Term Termination and Withdrawal. A. This Agreement shall become effective as of the Effective Date and shall continue in full force until terminated. The Agreement may be terminated by a majority of the Parties after ninety-day advance written notice thereof to the other Parties. The Agreement may be terminated immediately by a written supplemental mutual agreement of all Parties.
Term Termination and Withdrawal. 62. The effective date of this Partnership Agreement will be the date on which the last of the Parties to this Partnership Agreement signs it (“Effective Date”). The term of this Partnership Agreement will commence when signed by each of the Parties and will expire after 30 years (the “Term”).
Term Termination and Withdrawal. This Agreement and the exploration and mineral rights granted hereunder will be effective for fifteen (15) years from the date of signing, and for so long thereafter as the venture is conducting exploration, development or production activities on any specific property. The venture's rights under this agreement may not terminate at the end of fifteen (15) years for any area of land in which the venture is conducting active exploration, development or production activities. Properties on which the venture is conducting exploration activities after fifteen (15) years must be put into development for the purpose of production within two (2) years after cessation of exploration activities, or the agreement will terminate as to any such exploration property.
Term Termination and Withdrawal. 9.1 Subject to the provisions of clause 9.2 to 9.4 (inclusive),this Agreement shall commence on the Commencement Date and shall continue in full force and effect until terminated in accordance with this Agreement.
Term Termination and Withdrawal. This Agreement shall continue until terminated by all of the parties in writing. Any party may withdraw from this Agreement, and the interest of the remaining Townships established in Paragraph 14A shall be amended by the remaining parties to reflect change in percentages of ownership to reflect the withdrawal of the party. All other terms and conditions of this Agreement shall remain in full force and effect for the remaining parties. Withdrawal may be accomplished by delivering written notice thereof to the other parties six months in advance of the effective date. Upon termination or withdrawal the parties shall account to one another for their respective investments in the capital assets held by the Board in connection with the performance of its duties. The capital assets of the Board shall be valued as of the date of notice of withdrawal or date of termination. In the event the Board, or Grand Traverse County, has caused an appraisal to be made of its assets in the regular course of its business which appraisal was made within fifteen months of said date of withdrawal or termination, the value set forth in said appraisal as to the Board's capital assets shall be conclusive for purposes of this Agreement. In the case of capital assets acquired since the date of appraisal, the value of the capital assets shall be cost. Any item reflected in said appraisal which was disposed of subsequently shall not be included in the value. As to capital assets not valued, or as to which no qualifying appraisal is available, the parties may agree on an appropriate value. If the parties cannot reach agreement on a value, the parties agree to designate an appraiser to value the Board's capital assets. In the event of a withdrawal of a party, the cost of said appraisal shall be borne by the withdrawing party. In the event of termination, the cost of the appraisal shall be borne by the Townships in the same proportion as their interests in the capital assets. In the event the Townships are unable to agree upon the use of a single appraiser for valuation upon notice of withdrawal or termination, each Township may designate its own (or may join with one or more other Townships in designating its own) and the mean value of all new appraisals performed shall be deemed the value of the capital assets, in which case each Township shall bear its own appraisal cost. The terminating Township's interest in the capital assets held by the Board shall be the interest established in pa...
Term Termination and Withdrawal. 11.1 Subject to section 9.1, the term of this Agreement expires on March 31, 2027.
Term Termination and Withdrawal. 9.1 This MoU shall commence on the date of signature by all the parties and shall expire on [ ] or on completion of the Town Deal whichever is earlier.
Term Termination and Withdrawal. 5.1 This IIA will commence on May 1, 2019 (the “Effective Date”) and terminate on the date that is the later of: (i) April 30, 2024; and (ii) the last End of Study Date for the last Study in CTO SRERS.
Term Termination and Withdrawal. 7.1 The initial term of this Agreement shall be as defined in Schedule 1, and subject to any extension pursuant to Clause 3 or earlier termination pursuant to Clause 7.4, shall continue until and shall automatically terminate on the date of completion of the HF Alkylation Project in accordance with the HF Alkylation Project Proposal.
Term Termination and Withdrawal
