Normal Expiration Sample Clauses
The Normal Expiration clause defines the standard date or event upon which an agreement or contract naturally comes to an end without any need for further action by either party. Typically, this clause specifies a fixed term, such as a set number of years, or ties expiration to the completion of a particular project or delivery of services. Its core function is to provide certainty and predictability regarding the duration of the contractual relationship, ensuring both parties are aware of when their obligations will cease under normal circumstances.
Normal Expiration. In no event shall any part of the Option be exercisable after the Expiration Date.
Normal Expiration. The license conferred by this Agreement shall expire on the date specified in Section I. A. of this Agreement.
Normal Expiration. In no event shall any part of your Option be ----------------- exercisable after the Expiration Date set forth in paragraph 2(a) above.
Normal Expiration. The license conferred by this License Agreement expires on the date specified in Section 6. Fee Period & Occupancy of this License Agreement.
Normal Expiration. This Agreement shall continue in effect until all obligations and rights of the parties under this Agreement have been performed, terminated or have expired.
Normal Expiration. Subject to earlier expiration as provided herein, all of the Options shall expire and no longer be exercisable at the close of business on the seventh anniversary of the Grant Date (the “Expiration Date”).
Normal Expiration. In no event shall any part of your Option be exercisable after the Expiration Date set forth in SECTION 1(a) above.
Normal Expiration. In no event shall any portion of your Options ----------------- be exercisable after the tenth anniversary of the Grant Date.
Normal Expiration. In no event shall any part of any Option be exercisable after the date of expiration thereof (the "Expiration Date"), as determined by the Committee pursuant to Section 5.6 above.
Normal Expiration. 21.1 This Agreement shall terminate upon termination of the Administrator's liability under the Reinsurance Agreement. Under all circumstances Administrator's liability under this Agreement shall cease at the close of the Business Day on which Administrator has paid an Ultimate Net Loss equal to the Aggregate Limit (the "Limit Date"). The Administrator shall have no further liability hereunder and the run-off of the Business Covered and associated matters shall be returned to the Reinsured at the close of the Limit Date.
21.2 The parties shall co-operate fully in effecting an orderly and timely return of the run-off to the Reinsured. With effect from the Limit Date, the rights and obligations under this Agreement from that date to perform the run-off of the Business Covered shall become the obligations and rights of the Reinsured insofar as they remain relevant to the operation of the Aggregate Reinsurance Agreement.