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. 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. 1. This Framework Agreement comes into force on the day it is signed by both Contracting Parties and taking effect on the day of its publication in the Register of Contracts.
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. Prices for energy consumption For the three years beginning on the Commencement Date, and basis of pricing: 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 st...
TERM OF THE FRAMEWORK AGREEMENT. AMENDMENT AND TERMINATION OF THE FRAMEWORK AGREEMENT UNDER GENERAL TERMS AND CONFITIONS.
TERM OF THE FRAMEWORK AGREEMENT. The Framework Agreement commences on 1 September 2022 and remains in effect for a period of 2 years from the date of commencement. The Customer has an option to extend the Framework Agreement two times by 1 year on unchanged terms. The Customer’s option is exercised by written notice to the Supplier within 6 months prior to the expiry of the Framework Agreement. If the Customer does not extend the Framework Agreement, it will automatically terminate on expiry of the term of the Framework Agreement. The supply contracts under the Framework Agreement must be entered into during the term hereof, however, they may extend beyond the term of the Framework Agreement. In such case, the provisions of the Framework Agreement will continue to apply between the parties until all supply contracts have terminated.
TERM OF THE FRAMEWORK AGREEMENT. This framework agreement, which is valid from 1 April 1975, and the local agreements approved under this framework agreement may be terminated with the collective agree- ment by giving the notice stipulated therein.
TERM OF THE FRAMEWORK AGREEMENT. This framework agreement shall be applicable for all financial restructuring agreements to be signed within 3 years at most following the approval of the BRSA. IMPLEMENTATION REGARDING THE TIME LIMITS PRESCRIBED IN THE FRAMEWORK AGREEMENT Taking into account the difficulties that may arise in general or on a case by case basis during implementation in connection with the time-limits prescribed in Articles V, VII, VIII, XIII of this Agreement; The leader bank shall be authorised to extend the time limits upto twofold if deemed necessary and on the condition to notify the CS of the situation. The time limits may be extended up to three times in general at the request of CS and by the consent of the Board of Directors of BAT.
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.
TERM OF THE FRAMEWORK AGREEMENT. 1.1. The Framework Agreement shall start on the Start Date and continue for the Term of four years, unless terminated earlier in accordance with the terms of this Framework Agreement. In particular, the Council may terminate this Framework Agreement on the second and third anniversary of its Start Date.
