Term and Termination 4 Sample Clauses

Term and Termination 4. 1 This Agreement shall become effective upon its execution by both parties and unless it is terminated earlier in accordance with Paragraph 4.2, this Agreement shall continue in full force and effect for a period beginning on the execution of this Agreement through December 31, 2027. This Agreement shall automatically renew each successive 10 year term, unless either party terminate this Agreement by providing written notice of termination to the other party at least 18 months prior to termination of the Agreement under the respective term. [20] [20] Considered different royalty rate upon expiration of all patents, e.g., upon the expiration of the last to expire PATENT, the royalty shall be reduced to 2%.
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Term and Termination 4. 1 This Agreement shall become effective as of the last date entered in Section 17 of this Agreement (“Effective Date”). This Agreement shall continue in full force and effect until the earliest date that one of the following events occurs: (a) The Parties agree in writing to terminate the Agreement; or (b) Unless otherwise agreed in writing by the Parties, at 12:01 A.M. on the day following the date the electric service account through which Producer’s Generating Facility is interconnected to SCE’s Distribution System is closed or terminated; or (c) At 12:01 A.M. on the 61st day after Producer or SCE provides written Notice pursuant to Section 9 of this Agreement to the other Party of Producer’s or SCE’s intent to terminate this Agreement. 4.2 Producer may elect to terminate this Agreement for any reason pursuant to the terms of Section 4.1(c). SCE may elect to terminate this Agreement pursuant to the terms of Section 4.1(c) for one or more of the following reasons: (a) A change in applicable tariffs as approved or directed by the California Public Utilities Commission (“Commission”), or a change in any local, state or federal law, statute or regulation, either of which materially alters or otherwise affects SCE’s ability or obligation to perform SCE’s duties under this Agreement; or (b) Unless otherwise agreed in writing by the Parties, Producer fails to take all corrective actions specified in SCE’s Notice, within the timeframe set forth in such Notice, that Producer’s Generating Facility is out of compliance with the terms of this Agreement; or (c) Producer fails to interconnect and operate the Generating Facility per the terms of this Agreement within 120 days of the date of Parallel Operation as set forth in Section 2.8 of this Agreement; or (d) Producer abandons the Generating Facility. SCE shall deem the Generating Facility to be abandoned if (i) SCE determines, in its sole opinion, that the Generating Facility is non-operational, (ii) SCE provides Producer with Notice of its intent to terminate this Agreement as a result of Producer’s apparent abandonment of the Generating Facility, and (iii) Producer does not respond by affirming Producer’s intent and ability to continue to operate the Generating Facility. (e) Producer makes a change to the physical configuration of the Generating Facility, as declared in Section 2 and Appendix A of this Agreement. 4.3 Notwithstanding any other provisions of this Agreement, SCE shall have the right to unilaterally...
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Term and Termination 4. 1 This Contract and the rights and obligations of the Parties to this Contract shall take effect upon the execution of this Contract and shall continue in full force and effect unless earlier terminated as provided herein. 4.2 This Contract may be terminated as follows: (1) The Parties unanimously agree to terminate this Contract through consultation. (2) If any Party enters into any voluntary or involuntary bankruptcy proceedings unless the same are dismissed within 90 days after their commencement or such Party is declared bankrupt by courts or any other Governing Authorities, any of the other Parties may terminate this Contract upon written notice to such Party. (3) This Contract may be terminated due to the occurrence of any event of Force Majeure under Article 8.7. (4) If, because of any substantial change in Applicable Laws or the interpretation thereof, or any amendment or supplement to or rescission by any Governing Authority thereof, the major objectives of any of the Relevant Contracts cannot be achieved or the major interests of any Party thereunder cannot be realized, the affected Party may upon written notice to the other Party terminate this Contract. 2 <PAGE> 4.3 When the term of this Contract expires or in the event of earlier termination, unless such earlier termination is due to a material breach of a Party and Article 8 above applies, this Contract shall become invalid and the Parties shall not be required to bear the obligations and duties under the terms of this Contract unless otherwise required herein (that is Articles 10, 11, 12, 13, 14,15 and 16 of this Contract). ARTICLE 5.
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Term and Termination 4. 1 TERM This Agreement shall take effect on the Effective Date and shall continue until June 30, 2000. 4.2
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Term and Termination 4. Doba trvání a ukončení The term of this Statement of Work Addendum shall commence on the day of its publication in the register of contracts pursuant to Act No. 340 Coll., on special conditions for the effectiveness of certain contracts , the publication of such contracts and the register of contracts (Law on the Register of Contracts) and end upon the completion of Services (expected end date Dec 31, 2018) unless otherwise terminated in accordance with the Doba trvání platnosti této Dílčí smlouvy začíná dnem jejího uveřejnění v registru smluv podle zákona č. 340/2015 Sb., o zvláštních podmínkách účinnosti některých smluv, uveřejňování těchto smluv a o registru smluv (zákon o registru smluv) a skončí po dokončení Služeb (předpokládaný termín 31.12.2018), pokud v souladu s Dohodou neskončí jinak. Agreement.
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Term and Termination 4. Section 2.01 Term 4 Section 2.02 Termination Following a Force Majeure Event 4 Section 2.03 Special Termination by Company 4
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Term and Termination 4. 1 This Agreement shall become effective as of the Effective Date and, unless earlier terminated pursuant to the other provisions of this Article 4, shall continue in full force and effect as long as PMC is obligated to pay royalties on Net Sales under this Agreement, and shall thereafter expire. PMC's license under Section 2.1 shall survive such expiration, but not an earlier termination. 4.2 In the event of a material breach of this Agreement the nonbreaching party in addition to any other remedy which it may have shall be entitled to terminate this Agreement following written notice of such breach to the breaching party. If such breach is not cured within sixty (60) days after written notice is given by the nonbreaching party to the breaching party specifying the breach, the non-breaching party may terminate the Agreement forthwith upon written notice to the breaching party after expiration of such 60-day period. 4.3 4.3.1 Termination of this Agreement for any reason shall not release either party hereto from any liability which at the time of such termination has already accrued to the other party. 4.3.2 In the event this Agreement is terminated for any reason, PMC and its Affiliates and Licensees shall have the right to sell or otherwise dispose of the stock of any Licensed Product then on hand, all subject to the payment to MEDIMMUNE of fees and royalties pursuant to Article 3 hereof. 4.3.3 Articles 6, 10, and 11, and Sections 4.1, 4.3, 4.4, and 5.5, shall survive the expiration and any termination of this Agreement. Except as otherwise provided in Section 4.1 and Section 4.3, all rights and obligations of the parties under this Agreement shall terminate upon the expiration or termination of this Agreement. 4.4. In the event that PMC's rights and licenses under this Agreement are terminated, PMC agrees not to make, use or sell Licensed Products except as permitted by paragraph 4.3.2. 4.5 Either party may terminate this Agreement upon written notice if the other party makes a general assignment for the benefit of creditors, is the subject of proceedings in voluntary or involuntary bankruptcy or has a receiver or trustee appointed for substantially all of its property; provided that in the case of an involuntary bankruptcy proceeding such right to terminate shall only become effective if the other party consents thereto or such proceeding is not dismissed within ninety (90) days after the filing thereof. If, in connection with bankruptcy proceedings inv...
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Term and Termination 4 
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Related to Term and Termination 4

  • Term and Termination In any case, if not sooner terminated, this Agreement shall expire at the close of business on the effective date that the Offering is terminated. This Agreement may be terminated by either party (a) immediately upon notice to the other party in the event that the other party shall have materially failed to comply with any material provision of this Agreement or if any of the representations, warranties, covenants or agreements of such party contained herein shall not have been materially complied with and such failure to comply is not cured within ten (10) days after the date of such occurrence or (b) on 60 days’ written notice. In any event, this Agreement shall be deemed suspended during any period for which the Dealer Manager’s license or registration to act as a broker dealer shall be revoked or suspended by any federal, self-regulatory or state agency. In addition, the Dealer Manager, upon the expiration or termination of this Agreement, shall (a) promptly deposit any and all funds in its possession which were received from investors for the sale of Shares into the appropriate escrow account or, if the Minimum Offering has been reached, into such other account as the Company may designate; and (b) promptly deliver to the Company all records and documents in its possession which relate to the Offering which are not designated as dealer copies. The Dealer Manager, at its sole expense, may make and retain copies of all such records and documents required to be retained by the Dealer Manager pursuant to (i) Federal and state securities laws and the rules and regulations thereunder, (ii) the applicable rules of FINRA and (iii) the NASAA REIT Guidelines, but shall keep all such information confidential; provided, that, nothing contained in this Agreement shall prevent the Dealer Manager from disclosing any such information to any regulatory authority asserting jurisdiction over the Dealer Manager. The Dealer Manager shall use its reasonable best efforts to cooperate with the Company to accomplish any orderly transfer of management of the Offering to a party designated by the Company. Upon expiration or termination of this Agreement, the Company shall pay to the Dealer Manager all earned but unpaid compensation and reimbursement for all incurred, accountable compensation to which the Dealer Manager is or becomes entitled under Section 5 of this Agreement, including but not limited to any Distribution Fees, pursuant to the requirements of that Section 5 at such times as such amounts become payable pursuant to the terms of such Section 5 without acceleration; provided, however, that if the Minimum Offering is not reached prior to such expiration or termination, the Company shall not pay any such compensation and reimbursements to the Dealer Manager.

  • Term and Termination of Agreement 1. This Agreement shall run for a period of one (1) year from the date first written above and will be renewed from year to year thereafter unless terminated by either party as provided hereunder.

  • 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.

  • Appointment, Term, and Termination a. Client hereby engages and retains Dalmore to provide operations and compliance services at Client’s discretion.

  • Duration and Termination This Agreement shall become effective on July 21, 2015 and shall continue in effect until February 28, 2017, and thereafter, only if such continuance is approved at least annually by a vote of the Board, including the vote of a majority of the directors who are not parties to this Agreement or interested persons of any such party, cast in person, at a meeting called for the purpose of voting such approval. In addition, the question of continuance of this Agreement may be presented to the shareholders of the Portfolio; in such event, such continuance shall be effected only if approved by the affirmative vote of the holders of a majority of the outstanding voting securities of the Portfolio. This Agreement may at any time be terminated without payment of any penalty either by vote of the Board or by vote of the holders of a majority of the outstanding voting securities of the Portfolio, on not more than (60) sixty days’ written notice to the Manager. This Agreement shall automatically terminate in the event of its assignment. This Agreement may be terminated by the Manager after ninety (90) days’ written notice to the Fund. Any notice under this Agreement shall be given in writing, addressed and delivered, or mailed post-paid, to the other party at any office of such party. As used in this Section, the terms “assignment,” “interested persons,” “voting securities,” and a “majority of the outstanding voting securities” shall have the respective meanings set forth in Section 2(a)(4), Section 2(a)(19), Section 2(a)(42) of the 1940 Act and Rule 18f-2 thereunder.

  • Term and Termination of Employment (a) This Agreement shall be effective as of the Effective Date.

  • Expiration and Termination This Agreement is for one academic year (August 1, 2018 through July 31, 2019) and will automatically renew for the following academic year unless terminated as indicated below by either party.

  • Renewal and Termination A. This Agreement shall become effective on the date written below and shall continue in effect for two (2) years thereafter, unless sooner terminated as hereinafter provided and shall continue in effect thereafter for periods not exceeding one (1) year so long as such continuation is approved at least annually (i) by a vote of a majority of the outstanding voting securities of the Fund or by a vote of the Board of Trustees of the Trust, and (ii) by a vote of a majority of the Trustees of the Trust who are not parties to the Agreement (other than as Trustees of the Trust) or “interested persons” of any such party, cast in person at a meeting called for the purpose of voting on the Agreement.

  • Term of Agreement and Termination 2.1. This Agreement enters into effect at the time of acceptance of this Agreement.

  • Terms and Termination This Agreement shall be effective from the date hereof and unless earlier terminated in accordance with this Section 30.4.5, shall continue in effect until the Class Year Deliverability Study for Requestor’s External XXXX Rights is completed and approved by the NYISO Operating Committee. Requestor or NYISO may terminate this Agreement upon the withdrawal of Requestor’s External XXXX Rights Request under Section 25.7.11 of Attachment S to the ISO OATT or upon Developer’s withdrawal from the Class Year Interconnection Facilities Study pursuant to Section 25.7.7.1

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