Period of Execution. 19.1 The duration of this contract shall be two years. However, this contract may be extended for a further three (3) months under the same terms and conditions.
Period of Execution. The period of execution of the Financing Agreement shall comprise two phases: an operational implementation phase, in which the principal activities are carried out. This phase shall commence on the entry into force of the Financing Agreement and end with the opening of the closure phase; a closure phase, during which final audits and evaluation are carried out and contracts and programme estimates for the implementation of the Financing Agreement are technically and financially closed. This phase shall end at the latest 24 months after the end of the operational implementation phase. Costs related to the principal activities shall be eligible for EU financing only if they have been incurred during the operational implementation phase. Costs related to final audits and evaluation and closure activities shall be eligible up to the end of the closure phase. Any balance remaining from the EU contribution will be automatically decommitted no later than six months after the end of the period of execution. In exceptional and duly substantiated cases, a request may be made for the extension of the operational implementation phase and correlatively of the period of execution. If the extension is requested by the Beneficiary, the request must be made at least three months before the end of the operational implementation phase and approved by the Commission before that latter date. In exceptional and duly substantiated cases, and after the end of the operational implementation phase, a request may be made for the extension of the closure phase and correlatively of the period of execution. If the extension is requested by the Beneficiary, therequest must be made at least three months before the end of the closure phase and approved by the Commission before that latter date.
Period of Execution. The period of execution of the financing agreement shall commence on the entry into force of the financing agreement and end at 31/12/2009. This period of execution shall comprise two phases : an operational implementation phase, which shall commence on the entry into force of the financing agreement and end at 31/12/2007. As from this date shall commence the closure phase, which shall end at the end of the period of execution.
Period of Execution. 5.1 The period of execution of the Financing Agreement as defined in Article 4 of the General Conditions shall commence on the entry into force of the Financing Agreement and end 72 months after this date.
5.2 The duration of the operational implementation phase is fixed at 48 months.
5.3 The duration of the closure phase is fixed at 24 months.
Period of Execution. The period of execution of the Financing Agreement shall comprise two phases: an operational implementation phase, in which the principal activities are carried out. This phase shall commence on the entry into force of the Financing Agreement and end with the opening of the closure phase; a closure phase, during which final audits and evaluation are carried out and contracts and programme estimates for the implementation of the Financing Agreement are technically and financially closed. This phase shall end at the latest 24 months after the end of the operational implementation phase. Costs related to the principal activities shall be eligible for EU financing only if they have been incurred during the operational implementation phase. Costs related to final audits and evaluation and closure activities shall be eligible up to the end of the closure phase. Any balance remaining from the EU contribution will be automatically decomrnitted no later than six months after the end of the period of execution. In exceptional and duly substantiated cases, a request may be made for the extension of the operational implementation phase and correbtively of the period of execution. If the extension is requested by the Beneficiary, the request must be made at least three months before the end of the operational implementation phase and approved by the Commission before that latter date. In exceptional and duly substantiated cases, and after the end of the operational implementation phase, a request may be made for the extension of the closure phase and correlatively of the period of execution. If the extension is requested by the Beneficiary, the request must be made at least three months before the end of the closure phase and approved by the Commission before that latter date.
5.1 When the Commission is making payments related to contracts implementing the Financing Agreement and awarded by the Beneficiary, the Beneficiary shall undertake to provide the Commission with the payment requests or invoice no later than 15 calendar days before the payment deadline for the initial pre-financings specified in the contract. In case of further pre-financing for grants, and interim and final payments, the Beneficiary shall undertake to provide the Commission with the payment request or invoice not later than 30 calendar days before the expiry of the payment deadline specified in the contract. The Beneficiary shall notify the Commission of the date of registration of this request....
Period of Execution. 19.1 The duration of this contract shall be 36 months.
Period of Execution. 6.1. The Company may set the date and time when a particular Underlying asset expires. This should be displayed on the Platform. The customer agrees that checking the expiration date and time is its responsibility.
6.2. If the Customer does not close the Open position that is related to the Underlying asset, for which the expiration date is set, until that date, the Open position will automatically close at the expiration date. The Open position will be closed at the last price proposed at the last moment before the relevant date and time of expiry.
6.3. The customer realizes that a certain Underlying Market can become volatile or nonliquid without warning. Under such circumstances, it may be impossible to execute the Customer’s orders, especially in the period shortly before the expiration date.
Period of Execution. 7.1. The Contractor shall commence the design and execution of the System as soon as is reasonably practicable after the Commencement Date, and shall then proceed with the System with due expedition. In the event of exercise of the Call Option in accordance with par. 4.6, the Contractor shall commence the design and execution of the Additional System as soon as is reasonably practicable after receipt from the Client of communication of exercise of the Call Option.
7.2. The Parties have agreed that the System shall be executed by the Contractor according to timing set out in the Deliverables and Payment Schedule. The Contractor shall complete the whole System within the Final Long Stop Date. The Final Long Stop Date shall include achieving the passing of the Test of SubcSystem under par. 9.2 and the issuance of the Acceptance Test Certificate.
7.3. The Contractor shall be responsible for the timely and complete delivery of the System as a whole within the Final Long Stop Date. For any reason whatsoever shall late delivery of the Deliverable in respect of each Deadline be reported and duly justified by the Contractor to the Client, while the Contractor has to suggest what steps at what time schedule shall be taken in order to catch up such delay. While doing so, thereupon for no reason whatsoever shall sanctions, fines or penalty of whatsoever nature be attributable to or imposed on the Contractor for late delivery of the Deliverables in respect of each Deadline – except for Deliverable “D9” and “D16” and except as otherwise stated in this par.
Period of Execution. The delivery deadline of the subject of work to the place of execution is no later than 31.8.2020.
Period of Execution. 19.1 The duration of this contract shall be up to 31st December 2011. However, this contract may be extended for a further three (3) months under the same terms and conditions.
