Common use of Term Termination and Liquidation Clause in Contracts

Term Termination and Liquidation. The term of the JV Company (the “Term”) shall be thirty (30) years commencing from the issuance of the Business License. Subject to complying with Applicable Laws, upon the recommendation of the Board of Directors, the Parties may apply, at least six (6) months prior to the expiry of the Term, to the original examining and approving authorities of the JV Company for an extension of the Term.

Term Termination and Liquidation. The term of the JV Company (the “Term”) shall be thirty (30) years commencing from the issuance of the Business Licensebusiness license. Subject to complying with Applicable Laws, upon the recommendation of the Board of DirectorsBoard, the Parties may apply, at least six (6) months prior to the expiry of the Term, to the original examining examination and approving authorities of the JV Company approval authority for an extension of the Term.

Term Termination and Liquidation. The term of the JV Company (the “Term”) shall be commence from the issuance of the business license and end thirty (30) years commencing from after the issuance Commercial Operation Date of the Business LicensePlant. Subject to complying with Applicable Laws, upon the recommendation of the Board of DirectorsBoard, the Parties may apply, at least six (6) months prior to the expiry of the Term, to the original examining examination and approving authorities of the JV Company approval authority for an extension of the Term.

Term Termination and Liquidation. The term of the JV Company (the “Term”) shall be thirty (30) years commencing commence from the issuance of the Business Licensebusiness license and end fifty (50) years after the “Commercial Operation Date” as defined in the Tolling Contract. Subject to complying with Applicable Laws, upon the recommendation of the Board of DirectorsBoard, the Parties may apply, at least six (6) months prior to the expiry of the Term, to the original examining examination and approving authorities of the JV Company approval authority for an extension of the Term.

Term Termination and Liquidation. The term of the JV Company (the “Term”) shall be commence from the issuance of the business license and end thirty (30) years commencing from after the issuance Commercial Operation Date of the Business LicensePlant. Subject to complying with Applicable Laws, upon the recommendation of the Board of DirectorsBoard, the Parties may apply, at least six (6) months prior to the expiry of the Term, to the original examining and approving authorities of the JV Company Approval Authority for an extension of the Term.