Minimum Term and Holding Over Period Clause Samples

Minimum Term and Holding Over Period. (a) Minimum Duration: The Agreement will remain in effect until the end of the Minimum Term unless it is terminated earlier in accordance with its terms. (b) Extending Beyond the Minimum Term: (i) CLOUDBLU PTY LTD is required to give the Customer at least 120 days' notice before the Minimum Term ends, specifying the end date of the Minimum Term. (ii) If either party wishes to conclude the Agreement at the end of the Minimum Term, written notice of the intent to terminate must be given at least 90 days prior to the Minimum Term's end. In this case, the Agreement will conclude on the last day of the Minimum Term. (iii) If neither party provides notice as described in clause 2(b)(ii), the Agreement will automatically continue beyond the Minimum Term in a holding-over period without a specified expiry date, except for the licensing of the Licensed Software, which will be governed by clause 7. (iv) If Licensed Software provided during the Minimum Term is no longer supplied during the Holding Over Period, CLOUDBLU PTY LTD must adjust the Charges payable during the Holding Over Period accordingly. (v) Besides any other termination rights mentioned in this Agreement, either party may terminate the Agreement during the Holding Over Period by providing written notice of at least 90 days to the other party. In this case, the Agreement will terminate at the end of the 90-day notice period or on a later date agreed upon in writing by both parties. However, please note that the termination of the Licensed Software's license during any Holding Over Period is governed by clause 7.
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Minimum Term and Holding Over Period. (a) Minimum Term: Unless terminated earlier in accordance with its terms, the Agreement will continue until the end of the Minimum Term.
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Related to Minimum Term and Holding Over Period

  • ▇▇▇▇▇ Period After payment of the first Dues, the Subscriber is entitled to a grace period of 30 days for the payment of any Dues due. During this grace period, the Agreement will remain in force. However, the Subscriber will be liable for payment of Dues accruing during the period the Agreement continues in force.

  • Extended Reporting Period If any required insurance coverage is on a claims-made basis (rather than occurrence), Contractor shall maintain such coverage for a period of no less than three (3) years following expiration or termination of the Contract.

  • Partial Disposal During Term of Service Agreement Throughout the Term of the Service Agreement, LEA may request partial disposal of Student Data obtained under the Service Agreement that is no longer needed. Partial disposal of data shall be subject to LEA’s request to transfer data to a separate account, pursuant to Article II, section 3, above.

  • Lock-Up Period Participant hereby agrees that Participant shall not offer, pledge, sell, contract to sell, sell any option or contract to purchase, purchase any option or contract to sell, grant any option, right or warrant to purchase, lend, or otherwise transfer or dispose of, directly or indirectly, any Common Stock (or other securities) of the Company or enter into any swap, hedging or other arrangement that transfers to another, in whole or in part, any of the economic consequences of ownership of any Common Stock (or other securities) of the Company held by Participant (other than those included in the registration) for a period specified by the representative of the underwriters of Common Stock (or other securities) of the Company not to exceed one hundred and eighty (180) days following the effective date of any registration statement of the Company filed under the Securities Act (or such other period as may be requested by the Company or the underwriters to accommodate regulatory restrictions on (i) the publication or other distribution of research reports and (ii) analyst recommendations and opinions, including, but not limited to, the restrictions contained in NASD Rule 2711(f)(4) or NYSE Rule 472(f)(4), or any successor provisions or amendments thereto). Participant agrees to execute and deliver such other agreements as may be reasonably requested by the Company or the underwriter which are consistent with the foregoing or which are necessary to give further effect thereto. In addition, if requested by the Company or the representative of the underwriters of Common Stock (or other securities) of the Company, Participant shall provide, within ten (10) days of such request, such information as may be required by the Company or such representative in connection with the completion of any public offering of the Company’s securities pursuant to a registration statement filed under the Securities Act. The obligations described in this Section 4 shall not apply to a registration relating solely to employee benefit plans on Form S-1 or Form S-8 or similar forms that may be promulgated in the future, or a registration relating solely to a Commission Rule 145 transaction on Form S-4 or similar forms that may be promulgated in the future. The Company may impose stop-transfer instructions with respect to the shares of Common Stock (or other securities) subject to the foregoing restriction until the end of said one hundred and eighty (180) day (or other) period. Participant agrees that any transferee of the Option or shares acquired pursuant to the Option shall be bound by this Section 4.