TERM OF ANNEX Clause Samples
The 'Term of Annex' clause defines the duration for which a specific annex to a contract remains in effect. Typically, this clause specifies the start and end dates of the annex, or outlines conditions under which the annex will automatically renew or terminate. For example, it may state that the annex is valid for one year from the effective date, unless either party provides notice of termination. The core function of this clause is to provide clear boundaries for the applicability of the annex, ensuring both parties understand when its provisions are enforceable and helping to prevent disputes over its validity period.
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TERM OF ANNEX. This Annex becomes effective upon the date of the last signature below ("Effective Date") and shall remain in effect until the completion of all obligations of both Parties hereto, or one year from the Effective Date, whichever comes first, unless such term exceeds the duration of the Umbrella Agreement. The term of this Annex shall not exceed the term of the Umbrella Agreement. The Annex automatically expires upon the expiration of the Umbrella Agreement.
TERM OF ANNEX. This Annex becomes effective upon the date of the last signature below ("Effective Date") and shall remain in effect until the completion of all obligations of both Parties hereto, or five years
TERM OF ANNEX. This Annex becomes effective upon the contract start date of NASA Contract No. 80JSC024DA024, Neutral Buoyancy Laboratory Operations Contract (NOC II) ("Effective Date") and shall remain in effect until the conclusion or termination of NOC II, including the exercise of all NOC II options and extensions, or termination of the Annex by either Party in accordance with the terms of Article 7, whichever comes first. The term of this Annex shall not exceed the term of the Umbrella Agreement. The Annex automatically expires upon the expiration of the Umbrella Agreement.
TERM OF ANNEX. This Annex becomes effective upon the date of the last signature below (“Effective Date”) and shall remain in effect until the completion of all obligations of both Parties hereto, or until KCA- 4548 expires, but in no event shall the term of this Annex exceed five years. The term of this Annex shall not exceed the term of the Umbrella Agreement. The Annex automatically expires upon the expiration of the Umbrella Agreement extension.
TERM OF ANNEX. This Annex becomes effective upon the date of the last signature below (“Effective Date”) and shall remain in effect until the conclusion of NASA Contract Number NNJ15HK11B, the Human Health and Performance Contract (HHPC), including the exercise of all options. The term of this Annex shall not exceed the term of the Umbrella Agreement. The Annex automatically expires upon the expiration date of the Umbrella Agreement (SAA-SA-21- 34167).
TERM OF ANNEX. This annex becomes effective upon the date of the last signature in Article 7.B. below (Effective Date) and shall remain in effect until the completion of all obligations of both parties hereto, or until December 31, 2020, whichever comes first, unless such term exceeds the duration of the Umbrella agreement. The term of this annex shall not exceed the term of the Umbrella agreement.
TERM OF ANNEX. This Annex becomes effective upon the date of the last signature below (“Effective Date”) and shall remain in effect until the completion of all obligations of both Parties hereto, or December 31, 2024, whichever comes first, unless such term exceeds the duration of the Umbrella Agreement. For purposes of this Article, the Parties' obligations shall be deemed to have been completed when RMV completely vacates and ceases to receive Utilities at the Building 555 Premises. NASA may, but shall not be required to, memorialize in writing the date the Parties obligations have been completed as contemplated by this Article. The term of this Annex shall not exceed the term of the Umbrella Agreement. The Annex automatically expires upon the expiration of the Umbrella Agreement.
TERM OF ANNEX. This Annex becomes effective upon the date of the last signature below ("Effective Date") and shall remain in effect until the completion of all obligations of both Parties hereto, or two (2) years from the Effective Date, whichever comes first, unless such term exceeds the duration of the UIAA. The term of this Annex shall not exceed the term of the UIAA. The Annex shall automatically expire upon the expiration of the UIAA.
TERM OF ANNEX. This Annex shall commence as of the Effective Date of the Agreement. With respect to claims incurred during the period when the parties are operating pursuant to the Reinsurance Pooling Agreement or another reinsurance or pooling agreement, this Annex may only be terminated by mutual agreement of the parties, or for cause pursuant to Subparagraph 10(a) of the Services Agreement, or pursuant to Subparagraphs 10(b) or (c) of the Services Agreement. For claims incurred prior to the Effective Date, this Annex shall continue in force and in effect for an indefinite period, unless and until terminated (i) at 11:59 p.m. December 31, 2004 or any month end thereafter by either party providing the other with written notice not less than six (6) months prior to the date of termination, or (ii) upon termination of the Services Agreement. * * * SCHEDULE 1 Claims Handling Procedures
1. Administrator will report any and all claims, regardless of liability or policy limits, to Merchants New Hampshire with a total reserve of $50,000 or more, as soon as such exposure is known. On these claims, Administrator will provide Merchants New Hampshire with sufficient information to enable it to independently evaluate the individual claim and determine whether Merchants New Hampshire may require additional information. After such notice, Merchants New Hampshire may request additional information and documentation, which Administrator shall provide.
2. Administrator will report to Merchants New Hampshire all claims, regardless of liability or policy limits, which and when to its knowledge involve one or more of the following:
a. Fatalities
b. Brain stem injuries, quadriplegia, paraplegia, hemiplegia or paralysis.
c. All second or third degree burn injuries involving 25% or more of the body.
d. All amputation, whether partial or whole, or loss of use of limbs. e. Loss of use of any of the five senses.
3. With respect to any claims referenced in Sections 1 or 2 above, in addition to the other notice requirements contained in the Agreement, Administrator will report, in a timely fashion, to Merchants New Hampshire concerning any substantive settlement demands, dispositive motions or scheduled trials or hearings.
4. Administrator may settle, adjust, compromise, pay, defend, litigate, or submit to arbitration all actions, suits, proceedings, accounts, claims and demands in which Merchants New Hampshire may become a party, and in connection therewith to make and execute, in Administrator's...
TERM OF ANNEX. This Annex shall commence as of the Effective Date of the Agreement and continue in force and in effect for an indefinite period, unless and until terminated (i) at 11:59 pm on December 31, 2007 or any December 31 thereafter by either party providing the other with written notice not less than one year prior to the date of termination, or (ii) coincident with the termination of the Reinsurance Pooling Agreement ceding Merchants New Hampshire's Traditional Insurance Business to Merchants Mutual, but not earlier than at 11:59 p.m. on December 31, 2007, or (iii) upon termination of the Services Agreement. * * * SCHEDULE 1 Management Reports o Monthly Production Reports (DWP) o Monthly Management Reports (Regional Reports) o Quarterly Agent Production and Profitability Reports ("55's") o Quarterly Loss and LAE Results, by line o Quarterly Profitability Analysis o Internal Underwriting and Claims File Reviews, as completed o Rate Indications and Rate and Rule Filings as prepared in the ordinary course of business o Monthly Cash Flows SCHEDULE 2 Other Underwriting Expenses For each year, the combined amount of underwriting expenses of Administrator and Merchants New Hampshire as are to be reported in such year's Underwriting and Investment Exhibit, Part 4 - Expenses of the Administrator and Merchants New Hampshire Annual Statements included in Column 2 on lines 3 through 18 plus line 24, excluding the following specific items:
1. Expenses unrelated to the Traditional Insurance Business;
2. Expenses deemed to be direct expenses of either Merchants New Hampshire or Administrator;
3. Administrative expenses of Administrator that will be included in the determination of the fees payable under the Administrative Services Annex of the Services Agreement;
4. Provisions for payment of Senior Management bonuses by Administrator; and
5. Other expenses as may, from time to time, be agreed by the parties.