Term of Contract and Termination. (1) This Contract shall enter into force with retroactive effect on Contract award. It documents the mutual rights and obligations on the delivery of gas by the Supplier on the basis of one or more successful tenders in the OGE call for tenders for fuel gas. This Contract shall end at the end of the delivery period without notice having to be given.
(2) Notwithstanding paragraph 1, this Contract may be terminated with immediate effect for reasonable cause. Without limitation, the infringement of a major obligation under this Contract by one of the Parties or a change by the Federal Network Agency to other requirements which are binding on OGE regarding the procurement of fuel gas shall constitute reasonable cause. This Contract may also be terminated with immediate effect in the event of repeated significant infringements of this Contract.
(3) Notice of termination shall not be valid unless made in writing.
Term of Contract and Termination. 10.1 This Frame Capacity Contract shall come into force upon signing by both Parties.
10.2 Any modification and/or amendment to this Frame Capacity Contract shall be notified by the TSO to the System User in due time and by written notice.
10.3 After the expiry of a period of four (4) weeks from the written notice, the modification and/or amendment shall become automatically effective together with the respective capacity products either already booked/assigned or booked/assigned afterwards.
10.4 In case of objection within the abovementioned period by the System User, the Frame Capacity Contract shall remain in force and effect with regard only to the capacity products already contracted and until the expiration of such contracted capacity products.
10.5 Further booking/assignment of capacity products executed by the System User after the 4-week-objection period, shall be automatically subject to the provisions of the modified and/or amended Frame Capacity Contract.
10.6 Both parties have the right to terminate this Frame Capacity Contract as set out in the GTC. In addition, the System User has the right to terminate this Frame Capacity Contract under the condition that no Contracted Capacity products or unpaid invoices are in place. Such termination by the System User shall be notified by the System User to the TSO in writing and with a lead time of at least ten-days (10) from receipt of the written notice by XXX. The termination fails to apply in case, during the lead time period, the System User acquires further capacity products in accordance with Article 2 of this Frame Capacity Contract or by way of an assignment as described in Article 9. In such event it is deemed that the System User revoked its notice of termination.
10.7 This Frame Capacity Contract is set up electronically and shall be signed by the contracting parties either (a) in two (2) original copies, with each of the contracting parties receiving one (1) original copy or (b) by means of a certified digital signature.
Term of Contract and Termination. 1. This Contract shall be effective as of . .20 at 06:00 hours until . .20 at 06:00 hours.
2. This Contract Agreement shall automatically terminate upon:
(i) the suspension or cessation of the Contracted RRM’s status as RRM;
(ii) the termination of the contract on the provision of fundamental data reporting service between MFGT and the Contracted RRM. MFGT shall inform the System User as soon as reasonably practicable in case of events set out in this Section VI.2.
3. Either party may terminate this Contract with ordinary termination at any time without justification by giving written notice to the other party. In the event of termination, the Contract shall cease at the end of the last gas day of the month following the communication of the termination.
4. Upon the termination of this Contract for any reason: • MFGT will stop providing the Reporting Services; In case of Contract termination, MFGT shall do its utmost so that the information transferred to and received from ACER are kept by the Contracted RRM a for a period of twelve months after termination in accordance with the RRM Requirements. This information will be accessible to the System User through MFGT during that period. After that period, System User may request MFGT to arrange the deletion of all data related to the System User from the Contracted RRM IT system. MFGT shall assume responsibility for the obligations of the RRM referred to in this section in the way and to the extent set forth in Section VIII.4.
5. Termination shall not affect the rights or obligations accrued at the time of termination. Any provision of this Contract which are binding the parties even after termination shall remain effective until such rights or obligations have been satisfied or released.
Term of Contract and Termination. The initial term of this Agreement will be one (1) year from the commencement of Customer participation, as defined above. This Agreement shall be renewed for up to two additional one-year terms subject to the right of either party to provide notice of termination 60-days prior to the expiration of the initial or any subsequent term. If the Customer fails to comply with the provisions of the Curtailment Amount under Rider 682, the Company and the Customer will discuss methods to comply during future events. If the Midwest ISO terminates the Customer’s participation, the Company shall immediately terminate the Customer’s participation. If there are system reliability issues created by the Customer’s failure to perform the Company reserves the right to suspend participation of the Customer under this Rider for 90 days or to terminate the Customer’s participation. The Customer has the right to ask the Commission to review any decision made by the Company.
Term of Contract and Termination. The initial term of this Agreement will be one (1) year from the commencement of Customer participation, as defined above. This Agreement shall be renewed for up to two additional one-year terms subject to the right of either Party to provide notice of termination 60-days prior to the expiration of the initial or any subsequent term. If the ARC fails to comply with the provisions of the Curtailment Amount under Rider 681, the Company and the ARC will discuss methods to comply during future events. If the Midwest ISO terminates the ARC’s participation, the Company shall immediately terminate the ARC's participation. If there are system reliability issues created by the ARC’s failure to perform the Company reserves the right to suspend participation of the ARC under this Rider for 90 days or to terminate the ARC’s participation. The ARC has the right to ask the Commission to review any decision made by the Company.
Term of Contract and Termination. Notice of six (6) months to terminate the contract of employment can be given by either party to take effect as of the end of a calendar month. The Employer has the right to release the Employee from work in the case of a termination, by either party, until the end of the notice period, continuing any contractual payments. The employment contract ends without the need for notice, no later than the end of the month in which the employee reaches the legal retirement age (currently age 65). It also ends with the day on which the worker receives an early retirement pension or a full pension for disability.
Term of Contract and Termination of the Contract under Section IV of this solicitation package. These termination provisions address termination for cause and for convenience by the non- federal entity and includes the manner by which it will be effected and the basis for settlement.
Term of Contract and Termination. 14.1 The access agreement shall be concluded for the time determined in the access agreement. The term shall begin the first time the User logs on after receiving acceptance of the offer by Xxxxxxx and acknowledgement of the present General Terms and Conditions by the User.
14.2 The period of notice and, if applicable, specific reasons for termination shall be set out in the access agreement.
14.3 In all other respects, each party has the right to terminate the access agreement for good cause without observing the period of notice. A good cause arises, in particular, if for Newtron
a) the User breaches material contractual obligations to a significant degree;
b) the User defaults on the fulfillment of his payment obligation under the contract for more than 6 weeks.
c) a material deterioration in the pecuniary circumstances of the User occurs or insolvency proceedings or settlement proceedings are opened for the assets of the User or the opening is rejected for insufficiency of assets.
14.4 Newtron retains the right to block the trading platform for a user only in whole or in part in the instances of § 14.3 a) and b) above in lieu of a termination of contract.
14.5 Each and every notice of termination must be made in writing. Notices of termination via fax or email shall also be made in writing.
Term of Contract and Termination. 5.1 The provision of the Services by the Contractor to the Company pursuant to the terms of this Agreement commences on April 23, 2018 and will continue until June 30, 2018, unless terminated earlier as provided in this section 5 of this Agreement (“Termination Date”).
5.2 This Agreement may be terminated by the Contractor upon one month prior written notice to the Company. Ÿ Commercial Confidential
5.3 This Agreement may be terminated by the Company upon one month prior written notice to the Contractor.
5.4 The Company may immediately terminate this Agreement, with no other obligations, upon default by the Contractor in the performance of any of its obligations under this Agreement.
5.5 In the event either party terminates this Agreement prior to the expiry of the term of this Agreement, upon receipt of all amounts provided for herein to the Contractor, the Contractor thereby releases and waives any and all claims, demands or debts which the Contractor has or any time hereafter can, shall or may have against the Company and its directors, officers or employees arising out of the provision of Services by the Contractor to the Company and the termination thereof.
Term of Contract and Termination. 8.1 This Agreement shall become effective as of the date AmCOMP commences operations, and shall remain in full force and effect for a period of five (5) years thereafter. Upon the date AmCOMP commences operations, the parties will execute an addendum to this Agreement, specifying the effective date of this Agreement. The Agreement shall continuously renew for additional five (5) year terms unless AmCOMP notifies MANAGEMENT COMPANY that it elects to terminate the Agreement for a cause described in Section 8.2 of this Agreement.
8.2 This Agreement may be terminated by AmCOMP under the following conditions:
(a) AmCOMP is dissolved or liquidated;
(b) The MANAGEMENT COMPANY is disqualified from acting as a MANAGEMENT COMPANY by the Department and MANAGEMENT COMPANY is thereafter unable to cure the deficiencies cited by such agency within a reasonable amount of time, not exceeding sixty (60) days in length;
(c) Failure of the MANAGEMENT COMPANY to manage and operate AMCOMP’s affairs in a reasonable and prudent manner; or
(d) MANAGEMENT COMPANY intentionally and materially violates a Policy concerning auditing, budgeting, investing or reinsurance.
