TERM OF THE FRAMEWORK AGREEMENT. This Framework Agreement becomes valid upon signature by both Parties and comes into force upon its publication in the Register of Contracts. This Framework Agreement is concluded for a fixed period of 4 (words: four) years starting from the date on which it comes into effect. This Framework Agreement shall terminate: upon expiration of the term, for which it was contracted; depletion of the financial limit of the Framework Agreement stipulated in article II, para 5 of the Framework Agreement; by written agreement between the Parties; by written notice to quit from one of the Parties; by withdrawal from the Framework Agreement under the conditions stipulated below in case of substantial breach of the Framework Agreement by the other Party; The Parties have agreed that substantial breach of the Framework Agreement shall particularly be: non-compliance with the technical specifications of the supplied Goods, recurrent, at minimum second, delay on the part of the Contractor in the delivery of the Goods according to the individual contract for a period exceeding 7 (seven) business days, use of the dandy roll with exclusive watermark in breach of the article VII, para. 1 of the Framework Agreement. In other cases and in the case of any doubt, the respective violation of the Framework Agreement will be considered as immaterial. The legal effects of the withdrawal from the Framework Agreement shall occur on the day of delivery of written notice to the other Party. Notice of withdrawal from Framework Agreement must be sent by registered post. Withdrawal from this Framework Agreement does not terminate the contractual relationship from the outset, both Parties shall retain the mutual performances obtained till withdrawal from the Framework Agreement. The Parties are entitled to terminate this Framework Agreement at any time without stating any reason. The termination notice period is 6 (words: six) months and starts running from the first day of the month after delivery of the written notice to quit to the other Party. The notice to quit must be sent by registered post. The Parties acknowledge that for the duration of the termination notice period, they are obliged to fulfil their obligations under this Framework Agreement. Demise of this Framework Agreement does not affect the provisions regarding the contractual penalties, compensation of losses, and provisions regarding such rights and duties whose nature requires that they prevail even after demise of this Fram...
TERM OF THE FRAMEWORK AGREEMENT. 1. This Framework Agreement comes into force on the day it is signed by both Parties and taking effect once it is published in the Register of Contracts.
2. This Framework Agreement is entered into for a definite period of time, namely:
a) for period of 1 year from the date of entrance into force of the Framework Agreement, or b) until the maximum financial limit EUR 79 000 will be exhausted, whichever is the earlier.
3. This Framework Agreement shall terminate
a) with the lapse of period stated in the Paragraph 2 of this Article;
b) by written agreement of the Parties;
c) by written notice of termination by either Party;
d) by withdrawal from this Framework Agreement in the cases given in this Framework Agreement or in the event of a substantial breach by either Party.
4. The Parties agree that they consider the following cases in particular to constitute a substantial breach hereof:
a) a failure to meet Technical specification of Goods pursuant to Article II Paragraph 1 and 2 hereof;
b) repeated, at minimum the second, delay of the Seller in the delivery of Goods according to partial contracts for a period exceeding 7 business days;
c) breach Seller’s obligation under Article II Paragraph 3, 4 or 5 hereof;
d) Xxxxxx's statements referred to Article VI paragraph 9 hereof prove to be false;
e) the Seller violates the obligation to notify the Buyer of the fact stated in the last sentence of the Article VI paragraph 9 hereof;
f) breach of Article VIII hereof which has not been remedied following a previous notice for correction, g) breach of obligation under Article IX Paragraph 1 hereof;
h) breach of obligation under Article IX Paragraph 2 to 6 hereof;
i) breach of obligation under Article IX Paragraph 7 point c) hereof;
j) breach of obligation under Article IX Paragraph 8 hereof;
k) breach of the Seller's obligations in Article IX Paragraph 10 or 11 or 12 of this Framework Agreement.
5. The partial contract shall terminate:
a) if such termination is agreed upon by both of the Parties hereto;
b) By withdrawal of the Buyer
i. in the case pursuant to Article VII Paragraph 5 letter (d) hereof; or
ii. in the case of a breach of the partial contract by the Seller in a substantial manner, whereas the Parties consider such a breach of the partial contract in a substantial manner to be in particular the case pursuant to Article XIII Paragraph 4 letters (a), (c), (d), (e), (f), (g), (h), (i), (j) and (k) hereof and the case where the Seller is in delay with the deli...
TERM OF THE FRAMEWORK AGREEMENT. This Framework Agreement shall be applicable for the FRCs that may be signed within the validity term set forth in Temporary Article 32 of the Banking Law no. 5411 following the approval of the Board.
TERM OF THE FRAMEWORK AGREEMENT. AMENDMENT AND TERMINATION OF THE FRAMEWORK AGREEMENT.
TERM OF THE FRAMEWORK AGREEMENT. 1. This Framework Agreement comes into force on the day it is signed by both Parties and taking effect on 22th February 2022. If the Framework Agreement will not be published in the Register of Contracts on 22th February 2022 at the latest, it shall take effect on the day of its publication in the Register of Contracts.
2. This Framework Agreement has been entered into for a definite period of time, namely for a period of 4 years from the date of its entry into force, or until the maximum financial limit agreed in Article II Paragraph 8 hereof has been exhausted, whichever is the earlier.
3. The duration of this Framework Agreement under Paragraph 2 of this Article may be prolonged by 1 year and the maximum financial limit agreed in Article II Paragraph 8 may be increased by EUR 2 500 000, i.e. for total time period of 5 years from the date of its entry into force, or until the maximum financial limit EUR 12 500 000 has been exhausted, whichever is the earlier. The Parties agreed that the duration of this Framework Agreement under the previous sentence will be prolonged if the Buyer notifies in writing form its intention to prolong this Framework Agreement in accordance with this Paragraph. The notification according to the previous sentence must be delivered to the Seller no later than 6 months before the original termination of this Framework Agreement.
4. The duration of this Framework Agreement under Paragraph 3 of this Article may be prolonged by 1 more year and the maximum financial limit under Paragraph 3 may be increased by further EUR 2 500 000, i.e. for total time period of 6 years from the date of its entry into force, or until the maximum financial limit EUR 15 000 000 has been exhausted, whichever is the earlier. The Parties agreed that the duration of this Framework Agreement under the previous sentence will be prolonged if the Buyer notifies in writing form its intention to prolong this Framework Agreement in accordance with this Paragraph. The notification according to the previous sentence must be delivered to the Seller no later than 6 months before the original termination of this Framework Agreement in accordance with the Paragraph 3 of this Article. In the event that the duration of this Framework Agreement is not prolonged in accordance with Paragraph 3 of this Article, this Paragraph 4 shall not apply.
5. Each extension as per the above paragraphs 3 and 4 shall be subject to the continued availability of materials and technologies as...
TERM OF THE FRAMEWORK AGREEMENT. The Framework Agreement will become effective on the date of the agreement for a term of three years. Prior to the expiration of the term of the Framework Agreement, the parties shall submit the Energy Supply Transactions under the Framework Agreement to the authorities of their respective holding companies, being the Company (in the case of CR Gas Chenzhou) and CR Sanjiu (in the case of CR Sanjiu Chenzhou) for consideration, and the parties shall procure the authorities of their respective holding companies to approve the extension of the term of the Framework Agreement, each extension shall not exceed 3 years or such other duration permitted under the applicable laws and regulations, and the relevant extensions of terms are subject to the applicable laws and regulation as well as obtaining the approval of the independent shareholders of the Company (where applicable). The same extension mechanism applies to each and every extended term of the Framework Agreement. If the parties fail to obtain the above approvals from their respective holding companies, the Framework Agreement shall automatically lapse on the expiry date of the Framework Agreement. In the event that the Framework Agreement is not extended in accordance with the terms of the Framework Agreement or that the Framework Agreement is terminated through no fault of CR Gas Chenzhou, subject to compliance with all relevant rules and regulations by CR Gas Chenzhou and the Company (including the applicable requirements under the Listing Rules), CR Gas Chenzhou shall transfer to CR Sanjiu Chenzhou the construction of the Energy Station constructed pursuant to the Framework Agreement in accordance with applicable rules governing the transfer of state-owned assets; in addition, subject to compliance with applicable approving procedures, CR Sanjiu Chenzhou shall compensate CR Gas Chenzhou based on the remainder of the term for energy supply as contemplated by the parties. the prices to be paid by CR Sanjiu Chenzhou in respect of its energy consumption under the Framework Agreement will be as follows:– Electricity: the price of the national electricity grid of Hunan Province of the PRC minus RMB0.02 per kwh Steam: RMB271.3 per tonne, which is calculated based on the price of steam produced by natural gas boilers per tonne and the price of steam produced by biomass boilers per tonne. The price of steam produced by natural gas boilers is in turn based on the price of natural gas announced by Chenzhou Munic...
TERM OF THE FRAMEWORK AGREEMENT. 1. This Framework Agreement comes into force on the day it is signed by both Parties and taking effect on 1st January 2024. If the Framework Agreement will not be published in the Register of Contracts on 1st January 2024 at the latest, it shall take effect on the day of its publication in the Register of Contracts.
2. This Framework Agreement has been entered into for a definite period of time, namely until
TERM OF THE FRAMEWORK AGREEMENT. 1. The present Framework Agreement comes into force on the day it is signed by both Parties and taking effect once it is published in the Register of Contracts.
2. This Framework Agreement has been entered into for a definite period of time, namely for a period of 2 years from the date of its entry into force, or until the maximum financial limit agreed in Article II Paragraph 4 hereof has been exhausted, whichever is the earlier.
3. This Framework Agreement shall terminate
a) with the lapse of the agreed term;
b) upon the exhaustion of the maximum financial limit stated in Article II Paragraph 4 hereof;
c) by written agreement of the Parties;
d) by written notice of termination by either Party;
e) by withdrawal from this Framework Agreement subject to the terms given below in the event of a substantial breach hereof by either Party.
4. The Parties agree that they consider the following cases in particular to constitute a substantial breach hereof:
a) a failure to meet technical specification of Goods pursuant to Article II Paragraph 1 hereof or pursuant to Annex No. 1 hereto;
b) repeated, at minimum the second, delay of the Seller in the delivery of Goods according to partial contracts for a period exceeding 7 business days;
c) breach of Article VIII hereof which has not been remedied following a previous notice for correction, d) breach of obligation under Article XIII Paragraph 1 hereof;
TERM OF THE FRAMEWORK AGREEMENT. 1. The present Contract comes into force on the day it is signed by both Parties and taking effect once it is published in the Register of Contracts.
2. This Contract has been entered into for a definite period of time, whereas this Contract shall terminate:
a) at the time of delivery of the agreed quantity of Goods according to Article II paragraph 2 of this Article
b) by written agreement of the Parties;
c) by withdrawal from this Contract subject to the terms given below in the event of a substantial breach hereof by either Party.
3. The Parties agree that they consider the following cases in particular to constitute a substantial breach hereof:
a) a failure to meet technical specification of Goods pursuant to Article II Paragraph 1 hereof or pursuant to Annex No. 1 hereto or do not comply with the relevant detailed drawing or the specified technical specification according to Annex 1 of this Contract;
b) delay of the Seller in the delivery of Goods according to the agreed Time Schedule according to Article III of paragraph 1 of this Contract (Annex No. 2) for a period exceeding 10 days;
c) if the quantity of defective Prelaminates in deliveries is repeatedly higher than that referred to in Article IV (5) of this Contract;
d) breach of Article VIII hereof which has not been remedied following a previous notice for correction, e) breach of obligation under Article XIII Paragraph 1 hereof;
TERM OF THE FRAMEWORK AGREEMENT. This Framework Agreement shall be applicable for the financial restructuring contracts to be signed within at most 2 years following the approval of the BRSA. The Board shall be authorized to extend such two-year period.
