Duration, termination and consequences of termination Sample Clauses

Duration, termination and consequences of termination. 8.1 This contract will take effect on the date of its signature by both parties or, if signatures do not occur simultaneously, when the latest signature is given. Unless sooner terminated pursuant to Articles 8.2, 8.3 or 8.4, this contract shall continue for a period of [specify period].
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Duration, termination and consequences of termination. 8.1. The following clauses of the IP and Mutual Exclusivity Agreement shall apply to this Agreement, as if incorporated in this Agreement directly: 8.1.1. Clause 3 (Duration of Agreement) 8.1.2. Clause 12 (Termination and Liquidation) 8.1.3. Clause 13 (Consequences of Termination) 8.2. Psyence hereby undertakes that in the event that Psyence Australia ceases to be a wholly-owned subsidiary of Psyence Biomed: 8.2.1. it will immediately provide written notice hereof to Optimi; and 8.2.2. Psyence Australia will immediately cease to be a party to the Bundle of Agreements in accordance with the terms of Clause 13 (Consequences of Termination) of the IP and Mutual Exclusivity Agreement.
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Duration, termination and consequences of termination. 10.1. The (initial) term of the Agreement is defined in the Agreement. If the Agreement does not specify a term, it will have a term of one (1) year. Unless otherwise agreed, the term of the Agreement will be automatically extended by one (1) year each time after the initial term expires. 10.2. Unless otherwise agreed, either party may terminate the Agreement for convenience (opzegging)with effect from the end of the term (or extended term) of the Agreement, subject to a notice period of at least three (3) calendar months. Premature and interim termination of the Agreement for convenience (opzegging) by the Client is not possible. 10.3. Without prejudice to statutory rights, either party may dissolve the Agreement in whole or in part (ontbinden) due to an attributable breach of the Agreement, if, after a written notice of default giving a reasonable period to remedy the breach, the other party continues to fail to fulfil its obligations even after that reasonable period. 10.4. Either party may dissolve the Agreement in whole or in part (ontbinden) without notice of default and with immediate effect (a) if the other party is granted a suspension of payments, provisional or otherwise, (b) if the other party is declared bankrupt, (c) if the other party's business is liquidated or terminated other than for the purpose of reconstruction or amalgamation of companies, or (d) AgroVision is prevented from doing business with the Client under international and European sanction regulations. AgroVision is not liable for any restitution or compensation because of the dissolution referred to in this paragraph. 10.5. If, at the time of dissolution (ontbinding), the Client has already received from AgroVision properly provided or delivered Software and/or Services in implementation of the Agreement, the related amounts invoiced by AgroVision before the dissolution will remain fully due and become immediately payable at the time of dissolution. 10.6. From the time of termination of the Agreement, for whatever reason and on whatever grounds, the Client will - unless otherwise expressly agreed - immediately cease and discontinue the use of all Software that has been provided. In such case, AgroVision is also entitled to deny access to the Software and/or Services through technical measures. 10.7. On becoming aware of the termination of the Agreement and on a request by the Client to that effect, AgroVision will cooperate in the smooth transition to another supplier and/or S...
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Duration, termination and consequences of termination. 15.1 This Agreement comes into effect when it is signed and dated by the parties and, unless otherwise terminated in accordance with its terms, will continue until the end of the Grant Period or, if later, the date on which all Grant monies have been spent. 15.2 Any rights or obligations under this Agreement which are expressed to survive, or which otherwise by necessary implication survive the expiry or termination for any reason of this Agreement (including all indemnities and any obligations relating to use of unspent amounts of the Grant or use of proceeds of sale of assets purchased with the Grant) will continue after expiry or termination.
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Duration, termination and consequences of termination. 7.1 This Contract will take effect on the date of its signature by both Parties or, if signatures do not occur simultaneously, when the latest signature is given. Unless sooner terminated pursuant to article 7.2, 7.3 or 7.4, this Contract shall continue for a period of [specify period]. 7.2 The Customer shall be entitled to terminate this Contract at any time by giving not less than [specify period] written notice to the Supplier. 7.3 The Supplier may (without limiting its rights under article 5) forthwith terminate this Contract by giving written notice to the Customer, if the latter fails to pay any sum payable by it under this Contract within [specify figure] days of the due date for payment. 7.4 Either Party may (without limiting any other remedy) at any time terminate the agreement by giving written notice to the other if the other commits any breach of this Contract and (if capable of remedy) fails to remedy the breach within thirty (30) [specify any other figure] days after being required by written notice to do so, or if the other goes into liquidation, becomes bankrupt, makes a voluntary arrangement with its creditors or has a receiver or administrator appointed. For the purposes of the present sub-article, a breach of any provision of this Contract shall be considered capable of remedy if the Party in breach can comply with the provision in question in all respects other than as to the time of performance. 7.5 The termination of this Contract for any reason shall not affect: 7.5.1 either Party’s accrued rights, remedies or liabilities including payments due at the effective date of termination; or 7.5.2 the coming into force or the continuance in force of any provision of this Contract which is expressly or by implication intended to come into or continue in force on or after termination
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Duration, termination and consequences of termination. If either Shareholder ("THE DEFAULTING SHAREHOLDER") shall:
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Duration, termination and consequences of termination. This Agreement is effective upon the Effective Date and, unless terminated sooner in accordance with any of the provisions herein, shall remain in full force and effect until either party serves sixty days (60) written notice of termination to the other party. The "Termination Date" is the date determined by adding sixty (60) days to the date of the notice of termination. The "End Date" is determined by adding eighteen months (18) to the Termination Date. Either party shall have the right to terminate this Agreement if the other party breaches any material obligation hereunder by providing written notice of such breach to the other party and affording said other party a forty-five (45) day cure period. Such termination shall become automatically effective unless such other party shall have remedied the breach prior to the expiration of the forty-five (45) day cure period. Client shall have·no obligation to pay the Success Fee to ipCLC with respect to any IP Agreement with Candidate relating to the IP Rights unless Client enters into such IP Agreement with such Candidate before the End Date. ipCapital Licensing Company • 000 0xxxxxxxxx Xxxxxx, Xxxxx #000 • Xxxxxxxxx, XX 00000-0000 Phone:(000) 000-0000 • Fax:(000) 000-0000
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Duration, termination and consequences of termination 
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Related to Duration, termination and consequences of termination

  • Consequences of Termination If this Agreement is terminated pursuant to this Article, the Funder may: (a) cancel all further Funding instalments; (b) demand the repayment of any Funding remaining in the possession or under the control of the HSP; (c) through consultation with the HSP, determine the HSP’s reasonable costs to wind down the Services; and

  • Effects of Termination In the event of any termination of this Agreement as provided in Section 5.1, this Agreement (other than Section 3.2(b), this Section 5.2 and ARTICLE VI (other than Sections 6.1 and 6.2) and all applicable defined terms, which shall remain in full force and effect) shall forthwith become wholly void and of no further force and effect; provided that nothing herein shall relieve any party from liability for willful breach of this Agreement.

  • Termination Effect of Termination 44 9.1 TERMINATION................................................44 9.2

  • Term Termination 10.1. This Agreement shall be effective as of the date hereof and shall continue in force until terminated in accordance with the provisions herein. 10.2. This Agreement shall terminate in accordance with the following provisions: (a) At the option of the Company or the Trust at any time from the date hereof upon 180 days’ notice, unless a shorter time is agreed to by the parties; (b) At the option of the Company or the Trust, if Fund shares are not reasonably available to meet the requirements of the Variable Contracts. Prompt notice of election to terminate shall be furnished by the Company. The termination will be effective ten days after receipt of notice unless the Trust makes available a sufficient number of Fund shares to reasonably meet the requirements of the Variable Contracts within the ten-day period; (c) At the option of the Company, upon the institution of formal proceedings against the Trust, the Distributor or Adviser by the SEC, FINRA, or any other regulatory body, the expected or anticipated ruling, judgment or outcome of which would, in the Company’s reasonable judgment, materially impair the Trust’s, the Distributor’s or the Adviser’s ability to meet and perform their respective obligations and duties hereunder. Prompt notice of election to terminate shall be furnished by the Company with said termination to be effective upon receipt of notice; (d) At the option of the Trust, the Distributor or the Adviser, upon the institution of formal proceedings against the Company by the SEC, FINRA, or any other regulatory body, the expected or anticipated ruling, judgment or outcome of which would, in Trust’s reasonable judgment, materially impair the Company’s ability to meet and perform its obligations and duties hereunder. Prompt notice of election to terminate shall be furnished by Trust with said termination to be effective upon receipt of notice; (e) At the option of the Company, in the event the Trust’s shares are not registered, issued or sold in accordance with applicable state or federal law, or such law precludes the use of such shares as the underlying investment medium of Variable Contracts issued or to be issued by the Company. Termination shall be effective immediately upon notice to the Trust; (f) At the option of the Trust if the Variable Contracts cease to qualify as annuity contracts or life insurance contracts, as applicable, under the Code, or if the Trust reasonably believes that the Variable Contracts may fail to so qualify. Termination shall be effective upon receipt of notice by the Company; (g) At the option of the Company, upon the Trust’s breach of any material provision of this Agreement, which breach has not been cured to the satisfaction of the Company within ten days after written notice of such breach is delivered to the Trust; (h) At the option of the Trust, upon the Company’s breach of any material provision of this Agreement, which breach has not been cured to the satisfaction of the Trust within ten days after written notice of such breach is delivered to the Company; (i) At the option of the Trust, if the Variable Contracts are not registered, issued or sold in accordance with applicable federal and/or state law. Termination shall be effective immediately upon such occurrence without notice to the Company; (j) At the option of the Company in the event that any Fund ceases to qualify as a Regulated Investment Company under Subchapter M of the Code or under any successor or similar provision, or if the Company reasonably believes that any Fund may fail to so qualify. Termination shall be effective immediately upon notice to the Trust; (k) At the option of the Company in the event that any Fund fails to meet the diversification requirements specified in Article II hereof or if the Company reasonably believes that any Fund may fail to meet such diversification requirements. Termination shall be effective immediately upon notice to the Trust; and (l) In the event this Agreement is assigned without the prior written consent of the Company, the Trust, the Distributor and the Adviser, termination shall be effective immediately upon such occurrence without notice. 10.3. Notwithstanding any termination of this Agreement pursuant to Section 10.2 hereof, the Trust shall, at the option of the Company, continue to make available additional Fund shares, as provided below, for so long as the Company desires pursuant to the terms and conditions of this Agreement, for all Variable Contracts in effect on the effective date of termination of this Agreement (“Existing Contracts”). Specifically, without limitation, if the Company so elects to make additional Fund shares available, the owners of the Existing Contracts or the Company, whichever shall have legal authority to do so, shall be permitted to reallocate investments in the Trust, redeem investments in the Trust and/or invest in the Trust upon the payment of additional premiums under the Existing Contracts. In the event of a termination of this Agreement, the Company, as promptly as is practicable under the circumstances, shall notify the Trust, the Distributor and the Adviser whether the Company elects to continue to make Fund shares available after such termination. If Fund shares continue to be made available after such termination, the provisions of this Agreement shall remain in effect. 10.4. Except as necessary to implement Variable Contract owner initiated transactions, or as required by state insurance laws or regulations, the Company shall not redeem the shares attributable to the Variable Contracts (as opposed to the shares attributable to the Company’s assets held in the Separate Accounts or invested directly), and the Company shall not prevent Variable Contract owners from allocating payments to a Fund that was otherwise available under the Variable Contracts, until thirty (30) days after the Company shall have notified the Trust of its intention to do so.

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