Examples of Renewal Period in a sentence
Each Initial Term shall automatically be extended for successive fixed one year periods (each a Renewal Period) unless one party notifies the other party in writing at least six months before the end of such Initial Term or Renewal Period (as relevant)it does not wish to extend the Initial Term or the further Renewal Period.
Unless otherwise specified in the Booking Form either party may terminate an agreement governed by these Terms and Conditions by providing the other with written notice no less than three months prior to the end of the Initial Term or the then current Renewal Term; such notice shall cause the relevant agreement to terminate at the end of the Initial Period or the then current Renewal Period.
Renewal Period: Period up to anniversary of first Salesforce licence purchase for Customer’s In-Form system.
Term: Unless otherwise specified in the Booking Form the agreement between Mustard Ltd and the client shall run for a period of 12 months (the “Initial Term”) thereafter the agreement shall be automatically renewed for a further period of 12 months (each such term a “Renewal Period”) at the end of the Initial Period and at the end of each Renewal Period until terminated pursuant to the terms of these Terms and Conditions.