engagement shall terminate automatically upon your death. If termination of the consulting arrangement occurs for this reason, Buyer will be obligated to pay your estate any unpaid Consulting Fees within ten business days following the date it receives notice of your death.
Automatic Termination of the Agreement. This Agreement shall automatically terminate if NN fails to pay to ZGI when due (or within 10 days after written notice of past due) the full amount due from NN pursuant to SECTIONS 2.1 and 2.2 (including the one-half amount that is due upon, or becomes nonrefundable upon, satisfaction of the demonstration obligations set forth in SECTION 2.3); provided, however, that any termination shall not release either party from any obligations accrued prior thereto. Furthermore, this Agreement shall automatically terminate if the IL-21 Program terminates pursuant to this Agreement. Termination under this SECTION 8.7 shall not release either party from any obligations accrued prior thereto.
Automatic Termination of the Agreement. 1) The occurrence of any force majeure event destroys the conditions on which the continuance of performance of this Agreement relies, or renders the performance of the Agreement unnecessary.
