Common use of AGREEMENT PERIOD Clause in Contracts

AGREEMENT PERIOD. 3.2.1 The tenure of the Agreement shall be for a period of 10 (ten) years commencing from the Appointed Date and ending on the Expiry Date (the “Agreement Period”). Provided that in the event of Termination, the Agreement Period shall mean and be limited to the period commencing from the Appointed Date and ending with the Termination Date. 3.2.2 The Parties may mutually agree to extend the term of this Agreement for a further period of 5 (five) years on mutually agreed terms and conditions subject to the following conditions: On the 8th (eighth) anniversary from the Appointed Date, if the Parties agree in principle that the Agreement Period is to be extended for further period, the Parties shall initiate dialogue to extend the term of this Agreement on mutually acceptable terms and conditions. If the Parties are unable to agree upon the mutually acceptable terms and conditions for extension of the Agreement by the expiry of the 9th (ninth) anniversary from the Appointed Date, then the Agreement shall expire on the 10th (tenth) anniversary from the Appointed Date and Authority shall acquire all of rights and interests in and to the Project.

Appears in 10 contracts

Samples: Project Development and Management Agreement, Project Development and Management Agreement, Project Development and Management Agreement

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AGREEMENT PERIOD. 3.2.1 The tenure of the Agreement shall be for a period of 10 (ten) years commencing from the Appointed Date and ending on the Expiry Date (the “Agreement Period”). Provided that in the event of Termination, the Agreement Period shall mean and be limited to the period commencing from the Appointed Date and ending with the Termination Date. 3.2.2 The Parties may mutually agree to extend the term of this Agreement for a further period of 5 (five) years on mutually agreed terms and conditions subject to the following conditions: On the 8th (eighth) anniversary from the Appointed Date, if the Parties agree in principle that the Agreement Period is to be extended for further period, the Parties shall initiate dialogue to extend the term of this Agreement on mutually acceptable terms and conditions. If the Parties are unable to agree upon the mutually acceptable terms and conditions for extension of the Agreement by the expiry of the 9th (ninth) anniversary from the Appointed Date, then the Agreement shall expire on the 10th (tenth10th(tenth) anniversary from the Appointed Date and Authority shall acquire all of rights and interests in and to the Project.

Appears in 5 contracts

Samples: Project Development and Management Agreement, Project Development and Management Agreement, Project Development and Management Agreement

AGREEMENT PERIOD. 3.2.1 The tenure of the Agreement shall be for a period of 10 15 (tenFifteen) years commencing from the Appointed Date and ending on the Expiry Date (the “Agreement Period”). Provided that in the event of Termination, the Agreement Period shall mean and be limited to the period commencing from the Appointed Date and ending with the Termination Date. 3.2.2 The Parties may mutually agree to extend the term of this Agreement for a further period of 5 (five) years on mutually agreed terms and conditions subject to the following conditions: On the 8th 13th (eighthThirteenth) anniversary from the Appointed Date, if the Parties agree in principle that the Agreement Period is to be extended for further period, the Parties shall initiate dialogue to extend the term of this Agreement on mutually acceptable terms and conditions. If the Parties are unable to agree upon the mutually acceptable terms and conditions for extension of the Agreement by the expiry of the 9th 14th (ninthForteenth) anniversary from the Appointed Date, then the Agreement shall expire on the 10th (tenth15th(Fifteenth) anniversary from the Appointed Date and Authority shall acquire all of rights and interests in and to the Project.

Appears in 5 contracts

Samples: Project Development and Management Agreement, Project Development and Management Agreement, Project Development and Management Agreement

AGREEMENT PERIOD. 3.2.1 The tenure of the Agreement shall be for a period of 10 (ten) years commencing from the Appointed Date and ending on the Expiry Date (the “Agreement Period”). Provided that in the event of Termination, the Agreement Period shall mean and be limited to the period commencing from the Appointed Date and ending with the Termination Date. 3.2.2 The Parties may mutually agree to extend the term of this Agreement for a further period of 5 (five) years on mutually agreed terms and conditions subject to the following conditions: On thOn the 8th 8 (eighth) anniversary from the Appointed Date, if the Parties agree in principle that the Agreement Period is to be extended for further period, the Parties shall initiate dialogue to extend the term of this Agreement on mutually acceptable terms and conditions. If the Parties are unable to agree upon the mutually acceptable terms and conditions for extension of the Agreement by the expiry of the 9th (ninth) anniversary year from the Appointed Date, then the Agreement shall expire on the 10th (tenth) anniversary end of five year, from the Appointed Date and Authority shall acquire all of rights and interests in and to the Project.

Appears in 5 contracts

Samples: Project Development and Management Agreement, Project Development and Management Agreement, Project Development and Management Agreement

AGREEMENT PERIOD. 3.2.1 The tenure of the Agreement shall be for a period of 10 15 (tenFifteen) years commencing from the Appointed Date and ending on the Expiry Date (the “Agreement Period”). Provided that in the event of Termination, the Agreement Period shall mean and be limited to the period commencing from the Appointed Date and ending with the Termination Date. 3.2.2 The Parties may mutually agree to extend the term of this Agreement for a further period of 5 (five) years on mutually agreed terms and conditions subject to the following conditions: On the 8th (eighth) anniversary from the Appointed Date, if the Parties agree in principle that the Agreement Period is to be extended for further period, the Parties shall initiate dialogue to extend the term of this Agreement on mutually acceptable terms and conditions. If the Parties are unable to agree upon the mutually acceptable terms and conditions for extension of the Agreement by the expiry of the 9th (ninth) anniversary from the Appointed Date, then the Agreement shall expire on the 10th (tenth10th(tenth) anniversary from the Appointed Date and Authority shall acquire all of rights and interests in and to the Project.

Appears in 3 contracts

Samples: Project Development and Management Agreement, Project Development and Management Agreement, Project Development and Management Agreement

AGREEMENT PERIOD. 3.2.1 The tenure of the Agreement shall be for a period of 10 15 (tenfifteen) years commencing from the Appointed Date and ending on the Expiry Date (the “Agreement Period”). Provided that in the event of Termination, the Agreement Period shall mean and be limited to the period commencing from the Appointed Date and ending with the Termination Date. 3.2.2 The Parties may mutually agree to extend the term of this Agreement for a further period of 5 (five) years on mutually agreed terms and conditions subject to the following conditions: On the 8th 13th (eighththirteenth) anniversary from the Appointed Date, if the Parties agree in principle that the Agreement Period is to be extended for further period, the Parties shall initiate dialogue to extend the term of this Agreement on mutually acceptable terms and conditions. If the Parties are unable to agree upon the mutually acceptable terms and conditions for extension of the Agreement by the expiry of the 9th 14th (ninthfourteenth) anniversary from the Appointed Date, then the Agreement shall expire on the 10th 15th (tenthfifteenth) anniversary from the Appointed Date and Authority shall acquire all of rights and interests in and to the Project.

Appears in 3 contracts

Samples: Project Development and Management Agreement, Project Development and Management Agreement, Project Development and Management Agreement

AGREEMENT PERIOD. 3.2.1 The tenure of the Agreement shall be for a period of 10 25 (tentwenty fi]ve) years commencing from the Appointed Date and ending on the Expiry Date (the “Agreement Period”). Provided that in the event of Termination, the Agreement Period shall mean and be limited to the period commencing from the Appointed Date and ending with the Termination Date. 3.2.2 The Parties may mutually agree to extend the term of this Agreement for a further period of 5 (five) years on mutually agreed terms and conditions subject to the following conditions: On the 8th 23rd (eighthTwenty Third) anniversary from the Appointed Date, if the Parties agree in principle that the Agreement Period is to be extended for further period, the Parties shall initiate dialogue to extend the term of this Agreement on mutually acceptable terms and conditions. If the Parties are unable to agree upon the mutually acceptable terms and conditions for extension of the Agreement by the expiry of the 9th 24th (ninthTwenty Fourth) anniversary from the Appointed Date, then the Agreement shall expire on the 10th 25th (tenthTwenty Fi]fth) anniversary from the Appointed Date and Authority shall acquire all of rights and interests in and to the Project.

Appears in 2 contracts

Samples: Project Development and Management Agreement, Project Development and Management Agreement

AGREEMENT PERIOD. 3.2.1 The tenure of the Agreement shall be for a period of 10 (ten) years commencing from the Appointed Date and ending on the Expiry Date (the “Agreement Period”). Provided that in the event of Termination, the Agreement Period shall mean and be limited to the period commencing from the Appointed Date and ending with the Termination Date. 3.2.2 The Parties may mutually agree to extend the term of this Agreement for a further period of 5 10 (fiveTen) years on mutually agreed terms and conditions subject to the following conditions: On thOn the 8th 8 (eighth) anniversary from the Appointed Date, if the Parties agree in principle that the Agreement Period is to be extended for further period, the Parties shall initiate dialogue to extend the term of this Agreement on mutually acceptable terms and conditions. If the Parties are unable to agree upon the mutually acceptable terms and conditions for extension of the Agreement by the expiry of the 9th (ninth) anniversary year from the Appointed Date, then the Agreement shall expire on the 10th (tenth) anniversary end of five year, from the Appointed Date and Authority shall acquire all of rights and interests in and to the Project.

Appears in 2 contracts

Samples: Project Development and Management Agreement, Project Development and Management Agreement

AGREEMENT PERIOD. 3.2.1 The tenure of the Agreement shall be for a period of 10 15 (tenFifteen) years commencing from the Appointed Date and ending on the Expiry Date (the “Agreement Period”). Provided that in the event of Termination, the Agreement Period shall mean and be limited to the period commencing from the Appointed Date and ending with the Termination Date. 3.2.2 The Parties may mutually agree to extend the term of this Agreement for a further period of 5 (five) years on mutually agreed terms and conditions subject to the following conditions: On the 8th (eighth) anniversary from the Appointed Date, if the Parties agree in principle that the Agreement Period is to be extended for further period, the Parties shall initiate dialogue to extend the term of this Agreement on mutually acceptable terms and conditions. If the Parties are unable to agree upon the mutually acceptable terms and conditions for extension of the Agreement by the expiry of the 9th (ninth) anniversary from the Appointed Date, then the Agreement shall expire on the 10th (tenth10th(tenth) anniversary from the Appointed Date and Authority shall acquire all of rights and interests in and to the Project.

Appears in 1 contract

Samples: Project Development and Management Agreement

AGREEMENT PERIOD. 3.2.1 The tenure of the Agreement shall be for a period of 10 20 (tentwenty) years commencing from the Appointed Date and ending on the Expiry Date (the “Agreement Period”). Provided that in the event of Termination, the Agreement Period shall mean and be limited to the period commencing from the Appointed Date and ending with the Termination Date. 3.2.2 The Parties may mutually agree to extend the term of this Agreement for a further period of 5 (five) years on mutually agreed terms and conditions subject to the following conditions: On the 8th 18th (eighthEighteenth) anniversary from the Appointed Date, if the Parties agree in principle that the Agreement Period is to be extended for further period, the Parties shall initiate dialogue to extend the term of this Agreement on mutually acceptable terms and conditions. If the Parties are unable to agree upon the mutually acceptable terms and conditions for extension of the Agreement by the expiry of the 9th 19th (ninthNinteenth) anniversary from the Appointed Date, then the Agreement shall expire on the 10th 20th (tenthfifteenth) anniversary from the Appointed Date and Authority shall acquire all of rights and interests in and to the Project.

Appears in 1 contract

Samples: Project Development and Management Agreement

AGREEMENT PERIOD. 3.2.1 The tenure of the Agreement shall be for a period of 10 (ten) years commencing from the Appointed Date and ending on the Expiry Date (the “Agreement Period”). Provided that in the event of Termination, the Agreement Period shall mean and be limited to the period commencing from the Appointed Date and ending with the Termination Date. 3.2.2 The Parties may mutually agree to extend the term of this Agreement for a further period of 5 (five) years on mutually agreed terms and conditions subject to the following conditions: On the 8th 13th (eighththirteenth) anniversary from the Appointed Date, if the Parties agree in principle that the Agreement Period is to be extended for further period, the Parties shall initiate dialogue to extend the term of this Agreement on mutually acceptable terms and conditions. If the Parties are unable to agree upon the mutually acceptable terms and conditions for extension of the Agreement by the expiry of the 9th 14th (ninthfourteenth) anniversary from the Appointed Date, then the Agreement shall expire on the 10th 15th (tenthfifteenth) anniversary from the Appointed Date and Authority shall acquire all of rights and interests in and to the Project.

Appears in 1 contract

Samples: Project Development and Management Agreement

AGREEMENT PERIOD. 3.2.1 The tenure of the Agreement shall be for a period of 10 (ten) years commencing from the Appointed Date and ending on the Expiry Date (the “Agreement Period”). Provided that in the event of Termination, the Agreement Period shall mean and be limited to the period commencing from the Appointed Date and ending with the Termination Date. 3.2.2 The Parties may mutually agree to extend the term of this Agreement for a further period of 5 10 (fiveTen) years on mutually agreed terms and conditions subject to the following conditions: On the 8th (eighth) anniversary from the Appointed Date, if the Parties agree in principle that the Agreement Period is to be extended for further period, the Parties shall initiate dialogue to extend the term of this Agreement on mutually acceptable terms and conditions. If the Parties are unable to agree upon the mutually acceptable terms and conditions for extension of the Agreement by the expiry of the 9th (ninth) anniversary year from the Appointed Date, then the Agreement shall expire on the 10th (tenth) anniversary end of five year, from the Appointed Date and Authority shall acquire all of rights and interests in and to the Project.

Appears in 1 contract

Samples: Project Development and Management Agreement

AGREEMENT PERIOD. 3.2.1 The tenure of the Agreement shall be for a period of 10 25 (tentwenty five) years commencing from the Appointed Date and ending on the Expiry Date (the “Agreement Period”). Provided that in the event of Termination, the Agreement Period shall mean and be limited to the period commencing from the Appointed Date and ending with the Termination Date. 3.2.2 . The Parties may mutually agree to extend the term of this Agreement for a further period of 5 (five) years on mutually agreed terms and conditions subject to the following conditions: On the 8th 24th (eighthtwenty forth) anniversary from the Appointed Date, if the Parties agree in principle that the Agreement Period is to be extended for further period, the Parties shall initiate dialogue to extend the term of this Agreement on mutually acceptable terms and conditions. If the Parties are unable to agree upon the mutually acceptable terms and conditions for extension of the Agreement by the expiry of the 9th 24th (ninthTwenty Forth) anniversary from the Appointed Date, then the Agreement shall expire on the 10th 25th (tenthtwenty fift) anniversary from the Appointed Date and Authority shall acquire all of rights and interests in and to the Project.

Appears in 1 contract

Samples: Project Development and Management Agreement

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AGREEMENT PERIOD. 3.2.1 The tenure of the Agreement shall be for a period of 10 (ten) 15 years commencing from the Appointed Date and ending on the Expiry Date (the “Agreement Period”). Provided that in the event of Termination, the Agreement Period shall mean and be limited to the period commencing from the Appointed Date and ending with the Termination Date. 3.2.2 The Parties may mutually agree to extend the term of this Agreement for a further period of 5 (five) years on mutually agreed terms and conditions subject to the following conditions: On the 8th 13th (eighth) anniversary from the Appointed Date, if the Parties agree in principle that the Agreement Period is to be extended for further period, the Parties shall initiate dialogue to extend the term of this Agreement on mutually acceptable terms and conditions. If the Parties are unable to agree upon the mutually acceptable terms and conditions for extension of the Agreement by the expiry of the 9th (ninth) anniversary 9 year from the Appointed Date, then the Agreement shall expire on the 10th (tenth) anniversary end of five year, from the Appointed Date and Authority shall acquire all of rights and interests in and to the Project.

Appears in 1 contract

Samples: Project Development and Management Agreement

AGREEMENT PERIOD. 3.2.1 The tenure of the Agreement shall be for a period of 10 (ten) years commencing from the Appointed Date and ending on the Expiry Date (the “Agreement Period”). Provided that in the event of Termination, the Agreement Period shall mean and be limited to the period commencing from the Appointed Date and ending with the Termination Date. 3.2.2 The Parties may mutually agree to extend the term of this Agreement for a further period of 5 10 (fiveten) years on mutually agreed terms and conditions subject to the following conditions: On the 8th (eighth) anniversary from the Appointed Date, if the Parties agree in principle that the Agreement Period is to be extended for further period, the Parties shall initiate dialogue to extend the term of this Agreement on mutually acceptable terms and conditions. If the Parties are unable to agree upon the mutually acceptable terms and conditions for extension of the Agreement by the expiry of the 9th (ninth) anniversary from the Appointed Date, then the Agreement shall expire on the 10th (tenth) anniversary from the Appointed Date and Authority shall acquire all of rights and interests in and to the Project.

Appears in 1 contract

Samples: Project Development and Management Agreement

AGREEMENT PERIOD. 3.2.1 The tenure of the Agreement shall be for a period of 10 15 (tenFifteen) years commencing from the Appointed Date and ending on the Expiry Date (the “Agreement Period”). Provided that in the event of Termination, the Agreement Period shall mean and be limited to the period commencing from the Appointed Date and ending with the Termination Date. 3.2.2 The Parties may mutually agree to extend the term of this Agreement for a further period of 5 (five) years on mutually agreed terms and conditions subject to the following conditions: On the 8th 13th (eighthThirteenth) anniversary from the Appointed Date, if the Parties agree in principle that the Agreement Period is to be extended for further period, the Parties shall initiate dialogue to extend the term of this Agreement on mutually acceptable terms and conditions. If the Parties are unable to agree upon the mutually acceptable terms and conditions for extension of the Agreement by the expiry of the 9th Fourteenth (ninth14th) anniversary from the Appointed Date, then the Agreement shall expire on the 10th 15th (tenthFifteenth) anniversary from the Appointed Date and Authority shall acquire all of rights and interests in and to the Project.

Appears in 1 contract

Samples: Project Development and Management Agreement

AGREEMENT PERIOD. 3.2.1 3.3.1 The tenure of the Agreement shall be for a period of 10 ……..(ten……….) years “As detailed in RFP” commencing from the Appointed Date and ending on the Expiry Date (the “Agreement Period”). Provided that in the event of Termination, the Agreement Period shall mean and be limited to the period commencing from the Appointed Date and ending with the Termination Date. 3.2.2 3.3.2 The Parties may mutually agree to extend the term of this Agreement for a further period of 5 …. (five……) “As applicable” years on mutually agreed terms and conditions subject to the following conditions: On the 8th (eighth) anniversary from the Appointed Date, if the Parties agree in principle that the Agreement Period is to be extended for further period, the Parties shall initiate dialogue to extend the term of this Agreement on mutually acceptable terms and conditions. If the Parties are unable to agree upon the mutually acceptable terms and conditions for extension of the Agreement by the expiry of the 9th (ninth) anniversary from the Appointed DateAgreement, then the Agreement shall expire on the 10th (tenth) anniversary from the Appointed Date and Authority shall acquire all of rights and interests in and to the Project.

Appears in 1 contract

Samples: Project Development and Management Agreement

AGREEMENT PERIOD. 3.2.1 The tenure of the Agreement shall be for a period of 10 15 (tenFifteen) years commencing from the Appointed Date and ending on the Expiry Date (the “Agreement Period”). Provided that in the event of Termination, the Agreement Period shall mean and be limited to the period commencing from the Appointed Date and ending with the Termination Date. 3.2.2 The Parties may mutually agree to extend the term of this Agreement for a further period of 5 (five) years on mutually agreed terms and conditions subject to the following conditions: On the 8th 13th (eighthThirteenth) anniversary from the Appointed Date, if the Parties agree in principle that the Agreement Period is to be extended for further period, the Parties shall initiate dialogue to extend the term of this Agreement on mutually acceptable terms and conditions. If the Parties are unable to agree upon the mutually acceptable terms and conditions for extension of the Agreement by the expiry of the 9th Forteenth (ninth14th ) anniversary from the Appointed Date, then the Agreement shall expire on the 10th (tenth15th(Fifteenth) anniversary from the Appointed Date and Authority shall acquire all of rights and interests in and to the Project.

Appears in 1 contract

Samples: Project Development and Management Agreement

AGREEMENT PERIOD. 3.2.1 The tenure of the Agreement shall be for a period of 10 (ten) years commencing from the Appointed Date and ending on the Expiry Date (the “Agreement Period”). Provided that in the event of Termination, the Agreement Period shall mean and be limited to the period commencing from the Appointed Date and ending with the Termination Date. 3.2.2 The Parties may mutually agree to extend the term of this Agreement for a further period of 5 (five) years on mutually agreed terms and conditions subject to the following conditions: On the 8th (eighth) anniversary from the Appointed Date, if the Parties agree in principle that the Agreement Period is to be extended for further period, the Parties shall initiate dialogue to extend the term of this Agreement on mutually acceptable terms and conditions. If the Parties are unable to agree upon the mutually acceptable terms and conditions for extension of the Agreement by the expiry of the 9th (ninth) anniversary year from the Appointed Date, then the Agreement shall expire on the 10th (tenth) anniversary end of five year, from the Appointed Date and Authority shall acquire all of rights and interests in and to the Project.

Appears in 1 contract

Samples: Project Development and Management Agreement

AGREEMENT PERIOD. 3.2.1 The tenure of the Agreement shall be for a period of 10 25 (tentwenty fi]ve) years commencing from the Appointed Date and ending on the Expiry Date (the “Agreement Period”). Provided that in the event of Termination, the Agreement Period shall mean and be limited to the period commencing from the Appointed Date and ending with the Termination Date. 3.2.2 The Parties may mutually agree to extend the term of this Agreement for a further period of 5 (five) years on mutually agreed terms and conditions subject to the following conditions: On the 8th 23rd (eighthTwenty Third) anniversary from the Appointed Date, if the Parties agree in principle that the Agreement Period is to be extended for further period, the Parties shall initiate dialogue to extend the term of this Agreement on mutually acceptable terms and conditions. If the Parties are unable to agree upon the mutually acceptable terms and conditions for extension of the Agreement by the expiry of the 9th 24th (ninthTwenty Fourth) anniversary from the Appointed Date, then the Agreement shall expire on the 10th 25th (tenthTwenty Fi]fth) anniversary from the Appointed Date and Authority shall acquire all of rights and interests in and to the Project.

Appears in 1 contract

Samples: Project Development and Management Agreement

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