Term of Joint Venture Sample Clauses

Term of Joint Venture. The term of the Joint Venture shall commence on the 11th day of June 2012 and shall terminate in accordance with Section 14.

Term of Joint Venture. (a) The term of the Joint Venture (the “Term”) will commence at the Closing and will expire on the twenty-year anniversary of the Closing Date (the “Initial Term”), unless earlier terminated pursuant to the provisions of Sections 6.4, 6.5, 6.6 or 6.7 hereof. Either the P&G Partners or Clorox may deliver written notice to the other not less than five (5) years prior to the end of the Initial Term requesting that the Term be extended for an additional ten (10) years after the end of the Initial Term. If the Party receiving the notice agrees to such extension, the Term will terminate on the thirty-year anniversary of the Closing Date, unless earlier terminated pursuant to the provisions of Sections 6.4, 6.5, 6.6 or 6.7 hereof. If the Party receiving the notice does not agree to such extension, the Term will automatically terminate at the end of the Initial Term. The expiration of the Term will not relieve any Party from any liability it may have to any other Party arising out of or relating to acts or omissions prior to such expiration. (b) The provisions of Section 6.3, 7.2, 7.3, 7.4, 9.1(b) and 9.2, and Articles X and XI shall survive any termination or expiration, in whole or in part, of this Agreement. The termination or expiration of this Agreement will not relieve either Party of any liability it may have to the other Party arising out of or relating to acts or omissions occurring prior to expiration or termination.

Term of Joint Venture. Subject to the provisions of Article 13 hereof providing for the early dissolution and liquidation of the Joint Venture, the term of the Joint Venture shall commence as of the date hereof and terminate on the date twenty (20) years thereafter; provided, however, that the Joint Venture shall automatically be renewed for successive one (1) year terms unless a Venturer serves notice upon the other Venturers to terminate the Joint Venture at the expiration of the first term of twenty (20) years, or thereafter, at the expiration of any subsequent one (1) year renewal term, which notice must be given at least one hundred eighty (180) days prior to the expiration of the initial or a renewal term.

Term of Joint Venture. 4.1 The Joint Venture will continue indefinitely until terminated by mutual consent of all Companies.

Term of Joint Venture. The term of this Joint Venture shall commence on execution of this Agreement and continues until the Kesslers elect to end their active participation and only be entitled to receive their compensation for ongoing fees and revenues and expanded fees and revenues.

Term of Joint Venture. The term of the joint venture company is 10 years. Date of establishment of Joint Venture Company is also the business license signing date. If suggested by one party, and the meeting of board of directors adopts unanimously, it can apply to lengthen the time limit of joint venture to the relevant approval authorities (or its approval authority that trust) before the joint venture expires of six months.

Term of Joint Venture. This Joint Venture Agreement shall continue in effect; (i) for so long as the Joint Venture company shall remain a party to the Licensing and Marketing Agreement; or (ii) until terminated by agreement of the parties; provided, that in the event of the termination of this Agreement for any reason while the Licensing and Marketing Agreement remains in force with the Joint Venture Company, the parties shall cause the Joint Venture Company to assign the License and Marketing Agreement to TRB and TRB shall assume such agreement.

Term of Joint Venture. The term of the Joint Venture commenced upon the Effective Date, and shall continue until its dissolution in accordance with the provisions of Article 8.

Term of Joint Venture. 4.1 The Joint Venture will continue for a period of Ten (10) years beginning on November 18, 2016 to November 17, 2026.

Term of Joint Venture. 5.1 The term of the Joint Venture shall commence on 15 July 1998. 5.2 The Joint Venture shall continue for a minimum of ten (10) years and until the project is fully completed 5.2.1 all obligations and liabilities assumed by the Joint Venture pursuant to said project have been performed or discharged, and 5.2.2 all disputes, claims, causes of action, obligations, and liabilities to third parties and other similar matters arising out of or in connection with said Project have been resolved or discharged, and 5.2.3 the Joint Venture has received payment in full of all sums due it under said Project, and 5.2.4 the final accounting and settlement provided for below have been agreed to and completed.