Common use of Effective Date of Cap Clause in Contracts

Effective Date of Cap. Upon the effective date of a notice to cap contributions pursuant to section 14.1 the Beneficial Interest of MINCO shall be frozen at the level calculated at the completion of that last Program and Budget to which MINCO has just completed its contribution and MINCO shall cease to have any right to contribute to any Program and Budget beyond that frozen level of Beneficial Interest under this Contract.