Common use of DURATION/TERM AND CANCELLATION Clause in Contracts

DURATION/TERM AND CANCELLATION. 6.1 Notwithstanding the date of signature hereof, the Commencement Date if this Agreement is for once off purchase unless: a) this Agreement is terminated by either Party in accordance with the provisions incorporated herein or in any schedules or annexures appended hereto, or otherwise in accordance with law or equity; or b) this Agreement is extended at Transnet’s option for a further period to be agreed by the Parties. 6.2 Notwithstanding clause 21 [Breach and Termination], either Party may cancel this Agreement without cause by giving 30 [thirty] calendar days prior written notice thereof to the other Party, provided that in such instance, this Agreement will nevertheless be applicable in respect of all Purchase Orders which have been placed prior to the date of such cancellation.

Appears in 1 contract

Samples: Master Agreement

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DURATION/TERM AND CANCELLATION. 6.1 Notwithstanding the date of signature hereof, the Commencement Date if this Agreement is TBC and the duration shall be for once off purchase a thirty-six [36] months period, expiring on TBC, unless: a) this Agreement is terminated by either Party in accordance with the provisions incorporated herein or in any schedules or annexures appended hereto, or otherwise in accordance with law or equity; or b) this Agreement is extended at Transnet’s option for a further period to be agreed by the Parties. 6.2 Notwithstanding clause 21 20 [Breach and Termination], either Party may cancel this Agreement without cause by giving 30 [thirty] calendar days prior written notice thereof to the other Party, provided that in such instance, this Agreement will nevertheless be applicable in respect of all Purchase Orders which have been placed prior to the date of such cancellation.

Appears in 1 contract

Samples: Master Agreement

DURATION/TERM AND CANCELLATION. 6.1 Notwithstanding the date of signature hereof, the Commencement Date if of this Agreement is for once off purchase unless:is a) 6.1.1 this Agreement is terminated by either Party in accordance with the provisions incorporated herein or in any schedules or annexures appended hereto, or otherwise in accordance with law or equity; or b) 6.1.2 this Agreement is extended at Transnet’s option for a further period to be agreed by the Parties. 6.2 Notwithstanding clause 21 23 [Breach and Termination], either Party may cancel this Agreement without cause by giving 30 [thirty] calendar days prior written notice thereof to the other Party, provided that in such instance, this Agreement will nevertheless be applicable in respect of all Purchase Orders which have been placed prior to the date of such cancellation.

Appears in 1 contract

Samples: Master Agreement

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DURATION/TERM AND CANCELLATION. 6.1 Notwithstanding the date of signature hereof, the Commencement Date if this Agreement is for once off purchase unless:is a) this Agreement is terminated by either Party in accordance with the provisions incorporated herein or in any schedules or annexures appended hereto, or otherwise in accordance with law or equity; or b) this Agreement is extended at Transnet’s option for a further period to be agreed by the Parties. 6.2 Notwithstanding clause 21 [Breach and Termination]] clause, either Party may cancel this Agreement without cause by giving 30 [thirty] calendar days prior written notice thereof to the other Party, provided that in such instance, this Agreement will nevertheless be applicable in respect of all Purchase Orders which have been placed prior to the date of such cancellation.

Appears in 1 contract

Samples: Master Agreement

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