Common use of TERM AND REVIEW Clause in Contracts

TERM AND REVIEW. This Agreement shall be effective on the date indicated above and shall remain in effect until and unless terminated in accordance with Section 5 of this Agreement. The Agreement shall be formally reviewed by the Parties three (3) years after the effective date and every three (3) years thereafter. The Agreement may be amended only in writing executed by both parties. Upon such execution by the Parties, said written documents shall act as amending items to this Agreement. Any such amendments shall effectively extend the terms and considerations of this Agreement as set forth herein. All other terms of this Agreement shall remain the same. Key Ditch Company and Town Staff involved in the implementation of this O&M Agreement shall annually, or upon the request of either party, meet to informally review this Agreement.

Appears in 4 contracts

Samples: Operations and Maintenance Agreement, Operations and Maintenance Agreement, Operations and Maintenance Agreement

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