Sunset Clause definition

Sunset Clause means any provision in a Bilateral Investment Treaty which extends the protection of investments made prior to the date of termination of that Treaty for a further period of time.
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Sunset Clause. The provisions of this Section (Six) expire automatically upon termination of the Agreement. Either party may renegotiate for the inclusion of this provision or any modification thereof in any successor agreement.
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Sunset Clause. If at the renewal falling due any time between 1st July 2002 and 30th June 2003, both days inclusive, (after completion of the full Policy period of 12 months) an Insured becomes entitled to an NCB of 55% or 65% in terms of the Tariff prevailing prior to 1st July 2002, the entitlement of such higher percentage of NCB will remain protected for all subsequent renewals till a claim arises under the Policy, in which case the NCB will revert to ‘Nil’ at the next renewal. Thereafter, NCB if any earned, will be in terms of the above table. Three Year Policy:
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Examples of Sunset Clause in a sentence

  • If a Bilateral Investment Treaty listed in Annex A is not in force on the date on which this Agreement enters into force for the relevant Contracting Parties, but investments made prior to such termination may still fall within the scope of its application by virtue of its Sunset Clause, it shall be considered as a Bilateral Investment Treaty listed in Annex B.

  • Sunset Clause: This provision shall not continue beyond the term of this contract despite Section 209 a, 1, e of the ▇▇▇▇▇▇ Law.

  • This provision (for the additional uses) would have a five year Sunset Clause from date of gazettal – i.e., a development application must be lodged within that five year period.

  • If a Bilateral Investment Treaty listed in Annex A is not in force on the date on which this Agreement enters into force for the relevant Parties, but investments made prior to such termination may still fall within the scope of its application by virtue of its Sunset Clause, it shall be considered as a Bilateral Investment Treaty listed in Annex B.

  • If the employee receives a second Letter of Reprimand for the same reason after the Twenty Four (24) months, the second letter will not have a Sunset Clause.


More Definitions of Sunset Clause

Sunset Clause there is a suspension of required overtime, to expire at the conclusion of this Agreement.
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Sunset Clause. This memorandum of understanding ends on May 1, 2011.
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Sunset Clause. 48 Hour Clause” – Option 2 (a) The Buyer acknowledges that notwithstanding the existence of this Contract, the Seller intends to continue to offer the Property for sale. (b) Should the Seller receive an offer in the form of a signed Contract which in the Seller’s sole and unfettered discretion is more acceptable to the Seller, the Seller shall immediately notify the Buyer in writing of such offer and furnish the Buyer with a copy of same. (c) In the event that the buyer does not agree in writing within three (3) working days of receipt of the notice referred to in (b) to increase the purchase price to that offered by the alternative Buyer and waive any conditions relating to finance or the sale of any other property, then this Contract shall be at an end and all monies paid by way of deposit shall be refunded to the Buyer. Rent Back to Seller (a) The Buyer agrees to allow the Seller to stay in possession of the Property at a rental of xxxx ($xxxx) per week payable weekly in advance commencing on the Date for Completion and continuing until the xxxx.
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Sunset Clause means that when a condition is satisfied the Agreement will come to an end.
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Sunset Clause a clause contained in all the Policies (and as defined in the Policies) which provides for a ten (10) year limitation period from the date the policy was written in which to report a claim;
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Sunset Clause. If at the renewal falling due any time between 1st July 2002 and 30th June 2003, both days inclusive, (after completion ENDORSEMENTS (Only the Endorsements mentioned in the Schedule shall form part of the Policy)
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Sunset Clause. The U.S. had demanded a sunset clause that would kill USMCA after five years unless the countries agreed to extend it.
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