Common use of EFFECTIVE DATE; TERMINATION; COSTS Clause in Contracts

EFFECTIVE DATE; TERMINATION; COSTS. 9.1. This Agreement shall become effective upon acceptance by you and shall continue in full force and effect for a term ending three (3) years from the date hereof (the "Renewal Date") and from year to year thereafter, unless sooner terminated pursuant to the terms hereof. Either party may terminate this Agreement on the Renewal Date or on the anniversary of the Renewal Date in any year by giving the other party at least sixty (60) days prior written notice by registered or certified mail, return receipt requested, and, in addition, you shall have the right to terminate this Agreement immediately at any time upon the occurrence of an Event of Default. No termination of this Agreement, however, shall relieve or discharge us of our duties, obligations and covenants hereunder until all Obligations have been paid in full, and your continuing security interest in the Collateral shall remain in effect until said Obligations have been fully discharged.

Appears in 2 contracts

Samples: Loan Agreement (Pny Technologies Inc), Loan Agreement (Pny Technologies Inc)

AutoNDA by SimpleDocs

EFFECTIVE DATE; TERMINATION; COSTS. 9.1. This Agreement shall become effective upon acceptance by you and shall continue in full force and effect for a term ending three two (32) years from the date hereof (the "Renewal DateRENEWAL DATE") and from year to year thereafter, unless sooner terminated pursuant to the terms hereof. Either party may terminate this Agreement on the Renewal Date or on the anniversary of the Renewal Date in any year by giving the other party at least sixty (60) days prior written notice by registered or certified mail, return receipt requested, and, in addition, you shall have the right to terminate this Agreement immediately at any time upon the occurrence of an Event of Default. No termination of this Agreement, however, shall relieve or discharge us of our duties, obligations and covenants hereunder until all Obligations have been paid in full, and your continuing security interest in the Collateral shall remain in effect until said such Obligations have been fully discharged.

Appears in 1 contract

Samples: Accounts Financing Agreement (Ic Isaacs & Co Inc)

EFFECTIVE DATE; TERMINATION; COSTS. 9.1. 9.1 This Agreement shall become effective upon acceptance by you and shall continue in full force and effect for a term ending three (3) years from the date hereof (the "Renewal Date") and from year to year thereafter, unless sooner terminated pursuant to the terms hereof. Either party may terminate this Agreement on the Renewal Date or on the anniversary of the Renewal Date in any year by giving the other party at least sixty (60) days prior written notice by registered or certified mail, return receipt requested, and, in addition, you shall have the right to terminate this Agreement immediately at any time upon the occurrence of an Event of Default. No termination of this Agreement, however, shall relieve or discharge us of our duties, obligations and covenants hereunder until all Obligations have been paid in full, and your continuing security interest in the Collateral shall remain in effect until said such Obligations have been fully discharged.

Appears in 1 contract

Samples: Accounts Financing Agreement (Transcrypt International Inc)

AutoNDA by SimpleDocs

EFFECTIVE DATE; TERMINATION; COSTS. 9.1. This Agreement shall become effective upon acceptance by you and shall continue in full force and effect for a term ending three one (31) years year from the date hereof (the "Renewal DateInitial Term") and shall automatically renew from year to year thereafterthereafter (the ?Renewal Term?), unless sooner terminated pursuant to the terms hereof. Either party may terminate this Agreement on the Renewal Date or on the anniversary last day of the Renewal Date in Initial Term at any year time and thereafter by giving the other party at least sixty (60) days prior written notice by registered or certified mail, return receipt requested, and, in addition, you shall have the right to terminate this Agreement immediately at any time upon the occurrence of an Event of Default. No termination of this Agreement, however, shall relieve or discharge us of our duties, obligations and covenants hereunder until all Obligations have been paid in full, and your continuing security interest in the Collateral shall remain in effect until said such Obligations have been fully discharged.

Appears in 1 contract

Samples: Accounts Receivable Financing Security Agreement (Hjelms Jim Private Collection LTD /De/)

Time is Money Join Law Insider Premium to draft better contracts faster.