Validity of this MoU Sample Clauses

Validity of this MoU. This MoU shall be valid for 5 (five) years from the date of its signature by all Parties. This MoU can be extended at any time by mutual consent and a renewal of the signature by all Parties, upon when the validity of 5 (five) years shall be reset, unless indicated otherwise. The validity of this MoU will shall be terminated in case of the signature and coming to power of the Consortium Agreement stipulated in Article 4. The termination of this MoU can also be initiated by the request of any of the Parties, subject to the agreement of the remaining Parties, whereupon the validity of this MoU shall be terminated no earlier than 1 (one) calendar month after such agreement is made.
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Validity of this MoU. This MOU shall be valid for a period of 3 years initially from the date of signing, after which it can be renewed by mutual agreement between the parties. Either party during its currency can also terminate this MOU by giving a notice of one month on the other. On termination, each party shall return to the other party all such documents and reference material as may have been borrowed for the purpose of fulfilling the work under this MOU. This MOU shall also stand terminated if a court of competent jurisdiction declares either of the parties as insolvent. Any termination as per this clause shall not affect the antecedent liabilities of the parties prior to the termination including completion of all assignments that have been agreed prior to such termination.
Sample 1
Validity of this MoU. This MOU under the KPIT PACE initiative of KPIT, shall be valid for a period of 24 months from the date of signing by the Institute & KPIT. This MOU shall be renewed for a further term with mutual consent. Either party may terminate this MOU by giving 30 days prior written notice to the other. Despite termination, the parties shall abide by usual professional ethics and normal code of conduct to maintain the confidentiality of the information and intellectual property rights.
Sample 1
Validity of this MoU. 5.1 The MoU may be renewed on completion of one year and on the terms mutually agreed to between the Parties. Being failed on which will stand suspended until resolved. 5.2 The Parties shall enter into firm binding agreements on the areas which are not covered under this MoU. Upon the execution of such agreements, this MoU may be terminated. Both parties shall have right to terminate this MoU if any of the party does not comply with its obligations under this MoU by issuing 30 days prior notice.
Sample 1
Validity of this MoU. This MoU shall be valid for 5 (five) years from the date of its signature by all Parties. This MoU can be extended at any time by mutual consent and a renewal of the signature by all Parties, upon when the validity of 5 (five) years shall be reset, unless other duration of the validity is stipulated at the time of the renewal of the signatures. Alternatively, the validity of this MoU shall be terminated upon the signature of a superseding MoU, where such termination shall be explicitly stated, or at the moment of the enactment and coming to power of the Consortium Agreement stipulated in Article 4. Finally, the termination of this MoU can be initiated by any of the Parties, subject to the agreement of the remaining Parties, whereupon the validity of this MoU shall be terminated no earlier than 1 month after such agreement is made.
Sample 1

Related to Validity of this MoU

  • Validity of this Agreement It shall not (i) permit the validity or effectiveness of this Agreement or any grant of Collateral hereunder to be impaired, or permit the Lien of this Agreement to be amended, hypothecated, subordinated, terminated or discharged, or permit any Person to be released from any covenant or obligation with respect to this Agreement and (ii) except as permitted by this Agreement, take any action that would permit the Lien of this Agreement not to constitute a valid first-priority perfected security interest (subject to Permitted Liens) in the Collateral.

  • Authorization and Validity of this Agreement This Agreement and each of the Transactional Agreements constitute the legal, valid and binding obligation of each person or entity who is a party thereto (other than SKYC), enforceable against each such person or entity in accordance with its terms, except as such enforcement is limited by general equitable principles, or by bankruptcy, insolvency and other similar laws affecting the enforcement of creditors rights generally. Each of the Shareholders and FDH has all requisite legal capacity to execute and deliver this Agreement and the Transactional Agreements to which he or she is a party, and to perform its, his or her obligations hereunder and thereunder. The execution and delivery by FDH and each Shareholder of this Agreement and the Transaction Agreements (to the extent either is a party thereto), and the consummation of the transactions contemplated herein and therein (the “Transactions”) have been authorized by all necessary corporate or other action on the part of FDH and each of the Shareholders. This Agreement and the Transaction Agreements have been duly executed and delivered by the parties thereto (other than SKYC).

  • 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.

  • Applicability of this Agreement The provisions of this Agreement shall apply to future investments made by investors of one Contracting Party in the territory of the other Contracting Party, and also to the investments existing in accordance with the laws of the Contracting Parties on the date this Agreement came into force. However, the provisions of this Agreement shall not apply to claims arising out of events which occurred, or to claims which had been settled, prior to its entry into force.

  • Validity, etc The Agreement constitutes the legal, valid and binding obligation of the Collateral Custodian, enforceable against the Collateral Custodian in accordance with its terms, except as such enforceability may be limited by applicable Insolvency Laws and general principles of equity (whether considered in a suit at law or in equity).

  • Severability of this Agreement If any provision of this Agreement shall be judicially determined to be invalid, illegal or unenforceable, the validity, legality and enforceability of the remaining provisions shall not in any way be affected or impaired thereby.

  • Validity of Tenders 2.14.1 Tenderers shall remain valid for 120 days or as specified in the tender documents after date of tender opening prescribed by the Procuring entity, pursuant to paragraph 2.20. A tender valid for a shorter period shall be rejected by the Procuring entity as non-responsive. 2.14.2 In exceptional circumstances, the Procuring entity may solicit the Tenderer’s consent to an extension of the period of validity. The request and the responses thereto shall be made in writing. The tender security provided under paragraph

  • Validity of Documents The Mortgage Note and the Mortgage related to such Mortgage Loan are genuine and each is the legal, valid and binding obligation of the maker thereof, enforceable in accordance with its terms, except as such enforcement may be limited by bankruptcy, insolvency, reorganization or other similar laws affecting the enforcement of creditors' rights generally and general equitable principles (regardless whether such enforcement is considered in a proceeding in equity or at law);

  • Validity of the Agreement This Agreement constitutes the legal, valid and binding agreement of Seller enforceable against Seller in accordance with its terms.

  • of this Agreement If the State elects to accept the defective or nonconforming Work, a Change Order will be issued to reflect a reduction in the Contract Sum. The Architect will recommend to the State the value of diminishment of the defective or nonconforming Work. Such adjustment shall be effected whether or not final payment has been made.

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