TERM OF EFFECTIVENESS. The Agreement herein shall be valid and effective for a term of forty (40) years.
TERM OF EFFECTIVENESS. 9.1 This agreement will be effective for the term of sixty (60) months, counted as from the date of execution of this instrument, with an automatic renewal of additional sixty (60) months, if termination of the agreement is not communicated by CLIENT at least thirty (30) days before the end of the term of effectiveness of this instrument.
9.2 In view of the nature of the provided services, the parties shall begin the negotiations regarding the extension of this contracting one hundred eighty (180) days in advance, counted as from the date provided for its conclusion.
9.3 If no renewal occurs, in view of the purpose of this AGREEMENT, the Parties will only be exempted from the contractually assumed responsibilities upon transfer of CLIENT’s Equipment to another location. The concerned transfer shall occur within a maximum term of sixty (60) months counted as from the date of termination of this AGREEMENT, term within which it will be paid the sum for the service equivalent to the effectively occupied Space.
TERM OF EFFECTIVENESS. The terms of this Agreement are retroactive as from January 1st, 2021, and shall continue in full force and effect for an indefinite period.
TERM OF EFFECTIVENESS. This Agreement shall become effective on January 1st, 2020, and it shall remain effective for the duration of the obligations to indemnify set forth therein.
TERM OF EFFECTIVENESS. This Contract shall come into effect on the date as defined in Section 18.01 hereof, and the purchase of electricity shall start from the Tariff Commencement Date of the GT#1 and GT#2 Units until the termination of the Joint Venture Contract unless otherwise sooner terminated in accordance with this Contract.
TERM OF EFFECTIVENESS. This Agreement shall come into effect and shall remain in effect for the term of twenty (20) years, and the Parties shall not terminate it or fail to comply with it unilaterally. Said term shall be automatically extended for new and successive terms of ten (10) years, except upon written notice to the contrary by ITAÚSA or XXXXXXX SALLES FAMILY given as provided for in Section 8.11 and at least one (1) year in advance as of the end of each term of effectiveness.
TERM OF EFFECTIVENESS. This License Agreement shall be in force for three (3) years from the date of execution hereof, except if terminated as set forth Section 5 below.
TERM OF EFFECTIVENESS. The Parties agree that the present Agreement shall remain in effect until the first of the following events: (i) a period of fifteen (15) years counted as from the Closing Date; or (ii) the date one of the Parties ceases to hold any Bound Shares.
10.1.1. In the event the Bound Shares held by VDQ comes to represent less than ten percent (10%) of the Company’s total capital stock, this Agreement shall be terminated within fifteen (15) days counted as from the date a notice in this regard is sent by SALIC to VDQ.
10.1.2. In the event the Bound Shares held by SALIC comes to represent less than ten percent (10%) of the Company’s total capital stock, this Agreement shall be terminated within fifteen (15) days counted as from the date a notice in this regard is sent by VDQ to SALIC.
TERM OF EFFECTIVENESS. 10.1. This Agreement shall remain in effect as long as any Shareholder or successor thereof - severally or constituting a group, as provided under letter (g) of item 6.2 -holds any Shares. Except as provided under items 6.9.5.2 and 7.2, if SENDAS becomes the holder of the Class A Common Share, it shall lose all rights and shall be released from all obligations resulting from this Shareholders Agreement, except for those that are inherent to the Class A Common Share.
TERM OF EFFECTIVENESS. 11.1. The Agreement herein shall be valid and effective for a term of forty (40) years.
11.1.1 The term of this Agreement, as set forth in this Section, may be extended for successive periods of ten (10) years, by means of a decision of the Shareholders taken at least six (6) months before the end of each term of effectiveness.
