CONTINUATION PROCESS Clause Samples

The Continuation Process clause outlines the procedures and requirements for extending or renewing an agreement beyond its original term. Typically, this clause specifies the notice period that parties must observe to initiate continuation, any conditions that must be met for the agreement to continue, and whether the terms remain the same or are subject to renegotiation. By clearly defining how and when a contract can be continued, this clause helps prevent misunderstandings and ensures both parties are aware of their rights and obligations regarding the ongoing relationship.
CONTINUATION PROCESS. The Authorities understand that: AMO responsibilities: In order to retain the privileges granted to the AMO under the TA-M the AMO: (i) Will continue to remain in compliance with its UK CAA supplement; and (ii) Allow TCCA and the UK CAA unimpeded access to all facilities for oversight and surveillance purposes.
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CONTINUATION PROCESS. The Authorities understand that: (i) TCCA action TCCA will ensure every 24 months that the conditions for approval continue to be met. Where the conditions are not met, TCCA will take appropriate (ii) AMO action every 2-years the applicant will need to re-apply if they wish to continue to use this TA-M. The applicant will submit a request by means of a letter and a current copy of their JCAB Supplement to TCCA HQ requesting continuation. An aircraft rated AMO will also submit a completed CAR (JCAB) Form 16 with revenue stamps in accordance with CAL article 135; (iii) Authorities actions TCCA HQ will review the JCAB Supplement for compliance in accordance with this TA-M; A. for component rated ▇▇▇▇, when the supplement is found satisfactory, TCCA HQ will send the supplement approval letter, including the new expiry date of 2-year valid period, to the applicant and update the TCCA website to reflect the new expiry date in accordance with this TA-M. No further action will be required; B. for aircraft rated ▇▇▇▇, when the supplement is found satisfactory, TCCA HQ will send the supplement approval letter, the CAR (JCAB) Form 16 with revenue stamps and the JCAB Supplement to JCAB HQ. The letter will specify that the scope of ratings and limitations will not exceed that which is specified in the organizations CAR (TCCA) 573 certificate and scope of approval; C. after confirmation of the contents of the supplement approval letter, including the scope of ratings and limitations, JCAB HQ will issue a Certificate of Approval indicating the new expiry date of the 2-year validity period, and send it to TCCA HQ; D. once the Certificate of Approval is received from JCAB HQ, TCCA HQ will forward the Certificate of Approval to the applicant and update the TCCA website to reflect the new expiry date.
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Related to CONTINUATION PROCESS

  • Conversion and Continuation Procedures (a) Subject to Section 2.2.1, the Company may, upon irrevocable written notice to the Administrative Agent in accordance with clause (b) below: (A) elect, as of any Business Day, to convert any Loans (or any part thereof in an aggregate amount not less than $500,000 or a higher integral multiple of $100,000) into Loans of the other type; or (B) elect, as of the last day of the applicable Interest Period, to continue any LIBOR Loans having Interest Periods expiring on such day (or any part thereof in an aggregate amount not less than $500,000 or a higher integral multiple of $100,000) for a new Interest Period; provided that after giving effect to any prepayment, conversion or continuation, the aggregate principal amount of each Group of LIBOR Loans shall be at least $500,000 and an integral multiple of $100,000. (b) The Company shall give written notice (each such written notice, a “Notice of Conversion/Continuation”) substantially in the form of Exhibit F or telephonic notice (followed immediately by a Notice of Conversion/Continuation) to the Administrative Agent of each proposed conversion or continuation not later than (i) in the case of conversion into Base Rate Loans, 11:00 A.M., Chicago time, on the proposed date of such conversion and (ii) in the case of conversion into or continuation of LIBOR Loans, 11:00 A.M., Chicago time, at least three Business Days prior to the proposed date of such conversion or continuation, specifying in each case: (A) the proposed date of conversion or continuation; (B) the aggregate amount of Loans to be converted or continued; (C) the type of Loans resulting from the proposed conversion or continuation; and (D) in the case of conversion into, or continuation of, LIBOR Loans, the duration of the requested Interest Period therefor. (c) If upon the expiration of any Interest Period applicable to LIBOR Loans, the Company has failed to select timely a new Interest Period to be applicable to such LIBOR Loans, the Company shall be deemed to have elected to convert such LIBOR Loans into Base Rate Loans effective on the last day of such Interest Period. (d) The Administrative Agent will promptly notify each Lender of its receipt of a notice of conversion or continuation pursuant to this Section 2.2.3 or, if no timely notice is provided by the Company, of the details of any automatic conversion. (e) Any conversion of a LIBOR Loan on a day other than the last day of an Interest Period therefor shall be subject to Section 8.4.

  • Continuation of Work Pending the resolution of any dispute or claim pursuant to this Article 11, the Parties agree that performance of all obligations will be pursued diligently.

  • Commencement and Continuation The Contractor shall commence the Project on the date the Contract was signed by the Department (as above) and, subject to Schedule Three, Clause 10.1 shall complete the Project on or before 1 June 2012. Interpretations Schedule One Schedule Two Schedule Three

  • Continuation This section will survive termination of your Account, voluntary payment of your Account balance, any legal proceeding to collect a debt, any bankruptcy and any sale of your Account (in the case of a sale, its terms will apply to the buyer of your Account). If any portion of this Claims Resolution section, except as otherwise provided in the Limitations on Arbitration subsection, is deemed invalid or unenforceable, it will not invalidate the remaining portions of this Claims Resolution section.

  • Formation and Continuation The Partnership is a limited partnership heretofore formed and continued pursuant to the provisions of the Act and upon the terms and subject to the conditions set forth in this Agreement. Except as expressly provided herein to the contrary, the rights and obligations of the Partners and the administration and termination of the Partnership shall be governed by the Act. The Partnership Interest of each Partner shall be personal property for all purposes.