Common use of Term of Duration Clause in Contracts

Term of Duration. This Agreement enters into force, for all intents and purposes, on the date hereof and shall remain in force until (a) the consummation of the Transaction; (b) the advance termination by the Purchasers in the events of non-consummation of the transaction set forth in Sections 5.3.5 and 5.3.7, or in the case of declaration of occurrence of a Material Adverse Effect; or (c) the end of the period of twenty (20) months counted from this date, without the Transaction having been consummated, whichever occurs first. It is agreed that the Purchasers may, at their sole discretion, regardless of justification, extend the aforementioned time period, once only, for an additional period of six (6) months for the purpose of obtaining C▇▇▇ Approval and/or ANATEL's Prior Consent. For clarification purposes, the obligation provided for in Section 10.1.1, if due, shall remain valid and in effect until its effective fulfillment.