Common use of Duration, Suspension and Termination Clause in Contracts

Duration, Suspension and Termination. 6.1 This Project Agreement shall enter into force on the Effective Date and shall continue in full force and effect until complete fulfilment of all obligations undertaken by the parties under this Project Agreement. 6.2 In the event the Project Steering Committee identifies a breach by a party of its obligations under this Project Agreement, the Project Leader will give written notice to such party requiring that such breach be remedied within thirty (30) calendar days. If such breach is substantial and is not remedied within that period or is not capable of remedy, the Project Leader shall inform the Program Steering Committee who may decide to declare the party to be a Defaulting Party and to decide on the consequences thereof which may include termination. If the Project Leader breaches its obligations under this Project Agreement, each party may give written notice to the Project Leader requiring that such breach be remedied within thirty (30) calendar days. If such breach is substantial and is not remedied within that period or is not capable of remedy, the notifying party may inform the Program Steering Committee who may decide to declare the Project Leader to be a Defaulting Party and to decide on the consequences thereof which may include termination and assignment of another party as the Project Leader. 6.3 This Project Agreement or the participation of one or more parties may be suspended or terminated in accordance with the terms of the Horizontal Program Consortium Agreement. If SIM terminates the Horizontal Program Consortium Agreement or a party's participation in the Horizontal Program Consortium Agreement, this Project Agreement shall automatically terminate in respect of the affected party/ies. 6.4 The provisions of Article 4, Article 5 and Article 7.1 shall remain in full force and effect after expiration or termination of this Project Agreement.

Appears in 1 contract

Samples: Project Agreement

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Duration, Suspension and Termination. 6.1 This Project Agreement shall enter into force on the Effective Date and shall continue in full force and effect until complete fulfilment of all obligations undertaken by the parties under this Project Agreement. 6.2 In the event the Project Steering Committee identifies a breach by a party of its obligations under this Project Agreement, the Project Leader will give written notice to such party requiring that such breach be remedied within thirty (30) calendar days. If such breach is substantial and is not remedied within that period or is not capable of remedy, the Project Leader shall inform the Program Steering Committee who which may decide to declare the party to be a Defaulting Party and to decide on the consequences thereof which may include termination. If the Project Leader breaches its obligations under this Project Agreement, each party may give written notice to the Project Leader requiring that such breach be remedied within thirty (30) calendar days. If such breach is substantial and is not remedied within that period or is not capable of remedy, the notifying party may inform the Program Steering Committee who which may decide to declare the Project Leader to be a Defaulting Party and to decide on the consequences thereof which may include termination and assignment of another party as the Project Leader. 6.3 This Project Agreement or the participation of one or more parties may be suspended or terminated in accordance with the terms of the Horizontal Program Consortium AgreementGrant Agreement and the FIO Agreements. If SIM terminates the Horizontal Program Consortium Grant Agreement or a party's participation in the Horizontal Program Consortium Grant Agreement, this Project Agreement shall automatically terminate in respect of the affected party/ies. 6.4 The provisions of Article 4, Article 5 and Article 7.1 shall remain in full force and effect after expiration or termination of this Project Agreement.

Appears in 1 contract

Samples: Project Agreement

Duration, Suspension and Termination. 6.1 This Project Agreement shall enter into force on the Effective Date and shall continue in full force and effect until complete fulfilment of all obligations undertaken by the parties under this Project Agreement. 6.2 In the event the Project Steering Committee identifies a breach by a party of its obligations under this Project Agreement, the Project Leader will give written notice to such party requiring that such breach be remedied within thirty (30) calendar days. If such breach is substantial and is not remedied within that period or is not capable of remedy, the Project Leader shall inform the Program Steering Committee who may decide to declare the party to be a Defaulting Party and to decide on the consequences thereof which may include termination. If the Project Leader breaches its obligations under this Project Agreement, each party may give written notice to the Project Leader requiring that such breach be remedied within thirty (30) calendar days. If such breach is substantial and is not remedied within that period or is not capable of remedy, the notifying party may inform the Program Steering Committee who may decide to declare the Project Leader to be a Defaulting Party and to decide on the consequences thereof which may include termination and assignment of another party as the Project Leader. 6.3 This Project Agreement or the participation of one or more parties may be suspended or terminated in accordance with the terms of the Horizontal Program Consortium AgreementGrant Agreement and the IWT Agreements. If SIM terminates the Horizontal Program Consortium Grant Agreement or a party's participation in the Horizontal Program Consortium Grant Agreement, this Project Agreement shall automatically terminate in respect of the affected party/ies. 6.4 The provisions of Article 4, Article 5 and Article 7.1 shall remain in full force and effect after expiration or termination of this Project Agreement.

Appears in 1 contract

Samples: Project Agreement

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Duration, Suspension and Termination. 6.1 This Project Agreement shall enter into force on the Effective Date and shall continue in full force and effect until complete fulfilment of all obligations undertaken by the parties under this Project Agreement. 6.2 In the event the Project Steering Committee identifies a breach by a party of its obligations under this Project Agreement, the Project Leader will give written notice to such party requiring that such breach be remedied within thirty (30) calendar days. If such breach is substantial and is not remedied within that period or is not capable of remedy, the Project Leader shall inform the Program Steering Committee who which may decide to declare the party to be a Defaulting Party and to decide on the consequences thereof which may include termination. If the Project Leader breaches its obligations under this Project Agreement, each party may give written notice to the Project Leader requiring that such breach be remedied within thirty (30) calendar days. If such breach is substantial and is not remedied within that period or is not capable of remedy, the notifying party may inform the Program Steering Committee who which may decide to declare the Project Leader to be a Defaulting Party and to decide on the consequences thereof which may include termination and assignment of another party as the Project Leader. 6.3 This Project Agreement or the participation of one or more parties may be suspended or terminated in accordance with the terms of the Horizontal Program Consortium AgreementFramework Agreement and the FIO Agreements. If SIM terminates the Horizontal Program Consortium Framework Agreement or a party's participation in the Horizontal Program Consortium Framework Agreement, this Project Agreement shall automatically terminate in respect of the affected party/ies. 6.4 The provisions of Article 4, Article 5 and Article 7.1 shall remain in full force and effect after expiration or termination of this Project Agreement.

Appears in 1 contract

Samples: Project Agreement

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