STRATEGY ON EXPIRY OF CONTRACT Sample Clauses

STRATEGY ON EXPIRY OF CONTRACT. Applicable DEFCONs: DEFCON 625 (Edn 10/98) – Co-operation on Expiry of Contract 38.1. Upon the expiry of the Contract, the Contractor shall not be relieved of their contractual obligations. A maximum period of six months shall be allowed from the date of the Contract expiry to progress outstanding tasks and return assets to the Authority. 38.2. Tasking and Outstanding Tasks 38.2.1. The Authority will not place any further tasks against this Contract upon its expiration. However, the Authority and the Contractor will mutually agree on a list of outstanding tasks that have already been placed against the Contract. A list of tasks in progress will also be supplied, and the Contractor should at this time ensure that the assets, confirmed as collected, will be serviced or returned to the Authority in accordance with the terms of the Contract if not already done so.
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STRATEGY ON EXPIRY OF CONTRACT. 21.1. The Contract will expire on the 9th of January 2015, unless the two one-year extension options have not been exercised. Upon the expiry of the Contract, the Contractor shall not be relieved of their contractual obligations. In accordance with Contract Condition 9.1, a maximum period of six months shall be allowed from the date of the Contract expiry to progress outstanding tasks and either sell or declare unsold Residual Assets to the Authority. Where there is a deposit paid or a written commitment to purchase Residual Assets, the Contractor will retain Residual Assets until a sale is finalised or for a further period of 6 months, whichever is sooner.
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STRATEGY ON EXPIRY OF CONTRACT. 23.1 The Contract will expire on the 30th April 2019, however, the expiry will not relieve the Contractor of his contractual obligations. In accordance with Condition 9.1 a minimum period of 12 months, to be negotiated in the final year of the contract, shall be allowed from the date of the Contract expiry to progress outstanding tasks and either sell or declare unsold residual assets to the Authority. This allows until 30th April 2020 to affect Contract closure.
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Related to STRATEGY ON EXPIRY OF CONTRACT

  • Term of Contract The term of this Contract shall be one (1) year commencing on the last date of approval by DIR and Vendor. Prior to expiration of the original term, DIR and Vendor may extend the Contract, upon mutual agreement, for up to three (3) optional one-year terms. Additionally, the parties by mutual agreement may extend the term for up to ninety (90) additional calendar days.

  • Validity of Contracts The fact that: (a) any of the Shareholders, Trustees, or officers of the Trust is a shareholder, director, officer, partner, trustee, employee, Investment Adviser, manager, Principal Underwriter, distributor, or affiliate or agent of or for any Person with which an advisory, management or administration contract, or Principal Underwriter’s or distributor’s contract, or transfer, shareholder servicing or other type of service contract may be made, or (b) any Person with which an advisory, management or administration contract or Principal Underwriter’s or distributor’s contract, or transfer, shareholder servicing or other type of service contract may be made also has an advisory, management or administration contract, or Principal Underwriter’s or distributor’s contract, or transfer, shareholder servicing or other service contract, or has other business or interests with any other Person, shall not affect the validity of any such contract or disqualify any Shareholder, Trustee or officer of the Trust from voting upon or executing the same, or create any liability or accountability to the Trust or its Shareholders, provided approval of each such contract is made pursuant to the applicable requirements of the 1940 Act.