Contract Term and Termination. 14.1 The Contract becomes effective when the Holder / Authorized user receives the card and the PIN and is valid for a period of 60 months with the possibility of being automatically extended for new successive periods of 60 months. If neither party sends the other party a written notification at least 30 days before the expiry of the initial term or of any of the extended terms, specifying that it does not wish to extend the Contract.
Contract Term and Termination. 1. This Contract is concluded for a definite period of time, namely for the period of validity of the appointment of STC an issuer of unique identifiers.
2. During the period of validity of the appointment of STC an issuer of unique identifiers, the Contract may be terminated as follows:
a) By a written agreement of the Contracting Parties according to the provision of Section 1981 of the Civil Code, while the Contract termination shall take effect at the moment determined in the agreement; the agreement shall also include an arrangement on settlement of mutual obligations and liabilities;
b) By a written notice of withdrawal from the Contract under the terms and conditions determined in the provision of Section 2002 of the Civil Code in the event either Contracting Party breaches the Contract seriously;
c) By a written notice of termination of the Ordering Party with a notice period of 3 months if the Issuer announces a change in the terms and conditions specified in the Operating Rules or STC API Specification, within the meaning of Article I (8) hereof; and the Ordering Party does not agree with such a change;
d) By a written notice of termination of the Issuer with a notice period of 3 months if, during the negotiations of the Contracting Parties within the meaning of Article V (5) hereof or Article XII (6) hereof, the Contracting Parties reach no agreement concerning a change in the Price or in other terms and conditions hereof within 3 months following the start of such negotiations.
3. The Contracting Parties are entitled to withdraw from the Contract under the terms and conditions determined hereby. A withdrawal shall take effect on the date of delivery of the written notice of withdrawal to the other Contracting Party. All rights and obligations of the Contracting Parties under this Contract shall expire upon the withdrawal from this Contract except for those the nature of which clearly implies that they should continue. However, a withdrawal from the Contract shall not affect the entitlement to compensation for damage caused by a breach of the Contract and of the confidentiality obligation. The Contracting Parties shall keep the performance that they provided to each other before the effect date of the withdrawal from the Contract.
4. The Contracting Parties agree that the following shall be regarded as fundamental breach of Contract:
a) Repeated delay of the Issuer of more than 15 days in the handover of UIs more than three times;
b) Delay of th...
Contract Term and Termination. The term and termination of this Agreement shall be governed by the term and termination provisions of the Contract. A termination of the Contract automatically results in a cancellation of this Agreement. An isolated termination of this contract is excluded.
Contract Term and Termination. 10.1. This Contract is concluded for an indefinite term.
10.2. This Contract may be terminated by the agreement between the Bank and the Customer.
10.3. The Contract may be terminated upon the initiative of either the Bank or of the Customer or its legal successors who prove their capacity in a manner deemed satisfactory for the Bank, by complying with a 30-day notice if terminated by the Customer, but only after all the Customer’s debts towards the Bank have been paid and with a two months notice if terminated by the Bank.
10.4. In case of a joint account, the Contract may be terminated upon the initiative of one of the Holders. The obligation of notifying the other Holders regarding the closure of account(s) belongs to the Holder who requests the termination of the legal relations with the Bank or the closure of the joint account(s), and the liability of the Bank cannot be incurred in any situation caused by the closure of the account(s).
10.5. The Customer cannot terminate the Contract if unavailability measures are imposed according to the law, unless he submits to the Bank the express and unequivocal consent to close the account, issued by the authority that ordered the measure of unavailability.
10.6. In addition to any other cases provided in this Contract and/or in the special contracts regarding banking products and services, the Bank is entitled to order the termination of this contract and to close any Customer account, without notice and without fulfilling any formalities, in any of the following situations: a) the account has not been used for a period of 6 months; b) the available funds from the account in the last 3 months are not enough for covering the banking costs necessary to be maintained in the records of the Bank;
Contract Term and Termination. This Agreement shall be effective from date of execution (as noted on page 1 of this Agreement) and shall end at the end of the fiscal year on June 30, 20 . This Agreement may be renewed for up to three additional one-year terms upon written approval from both City and Contractor prior to the expiration of any one-year term. This Agreement may be terminated by either party, at any time with or without cause, upon a minimum of thirty (30) days’ advanced written notice to the other party. Except as otherwise allowed or provided under this Agreement, City’s sole liability upon such termination shall be to pay for acceptable work performed prior to Contractor’s receipt of the notice of termination, if City is the terminating party, or Contractor’s sending of the notice of termination, if Contractor is the terminating party; provided, however, that a notice of termination shall not nullify or otherwise affect either party’s liability for pre-termination defaults under, or breaches of, this Agreement. Contractor shall submit an invoice for such work within thirty (30) days of receiving or sending the notice of termination. Furthermore, City reserves the right to immediately cancel this Agreement if Contractor violates any provision specifically outlined in Paragraph 10 of this Agreement.
Contract Term and Termination. 1.1 Initial Term
Contract Term and Termination. 10.1. This Contract is concluded for an indefinite term.
10.2. This Contract may be terminated by the agreement between the Bank and the Customer.
10.3. The Contract may be terminated upon the initiative of either the Bank or of the Customer or its legal successors who prove their capacity in a manner deemed satisfactory for the Bank, by complying with a 30-day notice if terminated by the Customer and with a two months notice if terminated by the Bank.
10.4. In case of a joint account, the Contract may be terminated upon the initiative of one of the Holders. The obligation of notifying the other Holders regarding the closure of account(s) belongs to the Holder who requests the termination of the legal relations with the Bank or the closure of the joint account(s), and the liability of the Bank cannot be incurred in any situation caused by the closure of the account(s).
10.5. The Customer cannot terminate the Contract if unavailability measures are imposed according to the law.
10.6. In addition to any other cases provided in this Contract and/or in the special contracts regarding banking products and services, the Bank is entitled to order the termination of this contract and to close any Customer account, without notice and without fulfilling any formalities, in any of the following situations: a) the account has not been used for a period of 6 months; b) the available funds from the account in the last 3 months are not enough for covering the banking costs necessary to be maintained in the records of the Bank; c) the Customer delays the payment of any amounts due to the Bank; d) occurrence of at least two payment incidents; e) defective Bank- Customer relationship; f) delays and/or refusal to submit modifications on the legal documents related to the current account (including for applying the FATCA/CRS requirements); g) failure to submit the support documents corresponding to the ordered transactions; h) the Bank receives negative information about the Customer's reputation; i) the Customer shows disrespect in its attitude toward the Bank or its employees;
Contract Term and Termination. 9.1. Unless terminated earlier in accordance with the Contract, the Contract shall commence upon the date of the Purchase Order and shall terminate upon the date that the Deliverables are delivered in accordance with the Contract.
9.2. Without prejudice to any other rights the Parties may have, either Party shall be at liberty to terminate the Contract forthwith in the event:
9.2.1. Of material breach or non-observance of the terms and conditions of the Contract;
9.2.2. That the other Party has a receiver appointed of any of its assets or property or has a petition presented for a bankruptcy, administration or winding up order or a proposal is made for a composition or arrangement with its creditors.
9.3. AMICUS reserves the right to terminate this Contract at any time prior to the delivery of all the Deliverables required to be delivered under the Contract by giving notice in writing. In the event of such early termination:
9.3.1. In the case of Services to be delivered under the Contract, AMICUS shall pay for all services delivered up to the date of termination at a reasonable rate for labour, such rates to be agreed with the Supplier; and
9.3.2. In the case of Goods that are in process of manufacture in accordance with the AMICUS’ delivery requirements, AMICUS may agree with the Supplier that the Goods are completed, delivered and paid for or, alternatively, AMICUS may pay reasonable compensation in respect of the cost of materials and labour involved in the production of such goods up to the time of the termination. No other damages or compensation shall be payable to the Supplier with respect to such early termination.
9.4. Termination of the Contract for whatever reason, shall be without prejudice to the rights, duties and liabilities of either Party accrued prior to termination. The clauses in the Contract that expressly or impliedly have effect after termination shall continue to be enforceable notwithstanding termination.
Contract Term and Termination. The term of this Agreement shall be one year from the date hereof. Thereafter, it shall automatically renew for successive one (1) year periods, unless terminated upon thirty (30) days prior written notice, with or without cause, by either a Participating BROKER or CARRIER at any time. In the event of termination of this Agreement for any reason, the Participating BROKERS, as applicable, and CARRIER shall be obligated to complete performance of any work in progress in accordance with the terms of this Agreement.
i. A Participating BROKER may terminate this Agreement immediately in any of the following events:
a. CARRIER loses its operating authority or otherwise becomes disqualified to perform its obligations under this Agreement;
b. CARRIER breaches any covenant, obligation, condition, or requirement imposed upon it by this Agreement, and such breach continues for a period of ten (10) days after written notice thereof from BROKER to CARRIER;
Contract Term and Termination. 3.1 This Agreement shall become effective upon its execution by both parties and, except as otherwise provided in this Agreement, shall continue in full force and effect thereafter for twelve months after the date hereof. If notice has not been given to terminate this Agreement as provided in paragraph 3.2, the term shall automatically be extended for another twelve months.
3.2 This Agreement may be terminated by either party upon thirty days notice to the other party. In the event of termination, CANTV shall be liable for all compensation and expenses owed to Vendor for services provided prior to the date of termination, but not thereafter.
