Term of validity of the Contract Sample Clauses

Term of validity of the Contract. 11. Срок действия Договора
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Term of validity of the Contract. The contract has been entered into for a definite period, and it is valid from “____”_____________ until “____”_____________. The contract shall come into effect on the day of its conclusion and end upon the termination of its term of expiry, the withdrawal from the contract, or its termination on other grounds specified in law or in the contract. If a contract with a specific term of expiry has been entered into between the parties, the second party should notify another party at least three months in advance before the arrival of the termination of its term of expiry if it wants to prolong the contract, specifying the new term of validity of the contract, and if both parties wish to prolong the contract, they shall prepare a separate agreement about it in writing. Otherwise the contract shall be regarded as having been terminated upon the arrival of the end of its term of validity. The lessee does not have the right of pre-emption in terms of the new rental period. Dispute resolution procedure and jurisdiction Disputes and disagreements arising from the present contract shall be resolved by means of negotiations between the parties. If the parties fail to resolve the disputes and disagreements arising from the present contract by means of negotiations, a relevant dispute shall be resolved in Xxxxx County Court of the Republic of Estonia. Disputes shall be resolved on the basis of the Estonian legislation. Final provisions Earlier expressions of will and agreements of the parties that have not been listed in the contract shall not be regarded as the terms and conditions of the contract. All of the amendments introduced in the contract shall be valid provided that they have been executed in writing as an annex to the contract, which is an inseparable part of the contract, and the parties have signed them. The contract has been drawn up on two pages that have equal legal effect and signed by both parties on every page of the contract. One of the copies of the contract shall be handed over to the lessor, and the other one to the lessee. Details of the parties Each of the parties undertakes to inform another party of the contract immediately (not later than within 10 days) about any kind of changes made in the details of the parties listed below. Lessor Lessee Registry code: Registry code: Legal address: Legal address: E-mail: E-mail: Phone: Phone: Contact person: Contact person: Bank account number and bank details: Bank account number and bank details: Less...
Sample 1
Term of validity of the Contract. 5.1. This Contract enters into force from the moment of signing it and is valid until the delisting of the Issuer’s securities and/or suspension of trading stated in provision 1.1 of this Contract in accordance with the procedure defined in the Exchange Rules on Securities Listing and Admission to Trading.
Sample 1

Related to Term of validity of the Contract

  • Validity of the Contract This Agreement has been duly entered into and delivered by the Parties as of the Effective Date, constitutes a legal, valid and binding obligation of the Parties, fully enforceable in accordance with its terms, except to the extent that the enforceability of this Agreement may be limited by any applicable bankruptcy, moratorium, reorganization or other similar laws affecting creditor’s rights generally, or by the exercise of judicial discretion in accordance with general principles of equity.

  • Period of Validity of Tenders 17.1 Tenders shall remain valid for the Tender Validity period specified in the TDS. The Tender Validity period starts from the date fixed for the Tender submission deadline (as prescribed by the Procuring Entity in accordance with ITT 21.1). A Tender valid for a shorter period shall be rejected by the Procuring Entity as non-responsive.

  • Period of Validity of Bids a) Bids submitted by the bidders shall remain valid during the period specified in the NIB/ bidding document. A Bid valid for a shorter period shall be rejected by the procuring entity as non-responsive Bid.

  • 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.

  • Validity of Agreement The Company shall be precluded from asserting in any Proceeding, including, without limitation, an action under Section 12 (a) above, that the provisions of this Agreement are not valid, binding and enforceable or that there is insufficient consideration for this Agreement and shall stipulate in court that the Company is bound by all the provisions of this Agreement.

  • of the Contract (7) No action can be instituted on this bond after one year from the date of Final Completion as determined pursuant to Article 6.2.2. SIGNED AND SEALED THIS DAY OF , 20 . ATTEST: (NAME OF Contractor) By Secretary(*) President (SURETY) (*)(*) (TITLE) (*) Please apply seal of Corporation over Secretary’s Signature. (*)(*)Please apply seal of Surety and arrange for countersignature by a “Georgia Licensed Agent” of Surety pursuant to O.C.G.A. §33-23-5. Kindly show title of the aforesaid agent as “Georgia Licensed Agent.” (*) Attach Power of Attorney GEORGIA SECURITY AND IMMIGRATION COMPLIANCE ACT AFFIDAVIT(S)

  • VALIDITY OF CONTRACT The contract, if awarded shall be valid for an initial period of 1 (one) year from the date of commencement of work subject to the renewal for two years of one block each after expiry of initial period of three years subject to satisfactory performance. In case of breach of contract or in the event of not fulfilling the minimum requirements/statuary requirement/satisfactory services etc., the SBI shall have the right to terminate the contract forth with at any time in addition to forfeiting the performance security amount deposited by the contractor and initiating necessary action as deemed fit including de-paneling your firm etc. solely at the discretion of the SBI.

  • Assignment of the Contract ‌ The Contractor shall not sell, transfer, assign, or otherwise dispose of the Contract or any portion thereof or of any right, title, or interest therein without prior written consent of the Division. Any such purported assignment or transfer shall be void. If approved, any assignee shall be subject to all terms and conditions of this Contract and other supplemental contractual documents. No approval by the Division of any assignment may be deemed to obligate the Division beyond the provisions of this Contract. This provision includes reassignment of the Contract due to change in ownership of the Contractor. The Division shall at all times be entitled to assign or transfer its rights, duties, and/or obligations under this Contract to another governmental agency in the State of Mississippi upon giving prior written notice to the Contractor.

  • Execution of the Contract 30.1 This Contract and any amendments thereto may be executed in any number of counterparts with the same effect as if all parties hereto had signed the same document. All counterparts will be construed together and will constitute one and the same original agreement.

  • MODIFICATION OF THE CONTRACT 1. Any modification of this contract or its annexes, including additions or deletions, shall require a supplementary written agreement concluded on the same terms as the contract. No oral agreement may bind the parties for that purpose.

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