Automatic Renewal Clauses Incorporated in Awarded Vendor. Agreements with TIPS Members Resulting from the Solicitation and with the Vendor Named in this Agreement.
Automatic Renewal Clauses Incorporated in Awarded Vendor Sample Clauses
Related to Automatic Renewal Clauses Incorporated in Awarded Vendor
Automatic Renewal Limitation for TIPS Sales No TIPS Sale may incorporate an automatic renewal clause that exceeds month to month terms with which the TIPS Member must comply. All renewal terms incorporated into a TIPS Sale Supplemental Agreement shall only be valid and enforceable when Vendor received written confirmation of acceptance of the renewal term from the TIPS Member for the specific renewal term. The purpose of this clause is to avoid a TIPS Member inadvertently renewing an Agreement during a period in which the governing body of the TIPS Member has not properly appropriated and budgeted the funds to satisfy the Agreement renewal. Any TIPS Sale Supplemental Agreement containing an “Automatic Renewal” clause that conflicts with these terms is rendered void and unenforceable.
CLAUSES INCORPORATED BY REFERENCE (FEB 1998)
