Authorization Period. HFG’s engagement hereunder shall become effective on the date hereof (the “Effective Date”) and will automatically terminate (the “Termination Date”) on the first to occur of the following: (a) 60 days from the Effective Date in the event the Going Public Transaction has not been completed, (b) the mutual decision of the parties not to move forward with the Going Public Transaction or (c) 12 months from the Effective Date.
Authorization Period. Greenfield's engagement under this Agreement shall become effective on the date of this Agreement and, unless extended by the Company and Greenfield in writing, shall expire one hundred eighty days (180 days) after the date of this Agreement or terminated earlier as provided for herein ("AUTHORIZATION PERIOD"). Greenfield shall be entitled to terminate its engagement hereunder at any time upon ten (10) days prior written notice to the Company. The Company agrees that neither it, its controlling equity holders, nor its management will initiate any discussions regarding a Financing or a Transaction with any prospective investor in Securities or any Person (as defined below) during the term of this Agreement; except through Greenfield. In the event the Company or the Company's management receive any inquiry regarding a Financing or a Transaction ON or after the effective date of this agreement, Greenfield will be promptly informed of such inquiry so that they can evaluate investor or Person party and its interest in a Financing or a Transaction; and assist the Company in any resulting negotiations. For purposes of this Agreement, "PERSON" shall mean any natural person, corporation, unincorporated organization, partnership, limited liability company, association, joint stock company, joint venture, trust or government or any agency or political subdivision of any government or any other entity.
Authorization Period. The Authorization Period for the Project is 33 years including construction period effective from the date of signing of the Authorisation Agreement. Additional 25 years of extended period shall be offered to the Developer (Authorisee) on “Right of First Refusal” basis on successful completion of lease period, provided further that, on the Expiry of this Agreement, if the Grantor intends to extend the Concession Period further by 25 (twenty five) years, then the procedure provided hereunder shall be followed:
a. The Grantor shall invite proposals from eligible entities through a competitive bid process. The Authorisee shall have the option to submit its proposal.
b. In case the Authorisee after participating in the bidding procedure fails to give the preferred offer, the Authorisee shall be given the first right of refusal to match the preferred offer. If the Authorisee matches the preferred offer the parties shall enter into suitable agreement accordingly to implement the Project. In such an event, the Authorisee shall pay to the preferred bidder/TSRTC the cost towards preparation of the Bid as provided in the bid document.
c. In case the Authorisee (a) chooses not to submit its proposal or (b) is not the preferred bidder and also fails or declines to match the preferred offer this Agreement shall get terminated on Expiry Date.
d. In case the Authorisee is a preferred bidder or matches the preferred offer, a new agreement with modified terms and conditions based on the bid document issued by the Grantor shall be executed by the Authorisee with the Grantor.
Authorization Period. HFG's engagement hereunder shall become effective on the date hereof (the "Effective Date") and will automatically terminate (the "Termination Date") on the first to occur of the following: (a) either party exercises there right of termination under Section 5. hereof, (b) the Company's breach of its covenants set forth in Section 6. hereof, (c) 4 months from the Effective Date, (d)the Company finds out that the public shell corporation bears any liability and going on lawsuits. This Agreement may be extended beyond the Termination Date if both parties mutually agree in writing. Except as to certain obligations of the Company under Section 4. hereof, this Agreement shall also terminate immediately upon the mutual decision of the parties not to move forward with the Restructuring, the Financing or the Going Public Transaction.
Authorization Period. Except as otherwise provided for herein, HFG’s engagement hereunder shall become effective on the date hereof (the “Effective Date”) and will automatically terminate (the “Termination Date”) on the first to occur of the following: (a) either party exercises their right of termination as provided for in this FAA, (b) either party’s breach of its covenants herein or (c) 12 months from the Effective Date. This Agreement may be extended beyond the Termination Date if both parties mutually agree in writing. Except as to certain obligations of the Company under Section 4. hereof, this Agreement shall also terminate immediately upon the mutual decision of the parties not to move forward with the Restructuring, the Financing or the Going Public Transaction.
Authorization Period. The term of this Agreement will be six months commencing as of May 23rd, 20001. This Agreement may be cancelled upon thirty (30) days written notice by either party.
Authorization Period. EKN’s engagement shall become effective on the date hereof and, unless extended by WNWG and EKN, shall expire one (1) year after the signing of this Agreement. In the event that there has not been an initial closing on a Financing within sixty (60) days of the execution of this Agreement, the Company may terminate this Agreement in writing upon thirty days notice. The period from the date hereof through the expiration of this Agreement is called the “Authorization Period.”
Authorization Period. The term of the powers and rights granted to the Agents under the Agreement shall be equal to the term of the Amended and Restated Exclusive Business Cooperation Agreement signed by the Agent and the Operating Entity.
Authorization Period. GKM's engagement hereunder shall become -------------------- effective on the date hereof and, unless extended in writing by Palisades or the Company and GKM, shall expire on the earlier of (i) the final closing date of the Private Placement, and (ii) September 30, 1999 (in either case, the "Termination Date"; the period from the date hereof through the Termination Date being hereinafter referred to as the "Authorization Period").
Authorization Period. The above authorization shall remain valid for the entire term of Card or any renewal thereof. The authorization shall also be renewed automatically regardless of the Card expiration date as long as the debt is still outstanding.
