Commencement and Resignation Sample Clauses

Commencement and Resignation. This framework commences on the acquisition date, cf. section 11, and lasts for 1 year from 1 February 2018 until 31 January 2019. The framework agreement can be extended 3 x 1 year. The customer may terminate the framework agreement with 6 months written notice until the end of a month. Termination cannot, however, take place within the first 12 months of the con- tract period. The supplier cannot terminate the framework agreement during the duration of the agreement. The termination of this Framework Agreement by the customer does not result in the termination of the specific delivery agreements that are in force at the time of termination. Regardless of the termination of the framework agreement, the supplier is still required to complete commenced delivery agreements under the terms of the framework agreement and the specific delivery agreement. Delivery agreements that are not initiated from the supplier can be terminated by the customer without notice. For the supplier, delivery agreements are irrevocable. Contracts initiated must, unless otherwise agreed, be completed within 4 weeks from the end of the framework agreement.
Sample 1
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Related to Commencement and Resignation

  • Commencement and Termination 10.1 This Agreement shall be effective as of the date hereof and shall continue in force until terminated in accordance with the provisions herein.

  • Term, Termination and Renewal The initial term of this Agreement shall be defined in the Scope of Service or Payment Schedule above. If the services provided are for an annual rate and extend for multiple years, PROFESSIONAL will prorate the first year of the agreement to match the fiscal year for the CLIENT, followed by consecutive, 12-month periods. This Agreement shall automatically renew for successive terms which consist of a twelve (12) month period, subject to earlier termination as set forth in this Agreement or upon written notification by either party thirty (30) days prior to the end of a term. If, for any reason, this Agreement is terminated prior to the end of a term, any waived or discounted fees or specified promotional items provided by PROFESSIONAL shall be invoiced by PROFESSIONAL and paid by CLIENT.

  • COMMENCEMENT, DURATION AND TERMINATION 13.1 This Agreement shall continue in full force and effect from the Commencement Date until the earliest of the following:

  • Effective Date Duration and Renewal This Agreement shall become effective as of May 1, 2010. Unless terminated as provided in Section 14 below, this Agreement shall continue in effect as to each Fund until July 31, 2011 and thereafter from year to year only so long as such continuance is specifically approved at least annually (a) by a majority of those trustees who are not interested persons of CAT or of Columbia WAM, voting in person at a meeting called for the purpose of voting on such approval, and (b) by either the Board or vote of the holders of a “majority of the outstanding shares” of that Fund (which term as used throughout this Agreement shall be construed in accordance with the definition of “vote of a majority of the outstanding voting securities of a company” in Section 2(a)(42) of the 1940 Act).

  • Amendment; Termination (a) This Addendum (including the Schedules hereto) may not be amended without the prior written consent of the Majority Japan Local Currency Banks hereunder and subject to the provisions of Section 8.01 of the Credit Agreement.

  • Resignation The Escrow Agent may resign at any time and be discharged from its duties as escrow agent hereunder by its giving the other parties hereto written notice and such resignation shall become effective as hereinafter provided. Such resignation shall become effective at such time that the Escrow Agent shall turn over to a successor escrow agent appointed by the Company, the Escrow Shares held hereunder. If no new escrow agent is so appointed within the 60 day period following the giving of such notice of resignation, the Escrow Agent may deposit the Escrow Shares with any court it reasonably deems appropriate.

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