Term of the entrustment Sample Clauses

Term of the entrustment. The term of exercise of the entrusted voting rights under the agreement shall commence on the date on which the agreement becomes effective and the share transfer is completed (including that date) to the date (inclusive) on which Party A or Party A's affiliates (under this article, "affiliate" means the entities of which 50% of the total share capital (exclude this percentage) are held and controlled by Xx. Xxxx Xxxxxxx) no longer holds any Entrusted Shares, and the aforementioned period shall not be less than 12 months. Party A is entitled to transfer the Entrusted Shares upon receipt of Party B's written consent and Party B has the pre-emptive right. If both parties agreed to release or terminate the voting rights entrustment and enter into a termination agreement in writing, the voting rights entrustment under the agreement may be subject to early termination. If the agreement fails to take effect before 31 December 2019 or the share transfer is not completed, the no-default party is entitled to terminate the agreement unilaterally and is not liable for breach of contract.
Sample 1
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Related to Term of the entrustment

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  • TERM OF THE CONTRACT A. This Contract has an initial term of one (1) year and a bilateral option provision for three (3) additional terms. The total term of the Contract cannot exceed four (4) years. An extension may be offered beyond the original four-year term if Sourcewell deems such action to be in the best interests of Sourcewell and its Members. The Contractor may withdraw from the Contract on each anniversary of the award, provided that the Contractor gives 60 Days written notice of its intent to withdraw. Sourcewell may, for any reason, terminate this Contract at any time.

  • Term of the Agreement 2.1 The term of this Agreement shall be three years, beginning on the Effective Date and shall apply to the BellSouth territory in the state(s) of Alabama, Florida, Georgia, Kentucky, Louisiana, Mississippi, North Carolina, South Carolina and Tennessee. Notwithstanding any prior agreement of the Parties, the rates, terms and conditions of this Agreement shall not be applied retroactively prior to the Effective Date.

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  • Term of Contract The term of this Contract shall be one (1) year commencing on the last date of approval by DIR and Vendor. Prior to expiration of the original term, DIR and Vendor may extend the Contract, upon mutual agreement, for up to three (3) optional one-year terms. Additionally, the parties by mutual agreement may extend the term for up to ninety (90) additional calendar days.

  • Term of Coverage Except as otherwise specified in the contract, the insurance will commence on or prior to the effective date of the contract and will be maintained in force throughout the duration of the contract. Completed operations coverage may be required to be maintained on specific commercial general liability policies effective on the date of substantial completion or the termination of the contract, whichever is earlier. If a policy is written on a claims made form, the retroactive date must be shown and this date must be before the earlier of the date of the execution of the contract or the beginning of contract work, and the coverage must respond to all claims reported within three years following the period for which coverage is required unless stated otherwise in the contract.

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