Common use of DURATION & RENEWAL Clause in Contracts

DURATION & RENEWAL. 9.1. This agreement is effective on the date of its signature and is terminated according to the provisions of article 10 hereof. 9.2. Initial duration of the present is agreed by the parties to be two (2) years (“Initial Duration”), starting from the date of commencement of electricity supply by the Supplier, unless otherwise specified in the Special Terms hereof. The commencement date of the supply of electricity means the date the Load Meter Representation Statement comes into force, as such date is determined by the competent Operator, in line with article 42 of the CSE. 9.3. This agreement is automatically renewed for the time period of one (1) year (“Renewal Duration”), unless fifteen (15) days prior to the expiration of the Initial Duration or of each Renewal Duration period, one of the contracting parties declares in writing notifying the counterparty that they do not wish to renew the agreement. In the event of automatic renewal hereof each Supplier product in force on the first day of the Renewal Duration period, which shall be published on the Supplier’s website xxx.xxxxxxxxx.xx (“Website”), shall apply, which shall automatically result in the respective amendment of this Agreement.

Appears in 3 contracts

Samples: Electricity Supply Agreement, Electricity Supply Agreement, Electricity Supply Agreement

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DURATION & RENEWAL. 9.1. This agreement is effective on the date of its signature and is terminated according to the provisions of article 10 hereof. 9.2. Initial duration of the present this agreement is agreed by the parties to be two (2) years (“Initial Duration”), starting from the date of commencement of electricity supply by the Supplier, unless otherwise specified in the Special Terms hereof. The commencement date of the supply of electricity means the date the Load Meter Representation Statement comes into force, as such date is determined by the competent Operator, in line with article 42 of the CSE. 9.3. This agreement is automatically renewed for the time period of one (1) year (“Renewal Duration”), unless fifteen (15) days prior to the expiration of the Initial Duration or of each Renewal Duration period, one of the contracting parties declares in writing notifying the counterparty that they do not wish to renew the agreement. In the event of automatic renewal hereof each Supplier product in force on the first day of the Renewal Duration period, which shall be published on the Supplier’s website xxx.xxxxxxxxx.xx (“Website”), shall apply, which shall automatically result in the respective amendment of this Agreementagreement.

Appears in 2 contracts

Samples: Electricity Supply Agreement, Electricity Supply Agreement

DURATION & RENEWAL. 9.1. This agreement is effective on the date of its signature and is terminated according to the provisions of article 10 hereof. 9.2. Initial duration of the present is agreed by the parties to be two one (21) years year (“Initial Duration”), starting from the date of commencement of electricity supply by the Supplier, unless otherwise specified in the Special Terms hereof. The commencement date of the supply of electricity means the date the Load Meter Representation Statement comes into force, as such date is determined by the competent Operator, in line with article 42 of the CSE. 9.3. This agreement is automatically renewed for the time period of one (1) year (“Renewal Duration”), unless fifteen (15) days prior to the expiration of the Initial Duration or of each Renewal Duration period, one of the contracting parties declares in writing notifying the counterparty that they do not wish to renew the agreement. In the event of automatic renewal hereof each Supplier product in force on the first day of the Renewal Duration period, which shall be published on the Supplier’s website xxx.xxxxxxxxx.xx (“Website”), shall apply, which shall automatically result in the respective amendment of this Agreementagreement.

Appears in 1 contract

Samples: Electricity Supply Agreement

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DURATION & RENEWAL. 9.1. This agreement is effective on the date of its signature and is terminated according to the provisions of article 10 hereof. 9.2. Initial duration of the present is agreed by the parties to be two (2) years (“Initial Duration”), starting from the date of commencement of electricity supply by the Supplier, unless otherwise specified in the Special Terms hereof. The commencement date of the supply of electricity means the date the Load Meter Representation Statement comes into force, as such date is determined by the competent Operator, in line with article 42 of the CSE. 9.3. This agreement is automatically renewed for the time period of one (1) year (“Renewal Duration”), unless fifteen (15) days prior to the expiration of the Initial Duration or of each Renewal Duration period, one of the contracting parties declares in writing notifying the counterparty that they do not wish to renew the agreement. In the event of automatic renewal hereof each Supplier product in force on the first day of the Renewal Duration period, which shall be published on the Supplier’s website xxx.xxxxxxxxx.xx (“Website”), shall apply, which shall automatically result in the respective amendment of this Agreementagreement.

Appears in 1 contract

Samples: Electricity Supply Agreement

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