Term Clause Example with 6 Variations from Business Contracts
This page contains Term clauses in business contracts and legal agreements. An example clause is provided at the top of the page, followed by clauses with minor variations. You can view the text differences by selecting the "Show Differences" option.
Term. (a) This Agreement shall continue in effect until December 31, 2018 (the "Initial Termination Date"). If this Agreement is not terminated on the Initial Termination Date, as provided for herein, then, this Agreement shall automatically renew for an additional one-year period and shall continue to renew for additional one-year periods until this Agreement is otherwise terminated, as provided for herein. At any time during the term of this Agreement, CMF may terminate this Agreement upon 5 days' n...otice to the Advisor. At any time during the term of this Agreement, CMF may elect to immediately terminate this Agreement if (i) the Net Asset Value per Unit shall decline as of the close of business on any day to $400 or less; (ii) the Net Assets of the Partnership allocated to the Advisor (adjusted for redemptions, distributions, withdrawals or reallocations, if any) decline by 20% or more as of the end of a trading day from such Net Assets of the Partnership's previous highest value; (iii) limited partners owning at least 50% of the outstanding units of the Partnership (excluding interests owned by CMF, an affiliate of CMF other than the Partnership, or any of their employees) shall vote to require CMF to terminate this Agreement; (iv) the Advisor fails to comply with the terms of this Agreement; (v) CMF, in good faith, reasonably determines that the performance of the Advisor has been such that CMF's fiduciary duties to the Partnership require CMF to terminate this Agreement; (vi) CMF reasonably believes that the application 6 of speculative position limits will substantially affect the performance of the Partnership; (vii) the Advisor fails to conform to the trading policies set forth in the Partnership Agreement or the Memorandum, as they may be changed from time to time; (viii) the Advisor merges, consolidates with another entity, sells a substantial portion of its assets, or becomes bankrupt or insolvent, (ix) Allen Chan dies, becomes incapacitated, leaves the employ of the Advisor, ceases to control the Advisor or is otherwise not managing the trading programs or systems of the Advisor, (x) the Advisor's registration as a commodity trading advisor with the CFTC or its membership in NFA or any other regulatory authority, is terminated or suspended; or (xi) CMF reasonably believes that the Advisor has contributed or may contribute to any material operational, business or reputational risk to CMF or CMF's affiliates. This Agreement will immediately terminate upon dissolution of the Partnership or upon cessation of trading by the Partnership prior to dissolution. (b) The Advisor may terminate this Agreement by giving not less than 30 days' written notice to CMF (i) in the event that the trading policies of the Partnership as set forth in the Memorandum are changed in such manner that the Advisor reasonably believes will adversely affect the performance of its trading strategies; (ii) after December 31, 2018; or (iii) in the event that CMF or the Partnership fails to comply with the terms of this Agreement. The Advisor may immediately terminate this Agreement if CMF's registration as a commodity pool operator or its membership in NFA is terminated or suspended. (c) Except as otherwise provided in this Agreement, any termination of this Agreement in accordance with this Section 5 shall be without penalty or liability to any party, except for any fees due to the Advisor pursuant to Section 3 hereof.View More
Variations of a "Term" Clause from Business Contracts
Term. (a) This Agreement shall continue in effect until December 31, 2018 (the "Initial Termination Date"). Date") unless otherwise terminated as set forth in this Section. If this Agreement is not terminated on or before the Initial Termination Date, as provided for herein, then, this Agreement shall automatically renew for an additional one-year period and shall continue to renew for additional one-year periods until this Agreement is otherwise terminated, as provided for herein. At any time during ...the term of this Agreement, CMF may terminate this Agreement upon 5 days' notice to the Advisor. At any time during the term of this Agreement, CMF may elect to immediately terminate this Agreement if (i) the Net Asset Value per Unit unit of any class of the Partnership shall decline as of the close of business on any day to $400 $400.00 or less; (ii) the Net Assets of the Partnership allocated to the Advisor (adjusted for (excluding the effect of redemptions, distributions, withdrawals or reallocations, if any) decline by 20% 40% or more as of the end of a trading day from such Net Assets of the Partnership's Assets' previous highest value; (iii) limited partners owning at least 50% of the outstanding units of the Partnership (excluding interests owned by CMF, an affiliate of CMF other than the Partnership, or any of their employees) shall vote to require CMF to terminate this Agreement; (iv) the Advisor fails to comply with the terms of this Agreement; Agreement in any material respect; (v) CMF, in good faith, reasonably determines that the performance of the Advisor has been such that CMF's fiduciary duties to the Partnership require CMF to terminate this Agreement; (vi) CMF reasonably believes that the application 6 of speculative position limits will substantially affect the performance of the Partnership; (vii) the Advisor fails to conform to the trading policies as set forth in the Partnership Agreement or the Memorandum, Appendix B as they it may be changed from time to time; (viii) the Advisor merges, consolidates with another entity, 8 entity not affiliated with the Advisor, sells a substantial portion of its assets, or becomes bankrupt or insolvent, insolvent; (ix) Allen Chan either Yves Balcer or Sanjiv Kumar dies, becomes incapacitated, leaves the employ of the Advisor, ceases to control the Advisor or is otherwise not managing the trading programs or systems of the Advisor, Advisor; (x) the Advisor's registration as a commodity trading advisor with the CFTC or its membership in NFA or any other regulatory authority, is terminated or suspended; or (xi) CMF reasonably believes that the Advisor has contributed or may contribute to any material operational, business or reputational risk to CMF or CMF's affiliates. The occurrence of any event in Section 5(a)(i) through 5(a)(xi) hereof shall not automatically result in the termination of the Master Fund Agreement (although such event may also permit and result in the immediate termination of the Master Fund Agreement pursuant to its terms). This Agreement will immediately terminate upon dissolution of the Partnership or upon cessation of trading by the Partnership prior to dissolution. (b) The Advisor may terminate this Agreement by giving not less than 30 days' written notice to CMF (i) in the event that the trading policies of the Partnership as set forth in the Memorandum Appendix B are changed in such manner that the Advisor reasonably believes will adversely affect the performance of its trading strategies; (ii) at any time after December 31, 2018; the Initial Termination Date; or (iii) in the event that CMF or the Partnership fails to comply with the terms of this Agreement. The Notwithstanding the foregoing, the Advisor may immediately terminate this Agreement at any time if (y) CMF's registration as a commodity pool operator or its membership in NFA is terminated or suspended. suspended; or (z) in accordance with Sections 1(a) and (c) of this Agreement. (c) Except as otherwise provided in this Agreement, any termination of this Agreement in accordance with this Section 5 shall be without penalty or liability to any party, except for any fees due to the Advisor pursuant to Section 3 hereof. (d) Except as otherwise provided in this Agreement, the termination of this Agreement shall not affect the settlement of any transactions made in good faith and pending at the date of termination. (e) In the event of any termination of this Agreement, the Advisor shall cease to perform any and all of its duties and obligations under this Agreement, subject to Sections 3 and 6 of this Agreement, which shall survive the termination of this Agreement (including, but not limited to, the Partnership's compensation obligations in respect of the Master Fund Account to the extent the Master Fund Agreement has not been terminated). View More
Term. (a) This Agreement shall continue in effect until December 31, 2018 (the "Initial Termination Date"). If June 30, 2012. CMF may, in its sole discretion, renew this Agreement is not terminated on the Initial Termination Date, as provided for herein, then, this Agreement shall automatically renew for an additional one-year period and shall continue to renew for additional one-year periods until this Agreement is otherwise terminated, as provided for herein. At any time during upon notice to the te...rm Advisor not less than 30 days prior to the expiration of this Agreement, the previous period. After June 30, 2012, CMF may terminate this Agreement at any month-end upon 5 30 days' notice to the Advisor. At any time during the term of this Agreement, CMF may elect to immediately terminate this Agreement upon 5 days' notice to the Advisor if (i) the Net Asset Value per Unit shall decline as of the close of business on any day to $400 or less; (ii) the Net Assets of the Partnership allocated to the Advisor (adjusted for redemptions, distributions, withdrawals or reallocations, if any) decline by 20% or more as of the end of a trading day from such Net Assets of the Partnership's Assets' previous highest value; (iii) limited partners owning at least 50% of the outstanding units of the Partnership (excluding interests owned by CMF, an affiliate of CMF other than the Partnership, or any of their employees) shall vote to require CMF to terminate this Agreement; (iv) the Advisor fails to comply with the terms of this Agreement; (v) CMF, in good faith, reasonably determines that the performance of the Advisor has been such that CMF's fiduciary duties to the Partnership require CMF to terminate this Agreement; (vi) CMF reasonably believes that the application 6 of speculative position limits will substantially affect the performance of the Partnership; or (vii) the Advisor fails to conform to the trading policies set forth in the Partnership Agreement or the Memorandum, Memorandum as they may be changed from time to time; (viii) time and delivered in writing to the Advisor. At any time during the term of this Agreement, CMF may elect immediately to terminate this Agreement if (i) the Advisor merges, consolidates with another entity, sells a substantial portion of its assets, or becomes bankrupt or insolvent, (ix) Allen Chan dies, becomes (ii) Philip Yang and Frank Marrapodi both die, become incapacitated, leaves leave the employ of the Advisor, ceases cease to control the Advisor or is are otherwise not managing the trading programs or systems of the Advisor, (x) (iii) the Advisor's registration as a commodity trading advisor with the CFTC or its membership in the NFA or any other regulatory authority, is terminated or suspended; or (xi) (iv) CMF reasonably believes that the Advisor has contributed or may contribute to any material operational, business business, or reputational risk to CMF or CMF's affiliates. This Agreement will immediately terminate upon dissolution of the Partnership or upon cessation of trading by the Partnership prior to dissolution. (b) The Advisor may terminate this Agreement by giving not less than 30 days' written notice to CMF (i) in the event that the trading policies of the Partnership as set forth in the Memorandum are changed in such manner that the Advisor reasonably believes will adversely affect the performance of its trading strategies; (ii) after December 31, 2018; June 30, 2012; or (iii) in the event that CMF the General Partner or the Partnership fails to comply with the terms of this Agreement. The Advisor may immediately terminate this Agreement if (i) Net Assets of the Partnership under the Advisor's management falls below $750,000; or (ii) CMF's registration as a commodity pool operator or its membership in the NFA is terminated or suspended. (c) Except as otherwise provided in this Agreement, any termination of this Agreement in accordance with this Section 5 shall be without penalty or liability to any party, except for any fees due to the Advisor pursuant to Section 3 hereof. View More
Term. (a) This Agreement shall continue in effect until December 31, 2018 (the "Initial Termination Date"). If June 30, 2014. CMF may, in its sole discretion, renew this Agreement is not terminated on the Initial Termination Date, as provided for herein, then, this Agreement shall automatically renew for an additional one-year period and shall continue to renew for additional one-year periods until this Agreement is otherwise terminated, as provided for herein. upon notice to the Advisor not less than... 30 days prior to the expiration of the previous period. At any time during the term of this Agreement, CMF may terminate this Agreement upon 5 days' notice to the Advisor. At any time during the term of this Agreement, CMF may elect to immediately terminate this Agreement if (i) the Net Asset Value per Unit unit of the Partnership shall decline as of the close of business on any day to $400 $4.00 or less; (ii) the Net Assets of the Partnership allocated to the Advisor (adjusted for redemptions, distributions, withdrawals or reallocations, if any) decline by 20% or more as of the end of a trading day from such Net Assets of the Partnership's Assets' previous highest value; (iii) limited partners owning at least 50% of the outstanding units of the Partnership (excluding interests owned by CMF, an affiliate of CMF other than the Partnership, or any of their employees) shall vote to require CMF to terminate this Agreement; (iv) the Advisor fails to comply with the terms of this Agreement; (v) CMF, in good faith, reasonably determines that the performance of the Advisor has been such that CMF's fiduciary duties to the Partnership require CMF to terminate this Agreement; (vi) CMF reasonably believes that the application 6 of speculative position limits will substantially affect the performance of the Partnership; (vii) the Advisor fails to conform to the trading policies set forth in the Limited Partnership Agreement or the Memorandum, as they may be changed from time to time; Agreement; (viii) the Advisor merges, consolidates with another entity, sells a substantial portion of its assets, or becomes bankrupt or insolvent, insolvent; (ix) Allen Chan Nigel Gent dies, becomes incapacitated, leaves the employ of the Advisor, ceases to control the Advisor or is otherwise not managing the trading programs or systems of the Advisor, Advisor; (x) the Advisor's registration as a commodity trading advisor with the CFTC or its membership in with the NFA or any other regulatory authority, is terminated or suspended; or (xi) CMF reasonably believes that the Advisor has contributed or may contribute to any material operational, business or reputational risk to CMF or CMF's affiliates. This Agreement will immediately terminate upon dissolution of the Partnership or upon cessation of trading by the Partnership prior to dissolution. 6 (b) The Advisor may terminate this Agreement by giving not less than from time to time at any month-end upon 30 days' written notice to CMF (i) in the event that the trading policies of the Partnership as set forth in the Memorandum are changed in such manner that the Advisor reasonably believes will adversely affect the performance of its trading strategies; (ii) after December 31, 2018; or (iii) in the event that CMF or the Partnership fails to comply with the terms of this Agreement. CMF. The Advisor may immediately terminate this Agreement if CMF's registration as a commodity trading advisor, commodity pool operator or its membership in the NFA is terminated or suspended. (c) Except as otherwise provided in this Agreement, any termination of this Agreement in accordance with this Section 5 shall be without penalty or liability to any party, except for any fees due to the Advisor pursuant to Section 3 hereof. View More
Term. (a) This Agreement shall continue in effect until December 31, 2018 (the "Initial Termination Date"). Date") unless otherwise terminated as set forth in this Section. If this Agreement is not terminated on or before the Initial Termination Date, as provided for herein, then, this Agreement shall automatically renew for an additional one-year period and shall continue to renew for additional one-year periods until this Agreement is otherwise terminated, as provided for herein. At any time during ...the term of this Agreement, CMF may terminate this Agreement upon 5 days' notice to the Advisor. At any time during the term of this Agreement, CMF may elect to immediately terminate this Agreement if (i) the Net Asset Value per Unit unit of any class of the Partnership shall decline as of the close of business on any day to $400 $400.00 or less; (ii) the Net Assets of the Partnership allocated to Account (excluding the Advisor (adjusted for effect of redemptions, distributions, withdrawals or reallocations, if any) decline by 20% 40% or more as of the end of a trading day from such Net Assets of the Partnership's Assets' previous highest value; (iii) limited partners owning at least 50% of the outstanding units of the Partnership (excluding interests owned by CMF, an affiliate of CMF other than the Partnership, or any of their employees) shall vote to require CMF to terminate this Agreement; (iv) the Advisor fails to comply with the terms of this Agreement; Agreement in any material respect; (v) CMF, in good faith, reasonably determines that the performance of the Advisor has been such that CMF's fiduciary duties to the Partnership require CMF to terminate this Agreement; (vi) CMF reasonably believes that the application 6 of speculative position limits will substantially affect the performance of the Partnership; (vii) the Advisor fails to conform to the trading policies as set forth in the Partnership Agreement or the Memorandum, as they it may be changed from time to time; (viii) the Advisor merges, consolidates with another entity, entity not affiliated with the Advisor, sells a substantial portion of its assets, or becomes bankrupt or insolvent, insolvent; (ix) Allen Chan either Yves Balcer or Sanjiv Kumar dies, becomes incapacitated, leaves the employ of the Advisor, ceases to control the Advisor or is otherwise not managing the trading programs or systems of the Advisor, Advisor; (x) the Advisor's registration as a commodity trading advisor with the CFTC or its membership in NFA or any other regulatory authority, is terminated or suspended; or (xi) CMF reasonably believes that the Advisor has contributed or may contribute to any material operational, business or reputational risk to CMF or CMF's affiliates. The occurrence of any event in Section 5(a)(i) through 5(a)(xi) hereof shall not automatically result in the termination of the Master Fund Agreement (although such event may also permit and result in the immediate termination of the Master Fund Agreement pursuant to its terms). This Agreement will immediately terminate upon dissolution of the Partnership or upon cessation of trading by the Partnership prior to dissolution. (b) The Advisor may terminate this Agreement by giving not less than 30 days' written notice to CMF (i) in the event that the trading policies of the Partnership as set forth in the Memorandum Partnership Agreement are changed in such manner that the Advisor reasonably believes will adversely affect the performance of its trading strategies; (ii) at any time after December 31, 2018; the Initial Termination Date; or (iii) in the event that CMF or the Partnership fails to comply with the terms of this Agreement. The Notwithstanding the foregoing, the Advisor may immediately terminate this Agreement at any time if (y) CMF's registration as a commodity pool operator or its membership in NFA is terminated or suspended. suspended; or (z) in accordance with Sections 1(a) and (c) of this Agreement. (c) Except as otherwise provided in this Agreement, any termination of this Agreement in accordance with this Section 5 shall be without penalty or liability to any party, except for any fees due to the Advisor pursuant to Section 3 hereof. (d) Except as otherwise provided in this Agreement, the termination of this Agreement shall not affect the settlement of any transactions made in good faith and pending at the date of termination. (e) In the event of any termination of this Agreement, the Advisor shall cease to perform any and all of its duties and obligations under this Agreement, subject to Sections 3 and 6 of this Agreement, which shall survive the termination of this Agreement (including, but not limited to, the Partnership's compensation obligations in respect of the Master Fund Account to the extent the Master Fund Agreement has not been terminated). View More
Term. (a) This Agreement shall continue in effect until December 31, 2018 (the "Initial Termination Date"). for a period of one year from the date this Agreement was entered into unless otherwise terminated as set forth in this Paragraph 5. The Advisor may terminate this Agreement at the end of such one-year period by providing prior written notice of termination to the Partnership at least thirty (30) days prior to the expiration of such one-year period. If this the Agreement is not terminated on upo...n the Initial Termination Date, expiration of such one-year period or as provided for herein, then, otherwise described below, this Agreement shall automatically renew for an additional one-year period and shall continue to renew for additional one-year periods until this Agreement is otherwise terminated, as provided for herein. (b) At any time during the term of this Agreement, CMF may terminate this Agreement upon 5 five (5) days' prior written notice to the Advisor. At any time during the term of this Agreement, CMF may elect to immediately terminate this Agreement if (i) the Net Asset Value per Unit shall decline as of the close of business on any day to $400 or less; (ii) the Net Assets of the Partnership allocated to the Advisor (adjusted for redemptions, distributions, withdrawals or reallocations, if any) decline by 20% 25% or more as of the end of a trading day from such Net Assets of the Partnership's previous highest value; (iii) limited partners owning at least 50% of the outstanding units of the Partnership (excluding interests owned by CMF, an affiliate of CMF other than the Partnership, or any of their employees) shall vote to require CMF to terminate this Agreement; (iv) the Advisor fails to comply with the terms of this Agreement; (v) CMF, in good faith, reasonably determines that the performance of the Advisor has been such that CMF's fiduciary duties to the Partnership require CMF to terminate this Agreement; (vi) CMF reasonably believes that the application 6 of speculative position limits will substantially affect the performance of the Partnership; (vii) the Advisor fails to conform to the trading policies set forth in the Partnership Agreement or the Memorandum, as they may be changed from time to time; time, upon prior written notice to the Advisor; (viii) the Advisor merges, consolidates with another entity, an unaffiliated person, sells a substantial portion of its assets, or becomes bankrupt or insolvent, insolvent; (ix) Allen Chan Maria Vassalou dies, becomes incapacitated, leaves the employ of the Advisor, ceases to control the Advisor or is otherwise not managing the trading programs or systems of the Advisor, Program; (x) subject to Section 7(a)(iii) hereof, the Advisor's registration with the SEC, its registration as a commodity trading advisor with the CFTC or its membership in NFA or any other regulatory authority, is terminated or suspended; or (xi) CMF reasonably believes that the Advisor has contributed or may contribute to any material operational, business or reputational risk to CMF or CMF's affiliates. This Agreement will immediately terminate upon dissolution of the Partnership or upon cessation of trading by the Partnership prior to dissolution. (b) (c) The Advisor may terminate this Agreement by giving not less than 30 thirty (30) days' prior written notice to CMF (i) in the event that the trading policies of the Partnership as set forth in the Memorandum are changed in such manner that the Advisor reasonably believes will adversely affect the performance of its trading strategies; (ii) after December 31, 2018; or (iii) in the event that if either CMF or the Partnership fails to comply with the terms of this Agreement. The Advisor may terminate this Agreement by giving not less than ten (10) days' prior written notice to CMF if: (i) the Advisor reasonably believes that CMF or the Partnership has contributed or may contribute to any material operational, business or reputational risk to the Advisor or the Advisor's affiliates; (ii) there is a change to the Partnership Agreement (including without limitation Section 16 of the Partnership Agreement) or to the trading policies described in either the Partnership Agreement or the Memorandum that materially affects the Advisor's rights or obligations under this Agreement or (iii) the PWP Global Macro Fund and other accounts pursuing the Program are being terminated. The Advisor may elect to immediately terminate this Agreement if CMF's registration as a commodity pool operator or its membership in NFA is terminated or suspended. (c) CMF agrees to notify the Advisor if either CMF or the Partnership agrees to merge or consolidate with an unaffiliated person, agrees to sell a substantial portion of their respective assets, or becomes bankrupt or insolvent. (d) Except as otherwise provided in this Agreement, any termination of this Agreement in accordance with this Section 5 shall be without penalty or liability to any party, except for any fees due to the Advisor pursuant to Section 3 hereof. View More
Term. (a) This Agreement shall continue in effect until December 31, 2018 (the "Initial Termination Date"). If June 30, 2014. CMF may, in its sole discretion, renew this Agreement is not terminated on the Initial Termination Date, as provided for herein, then, this Agreement shall automatically renew for an additional one-year period and shall continue to renew for additional one-year periods until this Agreement is otherwise terminated, as provided for herein. upon notice to the Advisor not less than... 30 days prior to the expiration of the previous period. At any time during the term of this Agreement, CMF may terminate this Agreement at any month-end upon 5 days' notice to the Advisor. At any time during the term of this Agreement, CMF may elect to immediately terminate this Agreement if (i) the Net Asset Value per Unit shall decline as of the close of business on any day to $400 or less; (ii) the Net Assets of the Partnership allocated to the Advisor (adjusted for redemptions, distributions, withdrawals or reallocations, if any) decline by 20% or more as of the end of a trading day from such Net Assets of the Partnership's Assets' previous highest value; (iii) limited partners owning at least 50% of the outstanding units of the Partnership (excluding interests owned by CMF, an affiliate of CMF other than the Partnership, or any of their employees) shall vote to require CMF to terminate this Agreement; (iv) the Advisor fails to comply with the terms of this Agreement; (v) CMF, in good faith, reasonably determines that the performance of the Advisor has been such that CMF's fiduciary duties to the Partnership require CMF to terminate this Agreement; (vi) CMF reasonably believes that the application 6 of speculative position limits will substantially affect the performance of the Partnership; (vii) the Advisor fails to conform to the trading policies set forth in the Partnership Agreement or the Memorandum, as they may be changed from time to time; (viii) the Advisor merges, consolidates with another entity, sells a substantial portion of its assets, or becomes bankrupt or insolvent, insolvent; (ix) Allen Chan John E. Moody dies, becomes incapacitated, leaves the employ of the Advisor, ceases to control the Advisor or is otherwise not managing the trading programs or systems of the Advisor, Advisor; (x) the Advisor's registration as a commodity trading advisor with the CFTC or its membership in NFA or any other regulatory authority, is terminated or suspended; or (xi) CMF reasonably believes that the Advisor has contributed or may contribute to any material operational, business or reputational risk to CMF or CMF's affiliates. This Agreement will immediately terminate upon dissolution of the Partnership or upon cessation of trading by the Partnership prior to dissolution. (b) The Advisor may terminate this Agreement by giving not less than at any month-end upon 30 days' written notice to CMF (i) in the event that the trading policies of the Partnership as set forth in the Memorandum are changed in such manner that the Advisor reasonably believes will adversely affect the performance of its trading strategies; (ii) after December 31, 2018; or (iii) in the event that CMF or the Partnership fails to comply with the terms of this Agreement. CMF. The Advisor may immediately terminate this Agreement if CMF's registration as a commodity pool operator or its membership in NFA is terminated or suspended. (c) Except as otherwise provided in this Agreement, any termination of this Agreement in accordance with this Section 5 shall be without penalty or liability to any party, except for any fees due to the Advisor pursuant to Section 3 hereof. View More
