TERM AND DURATION. 4.1 The Company shall commence upon the filing of the Certificate of Formation, and shall continue in full force and effect until May 1, 2024, provided, however, that the Company shall be dissolved prior to such date upon the happening of any of the following events:
(a) The mutual written consent of the Members to dissolve the Company.
(b) The sale or other divestiture of all or substantially all of the assets of the Company and the distribution of the proceeds thereof to the Members, including real estate or interests held or owned by the Company (other than a transfer to a nominee of the Company for any Company purpose, which event shall not be construed as an event of termination); provided, however, that (i) if the Company receives a purchase money mortgage or other collateral security in connection with such sale, the Company shall continue (A) until such mortgage or security interest is paid in full or otherwise disposed of, or (B) in the event of foreclosure of such mortgage, or security interest provided the Company retains title therein; and (ii) the Company shall continue if the assets of the Company are exchanged under Section 1031 of the Code.
(c) Upon the death, retirement, expulsion, bankruptcy or dissolution of a Member or occurrence of any other event that terminates the continued membership of a Member in the Company (a "Dissolution Event") unless the business of the Company is continued by the unanimous consent of the remaining Members within ninety (90) days following the Dissolution Event.
(d) The entry of a decree of judicial dissolution under Section 49 of the Act.
(e) The happening of any other prior event which pursuant to the terms and provisions of this Operating Agreement shall cause a dissolution or termination of the Company.
4.2 Upon any dissolution of the Company, the distribution of the Company's assets and the winding up of its affairs shall be concluded in accordance with Article 19 of this Operating Agreement.
TERM AND DURATION. 4.1 The Company shall commence upon the filing of the Articles of Organization, and shall continue in full force and effect until April 30, 2045; provided, however, that the Company shall be dissolved prior to such date upon the happening of any of the following events:
(a) The mutual written consent of all of the Members to dissolve the Company;
(b) The divestiture or distribution of all or substantially all of the assets of the Company, (other than a transfer to a nominee of the Company for any Company purpose, which event shall not be construed as an event of termination);
(c) The entry of a decree of judicial dissolution under Section 702 of the Law; or
(d) The happening of any other prior event which pursuant to the terms and provisions of this Agreement shall cause a dissolution or termination of the Company.
4.2 Upon any dissolution of the Company, the liquidation of the Company's assets and the winding up of its affairs shall be concluded in accordance with Article 17 of this Agreement.
TERM AND DURATION. The obligations of confidentiality and non-disclosure contemplated herein shall subsist for a period of 3 years after disclosure, however so that obligations of confidentiality and non-disclosure contemplated herein related to design, technical solutions and know-how shall remain in effect indefinitely.
TERM AND DURATION. This Agreement shall commence on the 16th day of August, 2017, and shall go through the 25th day of May, 2018. Either party may cancel this CONTRACT with or without cause on a thirty (30) days written notice to the other party. Said notice shall be delivered to each party at the address listed at the heading of this CONTRACT or at such other address as may be designated by the party receiving the notice from time to time. In the absence of the notice to cancel this contract, it shall remain in full force.
TERM AND DURATION. (1) This Bilateral Agreement shall come into force and effect on signing by both parties. 1
(2) This Bilateral Agreement shall continue in force and effect until the earlier of the following dates or events:
(i) 30 June 2007;
(ii) earlier termination of the CSTDA.
TERM AND DURATION. 1(1) This Bilateral Agreement shall come into force and effect on a nominated date agreed by both parties, which date is described as “the commencement date” in this Bilateral Agreement
TERM AND DURATION. Subject to Condition 3 (Conditions Precedent), the provisions of, and the rights and obligations of the Parties under, the Contract for Difference shall become effective and binding on the Agreement Date; and
TERM AND DURATION. (1) This Bilateral Agreement shall come into force and effect on signing by both parties. 1
TERM AND DURATION. This Letter of Agreement is effective from its date of signing until the expiration of the current Collective Agreement on March 31, 2019 or until the termination of the agreement between the Department of Justice and the SJPF, whichever is earliest.
TERM AND DURATION. The Option shall have a term commencing with ----------------- the date first above written and expiring on December 31, 2007.
