Common use of Effectivity Clause in Contracts

Effectivity. This Memorandum of Agreement shall take effect immediately upon signing by the parties hereto and shall remain in full force and effect until terminated, revoked, amended and/or the project duration extended by the contracting parties.

Effectivity. This Memorandum of Agreement shall take effect immediately upon signing by of the parties hereto and shall remain in full force and effect until terminated, revoked, amended and/or for the duration of the project duration extended unless sooner terminated by all parties for any, but not limited to the following reasons: Failure of the proponent/conduit to submit required financial and progress report within the prescribed period; and Any violation of the condition that, as determined by the contracting partiesany of the parties hereto, will prejudice the successful implementation/completion of the project.