Common use of DURATION/TERM AND CANCELLATION Clause in Contracts

DURATION/TERM AND CANCELLATION. a) Notwithstanding the date of signature hereof, the Commencement Date of this Agreement is ………… and the duration shall be for a Five [5] year period, on an “As and When” required basis, expiring on unless this Agreement is terminated by either Party in accordance with the provisions incorporated herein or in any schedules or annexures appended hereto, or otherwise in accordance with law or equity; or b) this Agreement is extended at Transnet’s option for a further period to be agreed by the Parties.

DURATION/TERM AND CANCELLATION. a) 6.1 Notwithstanding the date of signature hereof, the Commencement Date of if this Agreement is ………… and the duration shall be for a Five [5[ ] year period, on an “As and When” required basis, expiring on unless , unless: a) this Agreement is terminated by either Party in accordance with the provisions incorporated herein or in any schedules or annexures appended hereto, or otherwise in accordance with law or equity; or b) this Agreement is extended at Transnet’s option for a further period to be agreed by the Parties.

DURATION/TERM AND CANCELLATION. a) 6.1 Notwithstanding the date of signature hereof, the Commencement Date of if this Agreement is ………… and the duration shall be for a Five [5] year period, on an “As and When” required basis, expiring on unless …… a) this Agreement is terminated by either Party in accordance with the provisions incorporated herein or in any schedules or annexures appended hereto, or otherwise in accordance with law or equity; or b) this This Agreement is extended at Transnet’s option for a further period to be agreed by the Parties.