Common use of Entry into Force, Duration Clause in Contracts

Entry into Force, Duration. TERMINATION 15.1. This Agreement shall enter into force on the Service(s) Start Date as such date is notified to the Market Participant by HEnEx in writing (by email or letter). Upon entry into force, HEnEx is appointed, authorized and obliged to provide the Service(s) throughout the Service Duration, pursuant to the Agreement. 15.2. The Agreement is concluded for an indefinite term. Each Party may terminate the Agreement with thirty (30) days prior notice. 15.3. A change request concerning the Service(s) provided under the Agreement or a written notice for the termination of the Agreement by the Market Participant, will only be effective provided that it is submitted to HEnEx in writing and that it is duly signed by the legal representative of the Market Participant. 15.4. Either Party may terminate the Agreement by written notice to the other Party if the other Party fundamentally breaches its obligations and such fundamental breach is not remedied within ten (10) days from written notice thereof from the non-defaulting Party. 15.5. Termination shall not affect rights or obligations accrued at the time of termination. Any provision of this Agreement which by nature is intended to survive termination shall remain binding until such rights or obligations have been satisfied or released.

Appears in 4 contracts

Sources: Remit Reporting Service Agreement, Remit Reporting Service Agreement, Remit Reporting Service Agreement