Common use of Duration and Expiry Clause in Contracts

Duration and Expiry. For the present MEASURE, THE ▇▇ ▇▇▇▇▇ is hereby available for contracting until 30 November 2008 subject to the provisions of this Agreement. All contracts must be signed by this date. Any balance of funds of the ▇▇ ▇▇▇▇▇, which have not been contracted by this date shall be cancelled. The deadline for execution of contracts of THE ▇▇ ▇▇▇▇▇ is 30 November 2009. THE COMMISSION may however, in exceptional circumstances, agree to an appropriate extension of the contracting period or of the contract execution period, should this be requested in due time and properly justified by THE RECIPIENT. Disbursements of funds may continue for up to 12 months after the deadline for the execution of contracts to meet liabilities properly incurred through the execution of the contracts entered into under this programme. This Financing Agreement shall expire once those disbursements have been completed. All the funds which have not been disbursed by that time shall then be returned to the Commission.

Duration and Expiry. For the present MEASURE, THE ▇▇ ▇▇▇▇▇ is hereby available for contracting until 30 November 2008 2007 subject to the provisions of this Agreement. All contracts must be signed by this date. Any balance of funds of the ▇▇ ▇▇▇▇▇, which have not been contracted by this date shall be cancelled. The deadline for execution of contracts of THE ▇▇ ▇▇▇▇▇ is 30 November 20092008. THE COMMISSION may however, in exceptional circumstances, agree to an appropriate extension of the contracting period or of the contract execution period, should this be requested in due time and properly justified by THE RECIPIENT. Disbursements of funds may continue for up to 12 months after the deadline for the execution of contracts to meet liabilities properly incurred through the execution of the contracts entered into under this programme. This Financing Agreement shall expire once those disbursements have been completed. All the funds which have not been disbursed by that time shall then be returned to the Commission.