Duration of Agreement & Termination. 10.1 This Agreement shall become effective on the date this Agreement is signed by both parties and shall remain in full force and effect for an initial term of five (5) years, and unless terminated sooner as hereinafter provided, this Agreement will automatically renew for additional twelve (12)-month successive terms.
10.2 Either party may terminate this Agreement if the other party commits a breach of any obligation hereunder which is not remedied within thirty (30) days of receipt of written notice specifying such breach. In said event, the Agreement will immediately terminate at the end of the thirty (30) days.
10.3 Cause shall exist for termination by either party if the other party attempts to assign this Agreement, except under circumstances permitted under this Agreement, liquidates or terminates its business, is adjudicated a bankrupt, makes an assignment for the benefit of creditors, invokes the provisions of any law for the relief of debtors, or files or has filed against it any similar proceeding.
10.4 Each party acknowledges that the other has made no commitments regarding the term or renewal of this Agreement beyond those expressly stated herein. Either party may terminate this Agreement without cause at any time upon ninety ( 90 ) days written notice. EACH PARTY ACKNOWLEDGES THAT SUCH A PERIOD IS ADEQUATE TO ALLOW IT TO TAKE ALL ACTIONS REQUIRED TO ADJUST ITS BUSINESS OPERATIONS IN ANTICIPATION OF TERMINATION.
10.5 Upon termination or expiration of this Agreement for any reason, Reseller will immediately cease to be an NEC Display Authorized Reseller and will refrain from representing itself as such and from using any NEC Display trademark or trade name.
10.6 Termination of this Agreement shall not affect any of Reseller’s pre-termination obligations; including, but not limited to, any outstanding payment obligations hereunder. Any termination of this Agreement shall be without prejudice to the enforcement of any undischarged obligations owing NEC Display existing at the time of termination.
10.7 Upon any termination of this Agreement, any orders outstanding and unshipped as of the termination date shall be deemed canceled and NEC Display shall have no obligation to fill same. If this Agreement is terminated by either party with advance notice, NEC Display shall have the right to reject all or part of any orders received from Reseller during the period after notice but prior to the effective date of termination (hereinafter called “the fina...
Duration of Agreement & Termination. This agreement shall remain in force until canceled by either party by written notice to the other party.
Duration of Agreement & Termination. 1. This Agreement shall be unlimited as to its duration, but may be terminated at any time, for new reinsurances only, by either party giving thirty (30) days notice of termination in writing to the other. The Pool shall continue to accept reinsurance during the thirty (30) days aforesaid and shall remain liable on all reinsurance already placed in force under the terms of this Agreement until such contracts are terminated between the original insured and the Ceding Company.
2. In the event of non-payment of any amounts due hereunder by either party, except as provided by Article XII Errors and Omissions, the other party shall have the right to cancel all reinsurance in force under this Agreement by giving thirty (30) days written notice.
Duration of Agreement & Termination. This Agreement is a Membership and shall commence on
Duration of Agreement & Termination. 17.1 This Agreement shall become effective on the date of this Agreement and, unless extended or reduced pursuant to Sections 1.3.4 through 1.3.7 of this Agreement or terminated earlier as provided in Section 17.2 below, shall expire on September 30, 2017 (the “Term”).
Duration of Agreement & Termination. 1. The duration of this agreement will be unlimited. However, either party to this agreement may terminate it at any time, for new business only, by giving thirty days' notice in writing to the other party. MARC will continue to accept reinsurance during the thirty-day period and will remain liable on all reinsurance already placed in force under the terms of this agreement until such contracts are terminated between the original insured and the Ceding Company.
2. The payment of reinsurance premiums is a condition precedent to the liability of MARC for reinsurance under this agreement. In the event reinsurance premiums are not paid when due, MARC will have the right to terminate all reinsurance coverage of all policies on which reinsurance premiums are in arrears. If MARC elects to exercise this right of termination, it will give the Ceding Company thirty days' written notice of its intention to terminate said reinsurance. Such notice will be sent by certified mail, return receipt requested. The Ceding Company will have until the end of the thirty-day period to pay any premiums that are in arrears. If all the reinsurance premiums that are in arrears are not paid by the end of the thirty-day period, including any that came to be in arrears during the thirty-day period, MARC will be relieved of all liability under those policies as of the last date for which premiums have been paid for each policy. The reinsurance of policies on which reinsurance premiums subsequently become due will automatically terminate as of the last date for which premiums have been paid for each policy, unless the reinsurance premiums on those policies are paid when due. Terminated reinsurance may be reinstated, subject to MARC's approval, within thirty days of the date of termination, upon payment of all reinsurance premiums in arrears. MARC will have no liability for any claims incurred between the date of termination and the date of reinstatement of the reinsurance. The right to terminate reinsurance will not prejudice MARC's right to collect premiums for the period during which reinsurance was in force.
Duration of Agreement & Termination. This Agreement will terminate upon the earlier of the following events: The Parties agree unanimously to terminate this Agreement, Termination pursuant to Art. 9.2 or Art. 10. If the Consultant is in serious or continued breach or default in the performance of any of its obligations under this Agreement and does not remedy such breach or default within fifteen (15) days following delivery to the Consultant a written notice from the Client on the breach/delay of the Agreement, then the Client abiding by the Agreement shall have the right to immediately terminate this Agreement by giving written notice to that effect to the Consultant in breach or default. The termination of the Agreement according to the previous sentence is effective on the day the written notice is delivered to the Consultant in breach. The termination by either Party shall be subject to a notice in writing. The Client shall have a right to terminate this Agreement with immediate effect if the Consultant should enter into liquidation, either voluntary or compulsory, or be decided as insolvent by a competent court. Upon expiry or termination of this Agreement (for whatever reason) no termination payment shall be due from any Party to the other Party. However, Consultant shall be entitled to a pro rata remuneration for the Services and works already completed up to the date of such termination if the Services and works are useful for the Client (upon Client's consideration) and shall be provided to the Client before expire or termination of the Agreement.
Duration of Agreement & Termination. 3.1 This Agreement shall be deemed to come into effect on the day and year first set out above and shall remain in effect until the date of Termination. For all employment-related purposes, the Employer agrees to recognize the Employee’s service as having started on the Commencement date as set out in Schedule “A.”
3.2 The Employee or the Employer may effect Termination at any time during the Probationary Period, with or without reason or Cause, and without notice or payment of any compensation in lieu of notice.
3.3 The Employer may effect Termination at any time for Cause, without notice or payment of any compensation in lieu of notice, subject to the restrictions, if any, set out in Schedule “A”.
3.4 The Employer may effect Termination at any time, without Cause, upon providing to the Employee the notice set out as “Notice Period Required of Employer” in Schedule “A.” Notwithstanding the foregoing, the Employer may, at its sole discretion, effect Termination immediately upon paying to the Employee all amounts, in lieu of notice, equivalent to the compensation that the Employee would have earned had he worked during the “Notice Period Required of Employer”.
3.5 The Employee may effect Termination at any time upon providing to the Employer the notice set out as “Notice Period Required of Employee” in Schedule “A.”
3.6 Upon Termination, the Employer shall pay to the Employee all salary and other remuneration accrued to the date of Termination.
3.7 The Employer and the Employee confirm that any Termination under this Agreement in compliance with the provisions of Section 3 is fair and reasonable, and the Employer and the Employee agree that in such circumstances the Employee shall have no action, cause of action, claim or demand against the Corporation or against any of its partners, employees or agents, or against any other person as a consequence of such Termination.
Duration of Agreement & Termination. This AGREEMENT shall remain in force until December 31, 2032, PROVIDED, that the agreement may be terminated by either party by giving ten (10) day written notice to the other, PROVIDED, that termination shall not affect or impair joint purchases of the parties that are agreed to on or before the date of termination.
Duration of Agreement & Termination. This Agreement is a Membership and shall commence on (date). Monthly and annual memberships shall automatically renew on a term-to-term basis. The Member or Lowell Makes may terminate this Agreement any time with 30 days advance notice. Notwithstanding the foregoing paragraph and notice period, Lowell Makes reserves the right to terminate access to and use of Company facilities at any time, immediately and without notice, if the Member fails to comply with any provision of this Agreement and Lowell Makes Policies and Procedures. Xxxxxx Makes reserves the right to amend the Policies and Procedures and Services Addendum from time-to-time and at its sole discretion. Lowell Makes will notify Member of any changes to said rules and regulations in writing and/or email and prior to such rule changes taking effect. Upon the termination of this Agreement, Member shall thereafter have no further right to use Lowell Makes facilities in any manner and Member shall make no further use of Xxxxxx Makes other than to remove personal items. All advance fees, if any, shall be justly prorated and returned to Member, along with any deposits, within 30 days of the termination of this agreement. Personal items must be removed from Lowell Makes within 15 days of the termination of this agreement, after which period they become property of Lowell Makes.
