ANNUAL APPROVAL. For additional terms after the initial term of this Contract, this Contract shall be submitted for approval to the Trustees annually and shall continue in effect only so long as specifically approved annually by vote of a majority of the Trustees of the Trust who are not interested persons of the Trust or of the Manager, by vote cast in person at a meeting called for the purpose of voting on such approval.
ANNUAL APPROVAL. The Steering Committee shall review the proposed Plans and Budgets submitted by Ciba under Section 3.2.1 above as soon as reasonably feasible and shall establish and approve no later than August 31 of such year the final Plans and Budgets for the next succeeding year. All Plans and Budgets adopted pursuant to this Article 3 shall be reasonable and customary in relation to other similar products in the field of MS and shall be consistent with the other terms and conditions of this Agreement.
ANNUAL APPROVAL. Each Policy Board director shall present for consideration and approval to its applicable legislative or governing body each fiscal year the funding levels described in Schedules 1 or 2 of Exhibit “A” hereof, but which funding decision is in the sole discretion of such applicable body. Such funding approval is a condition precedent to the funding obligation by such Funding Entity each year under Section 7.2 and Schedules 1 and 2 of Exhibit “A” attached hereto.
ANNUAL APPROVAL. The Agreement shall be reviewed annually to determine project progress and appropriate updates to Exhibit A documents, which is then executed by all appropriate Parties. The review and approval should consist of:
ANNUAL APPROVAL. You and BTC acknowledge that your ability to enter into agreements that extend beyond your fiscal year is limited by applicable law. Notwithstanding anything in this Agreement to the contrary, to the extent the initial term or any subsequent term of this Agreement extends beyond your then current fiscal year, the continued effectiveness of this Agreement into each subsequent fiscal year is subject to the approval of and appropriation of funds by your governing body. You shall use reasonable efforts to ensure that such approval and appropriations are obtained prior to the end of your fiscal year during each applicable term of this Agreement. In the event that you fail to obtain such approval for renewal, you agree to promptly notify BTC of such non- approval, and this Agreement shall automatically terminate effective as of the last day of the most recent fiscal year for which funds were appropriated by your governing body as required under applicable law. For the avoidance of doubt, any termination of this Agreement shall not alleviate your payment obligations hereunder with respect to any and all amounts owed to BTC for goods and services provided in the fiscal year prior to such termination.
ANNUAL APPROVAL. The contract and subsequent Renewal Options will be presented for approval at a regularly scheduled Board of Trustees meeting, as required.
