Initial Agreement Period definition
Examples of Initial Agreement Period in a sentence
Agreement Period the Initial Agreement Period plus any Option Period exer- cised in accordance with clause 3.2. Business Day in relation to the doing of any action in a place, any day other than a Saturday, Sunday or public holiday in that place.
Subject to clause 3.2, this Agreement begins on the Commencement Date and continues until the End Date unless terminated earlier in accordance with this Agreement (Initial Agreement Period).
Initial Agreement Period the period of time for which this Agreement is intended to continue, as specified in clause 3.1.
Agreement Period the Initial Agreement Period plus any Option Period exercised in accordance with clause 3.2. Business Day in relation to the doing of any action in a place, any day other than a Saturday, Sunday or public holiday in that place.
The Initial Agreement Period, together with any extensions thereof, if any, by the Reinsurer as provided in this ARTICLE II, shall be referred to hereafter as the “Agreement Period”.
Subject to the provisions of this Clause the Agreement shall commence on the Commencement Date and shall remain in effect for the Initial Agreement Period after the Commencement Date.
The Initial Agreement Period shall be subject to the following unilateral right of the Reinsurer to extend it: the Reinsurer has the right, but not the obligation, to choose, by providing the Reinsured with prior 1 Note to Draft: This is to pick up any extension period of the Agreement Period by the Reinsurer.
Initial Agreement Period The minimum period the Agreement has been concluded for, as set forth in the Services Form.
A Member or the Pool may terminate this Agreement, after the Initial Agreement Period, by written notice of termination provided at least ninety (90) days’ prior to the then current Anniversary Date of July 1st, unless an earlier termination effective date is agreed to by the Pool and the Member.
The Seller shall not assign either this Agreement or any of its rights, interest, or obligations hereunder without the prior written approval of the Buyer.