Common use of PURPOSE AND EFFECT OF AGREEMENT Clause in Contracts

PURPOSE AND EFFECT OF AGREEMENT. This Agreement shall: (i) come into effect on the Effective Date; (ii) replace the 2020 Agreement concerning its subject matter; (iii) continue to have effect unless or until terminated by either party giving six (6) months’ written notice to the other. Any proposed revisions to this Agreement by either party shall be subject to written notice, and any agreed revision shall remain in force for at least 12 months before any further revision to the same provision can be proposed.

PURPOSE AND EFFECT OF AGREEMENT. This Agreement shall: (i) come into effect on 1st December 2011 (“the Effective Commencement Date;”); and (ii) replace all Previous Agreements with the 2020 Agreement ISM concerning its the subject mattermatter of this Agreement; (iii) continue to have effect unless or until terminated by either party giving six (6) months’ written notice to the other. Neither party may give such notice before 1st December 2012. Any proposed revisions to this Agreement by either party shall be subject to written notice, and any agreed revision shall remain in force for at least 12 months before any further revision to the same provision can be proposed.