Common use of Period of Agreement Clause in Contracts

Period of Agreement. Termination of the charter contract between the public school academy and the authorizer (“Contract”) shall not affect the Agreement term. If the Authorizer terminates or does not reauthorize the Contract, the Authorizer’s obligations under this Agreement automatically terminate on the same day as the Contract terminates. If a different authorizing body issues a new charter contract to the Academy, the Academy must ensure before executing that charter contract that the new authorizing body has signed the Agreement and assumes the authorizer’s rights and obligations under the Agreement for the remainder of its term.

Period of Agreement. Termination of the charter contract between the public school academy and the authorizer (“Contract”) shall not affect the Agreement term. If the Authorizer terminates or does not reauthorize the Contract, the Authorizer’s obligations under this Agreement automatically terminate on the same day as the Contract terminates. If a different authorizing body issues a new charter contract to the Academy, the Academy must ensure before executing that charter contract that the new authorizing body has signed the Agreement and assumes the authorizer’s rights and obligations under the Agreement for the remainder of its term.term.‌

Period of Agreement. Termination of the charter contract between the public school academy and the authorizer (“Contract”) shall not affect the Agreement term. If the Authorizer terminates or does not reauthorize the Contract, the Authorizer’s obligations under this Agreement automatically terminate on the same day as the Contract terminates. If a different authorizing body issues a new charter contract to the Academy, the Academy must ensure before executing that charter contract that the new authorizing body has signed the Agreement and assumes the authorizer’s rights and obligations under the Agreement for the remainder of its term. Nothing in this Agreement shall prevent the Academy or Authorizer from exercising other termination or revocation rights set forth in the Contract or under applicable law.