ANNUAL TERMINATION Sample Clauses
The Annual Termination clause allows either party to end the agreement on a yearly basis, typically after providing a specified period of advance written notice. In practice, this means that at the end of each contract year, one or both parties can choose not to renew the contract for another year, often by notifying the other party 30 or 60 days before the anniversary date. This clause provides flexibility and reduces long-term commitment, enabling parties to reassess their relationship regularly and exit the agreement without cause if their needs or circumstances change.
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ANNUAL TERMINATION. Notwithstanding anything in the Agreement to the contrary, the Agreement shall be subject to annual review by the School Board, and, with thirty days prior written notification to the Contracting Party, the School Board may terminate or non-renew the Agreement annually. The School Board’s performance and obligation to pay under this agreement will be subject to and contingent upon the availability of funds appropriated by the School Board of Brevard County or otherwise lawfully expendable for the purposes of such agreement for the current and future periods. The School Board shall give notice to the contracting party of the non-availability of such funds when the School Board has knowledge thereof. Upon receipt of such notice by the Contracting Party, the Contracting Party shall be entitled to payment only for those services performed prior to the date notice is received.
ANNUAL TERMINATION. Notwithstanding anything to the contrary contained herein, provided ▇▇▇▇▇▇ is not in default hereunder beyond applicable notice and cure periods, LESSEE shall have the right to terminate this Agreement upon the annual anniversary of the Commencement Date provided that three (3) months prior notice is given to LESSOR.
ANNUAL TERMINATION. Notwithstanding anything to the contrary contained herein, provided LICENSEE is not in default hereunder beyond applicable notice and cure periods, LICENSEE shall have the right to terminate each Supplement upon the annual anniversary of the Commencement Date of such Supplement provided that three (3) months' prior written notice is given to LICENSOR. Upon such termination, the applicable Supplement shall be of no further force or effect except to the extent of the representations, warranties, and indemnities made by each Party to the other thereunder, and LICENSEE's obligation to remove its Equipment, conduits, and all personal property from LICENSOR's Site and Property and restore the Site and Property as provided in Article XVI, below. At any time following the sixth (6th) anniversary of the Commencement Date of any Supplement, LICENSOR shall have the right to terminate such Supplement upon the annual anniversary of the Commencement Date of such Supplement, provided that three (3) months' prior written notice is given to LICENSEE of such termination. Upon such termination, the applicable Supplement shall be of no further force or effect except to the extent of the representations, warranties, and indemnities made by each Party to the other thereunder, and LICENSEE's obligation to remove its Equipment, conduits, and all personal property from LICENSOR's Site and Property and restore the Site and Property as provided in Article XVI, below.
ANNUAL TERMINATION. Notwithstanding anything to the contrary contained herein, provided ▇▇▇▇▇▇ is not in default hereunder beyond applicable notice and cure periods, Lessee shall have the right to terminate this Agreement upon the annual anniversary of the Commencement Date provided that three (3) months prior notice is given to Lessor and provided that Lessee shall have paid a termination fee to Lessor in the amount of six (6) months’ rent at the then applicable rate as additional rent.
ANNUAL TERMINATION. Notwithstanding anything in the Agreement to the contrary, the Agreement shall be subject to annual review by the School Board, and the School Board may elect to terminate or not renew the Agreement annually for any reason in its discretion, or for no cause.
ANNUAL TERMINATION. Notwithstanding anything to the contrary contained herein, provided LICENSEE is not in default hereunder beyond applicable notice and cure periods, LICENSEE shall have the right to terminate each Supplement upon the annual anniversary of the Commencement Date provided that three (3) months prior notice is given to LICENSOR.
ANNUAL TERMINATION. Intentionally omitted.
ANNUAL TERMINATION. Notwithstanding anything to the contrary contained herein, provided USER is not in default hereunder beyond applicable notice and cure periods, USER shall have the right to terminate each Supplement upon the annual anniversary of the Commencement Date provided that USER gives the City three (3) months prior written notice.
ANNUAL TERMINATION. Notwithstanding anything to the contrary contained herein, and provided LESSEE is not in default hereunder and shall have paid all rents and sums due and payable to the LESSOR by ▇▇▇▇▇▇, LESSEE shall have the right to terminate this Agreement upon the annual anniversary of this Agreement provided that Twelve (12) months prior notice is given the LESSOR.
ANNUAL TERMINATION. Unless specified elsewhere in this Contract or the Work Number Agreement, the State or County may only terminate this Contract, upon 60 days written notice, so as to align with the end of an annual term stated in the Work Number Agreement. If a County elects to terminate it shall not be obligated to expend any funds, including any annual minimum payment, for the years following its termination.