Term and Price Sample Clauses

Term and Price. Subject as hereinafter provided, the Options may be -------------- exercised by the Director during the period December 30, 1996 to December 30, 2001 inclusive (the "Option Term"), at a price of $2.68 (U.S.) per share, or such other price as may be approved by the Vancouver Stock Exchange.
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Term and Price. 8 VII Payment . . . . . . . . . . . . . . . . . . . . . . . . . . .12
Term and Price. Subject as hereinafter provided, the Options may be -------------- exercised by the Employee during the period February 7, 1997 to February 7, 2,002 inclusive (the "Option Term"), at a price of $3.61 (U.S.) per share, or such other price as may be approved by the Vancouver Stock Exchange.
Term and Price. It is the Owner/Agents’ intention to award a contract covering an initial period of three (3) years, upon Owner acceptance of elevators from the Base Building General Contractor, subject to earlier termination as provided for in Section 5 of this Agreement (if applicable). This contract shall be automatically renewed for subsequent one (1) year terms after the expiration of the initial or subsequent term unless otherwise terminated pursuant to the provisions of Section 5 of this Agreement
Term and Price. The first-year price for Nexus' Services during the Term of this Service Schedule is NEXUS SOLUTIONS, LLC: CLIENT: PRICE AND PAYMENT TERMS SCHEDULE 1. The Client shall make payments to Nexus for Work performed, as well as payments for Services rendered pursuant to Schedule 3, the Technical Services Agreement, as follows: (a) Nexus understands that Client has a budget for this work of $25,610,931 (the “Project Budget”). Nexus based upon its experience and in its professional opinion believes and represents to the Client that the Project Budget is a reasonable price for the work contemplated in the Scope of Work. At all times, Xxxxx agrees to use its professional efforts and to act in the interest of the Client to help the Client keep the cost of the Work within the Project Budget.
Term and Price. 3.1 It is the Owner/Agents’ intention to award a contract covering an initial period of three (3) years, upon Owner acceptance of elevators from the Base Building General Contractor, subject to earlier termination as provided for in Section 5 of this Agreement (if applicable). This contract shall be automatically renewed for subsequent one (1) year terms after the expiration of the initial or subsequent term unless otherwise terminated pursuant to the provisions of Section 5 of this Agreement 3.2 The Owner/Agent shall pay the Contractor the sum of ______________________ ($) per month for work performed during each month on presentation of an approved invoice by the Contractor. 3.3 The anniversary date for this Agreement shall be January 1st regardless of the execution date of this Agreement. On January 1st, provided that a minimum of 12 months have passed since the execution of this Agreement, the total contract amount may be adjusted to reflect the changes in material and labor cost as follows: 3.4 Thirty percent (20%) of the current contract price will be increased or decreased based on the "Producer price index - Commodity code 10 - Metals and metal products" published by the U. S. Department of Labor, Bureau of Labor Statistics, for the month of of each contract year as compared with index for the same month of the previous year. 3.5 Seventy percent (80%) of the current contract price will be increased or decreased based on the straight time hourly labor cost for the month within which falls the anniversary of the commencement of the service as compared with such straight time hourly labor cost for the same month of the previous year. 3.6 As used in the provision, the phase "straight time hourly labor cost" means the sum of the straight time hourly labor rate and the average hourly cost of fringe benefits paid to elevator examiners in the city and state which the property is located. The words "fringe benefits" mean employee benefits granted in lieu of or in addition to hourly rate increases and include, but are not limited to pensions, vacations, paid holidays, group life, sickness, accident and hospitalization insurance. The straight hourly labor cost applicable to this Agreement is $ of which $ constitutes the cost of fringe benefits. 3.8 Price adjustments must be initiated in writing by the Contractor to the Owner/Agent at least 90 days prior to the beginning date of the affected price adjustment period and must be supported by conclusive evidence ...
Term and Price. The right to exercise this Warrant shall expire three (3) years after the date hereof or earlier pursuant to Section 4 hereof. The exercise price of this Warrant (the "Exercise Price") shall be $9.00 per share.
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Term and Price. 2.1 This Agreement shall be for a term of two (2) years from the date listed above. 2.2 Upon the expiration of the two (2) year term of this Agreement, the parties may mutually agree in writing that this Agreement shall be extended for a period of one (1) year, and shall be further renewable upon written mutual agreement every year thereafter. 2.3 Buyer agrees to pay to Manufacturer that amount per Product as specified on Exhibit "A" attached hereto. All prices and minimum order quantities are subject to change by Manufacturer at its sole discretion on thirty (30) days' written notice, and any change will apply to purchase orders received by Manufacturer after the effective date of the change. 2.4 Payment is due to Manufacturer within ten (10) days from the date of the shipment of the Products.
Term and Price 

Related to Term and Price

  • Term and Possession (a) Subject to and upon the terms and conditions set forth herein, the Term of this Lease shall be for the period specified in the Basic Lease Information. The Term shall commence on the earlier of (i) the date that the Premises is delivered to Tenant free and clear of any third-party occupancy and (ii) the date that Tenant first commences normal business operation from the Premises (the “Commencement Date”). In the event of the inability of Landlord to deliver possession of the Premises for any reason whatsoever, including, without limitation, the vacating of the Premises by the prior tenant of the Premises, neither Landlord nor its agents shall be liable for any damage caused thereby, nor shall this Lease thereby become void or voidable, however, in such event Tenant shall not be liable for any rent until the actual occurrence of the Commencement Date. Notwithstanding the foregoing to the contrary, if, for any reason, Landlord has not delivered possession of the Premises to Tenant as described in clause (i) above as of January 1, 2020, Tenant, as Tenant’s sole remedy, will have the right to terminate this Lease by written notice delivered to Landlord at any time prior to Landlord’s delivery of possession of the Premises to Tenant; provided, however, that such January 1, 2020 date shall be extended so long as Landlord is using its good faith and diligent efforts to deliver possession of the Premises to Tenant (by unlawful detainer or otherwise). Within thirty (30) days after the Commencement Date, Landlord and Tenant shall execute an amendment to this Lease (“First Amendment to Lease and Acknowledgment”) setting forth the Commencement Date and the expiration date of the term of the Lease, which shall be in the form attached hereto as Exhibit B. (b) Tenant shall have the one-time option to terminate and cancel the Lease effective on the last day of the eighty-fifth (85th) month after the Commencement Date (the “Termination Date”), which right is contingent upon Tenant paying to Landlord the “Termination Consideration” (as defined below) concurrent with Tenant’s delivery of the Termination Notice (as defined below). To exercise such termination option, Tenant must deliver to Landlord on or before January 1, 2025, irrevocable written notice of Tenant’s exercise of such option (the “Termination Notice”) and the amount of the Termination Consideration. As used herein, the “Termination Consideration” shall mean the amount equal to Two Million and No/100ths Dollars ($2,000,000.00). Failure by Tenant to timely pay the Termination Consideration shall terminate Tenant’s option to terminate this Lease. If Tenant properly and timely exercises the termination option in this Section 4(b), this Lease shall expire at midnight on the Termination Date and Tenant shall be required to surrender the Premises to Landlord on or prior to such Termination Date in accordance with the applicable provisions of this Lease. The option to terminate set forth in this Section 4(b) is personal to the original Tenant executing this Lease and may not be assigned, voluntarily or involuntarily, separate from or as part of this Lease. At Landlord’s option, all rights of Tenant under this Section 4(b) shall terminate and be of no force or effect if any of the following individual events occur or any combination thereof occur: (1) Tenant has been in default beyond any notice and cure period on more than one (1) occasion during any consecutive twelve (12) month period during the initial Term of the Lease, or is in default of any provision of this Lease on the date Landlord receives the Termination Notice; and/or (2) Tenant has assigned its rights and obligations under all or part of this Lease; and/or (3) Tenant has failed to exercise the early termination option set forth in this Section 4(b) in a timely manner and in strict accordance with the provisions of this Section 4(b).

  • Term and Survival a) Subject to earlier termination as provided below, this Service Agreement is for the total duration of the Company’s Offering (the “Initial Term”) unless either party requests termination at least 30 days prior to the end of the then-current term. b) Additionally, either party may terminate this Service Agreement in the event: i) The other party’s material breach that remains not cured and continues for a period of (A) in the case of a failure involving the payment of any undisputed amount due hereunder, 15 days and (B) in the case of any other failure, 30 days after the non performing party receives notice from the terminating party specifying such failure; ii) Any statement, representation or warranty of the other party is untrue or misleading in any material respect or omits material information; iii) The other party (A) voluntarily or involuntarily is subject to bankruptcy proceedings, (B) applies for or consents to the appointment of a receiver, trustee, custodian, sequestrator, or similar official, (C) makes a general assignment to creditors, (D) commences winding down or liquidation of its business affairs, (E) otherwise takes corporate action for the purpose of effecting any of the foregoing, or (F) ceases operating in the normal course of business; iv) If any change to, enactment of, or change in interpretation or enforcement of any law occurs that would have a material adverse effect upon a party’s ability to perform its obligations under this Service Agreement or a party’s costs/revenues with respect to the services under this Service Agreement; v) Upon direction to a party from any regulatory authority or National Automated Clearing House Association to cease or materially limit the exercise or performance of such party’s rights or obligations under this Service Agreement; vi) If there shall have occurred a material adverse change in the financial condition of the other party; or vii) Upon a force majeure event that materially prevents or impedes a party from performing its obligations hereunder for a period of more than 10 business days.

  • Initial Term The initial term will begin on the date set forth in the Contract documents or on the date the Contract is signed by all Parties, whichever is later.

  • Initial Term and Renewal This Agreement shall become effective upon its execution and, shall have an initial term of five (5) years. Following the expiration of the initial term, the Agreement shall automatically renew for successive one-year terms until such time that the Agreement is terminated by either Party upon giving the other Party six (6) months’ written notice of termination.

  • DURATION/TERM AND CANCELLATION 6.1 Notwithstanding the date of signature hereof, the Commencement Date if this Agreement is ………… and the duration shall be for a ………… […………] year period, expiring on …………, unless: a) this Agreement is terminated by either Party in accordance with the provisions incorporated herein or in any schedules or annexures appended hereto, or otherwise in accordance with law or equity; or b) this Agreement is extended at Transnet’s option for a further period to be agreed by the Parties. 6.2 Notwithstanding clause 22 [Breach and Termination], either Party may cancel this Agreement without cause by giving 30 [thirty] calendar days prior written notice thereof to the other Party, provided that in such instance, this Agreement will nevertheless be applicable in respect of all Purchase Orders which have been placed prior to the date of such cancellation.

  • 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.

  • Term and Expiration This Agreement shall be effective as of the Effective Date and unless terminated earlier pursuant to Section 9.2 or 9.3, this Agreement shall continue in effect until expiration of all royalty obligations hereunder. Upon expiration of all royalty obligations under this Agreement, such licenses to Merck pursuant to Sections 3.1(a), 3.1(b) and 3.2 as were in effect immediately prior to such expiration shall become fully paid-up, perpetual licenses. *** Confidential Treatment Requested

  • Term and Rent Lessor demises the above premises for a term of twenty years, commencing January 1, 1993, and terminating o December 31, 2012, or sooner as provided herein at the annual rent of Twenty Four Thousand Dollars ($24,000.00), payable in equal installments in advance on the first day of each month for that month's rental, during the term of this lease. All rental payments shall be made to Lessor, at the address specified above.

  • Term and Renewal This Agreement shall become effective as of the Effective Date and shall remain in effect for a period of three years from and after the Live Date (the “Initial Term”), and thereafter shall automatically renew for successive three year terms (each such period, a “Renewal Term”) unless terminated by any party giving written notice of non-renewal at least one hundred eighty days prior to the last day of the then current term to each other party hereto.

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

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