Agreement Renew. 2.1. Subject to clause 2.2, at the end of the Term this Agreement shall automatically renew, on substantially the same terms and conditions, for a further renewal period of 12 (twelve) months (“Renewal Term”). It is agreed between the Parties that the Fees for the Renewal shall increase by (i) the consumer price index as published by Statistics South Africa from time to time; (ii) the change in foreign rate of exchange as published by First National Bank from time to time; and (iii) the annual increase in the price of the Software as published by the Licensor from time to time.
Agreement Renew. 2.1. Subject to clause 2.2, at the end of the Term this Agreement shall automatically renew, on substantially the same terms and conditions, for a further renewal period of 12 (twelve) months (“Renewal Term”). It is agreed between the Parties that the Fees for the Renewal shall increase by (i) the consumer price index as published by the relevant authority applicable to the jurisdiction in which the Managed Service Provider is domiciled from time to time; (ii) the change in foreign rate of exchange as published by the relevant banking authority selected by the Managed Service Provider; and (iii) the annual increase in the price of the Software as published by the Licensor from time to time.
Agreement Renew. 2.1. Subject to clause 2.2, at the end of the Term this Agreement shall automatically renew, on substantially the same terms and conditions, for a further renewal period of 12 (twelve) months (“Renewal Term”). It is agreed between the Parties that the Fees for the Renewal shall increase by (i) the consumer price index as published by the relevant authority applicable to the jurisdiction in which the Managed Service Provider is domiciled from time to time; (ii) the change in foreign rate of exchange as published by the relevant authority applicable to the jurisdiction in which the Managed Service Provider is domiciled from time to time; and (iii) the annual increase in the price of the Managed Services as published by the Managed Service Provider from time to time.
