Common use of COMMENCEMENT, DURATION AND EXPIRY OF THIS CONTRACT Contract Term and Expiry Clause in Contracts

COMMENCEMENT, DURATION AND EXPIRY OF THIS CONTRACT Contract Term and Expiry. 3.1 Subject to Clause 3.2 and to earlier termination in accordance with its terms, this Agreement will commence on the Commencement Date and will expire on the date ten (10) years after the Commencement Date (the "Initial Expiry Date"). For the avoidance of doubt, WEPCo shall not be entitled to any compensation for termination of this Agreement on expiry on the Initial Expiry Date or on the Extended Expiry Date, as the case may be, nor on any extension to this Agreement beyond the Initial Expiry Date. 3.2 The term of this Agreement may be extended for an additional five (5) years after the Initial Expiry Date in the circumstances and in accordance with procedure set out in this Clause 3.2: 3.2.1 twelve (12) months before the Initial Expiry Date the SPB shall meet to review: (a) the performance of the Parties under this Agreement and, in particular, the performance of WEPCo in delivering the Partnering Services to the performance standards set out in Clause 8.1 (Services Obligations); (b) the Education Sector Services and Community Services needs of the population within the Region; and (c) whether it would be beneficial to the provision of all or any of the Education Sector Services and/or Community Services in the Region to extend this Agreement for a further five (5) year period from the Initial Expiry Date; 3.2.2 if WEPCo and one or more of the Participants (the "Continuing Participants") agree that it would be beneficial to the provision of all or any of the Education Sector Services and/or Community Services in the Region to extend this Agreement, the Continuing Participants shall serve a written notice upon WEPCo at least six (6) months before the Initial Expiry Date the effect of which shall be to extend the term of this Agreement by five (5) years from the Initial Expiry Date as between WEPCo and the Continuing Participants. In relation to any Participant who is not a Continuing Participant, this Agreement shall expire on the Initial Expiry Date and nothing in this Clause 3.2.2 shall extend or increase the liability of any such Participants. 3.3 Upon the expiry or earlier termination of this Agreement, the following clauses shall continue to the extent necessary to give effect to the expiry or termination of this Agreement, or, if later (and where applicable to the operation of WEPCo’s Partnering Services related to performance of a Project Service Provider under an operative Project Agreement), shall continue in force until the final D&B Termination Date of any Project Agreement for a D&B Project in force at the time of expiry or earlier termination of this Agreement, which was entered into pursuant to this Agreement:

COMMENCEMENT, DURATION AND EXPIRY OF THIS CONTRACT Contract Term and Expiry. 3.1 Subject to Clause 3.2 and to earlier termination in accordance with its terms, this Agreement will commence on the Commencement Date and will expire on the date ten (10) years after the Commencement Date (the "Initial Expiry Date"). For the avoidance of doubt, WEPCo shall not be entitled to any compensation for termination of this Agreement on expiry on the Initial Expiry Date or on the Extended Expiry Date, as the case may be, nor on any extension to this Agreement beyond the Initial Expiry Date. 3.2 The term of this Agreement may be extended for an additional five (5) years after the Initial Expiry Date in the circumstances and in accordance with procedure set out in this Clause 3.2: 3.2.1 twelve (12) months before the Initial Expiry Date the SPB shall meet to review: (a) the performance of the Parties under this Agreement and, in particular, the performance of WEPCo in delivering the Partnering Services to the performance standards set out in Clause 8.1 (Services Obligations); (b) the Education Sector Services and Community Services needs of the population within the Region; and (c) whether it would be beneficial to the provision of all or any of the Education Sector Services and/or Community Services in the Region to extend this Agreement for a further five (5) 5 year period from the Initial Expiry Date; 3.2.2 if WEPCo and one or more of the Participants (the "Continuing Participants") agree that it would be beneficial to the provision of all or any of the Education Sector Services and/or Community Services in the Region to extend this Agreement, the Continuing Participants shall serve a written notice upon WEPCo at least six (6) months before the Initial Expiry Date the effect of which shall be to extend the term of this Agreement by five (5) years from the Initial Expiry Date as between WEPCo and the Continuing Participants. In relation to any Participant who is not a Continuing Participant, this Agreement shall expire on the Initial Expiry Date and nothing in this Clause 3.2.2 shall extend or increase the liability of any such Participants. 3.3 Upon the expiry or earlier termination of this Agreement, the following clauses shall continue to the extent necessary to give effect to the expiry or termination of this Agreement, or, if later (and where applicable to the operation of WEPCo’s Partnering Services related to performance of a Project Service Provider under an operative Project Agreement), shall continue in force until the final D&B Termination Date of any Project Agreement for a D&B Project in force at the time of expiry or earlier termination of this Agreement, the last Project Agreement to be in force which was entered into pursuant to this Agreement: 1 Definitions, Interpretation and Construction 2 Purpose and conduct of the parties