Term of Agreement and Termination of Agreement. G-5.1 This Agreement shall be in force for the Term set out in paragraph B-1(e) of this Agreement, or until it is superseded or replaced by a subsequent Agreement.
Term of Agreement and Termination of Agreement. 25.1 The initial term of the Agreement shall expire twenty (20) years after the RTO-Date (hereinafter “Initial Term”).
25.2 Upon the expiration of the Initial Term, the term of the Agreement will automatically be extended for consecutive three-year periods (each such three-year period hereinafter “Extension Term”), unless either Party terminates the Agreement with three years prior written notice to the end of the Initial Term or any of the Extension Terms.
25.3 JSR may terminate the Agreement at will and without giving any reasons either
(i) with such termination taking effect six (6) years after the RTO-Date or thereafter, provided JSR has given three years prior written notice, or
(ii) with such termination taking effect three (3) years after the RTO-Date or thereafter, provided that JSR (1) has given three (3) months prior written notice to Dow, and (2) JSR pays immediately the aggregate FAP corresponding to the three (3) year period starting from the date of termination notice. For purposes of clarification, any termination according to this Article 25.3 does not affect JSR’s payment obligations under Article 3 of this Agreement.
25.4 DOW may terminate the Agreement with such termination taking effect six (6) years after the day of the RTO-Date or thereafter, provided all of the following conditions are fulfilled:
(1) DOW has decided to cease to conduct a business utilizing the New Train or a larger portion of its rubber business, and tried to sell the New Train or the larger portion of its rubber business according to Articles 19.1 or 19.2, as the case may be, but has not been able to find a purchaser,
(2) DOW has fully complied with its obligations under Article 19 of this Agreement;
(3) JSR does not wish to acquire the New Train for a fair market value, and
(4) DOW has given three years prior written notice to JSR. Should the Agreement be terminated in accordance with this Article 25.4, DOW shall immediately on the effective date of such termination cease to produce SSBR products in the New Train.
25.5 If the Parties fail to find a solution according to Article 18.3 within three (3) months after start of discussions and both Parties’ outside law firms unanimously conclude in another self-assessment, that other than termination of the Agreement there is no other equitable solution which comes close to the original intent of the Parties in a legally valid and effective manner, either Party may terminate the Agreement with six (6) months written notic...
Term of Agreement and Termination of Agreement. The term of this Agreement shall commence on the date of this Agreement (indicated above) and shall remain in effect until it is terminated by either party. Either party may, at any time, terminate this Agreement, with or without cause, upon not less than thirty (30) days prior written notice to the other. Any termination notice submitted by CFS to the District in accordance with this provision shall be mailed to the attention of the District's Superintendent.
Term of Agreement and Termination of Agreement. This Agreement shall terminate on the fifth anniversary of the date hereof, provided it may be extended for a further term by mutual agreement of the parties, in writing and further provided that the Agreement may be terminated during the Term or extended Term by either party by giving the other party ninety (90) days’ Notice in writing of its intentions to do so.
Term of Agreement and Termination of Agreement. 8.1 This agreement will come into effect after being signed and sealed by both parties, and the agreement will be valid until December 31, 2022. After the agreement expires, if there is no termination or objection between the two parties, the agreement will be automatically renewed for 1 year.
8.2 If the relevant provisions of this agreement cannot be implemented due to force majeure, natural disasters and other events, one party shall not be liable for any losses suffered by the other party. In the event of the above-mentioned force majeure event, the two parties can negotiate to decide whether to continue to perform this agreement. "Force majeure" refers to unforeseen, unavoidable and insurmountable objective circumstances, including but not limited to: (1) Natural phenomena or natural disasters, including earthquakes, volcanic eruptions, landslides, mudslides, avalanches, floods, tsunamis, typhoons, etc. Natural phenomena; (2) Social phenomena, social abnormal events or government actions, including new policies, laws and administrative regulations issued by the government, or social abnormal events such as wars, strikes, and riots; (3) Changes in national policies and regulations lead to project Unable to continue the implementation; (4) The certification authority is revoked by the national competent authority to carry out electronic certification services.
8.3 Due to changes in national government affairs and regulations, there are new implementation standards for the use of this agreement, and the two parties will sign a supplementary agreement.
8.4 If this agreement cannot be enforced due to changes in national policies and regulations, the national policies and regulations shall prevail, and the unenforceable clauses in this agreement that do not comply with the revised national policies and regulations shall be terminated at the same time.
8.5 This agreement is made in two (2) copies, and Party A and Party B each hold one (1) copy, which have the same legal effect. Matters not covered in this agreement shall be settled by both parties through negotiation or signing a supplementary agreement. If the negotiation fails, either party has the right to file a lawsuit with the competent court where Party B is located.
8.6 All terms of this contract shall be governed and interpreted by the laws of China (for the purpose of this contract, excluding the laws of Hong Kong, Macau, and Taiwan).
Term of Agreement and Termination of Agreement. (a) The term of this Agreement is five (5) years.
Term of Agreement and Termination of Agreement. 6.1 The term of this Agreement shall be from the date of execution and delivery by the Parties until such time as the Parties agree that there is no longer a need for the continuation of funding of the ONE Mortgage Loan Loss Reserve Fund or until all amounts held under this Agreement have been applied as provided in the Agreement. Notwithstanding the foregoing, and the cessation of the Lender’s participation in the Program, the terms of the Agreement pertaining to the recapture of loan loss reserve funds in the event of prepayment of Loans closed under the Program, set forth in Section 4.1E and as further detailed in the Guidelines, survive any termination of the Agreement and remain in full force and effect.
6.2 The Lender shall be in breach of this Agreement if MHP determines, in its reasonable discretion, that the Lender, or its agent(s), if applicable, has failed to comply with the Guidelines and/or Servicing Guidelines after written notice of such non-compliance is provided to the Lender’s Designated Representative and MHP has determined, in its sole discretion, that the Lender has failed to take satisfactory corrective action. In such case, MHP may send written notice of termination of this Agreement to the Lender and from and after the termination date set forth therein, all rights and obligations of the Parties hereunder shall cease, subject to the provisions of Section 6.1 above.
Term of Agreement and Termination of Agreement. This Agreement shall become effective as of the first above written date. Either party may terminate this Agreement upon 30 days written notice to the other party. Termination of this Agreement pursuant to this section shall be without payment of any penalty. Any termination of this Agreement shall not affect the status, obligations or liabilities of any party to the other party which either arose prior to termination or which by its nature or the terms thereof, survive termination provided that the Sub-Adviser continues to provide services as described in section 3 of the Agreement to the Asset.
Term of Agreement and Termination of Agreement. This POBMC Agreement shall have an initial term of one (1) year but may be extended from year to year, after annual review, with the written approval of the Company. The annual term shall commence upon the effective start date specified in the Company approval letter. Except as specified in Section 13 above, the Applicant or the Company may terminate the POBMC Plan upon thirty (30) days' written notice prior to the end of the agreement term. If the Applicant or the Company terminates the POBMC Plan, the Applicant shall not be party to a subsequent POBMC Plan or participate in Schedule E-OBMC for a period of at least twelve
Term of Agreement and Termination of Agreement
