Common use of Duration and Review Clause in Contracts

Duration and Review. Point 5.1. This MOU covers FYs 2021-22 and 2022-23 only and will be reviewed and amended to cover future years no later than February 2023. 5.2. This MOU will come into effect upon signature by the Parties and will remain in effect until it is terminated by either Party in accordance with the terms in Clause 10 of this MOU. It may be extended by the written agreement of the Parties. 5.3. Each year of the planned funding period will be covered by an MOU, including the extension of this MOU where the Parties agree to the extension. 5.4. Notwithstanding Clause 5.1 and 5.3 of this MOU, if an MOU is not in place by the end of financial year 2022-23, this MOU will continue to apply.

Appears in 3 contracts

Samples: Memorandum of Understanding, Memorandum of Understanding, Memorandum of Understanding

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Duration and Review. Point 5.1. This MOU covers FYs 2021-22 and 2022-23 only and will be reviewed and amended applies to cover future financial years no later than February 2023within your profile. 5.2. This MOU will come into effect upon signature by the Parties and will remain in effect until it is terminated by either Party in accordance with the terms in Clause 10 11 of this MOU. It may be extended by the written agreement of the Parties. 5.3. Each year of the planned funding period will be covered by an MOU, including the extension of this MOU where the Parties agree to the extension. 5.4. Notwithstanding Clause 5.1 and 5.3 of this MOU, if an MOU is not in place by the end of financial year 20222023-2324, this MOU will continue to apply.

Appears in 1 contract

Samples: Memorandum of Understanding

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