Common use of COMMENCEMENT AND TERMINATION Clause in Contracts

COMMENCEMENT AND TERMINATION. A. This Agreement is initially effective for a three month period from 12:01 a.m., Eastern Standard Time, October 1, 2007, (the “Effective Date”) to December 31, 2007. Either party may terminate the Agreement as of December 31, 2007 by giving 60 days written notice by certified or registered mail. After the initial period, this Agreement will be effective for 12 month periods and each party will have the option to cancel at any time by giving 60 days written notice to the other party by certified or registered mail.

Appears in 4 contracts

Samples: Memorandum of Agreement (CastlePoint Holdings, Ltd.), Memorandum of Agreement (Tower Group, Inc.), Memorandum of Agreement (CastlePoint Holdings, Ltd.)

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COMMENCEMENT AND TERMINATION. A. This Agreement is initially effective for a three month period from at 12:01 a.m., Eastern Standard Time, October 1, 2007, April 1 2006 (the “Effective Date”) to December 31, 2007and shall have a term of three (3) years. Either party may terminate the Agreement as of December 31, 2007 the date twelve (12) months after the Effective Date and on the twelve month anniversary thereafter thereafter by giving 60 at least sixty (60) days written notice by certified or registered mail. After the initial period, this Agreement will be effective for 12 month periods and each party will have the option to cancel at any time by giving 60 days prior written notice to the other party by certified or registered mail, or as otherwise provid3ed below.

Appears in 2 contracts

Samples: Quota Share Reinsurance Agreement (Tower Group, Inc.), Quota Share Reinsurance Agreement (CastlePoint Holdings, Ltd.)

COMMENCEMENT AND TERMINATION. A. This Agreement is initially effective for a three month period from at 12:01 a.m., Eastern Standard Time, October April 1, 2007, 2006 (the “Effective Date”) to December 31, 2007and shall have a term of three (3) years. Either party may terminate the Agreement as of December 31, 2007 the date twelve (12) months after the Effective Date and on the twelve month anniversary thereafter thereafter by giving 60 at least sixty (60) days written notice by certified or registered mail. After the initial period, this Agreement will be effective for 12 month periods and each party will have the option to cancel at any time by giving 60 days prior written notice to the other party by certified or registered mail, or as otherwise provided below.

Appears in 2 contracts

Samples: Quota Share Reinsurance Agreement (CastlePoint Holdings, Ltd.), Reinsurance Agreement (Tower Group, Inc.)

COMMENCEMENT AND TERMINATION. A. This Agreement is initially effective for a three month period from at 12:01 a.m., Eastern Standard Time, October 1April 5, 2007, 2006 (the “Effective Date”) to December 31, 2007). Either party may terminate the Agreement as of December 31, 2007 the date thirty six (36) months after the Effective Date and annually thereafter by giving 60 days written notice by certified or registered mail. After the initial period, this Agreement will be effective for 12 month periods and each party will have the option to cancel at any time by giving 60 days least six (6) months prior written notice to the other party by certified or registered mail.

Appears in 2 contracts

Samples: Quota Share Reinsurance Agreement (CastlePoint Holdings, Ltd.), Quota Share Reinsurance Agreement (CastlePoint Holdings, Ltd.)

COMMENCEMENT AND TERMINATION. A. This Agreement is initially effective for a three month period from at 12:01 a.m., Eastern Standard Time, October April 1, 2007, 2006 (the “Effective Date”) to December 31, 2007and shall have a term of three (3) years. Either party may terminate the Agreement as of December 31, 2007 the date twelve (12) months after the Effective Date and on the twelve month anniversary thereafter by giving 60 at least sixty (60) days written notice by certified or registered mail. After the initial period, this Agreement will be effective for 12 month periods and each party will have the option to cancel at any time by giving 60 days prior written notice to the other party by certified or registered mail, or as otherwise provided below.

Appears in 2 contracts

Samples: Quota Share Reinsurance Agreement (Tower Group, Inc.), Quota Share Reinsurance Agreement (CastlePoint Holdings, Ltd.)

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COMMENCEMENT AND TERMINATION. A. This Agreement is initially effective for a three six month period from 12:01 a.m., Eastern Standard Time, October July 1, 2007, (the “Effective Date”) to December 31, 2007. Either party may terminate the Agreement as of December 31, 2007 by giving 60 days written notice by certified or registered mail. After the initial period, this Agreement will be effective for 12 month periods and each party will have the option to cancel at any time December 31 by giving 60 90 days written notice to the other party by certified or registered mail.

Appears in 1 contract

Samples: Agreement (CastlePoint Holdings, Ltd.)

COMMENCEMENT AND TERMINATION. A. This Agreement is initially effective for a three month period from at 12:01 a.m., Eastern Standard Time, October 1April 4, 2007, 2006 (the “Effective Date”) to December 31, 2007). Either party may terminate the Agreement as of December 31, 2007 the date thirty six (36) months after the Effective Date and annually thereafter by giving 60 days written notice by certified or registered mail. After the initial period, this Agreement will be effective for 12 month periods and each party will have the option to cancel at any time by giving 60 days least six (6) months prior written notice to the other party by certified or registered mail.

Appears in 1 contract

Samples: Quota Share Reinsurance Agreement (CastlePoint Holdings, Ltd.)

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