Validity and Expiration Sample Clauses
The Validity and Expiration clause defines the time period during which the terms of an agreement or offer remain in effect. It typically specifies a start date and an end date, or sets conditions under which the agreement will automatically expire if not renewed or acted upon. This clause ensures that all parties are aware of the timeframe for their rights and obligations, preventing misunderstandings about when the agreement is enforceable and when it ceases to apply.
Validity and Expiration. The authorization and right vested by virtue of this action is valid for 18 months from the effective date, as defined in Condition of Approval No. 5, as it may be extended under Condition of Approval No. 2. A building permit from the Department of Building Inspection to construct the project and/or commence the approved use must be issued as this office allocation authorization is only an approval of the proposed project and conveys no independent right to construct the project or to commence the approved use. The Planning Commission may, in a public hearing, consider the revocation of the approvals granted if a site or building permit has not been obtained within 18 months of the effective date. Once a site or building permit has been issued, construction must commence within the timeframe required by the Department of Building Inspection and be continued diligently to completion. The Commission may also consider revoking the approvals if a permit for the Project has been issued but is allowed to expire and more than 18 months have passed since the effective date.
Validity and Expiration. 1 . This Agreement will remain in force for 10 years. From the date referred to in Article 12, and shall remain in force for subsequent periods of five years, unless one of the two Parties has denounced it in writing before one year from the date of each expiry. Article 12 and shall remain Tacitly in force for subsequent five-year periods, unless one of the two Parties has denounced it in writing before one year from the date of each expiration.
2 . For investments made before the expiry date referred to in the preceding paragraph, the provisions of this Agreement shall remain in force for another five years from the date of such expiry.
Validity and Expiration. The authorization and right vested by virtue of this action is valid for five (5) years as to St. Luke's Campus Hospital, and seven (7) years as to the St. Luke's Campus MOB, from the effective date as defined in Condition of Approval No. 23, as it may be extended under Condition of Approval No. 2, and supersedes conditions of approval contained in Resolution No’s. 6078 and 6714. A building permit from the Department of Building Inspection to construct the Project and/or commence the approved use must be issued as this Conditional Use Authorization is only an approval of the proposed Project and conveys no independent right to construct the Project or to commence the approved use. The Planning Commission may, in a public hearing, consider the revocation of the approvals granted if a site or building permit has not been obtained within five