Duration of the contract and termination Sample Clauses

Duration of the contract and termination. 10.1 This Agreement shall commence on the date of signature and, subject to earlier termination in accordance with its terms, shall continue in full force and effect for a period of one (1) year. 10.2 MEDEX may terminate this Agreement at any time by giving written notice to the Vendor: (a) if the Vendor commits a material breach of its obligations under this Agreement which cannot effectively within thirty (30) days of receipt of a notice in writing specifying the breach and requiring remedy; (b) goes into liquidation (except for the purpose of reconstruction or amalgamation), has a Buyer appointed over any of its assets, makes any voluntary arrangement with its creditors or becomes subject to an administration order. 10.3 The Vendor may terminate this Agreement by giving ninety (90) days written notice to MEDEX whereas MEDEX may terminate this Agreement by giving thirty (30) days written notice to the Vendor. 10.4 This Agreement may be terminated by the mutual agreement of the Parties. 10.5 Termination of this Agreement shall be without prejudice to any existing rights and/or claims that either Party may have against the other. 10.6 Any damages suffered directly or indirectly by MEDEX due to the Vendor's violation of one of the provisions of this Agreement or non-compliance with the sales rules, without the need for MEDEX to apply to any authority for loss, expense, expense and third parties, and upon its initial request, it is obliged to indemnify MEDEX in whole and immediately. 10.7 The Vendor shall immediately provide all information and documents required by MEDEX to defend itself or to provide the requested information or documents if any legal proceedings are initiated against MEDEX, including litigation, consumer complaint, prosecutorial investigation and enforcement proceedings, or requested by banks, ministries, judicial or administrative authorities, police directorates and all other private or public institutions. Any damages and/or penalties arising from information and documents not provided to MEDEX within the requested period by the Vendor shall be reimbursed by Vendor. 10.8 Medex shall have the unlimited right to terminate this Agreement before the Completion Date by giving written notice to the Contractor. In such an event, the Contractor shall be entitled to portions of the Fee earned as of the effective date of termination of the Agreement.
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Duration of the contract and termination. This contract is entered into for an indefinite period. It may be terminated at any time by the Customer, without notice, simply by notifying the Bank by recorded letter with a request for confirmation of delivery. The Bank may also terminate the agreement in the same way, subject to giving two months’ notice.
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Duration of the contract and termination. 1. The contract is concluded for a definite period from ……………………………… until. ……………………………… 2. The premises will be handed over to the User on ……………………………… 3. The contract may be terminated at the request of the User for a fee equal to the deposit paid with a 2-month notice period counted from the end of the month in which the termination was submitted, provided that the User issues a positive opinion. 4. The Administrator may terminate the Agreement with immediate effect without notice, if the User: a. is in arrears with the payment of the amount exceeding the value of 50%of the deposit or is in delay with the replenishment of the deposit over 7 days b. uses the premises in a manner inconsistent with the contract or its purpose, or keeps animals in it, c. disturbs the peace, rules of social coexistence in a burdensome way, or does not respect the curfew. 5. In the above-mentioned In cases, the Administrator may charge the User with a contractual penalty in the amount equivalent to the fees that the User would be obliged to pay by the end of the period for which the contract was concluded.
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Duration of the contract and termination. 6.1. The contract is concluded for an indefinite period. 6.2. Either party may terminate the contract subject to 14 days' notice. 6.3. On the date of termination of the contract, the IDV will cease all activity on behalf of ENAGIC. The commissions will be paid on all orders sent to ENAGIC until the date of termination. 6.4. Furthermore, in accordance with article 1225 of the Civil Code, the non-performance of the following commitments will lead to the termination of the contract: conduct of the other party causing an unacceptable situation for the maintenance of the contractual link, violation of the rules of Direct Selling and the terms of this contract. It is not necessary to send a notice of default prior to such notification if the violation in question and its consequences cannot be corrected or if the type and extent of the damage caused make it necessary to terminate the contractual relationship immediately.
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Duration of the contract and termination. This contract is valid for a period of 1 year, starting with the date of signing. This contract shall automatically be extended for similar durations if none of the parties communicate in writing the intention to terminate the contract at least 60 days before the expiry of the contractual term. The distribution agreement ceases: a. The agreement of the parties; b. Termination as a result of non-performance or inappropriate performance by one of the parties of the obligations assumed under this Agreement, by a simple notification, without the completion of other prior formalities, the termination taking effect immediately after the communication and without the need for intervention The court; c. Unilateral denunciation, with the obligation to notify the other party at least 15 days prior to the effective date of the contract; d. The expiration of the deadline. In all cases, termination of the contract has no effect on the obligations already due.
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Duration of the contract and termination. 1. The initial term is agreed upon during registration. 2. This Agreement will run from the effective date stated in the registration process and will continue for the selected period unless terminated by either of us as set out in this Clause. 3. We may also terminate this Agreement or suspend the performance of the service to you, at our sole discretion, immediately and without notice if: i) you breach this Agreement; or ii) bankruptcy or other insolvency proceedings are brought against you; or iii) you are no longer able lawfully to receive the Service; or iv) we do not receive payment of the Charges due within 30 days of the due date. 4. The customer may also terminate this Agreement upon material breach of OrangeHRM, if such material breach remains uncured for thirty (30) days following written notice to OrangeHRM. This cure period shall be extended by delay caused by events beyond the control of OrangeHRM including, but not limited to, natural disasters, governmental prohibitions or regulations, viruses that did not result from the acts or omissions of OrangeHRM, or technical faults of OrangeHRM’s service providers or vendors. After the initial term, customer may terminate this Agreement upon fourteen (14) days written notice to OrangeHRM.
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Related to Duration of the contract and termination

  • Duration and Termination This Agreement shall become effective with respect to each Fund as of the corresponding effective date indicated in Appendix A and, unless sooner terminated with respect to a Fund as provided herein, shall continue in effect for a period of two years as to such Fund. Thereafter, if not terminated, this Agreement shall continue in effect with respect to the Fund for successive periods of 12 months, provided such continuance is specifically approved at least annually by both (a) the vote of a majority of the Trust’s Board of Trustees or the vote of a majority of the outstanding voting securities of the Fund at the time outstanding and entitled to vote, and (b) the vote of a majority of the Trustees who are not parties to this Agreement or interested persons of any party to this Agreement, cast in person at a meeting called for the purpose of voting on such approval. Notwithstanding the foregoing, this Agreement may be terminated by the Trust at any time as to a Fund, without the payment of any penalty, upon giving the Advisor 60 days’ notice (which notice may be waived by the Advisor), provided that such termination by the Trust shall be directed or approved (x) by the vote of a majority of the Trustees of the Trust in office at the time or by the vote of the holders of a majority of the voting securities of the Fund at the time outstanding and entitled to vote, or (y) by the Advisor on 60 days’ written notice (which notice may be waived by the Trust). This Agreement will also immediately terminate in the event of its assignment. (As used in this Agreement, the terms “majority of the outstanding voting securities,” “interested person” and “assignment” shall have the same meanings of such terms in the 1940 Act.)

  • Term, Duration and Termination This Agreement shall become effective with respect to each Fund as of the date first written above (the "Effective Date") (or, if a particular Fund is not in existence on such date, on the earlier of the date an amendment to Schedule A to this Agreement relating to that Fund is executed or the Distributor begins providing services under this Agreement with respect to such Fund) and, unless sooner terminated as provided herein, shall continue for a two year period following the Effective Date. Thereafter, if not terminated, this Agreement shall continue with respect to a particular Fund automatically for successive one-year terms, provided that such continuance is specifically approved at least annually (a) by the vote of a majority of those members of the Trust's Board of Trustees who are not parties to this Agreement or interested persons of any such party, cast in person at a meeting for the purpose of voting on such approval and (b) by the vote of the Trust's Board of Trustees or the vote of a majority of the outstanding voting securities of such Fund. This Agreement is terminable without penalty with 60 days' prior written notice, by the Trust's Board of Trustees, by vote of a majority of the outstanding voting securities of the Trust, or by the Distributor. This Agreement will also terminate automatically in the event of its assignment. (As used in this Agreement, the terms "majority of the outstanding voting securities," "interested persons" and "

  • Termination of the Contract 1. The Contractor may terminate the contract if the Partner has inadequately discharged or failed to discharge any of the contractual obligations, insofar as this is not due to force majeure, after notification of the Partner by registered letter has remained without effect for one month. 2. The Partner shall immediately notify the Contractor, supplying all relevant information, of any event likely to prejudice the performance of this contract.

  • Continuance and Termination This Agreement shall remain in full force and effect for one year from the date hereof, and is renewable annually thereafter by specific approval of the Directors or by vote of a majority of the outstanding voting securities of the Fund. Any such renewal shall be approved by the vote of a majority of the Directors who are not interested persons under the ICA, cast in person at a meeting called for the purpose of voting on such renewal. This Agreement may be terminated without penalty at any time by the Investment Manager or the Sub-Adviser upon 60 days written notice, and will automatically terminate in the event of (i) its "assignment" by either party to this Agreement, as such term is defined in the ICA, subject to such exemptions as may be granted by the Securities and Exchange Commission by rule, regulation or order, or (ii) upon termination of the Management Agreement, provided the Sub-Adviser has received prior written notice thereof.

  • Term of Contract and Termination (1) This Contract shall enter into force with retroactive effect on Contract award. It documents the mutual rights and obligations on the delivery of gas by the Supplier on the basis of one or more successful tenders in the OGE call for tenders for fuel gas. This Contract shall end at the end of the delivery period without notice having to be given. (2) Notwithstanding paragraph 1, this Contract may be terminated with immediate effect for reasonable cause. Without limitation, the infringement of a major obligation under this Contract by one of the Parties or a change by the Federal Network Agency to other requirements which are binding on OGE regarding the procurement of fuel gas shall constitute reasonable cause. This Contract may also be terminated with immediate effect in the event of repeated significant infringements of this Contract. (3) Notice of termination shall not be valid unless made in writing.

  • Duration and Termination of this Agreement This Agreement shall remain in force until March 1, 1998, and continue in force from year to year thereafter, but only so long as such continuance is specifically approved at least annually (a) by the vote of a majority of the Trustees who are not parties to this Agreement or interested persons of any party to this Agreement, cast in person at a meeting called for the purpose of voting on such approval, and (b) by the Trustees of the Trust, or by the vote of a majority of the outstanding voting securities of the Fund. The aforesaid requirement that continuance of this Agreement be "specifically approved at least annually" shall be construed in a manner consistent with the 1940 Act and the rules and regulations thereunder and any applicable SEC exemptive order therefrom. This Agreement may be terminated with respect to the Fund at any time, without the payment of any penalty, by the vote of a majority of the outstanding voting securities of the Fund or by the Trust's Board of Trustees on 60 days' written notice to you, or by you on 60 days' written notice to the Trust. This Agreement shall terminate automatically in the event of its assignment. This Agreement may be terminated with respect to the Fund at any time without the payment of any penalty by the Board of Trustees or by vote of a majority of the outstanding voting securities of the Fund in the event that it shall have been established by a court of competent jurisdiction that you or any of your officers or directors has taken any action which results in a breach of your covenants set forth herein.

  • Duration and Termination of Agreement This Agreement shall become effective with respect to each Portfolio on the later of (i) its execution and (ii) the date of the meeting of the Board of Trustees of the Trust, at which meeting this Agreement is approved as described below. The Agreement will continue in effect for a period more than two years from the date of its execution only so long as such continuance is specifically approved at least annually either by the Trustees of the Trust or by a majority of the outstanding voting securities of each of the Portfolios, provided that in either event such continuance shall also be approved by the vote of a majority of the Trustees of the Trust who are not interested persons (as defined in the Investment Company Act) of any party to this Agreement cast in person at a meeting called for the purpose of voting on such approval. Any required shareholder approval of the Agreement or of any continuance of the Agreement shall be effective with respect to any Portfolio if a majority of the outstanding voting securities of the series (as defined in Rule 18f-2(h) under the Investment Company Act) of shares of that Portfolio votes to approve the Agreement or its continuance, notwithstanding that the Agreement or its continuance may not have been approved by a majority of the outstanding voting securities of (a) any other Portfolio affected by the Agreement or (b) all the portfolios of the Trust. If any required shareholder approval of this Agreement or any continuance of the Agreement is not obtained, the Subadviser will continue to act as investment subadviser with respect to such Portfolio pending the required approval of the Agreement or its continuance or of a new contract with the Subadviser or a different adviser or subadviser or other definitive action; provided, that the compensation received by the Subadviser in respect of such Portfolio during such period is in compliance with Rule 15a-4 under the Investment Company Act. This Agreement may be terminated at any time, without the payment of any penalty, by the Trustees of the Trust, by the vote of a majority of the outstanding voting securities of the Trust, or with respect to any Portfolio by the vote of a majority of the outstanding voting securities of such Portfolio, on sixty days' written notice to the Adviser and the Subadviser, or by the Adviser or Subadviser on sixty days' written notice to the Trust and the other party. This Agreement will automatically terminate, without the payment of any penalty, in the event of its assignment (as defined in the Investment Company Act) or in the event the Advisory Agreement between the Adviser and the Trust terminates for any reason.

  • Entry Into Force, Duration and Termination 1. The Contracting Parties shall notify each other when the constitutional requirements for entry into force of this Agreement have been fulfilled. The Agreement shall enter into force on the first day of the second month following the date of receipt of the last notification. 2. This Agreement shall remain in effect for a period of 20 years. Hereinafter, it shall remain in effect until the expiration of 12 months from the date on which any of the Contracting Parties gives written notice to the other Contracting Party of its decision to terminate this Agreement. 3. In respect of investments made prior to the date when the notice of termination of this Agreement becomes effective, the provisions of Articles 1 to 12 shall remain in force for the further period of twenty years from that date.

  • Duration and Termination of Trust Unless terminated as provided herein, the Trust shall continue without limitation of time. Subject to the voting powers of one or more classes or series of Shares as set forth in the Bylaws, the Trust may be terminated at any time (i) by vote or consent of Shareholders holding at least seventy-five percent (75%) of the Shares entitled to vote or (ii) by vote or consent of majority of the entire Board of Trustees and seventy-five percent (75%) of the Continuing Trustees upon written notice to the Shareholders. Any series or class of Shares may be terminated at any time (x) by vote or consent of Shareholders holding at least seventy-five percent (75%) of the Shares of such series of class entitled to vote or (y) by vote or consent of majority of the entire Board of Trustees and seventy-five percent (75%) of the Continuing Trustees upon written notice to the Shareholders of such series or class. For the avoidance of any doubt and notwithstanding anything to the contrary in this Declaration, Shareholders shall have no separate right to vote with respect to the termination of the Trust or a series of class of Shares if the Trustees (including the Continuing Trustees) exercise their right to terminate the Trust or such series or class pursuant to clauses (ii) and (y) of this Section 4. Upon termination of the Trust or of any one or more series or classes of Shares, after paying or otherwise providing for all charges, taxes, expenses and liabilities, whether due or accrued or anticipated, of the Trust or of the particular series or class, as may be determined by the Trustees, the Trust shall in accordance with such procedures as the Trustees consider appropriate reduce the remaining assets to distributable form in cash or shares or other property, or any combination thereof, and distribute the proceeds to the Shareholders of the series or class(es) involved, ratably according to the number of Shares of such series or class held by the several Shareholders on the date of termination, except to the extent otherwise required or permitted by the preferences and special or relative rights and privileges of any classes or series of Shares.

  • Term of Agreement and Termination 2.1. This Agreement enters into effect at the time of acceptance of this Agreement. 2.2. This Agreement will terminate without any further notice in the event products offered under this Agreement have not been used during a period of two (2) years. 2.3. This Agreement may be terminated at any time by either party with 30 days written notice. 2.4. This Agreement may be terminated by SAS with immediate effect if the Company code is used for private purposes or if SAS has reasonable cause to believe that such or similar misuse has occurred or if the Company is put into bankruptcy, enters into liquidation or is otherwise deemed to be insolvent.

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