Term Commencement of Operation Sample Clauses

The 'Term; Commencement of Operation' clause defines when an agreement or contract becomes effective and specifies the duration for which it will remain in force. Typically, this clause states the exact start date—such as upon signing or a particular milestone—and outlines the period of validity, which could be a fixed term or contingent on certain events. By clearly establishing both the commencement and the length of the contractual relationship, this clause ensures that all parties understand their obligations' timeframe and helps prevent disputes over when responsibilities begin and end.
Term Commencement of Operation 
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Related to Term Commencement of Operation

  • Commencement of Operations The Partnership shall not begin operations on its Leases unless the Managing General Partner is satisfied that necessary title requirements have been satisfied.

  • PERIOD OF OPERATION Subject to certification, this Agreement shall come into force from the first pay period commencing on or after 1st December 2002 and shall remain in force until 31 October 2005.

  • Date of Operation 3.1 This Agreement remains in force until 2/7/2027. The agreement will continue to apply beyond its expiration date until it is replaced in accordance with the FW Act.

  • CONTINUITY OF OPERATION Section 1: No Strikes, Work Stoppages or Lockouts

  • Cessation of Operations Any cessation of operations by Borrower or Borrower admits it is otherwise generally unable to pay its debts as such debts become due, provided, however, that any disclosure of the Borrower’s ability to continue as a “going concern” shall not be an admission that the Borrower cannot pay its debts as they become due.