T erm and Termination Clause Samples
The Term and Termination clause defines the duration of the agreement and the conditions under which either party may end the contract. It typically specifies the start and end dates of the agreement, outlines any renewal terms, and details the procedures for early termination, such as required notice periods or specific events that trigger termination. This clause ensures both parties understand how long their obligations last and provides a clear process for ending the relationship, thereby reducing uncertainty and potential disputes.
T erm and Termination. 4.1. This CBT Agreement shall commence on the Subscription Start Date and unless terminated earlier as provided below, will remain in full force and effect until the end of the Initial Term, after which it will automatically renew for successive terms of the same length as the Initial Term, but not to exceed one (1) year each (each a “Renewal Term”), unless either Licensee or Synopsys notifies the other of their intent not to renew at least five (5) business days prior to the upcoming Renewal Term, or Synopsys ceases to make the particular Hosted Service available. All Renewal Terms are charged at Synopsys' then-current rates unless otherwise agreed by the parties. The Initial Term and any Renewal Terms are together referred to herein as the “Term”.
4.2. A party may terminate the CBT Agreement or any Purchasing Agreement; (a) upon thirty (30) days’ written notice to the other party of a material breach if such breach remains uncured at the expiration of such period; or (b) if the other party becomes the subject of a petition in bankruptcy or any other proceeding relating to insolvency, receivership, liquidation or assignment for the benefit of creditors.
4.3. Termination of this CBT Agreement or a Purchasing Agreement shall not prevent either party from pursuing all available legal remedies, nor shall such termination relieve Licensee’s obligation to pay all fees that are owed. The parties’ rights and obligations under this CBT Agreement that by their nature are intended to survive termination of this CBT Agreement or a Purchasing Agreement shall do so. Upon the expiration or termination of this CBT Agreement or any Purchasing Agreement, Licensee shall: (a) immediately cease using
4.4. LICENSEE ACKNOWLEDGES AND AGREES THAT ANY DOWNLOADABLE COPIES OF THE CBT MAY BE SUBJECT TO A MECHANISM THAT CAN DISABLE OR TIME OUT LICENSEE’S USE AFTER THE EXPIRATION OF THE TERM, OR THAT SYNOPSYS MAY TERMINATE ACCESS TO THE CBT HOSTED SERVICE AT THE END OF THE TERM.
T erm and Termination. The term of this Agreement will commence on the Effective Date and will continue through December 31, 2022. (the “Term”). This Agreement may be extended for an additional period by mutual written agreement. This Agreement may be terminated by either Party hereto: (a) with Cause (as defined below), upon thirty (30) days prior written notice to the other Party; or (b) without cause upon sixty (60) days prior written notice to the other Party. For purposes of this Section 3, “Cause” shall include: (i) a breach of the terms of this Agreement which is not cured within thirty (30) days of written notice of such default or (ii) the commission of any act of fraud, embezzlement or deliberate disregard of a rule or policy of the Company.
T erm and Termination. The term of your subscription to the Service shall be as specified in the Sales Order or in the Vendor Services Agreement. Either party may terminate this Agreement upon 30 days’ prior written notice, provided that all outstanding Sales Orders shall remain in effect for their stated terms and shall continue to be governed by the terms of this Agreement. CGT may terminate this Agreement and any Sales Order in the event of a material breach by Customer not cured within thirty
T erm and Termination a. This Agreement is effective retroactively starting June 15, 2020 and shall continue through the earlier of October 15, 2020 or the date the Emergency Interim Emergency Housing Community on Rue Ferrari opens and accepts new residents, unless terminated sooner or extended as provided by the terms
b. The Parties may mutually agree in writing to extend the Term of this Agreement beyond October 15, 2020. The Parties shall agree to any extension at least thirty (30) days prior to the end of the Term in effect at the time of the extension.
c. Either Party may terminate this Agreement for material breach: The non-breaching Party shall give the breaching Party written notice specifying the material breach, and within which to cure the material breach. If the material breach is not cured within the Cure Period, the non-breaching Party shall have the right to terminate this Agreement upon the Nothing herein shall limit any other rights or remedies either Party may have under the law. T-39382/1745062
d. Termination for Unavailability of Funds. In the event of reduction, suspension, discontinuance or other unavailability of funds not within the discretion of the City, City unilaterally may take appropriate action(s) including, but not limited to, immediately canceling or reducing existing service authorization, stopping or reducing further referrals of individuals, and/or reducing the maximum dollar amount advance written notice of the action(s) City intends to take as a result of the unavailability of funds. City shall not be liable for start-up costs, or lost profits in the event of early termination.
T erm and Termination. 4.1. The term of this Agreement will cover the period beginning September 11, 2020 through June 30, 2021 and may be renewed at the end of the term. The Agreement term recommendation will be that which is determined to be in the best interest of the School Board. The renewal option shall be exercised at the same or substantial similar terms by mutual written agreement of the Parties.
4.2. Contractor shall give BPS written notice of any substantial failure to perform under this Agreement through no fault of Contractor. If BPS fails to correct or diligently pursue cure of such failure within ten
T erm and Termination. The term of this Agreement begins on the Effective Date and ends on the sooner
6.1 all payments under the Bond having been made; or
6.2 expiration of Tax Increment District No. 6 (currently ), unless sooner terminated in accordance with the termination by the City of the District in accordance with this Agreement and pursuant to Wis. Stats. § 66.1105(7), as amended; provided, however, that the City shall take no action to dissolve the District prior to the payment of all principal on the Bond.
T erm and Termination. WALLEX Singapore may terminate this Agreement upon the occurrence of a Termination Event, without further notice to Client. In all other circumstances, WALLEX Singapore may terminate this Agreement with 30 days’ notice to Client.
T erm and Termination. If Licensee breaches any of the terms and conditions of this Agreement, Unitronics may terminate this Agreement, in addition to any other legal rights and remedies Unitronics may have. Upon termination of this Agreement, for any reason, Licensee must immediately cease any use of the Software. Any provision of this Agreement, which protects the Intellectual Proprietary rights of Unitronics or which pertain to limitation of liability and/or exclusivity of warranty and/or remedies, shall survive the termination of this Agreement.
T erm and Termination a. This Agent Appointment shall commence on the same date on which you agree to this Addendum and shall expire coincident with the expiration of the USD Business Current Account – Account Schedule between ▇▇▇▇▇▇▇▇ Bank Limited and you for whatever reason.
T erm and Termination. 9.1 The term of this Agreement shall begin on the Effective Date and will continue for a term of thirty-six (36) months, the “Initial Term,” and will automatically renew for twelve (12) month periods, the “Renewal Terms,” unless either Party provides written notice of cancellation ninety (90) days prior to the end of the then-current term.
9.2 Either party may terminate this Agreement due to the other Party’s breach of this Agreement, such as failure to perform its duties, obligations, or responsibilities herein (including, without limitation, failure to pay fees as set forth herein). The Parties agree that such breach will cause substantial damages to the Party not in breach. Therefore, the Parties agree to work together to mitigate the effect of any such breach; however, the non-breaching Party may terminate this Agreement if such breach is not cured or sufficiently mitigated (to the non- breaching Party’s satisfaction) within ninety (90) days of notice thereof.