Framework Agreement term Sample Clauses

Framework Agreement term. 2.1 This Agreement shall come into force on the Effective Date and shall continue in force for an initial period of two (2) years (“Initial Term”) at which point it will be renewed automatically for successive periods of twenty-four (24) months (each 24 month period a “Renewal Period”). 2.2 Either party may terminate the Agreement prior to the expiry of the Initial Term or any Renewal Period in accordance with its terms, or by operation of law. 2.3 Each Statement of Work shall come into force on the relevant Services Commencement Date and shall continue in force for the SOW Term specified in such Statement of Work unless and until terminated in accordance with its terms.

Framework Agreement term. This framework agreement shall enter into force on the date of signature and will last [five] years, renewable for equal periods up to 24 hours a day before the service timetable [20xx-20xx] enters into force. The applicant may request to terminate the framework agreement in accordance with Provision 8 of this document. 1) Any amendment to the terms of this framework agreement may be done in two situations: ♦ Upon request of one party and accepted by the other. ♦ When new legal or regulatory measures affecting all or part of the provisions of this framework agreement are set. These amendments shall be agreed upon as an amendment to the document, signed by the parties. 2) Adif Alta Velocidad may modify or limit the terms of this Framework Agreement without the prior approval of the Applicant, as a result of adopting measures to support the most efficient use of railway infrastructure such as safety enhancements, changes in width or other, and given no other reasonable mean for this purpose. Amendments may affect the capacity offered by the rail infrastructure manager described in Annex 2, adapting the char- acteristics of the capacities (eg, travel times or train schedules), and even when necessary, propose capacity for alternative routes on which the railway undertaking is legally authorized to run its trains. It may also reduce the capacity offered in these situations when no other reasonable possibility. 3) The rail infrastructure manager shall weigh the legitimate commercial interests of the applicant, with the other applicants, given requests to extend the terms contained in this framework agreement. 4) The rail infrastructure manager may reduce the committed capacity if during the annual program, the applicant does not request paths on the basis of this Framework Agreement, unless the applicant proves that the fact and the reasons given are outside the control of the applicant. The rail infrastructure manager shall inform in writing to all other potential applicants with at least three months before the service timetable comes into force, of its intention to amend or limit the terms of this framework agreement, granting them a period of one to four months to answer. The rail infrastructure manager reserves the right not to inform other potential applicants if amendments to the framework agreement are minimal or do not affect other frameworks agreements 1) This framework agreement shall be terminated immediately, without prejudice to any compensation b...

Framework Agreement term. The Framework Agreement shall have an initial duration of four (4) years. NLFI will have the option of extending its duration one (1) year, up to five (5) times. The Term of the Framework Agreement is further described in Section 4 of the Framework Agreement. NLFI shall at any time during the Term of the Framework Agreement be entitled to enter into a framework agreement in the same form as the Framework Agreement with any other party qualifying under the same conditions as included in Chapters 4 and 5, which will result in such parties being included in the relevant Panel(s).