Common use of Duration of the Agreement Clause in Contracts

Duration of the Agreement. This Agreement shall come into effect on the day and year stated in Box 4 and shall continue until the date stated in Box 17. Thereafter it shall continue until terminated by either party giving to the other notice in writing, in which event the Agreement shall terminate upon the expiration of a period of two months from the date upon which such notice was given.

Appears in 12 contracts

Samples: Standard Ship Management Agreement (Castor Maritime Inc.), Standard Ship Management Agreement (Castor Maritime Inc.), Standard Ship Management Agreement (Gener8 Maritime, Inc.)

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Duration of the Agreement. This Agreement shall come into effect on the day and year stated in Box 4 and shall continue until the date stated in Box 17. Thereafter it shall automatically renew for an eight-year period and shall thereafter be extended in additional eight-year increments if notice of termination is not provided by the Owners in the fourth quarter of the year immediately preceding the end of the respective term. Thereafter it shall continue until terminated by either party giving to the other notice in writing, in which event the Agreement shall terminate upon the expiration of a period of two months from the date upon which such notice was given.

Appears in 4 contracts

Samples: Shipping Agreement (Dynagas LNG Partners LP), Ship Management Agreement (Dynagas LNG Partners LP), Ship Management Agreement (Dynagas LNG Partners LP)

Duration of the Agreement. This Agreement shall come into effect on the day and year stated in Box 4 and shall continue until the date stated in Box 17. Thereafter it shall continue until terminated by either party giving to the other notice in writing, in which event the Agreement shall terminate upon the expiration of a period of two three months from the date upon which such notice was given.

Appears in 4 contracts

Samples: Ship Management Agreement (KNOT Offshore Partners LP), Ship Management Agreement (KNOT Offshore Partners LP), Ship Management Agreement (KNOT Offshore Partners LP)

Duration of the Agreement. This Agreement shall come into effect on the day and year stated in Box 4 and shall continue until the date stated in Box 17. Thereafter it shall continue until terminated by either party giving to the other other-notice in writing, in which event the Agreement shall terminate upon the expiration of a period of two months from the date upon which such notice was given.shall

Appears in 3 contracts

Samples: Standard Ship Management Agreement (FreeSeas Inc.), Ship Management Agreement (FreeSeas Inc.), Ship Management Agreement (FreeSeas Inc.)

Duration of the Agreement. This Agreement shall come into effect on the day and year stated in Box 4 and shall remain in force and effect (unless earlier terminated in accordance with the terms of clause 18) for a minimum period of three (3) calendar years and thereafter shall continue indefinitely unless terminated in accordance with the provisions hereof continue until the date stated in Box 17. Thereafter it shall continue until terminated by Upon expiration of the first calendar year either party giving may give to the other notice of termination in writing, in which event the Agreement shall terminate upon the expiration of a period of two months (2) calendar years from the date upon which such notice was given. Clause 18.6 will apply.

Appears in 2 contracts

Samples: Standard Ship Management Agreement (Scorpio Tankers Inc.), Standard Ship Management Agreement (Scorpio Tankers Inc.)

Duration of the Agreement. This Agreement shall come into effect on the day and year stated in Box 4 and shall continue until the date stated in Box 17. Thereafter it shall continue automatically renew for a five-year period and shall thereafter be extended in additional five-year increments if notice of termination is not provided by the Owners in the fourth quarter of the year immediately preceding the end of the respective term.continue until terminated by either party giving to the other notice in writing, in which event the Agreement shall terminate upon the expiration of a period of two twelve months from the date upon which such notice was given.

Appears in 2 contracts

Samples: Ship Management Agreement (DryShips Inc.), Ship Management Agreement (DryShips Inc.)

Duration of the Agreement. This Agreement shall come into effect on the day and year stated in Box 4 and shall continue until the date stated in Box 17. Thereafter it shall continue until terminated by either party giving to the other notice in writing, in . In which event the Agreement shall terminate upon the expiration of a period of two months ninety (90) days from the date upon which such notice was given.

Appears in 2 contracts

Samples: Standard Ship Management Agreement (Hoegh LNG Partners LP), Standard Ship Management Agreement (Hoegh LNG Partners LP)

Duration of the Agreement. This Agreement shall come into effect on the day and year stated in Box 4 and shall continue until the date stated in Box 17. Thereafter it shall automatically renew for an eight-year period and shall thereafter be extended in additional eight-year increments if notice of termination is not provided by the Owners in the fourth quarter of the year immediately preceding the end of the respective termThereafter it shall continue until terminated by either party giving to the other notice in writing, in which event the Agreement shall terminate upon the expiration of a period of two months from the date upon which such notice was given.

Appears in 2 contracts

Samples: Ship Management Agreement (Dynagas LNG Partners LP), Ship Management Agreement (Dynagas LNG Partners LP)

Duration of the Agreement. This Agreement shall come into effect on the day and year stated in Box 4 and shall continue continue, subject to Clause 24, until December 31, 2014. the date stated in Box 17. Thereafter it shall continue until terminated by either other party giving to the other notice in writing, in which event the Agreement shall terminate upon the expiration of a period of two months from the date upon which such notice was given.

Appears in 1 contract

Samples: Standard Ship Management Agreement (Ship Finance International LTD)

Duration of the Agreement. This Agreement shall come into effect on the day and year stated in Box 4 and shall continue until the date data stated in Box 17. Thereafter it shall continue until terminated by either party giving to the other notice in writing, in which event the Agreement shall terminate upon the expiration of a period of two three months from the date upon which such notice was given.

Appears in 1 contract

Samples: Ship Management Agreement (KNOT Offshore Partners LP)

Duration of the Agreement. 17.1. This Agreement shall come into effect on the day and year stated in Box 4 and shall continue until the date stated in Box 17. Thereafter it shall continue until terminated by either party giving to the other notice in writing, in which event the Agreement shall terminate upon the expiration of a period of two months from the date upon which such notice was given.

Appears in 1 contract

Samples: Standard Ship Management Agreement

Duration of the Agreement. 23.1. This Agreement shall come into effect on the day and year date stated in Box 4 and shall continue until the date stated in Box 17. Thereafter it shall continue until terminated by either party giving to the other notice in writing, in which event the Agreement shall terminate upon the expiration of a period of two months from the date upon which such notice was given.

Appears in 1 contract

Samples: Ship Management Agreement (Euroseas Ltd.)

Duration of the Agreement. This Agreement shall come into effect on the day and year stated in Box 4 and shall continue until the date stated in Box 17. Thereafter it shall automatically renew for a five-year period and shall thereafter be extended in additional five-year increments if notice of termination is not provided by the Owners in the fourth quarter of the year immediately proceeding the end of the respective term. continue until terminated by either party giving to the other notice in writing, in which event the Agreement shall terminate upon the expiration of a period of two twelve months from the date upon which such notice was given.

Appears in 1 contract

Samples: Ship Management Agreement (DryShips Inc.)

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Duration of the Agreement. This Agreement shall come into effect on the day clay and year stated in Box 4 and shall continue until the date stated in Box 17. Thereafter it shall continue until terminated by either party giving to the other notice in writing, in which event the Agreement shall terminate upon the expiration of a period of two three months from the date upon which such notice was given.

Appears in 1 contract

Samples: Ship Management Agreement (KNOT Offshore Partners LP)

Duration of the Agreement. This Agreement shall come into effect on the day date and year time stated in Box 4 and shall continue until the date stated in Box 17. Thereafter it shall continue until terminated by either party party, giving to the other notice in writing, in which event the Agreement shall terminate upon the expiration of a period of two three months from the date upon which such notice was given.

Appears in 1 contract

Samples: Shipmanagement Agreement (Pyxis Tankers Inc.)

Duration of the Agreement. This Agreement shall come into effect on the day and year stated in Box 4 and shall continue until the date stated in Box 17. Thereafter it shall continue until terminated by either party giving to the other notice in writing, in which event the Agreement shall terminate upon the expiration of a period of two months from the date upon which such notice was given.shall

Appears in 1 contract

Samples: Ship Management Agreement (FreeSeas Inc.)

Duration of the Agreement. This Agreement shall come into effect on the day and year stated in Box 4 and shall continue until the date stated in Box 17. Thereafter it shall continue until terminated by the Owners by either party giving to the other notice to the Managers in writing, in which event the Agreement shall terminate upon the expiration of a period of two months from the date upon which such notice was given.

Appears in 1 contract

Samples: Ship Management Agreement

Duration of the Agreement. 23.1. This Agreement shall come into effect on the day and year date stated in Box 4 and shall continue until the date stated in Box 17. Thereafter it shall continue until terminated by either party giving to the other notice in writing, in . In which event the Agreement shall terminate upon the expiration of a period of two months from the date upon which such notice was given.

Appears in 1 contract

Samples: Management Agreement (Teekay Shipping Corp)

Duration of the Agreement. This Agreement shall come into effect on the day and year stated in Box 4 and shall continue until the date stated in Box 17. Thereafter it shall continue until terminated automatically renew for an eight-year period and shall thereafter be extended in additional eight-year increments if notice of termination is not provided by either party giving to the other notice Owners in writing, in which event the Agreement shall terminate upon fourth quarter of the expiration year immediately preceding the end of a period of two months from the date upon which such notice was given.respective term

Appears in 1 contract

Samples: Management Agreement (Dynagas LNG Partners LP)

Duration of the Agreement. This Agreement shall come into effect on the day and year stated in Box 4 and shall continue until the date stated in Box 17. Thereafter it shall continue until terminated automatically renew for an eight-year period and shall thereafter be extended in additional eight-year increments if notice of termination is not provided by either party giving to the other notice Owners in writing, in which event the Agreement shall terminate upon fourth quarter of the expiration year immediately preceding the end of a period of two months from the date upon which such notice was givenrespective term.

Appears in 1 contract

Samples: Ship Management Agreement (Dynagas LNG Partners LP)

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