Renewal Clause Sample Clauses

Renewal Clause. We are not bound to accept any renewal premium or give notice that renewal is due. Under normal circumstances, renewal will not be refused except on the grounds of Your moral hazard, misrepresentation and fraud. However, We may invite renewals with a loading of premium for adverse claims experience. The loading will be applicable on policies where there are three (3) or more claims (paid) in previous three years with total amount exceeding Rs. 50,000/-. The applicable loading would be 40%. Loading will be applicable considering the expiring policies (maximum three (3) years) and will be applicable fresh at every renewal.
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Renewal Clause. Unless the insurer at least forty-five days in advance of the end of the period mails or delivers to the assured at the address shown in the policy notice of its intention not to renew the policy or to condition upon reduction of limits or elimination of coverages, the assured shall be entitled to renew the policy upon payment of the premium due on the effective date of renewal.
Renewal Clause. Unless the Company at least forty-five days in advance of the end of the policy period mails or delivers to the Assured at the address shown in the policy notice of its intention not to renew the Policy or to condition its renewal upon reduction of limits or elimination of coverages, the Assured shall be entitled to renew the Policy upon payment of the premium due on the effective date of renewal
Renewal Clause. This contract may be extended at the completion of the initial contract period for 4 additional 1 year periods upon the mutual agreement of the parties. Such mutual agreement shall take the form of an amendment to the contract required pursuant to 200 KAR 5:311.
Renewal Clause. If Party B intends to continue to lease the Leased Property upon expiry of the lease term specified in this agreement, it shall make renewal requests to Party A three months prior to the expiry of the lease term. Under same conditions, Party B shall have the pre-emptive right to lease the Leased Property. Party A and Party B shall re-enter into an agreement after reaching agreement for the renewal.
Renewal Clause. This Agreement shall remain in full force and effect until May 31, 2013, and shall renew itself from year to year unless either party shall notify the other party, in writing by certified mail, at least ninety (90) days prior to any anniversary date of this Agreement of its desire to change the agreement in any way or to terminate the agreement. In the event of notice by either party to change and/or terminate, and no agreement of such changes and/or termination is reached prior to May 31, 2013 this Agreement shall be deemed to have terminated midnight, May 31, 2013. Dated this 1st day of June, 2010. For and on behalf of: IRON WORKERS LOCAL UNION NO. 25 Xxx Xxxxxx Xxxx X’Xxxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxxx XX Xxxx Xxx Xxxx Xxxxxx Xxxx Xxxxxxxxxx Xxx Xxxxxxxxx GREAT LAKES FABRICATORS AND ERECTORS ASSOCIATION
Renewal Clause. 52. If the Operator wishes to renew this agreement, they shall so advise the Township in writing by October 1, 2023. The Operator acknowledges that the Township may be required to undertake a request for proposals process in relation to the management and operations of the concession services at the Tyendinaga Recreation Complex. Renewal is subject to Council approval.
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Renewal Clause. Renewal: Unless another contract is signed by the parties hereto replacing this agreement or unless written notice of termination is given by one party to the other as stated in 6G, the parties hereto agree that this contract shall be automatically renewed automatically each year on the anniversary date of this contract..
Renewal Clause. 1. This Agreement and any amendments thereto will remain in full force and effect from September 1, 2009 until Midnight, March 31, 2013, and thereafter will renew itself from year to year unless either party hereto will notify the other party, in writing, at least 90 days prior to March 31, 2013 or any anniversary date thereafter of its desire to change the Agreement in any way or to terminate the Agreement. Such written notice will be sent to the other party. In the event of notice by either party to change and/or terminate, and no agreement of such changes and/or termination is reached prior to March 31, 2013, or, if applicable, any subsequent anniversary date, this Agreement will be deemed to have terminated Midnight, March 31, 2013, or at Midnight on the applicable anniversary date. For Iron Workers Local No. 340 Xxxx Xxxxxx Business Manager, FST Date: For the Great Lakes Metal Building Erectors Association and its Employer Members Xxxxx X. Xxxxxx GLMBEA Staff Representative Date: ADDENDUM NO. 1 Where application of the wage rates in this Agreement to a specific project is contrary to the interest of the parties, the Union and a signatory Employer may mutually agree in writing to an adjusted wage rate. A copy of this Addendum No. 1 Form with all pertinent information, including the agreed upon adjusted wage rate, must be completed and executed by both the Union and the signatory Employer. The signatory Employer must immediately provide a copy of this completed Addendum No. 1 Form to GLMBEA. It is the responsibility of each Employer covered by the Agreement to determine if Addendum No. 1 with an adjusted wage rate has been executed for a particular project. Addendum No. 1 is an exception to the equal treatment clause in Article XXIX of the Agreement. This Addendum shall be applicable on a job-by-job basis. Project Name: Project Location: Project State Date: Employer Name: Employer Address: Adjusted Wage Rate: For Local No. 340 Signature: Title: Date: For the Employer Signature: Title: Date: ADDENDUM NO. 2 The parties to this Agreement agree to meet pursuant to the Labor Management Committee provision to discuss any unresolved contract issues, including issues relating to job xxxxxxx.

Related to Renewal Clause

  • Renewal of Agreement This agreement does not automatically renew, and residence in UCF DHRL residence facilities during one agreement period does not guarantee that residence accommodations will be offered to the Student for any following periods. The Student is solely responsible for the timely completion of housing agreements for future periods. UCF DHRL housing agreements shall not be re-offered to residents who are unwilling to adhere to the basic elements of good housekeeping, and community living. UCF DHRL housing agreements shall not be re-offered to residents who disregard or violate rules, regulations, or policies established for governing UCF DHRL residential facilities. Finally, housing agreements shall not be re-offered to residents who have outstanding charges from UCF DHRL.

  • Renewal, Extension The renewal or extension of any Letter of Credit shall, for purposes hereof, be treated in all respects the same as the issuance of a new Letter of Credit hereunder.

  • Renewal Terms Immediately following the Initial Term this Agreement shall automatically renew for successive one-year periods (a “Renewal Term”).

  • Renewal Fee Borrower agrees to pay a fee equal to one-quarter of one percent (0.25%) of the Bank’s committed amount for the Line of Credit upon any renewal of the Line of Credit.

  • Extension Terms County may, at its sole option, extend the term of this Agreement beyond the Initial Term for up to ___ additional one-year terms at the same rates and under the same terms provided for herein (each such period being an “Extension Term”). County shall notify Contractor of its election for an Extension Term(s) as provided for in §6.

  • Non-Renewal of Agreement (i) If the Company gives a Non-Renewal Notice to the Executive, the Employment Term and the Executive’s employment hereunder shall terminate as of the expiration of the Initial Term or then-current Renewal Term, as applicable, and the Company shall provide the Executive with all of the payments and benefits set forth in Section 4(c) hereof, subject to his execution and non-revocation of the Release by the Release Effective Date.

  • Acceptance of Terms of Agreement THE RECEIPT AND ACCEPTANCE OF THE CERTIFICATE BY THE CERTIFICATEHOLDER, WITHOUT ANY SIGNATURE OR FURTHER MANIFESTATION OF ASSENT, SHALL CONSTITUTE THE UNCONDITIONAL ACCEPTANCE BY THE CERTIFICATEHOLDER OF ALL THE TERMS AND PROVISIONS OF THIS AGREEMENT, AND SHALL CONSTITUTE THE AGREEMENT OF THE OWNER TRUSTEE, ON BEHALF OF THE OWNER TRUST, THAT THE TERMS AND PROVISIONS OF THIS AGREEMENT SHALL BE BINDING, OPERATIVE AND EFFECTIVE AS BETWEEN THE OWNER TRUSTEE AND THE CERTIFICATEHOLDER.

  • Alteration to terms of insurances No Borrower shall make or agree to any alteration to the terms of any obligatory insurance or waive any right relating to any obligatory insurance.

  • Renewal Term If not sooner terminated, this Agreement shall renew at the end of the Initial Term and shall thereafter continue for successive annual periods, provided such continuance is specifically approved at least annually (i) by the Fund’s Board of Trustees or (ii) by a vote of a majority of the outstanding voting securities of the relevant portfolio of the Fund, provided that in either event the continuance is also approved by the majority of the Trustees of the Fund who are not interested persons (as defined in the 0000 Xxx) of any party to this Agreement by vote cast in person at a meeting called for the purpose of voting on such approval. If a plan under Rule 12b-1 of the 1940 Act is in effect, continuance of the plan and this Agreement must be approved at least annually by a majority of the Trustees of the Fund who are not interested persons (as defined in the 0000 Xxx) and have no financial interest in the operation of such plan or in any agreements related to such plan, cast in person at a meeting called for the purpose of voting on such approval.

  • Renewal, Extension or Rearrangement All provisions of this Agreement relating to Obligations shall apply with equal force and effect to each and all promissory notes executed hereafter which in whole or in part represent a renewal, extension for any period, increase, or rearrangement of any part of the Obligations originally represented by any part of such other Obligations.

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