Term Renewal and Termination. 14.1. This Agreement shall, with respect to the Portfolio, become effective as of the date first above written and shall remain in force for two years thereafter, and for successive annual periods thereafter but only so long as each such continuance is specifically approved at least annually by (1) a majority of the Directors of the Company who are not parties to this Agreement or interested persons of any such parties (other than as Directors of the Company), by vote cast in person at a meeting called for the purpose of voting on such approval; or
Term Renewal and Termination. 1.1 This Agreement shall be effective as of •, 2007 (the “Effective Date”) and shall remain in effect for twenty (20) years until •, 2027 (the “Initial Term”).
1.2 The parties may extend the Initial Term from time to time for such further period or periods as the parties may mutually agree in an amendment to this Agreement in writing executed by the parties.
1.3 This Agreement shall terminate automatically upon:
(i) the bankruptcy of either party or the making of an assignment for the benefit of creditors, or the appointment of a trustee or receiver and manager or liquidator for such party or for all or a substantial part of its property, or the commencement of bankruptcy, reorganization, arrangement, insolvency or similar proceedings by or against such party under the laws of any jurisdiction;
(ii) the default of a party in performing a material obligation hereunder, provided that: (a) the other party shall have first given written notice of such default to the party in default (a “Default Notice”), which Default Notice shall set out in reasonable detail the particulars of the default alleged, and (b) such default shall not have been remedied within 15 days of notice thereof by the party in default; or
(iii) the mutual consent of the parties.
Term Renewal and Termination. The term of this Agreement is one (1) year commencing on the Effective Date. This Agreement will automatically renew each year on the anniversary of the Effective Date, unless otherwise terminated pursuant to the terms hereunder. The Membership Fee for each successive renewal term shall be 5% greater than the preceding term. Either party may terminate this Agreement at any time by providing thirty days written notice to the other. The Agreement will terminate 30 days after the date written notice is delivered to PremierMED. In the event of a termination, the Membership Fee shall be pro-rated as of the termination date. The Member will pay the Membership Fee up to the termination date and if any portion of the Membership Fee has been paid in advance, any unused portion of the Membership Fee, if any, will be refunded to the Member within 30 days following the termination date.
Term Renewal and Termination. 1.1 This Agreement shall be effective as of April 1, 2007 (the “Effective Date”) and shall remain in effect until March 31, 2008 (the “Initial Term”).
1.2 Weyerhaeuser agrees to sell and Domtar agrees to buy Pine and Hardwood Roundwood under this Agreement for an additional term of Four (4) years (the “Second Term”), which shall commence upon expiration of the Initial Term. Weyerhaeuser and Domtar agree to notify the other party at least Twelve (12) months prior to the expiration of the Second Term if either party wishes to not renew this Agreement. The terms set forth under Section 2, Quantities, and Section 7.1, Price, Payment and Price Determination, will be reviewed and agreed to annually by both parties during the Second Term. For each successive year during the Second Term, quantities will be adjusted to reflect available Weyerhaeuser harvests and the price will be adjusted to reflect the then current fair market value. By June 30 of each calendar year during the Second Term, Weyerhaeuser will provide Domtar with a rolling estimate of the available quantities for the next three (3) years. Any dispute, issue, or controversy arising pursuant to this Section 1.2 shall be handled by the Dispute Resolution process outlined in Section 9.1 of this Agreement.
1.3 This Agreement shall terminate automatically upon:
(i) the bankruptcy of either party or the making of an assignment for the benefit of creditors, or the appointment of a trustee or receiver and manager or liquidator for such party or for all or a substantial part of its property, or the commencement of bankruptcy, reorganization, arrangement, insolvency or similar proceedings by or against such party under the laws of any jurisdiction;
(ii) the default of a party in performing a material obligation hereunder, provided that: (a) the other party shall have first given written notice of such default to the party in default (a “Default Notice”), which Default Notice shall set out in reasonable detail the particulars of the default alleged, and (b) such default shall not have been remedied within 15 days of receipt thereof by the party in default; or
(iii) the mutual consent of the parties.
Term Renewal and Termination. A. This Agreement shall have a term of five (5) years, effective on the date of the last signature. VDOT shall post and maintain an executed copy of this Agreement on its external website, available to the public.
B. This Agreement is renewable for additional five (5) year terms if VDOT requests renewal and FHWA determines that VDOT has satisfactorily carried out the provisions of this Agreement. In considering any renewal of this Agreement, FHWA will evaluate the effectiveness of the Agreement and its overall impact on the environmental review process.
X. Xxxxxx party may terminate this Agreement at any time by giving at least 30 days written notice to the other party.
D. Expiration or termination of this Agreement shall mean that VDOT is not able to make CE determinations on FHWA’s behalf.
Term Renewal and Termination. Term of the Subscription Licences Addendum. This Subscription Licences Addendum is effective upon acceptance of the terms of this Subscription Licences Addendum by Customer and shall remain in force for the duration of the Agreement.
Term Renewal and Termination. Unless terminated earlier, as provided in this Agreement, the initial term of this Agreement shall commence on the date of membership signature and run until the date identified in the “Expiration” field at the top of this document.
a. Either party may terminate this Agreement without cause upon thirty (30) days prior written notice. Either party may terminate this Agreement immediately in the event the other is in material breach of this Agreement. In the event notice is given terminating this Agreement by the Member, the due date of all outstanding OETC invoices shall be accelerated so that they become due and payable as of the date of notice of termination.
b. The decision by the Member to not pay the Annual membership Fee shall be construed by OETC as the Member’s notice to terminate this Agreement. The Member may rejoin OETC at any time during this agreement by paying the Annual membership Fee.
Term Renewal and Termination. A. This Agreement shall have a term of five (5) years, beginning on the date of the last signature. WSDOT shall maintain an executed copy of this Agreement and make it available to the public.
B. This Agreement is renewable for additional terms of five (5) years each if WSDOT requests renewal and the FHWA determines that WSDOT has satisfactorily carried out the provisions of this Agreement. In considering any renewal of this Agreement, the FHWA will evaluate the effectiveness of the Agreement and its overall impact on the environmental review process.
C. At least six (6) months prior to the end of each five year term, WSDOT and the FHWA shall meet to discuss the results under the Agreement and consider amendments to this Agreement. This meeting may be combined with a meeting to discuss performance under the monitoring provisions in Section VI of this Agreement.
D. With written concurrence from both parties the terms of this agreement may be continued an additional 6 months until such time as this Agreement is renewed or an amendment or new agreement can be developed.
X. Xxxxxx party may terminate this Agreement at any time by giving at least 30 days notice to the other party.
Term Renewal and Termination. (a) The term ("Term") of this letter agreement will commence on February 1, 2002 and, subject to earlier termination as provided herein, will continue until June 30, 2002.
(b) This Term may be extended or renewed upon the written agreement of the parties not less than 30 days prior to the end of the Term and if no arrangements have been made to formally terminate or extend the Term of this agreement by June 30, 2002 but the relationship of the parties continues, the Term will be deemed to be extended for additional sequential two month periods until terminated as provided in Section 4(c).
(c) This letter agreement will be terminated in the following manner and in the following circumstances:
(i) whenever the parties agree in writing to terminate this letter agreement;
(ii) if either party terminates this letter agreement by written notice upon a material breach of this letter agreement by the other party, which breach is not cured to the satisfaction of the other party, acting reasonably, within 10 days after written notice to the breaching party specifying the breach in reasonable detail; or
(iii) if either party issues a notice terminating this letter agreement without cause upon giving not less than 60 days' written notice to the other party.
(d) All rights and obligations arising prior to the effective date of termination and all provisions which by their terms state that they will survive termination will survive any termination of this letter agreement.
(e) Upon any termination of this letter agreement, you will have no claim against TII for damages, remuneration or otherwise, except in respect of payment of Fees which are accrued to the effective date of termination, pro-rated to the effective date of termination or such earlier date that you actually cease to perform Services, whichever is earlier.
Term Renewal and Termination. 12.1 Initial Term of Agreement
