Common use of Term of Duration Clause in Contracts

Term of Duration. 10.1. This CONTRACT shall be effective as of its date of signature, and remain effective until the TERMINATION DATE. 10.2. The PARTIES agree that, notwithstanding the provisions of Clause 10.1 above and until the DEPOSITARY BANK is duly notified of the TERMINATION DATE, the compensation referenced in this CONTRACT shall continue to be charged. 10.3. After the TERMINATION DATE, the DEPOSITARY BANK shall transfer any balance remaining in the CENTRALIZER ACCOUNT, subject to the terms and order of priority established under this CONTRACT. Once the balance in the CENTRALIZER ACCOUNT is zero, the CENTRALIZER ACCOUNT shall be terminated automatically, provided that the DEPOSITARY BANK is hereby authorized to make every arrangement necessary to that end. 10.4. The PARTIES agree that the DEPOSITARY BANK shall have up to 4 (four) working days to begin rendering this CONTRACT operational, counted as of the date when the DEPOSITARY BANK receives its signed copy of this CONTRACT, and as long as no pending issues are verified in documents delivered. 10.5. The effectiveness of this CONTRACT is tied to the effectiveness of the CONCESSION CONTRACT.