Automatic renewal for Sample Clauses

Automatic renewal for a new term, suspension and termination of services, closure of accounts 2.5.1. The Parties have agreed that all services rendered under the General Agreement on conditions of automatic renewal for a new term shall continue for the next term with no need to sign an additional agreement on the introduction of changes, provided that the Client pays for such services in accordance with the Fee Schedule valid at the time of such renewal. There are no restrictions as to the number of renewals. 2.5.2. The Bank may suspend any service in its entirety or in part and/or all services in their entirety within the framework of the General Agreement, if the Client fails to pay for services rendered by the Bank within two calendar months. In such cases, the Client’s savings/current accounts will be closed and the Bank will send the Client an SMS message 15 prior to account closure. 2.5.3. The Parties have agreed that the absence of any movement of funds on the Client's current or savings account for more than 180 consecutive days (except for contractual debiting funds from such an account by the Bank or payment of commission fees) will be deemed to be a Client's offer to terminate the Bank Account Agreement. In this case, the Bank shall have the right to accept the Client's offer and close the Client’s account without additional notification thereof. In these cases, the respective additional agreement on the account shall be deemed to have been terminated at the initiative of the Client from the date of closing the account by the Bank. The provisions referred to in this section shall be understood by the Client and the Bank as an application to close the account, and therefore the implementation of these provisions will be carried out without a separate application by the Client for the account to be closed. 2.5.4. Subject to the appropriate notice period – 15 days – the Bank may terminate the business relationship as a whole and terminate the provision of certain services (relevant transactions carried out under the terms of the General Agreement) at any time upon the expiry of 15 days from the date of the notice sent to the Client. 2.5.4.1. If it is decided to close the Client’s account as provided for in Article 10 of the Law of Ukraine On Prevention and Counteraction to Legalisation (Laundering) of Proceeds from Crime or Terrorist Financing and Article 64 of the Law of Ukraine On Banks and Banking Activity, the Bank shall provide the Client with notice at least three...
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Related to Automatic renewal for

  • Automatic Renewal Each Schedule will renew automatically at the end of the then-current Schedule Term for a Schedule Renewal Term unless terminated in accordance with this Agreement by either You or Company.

  • 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.

  • Automatic Reduction Promptly following each date on which the Required Amount is reduced as a result of a reduction in the Pool Balance of the Class B Certificates or otherwise, the Maximum Commitment shall automatically be reduced to an amount equal to such reduced Required Amount (as calculated by the Borrower). The Borrower shall give notice of any such automatic reduction of the Maximum Commitment to the Liquidity Provider within two Business Days thereof. The failure by the Borrower to furnish any such notice shall not affect such automatic reduction of the Maximum Commitment.

  • Automatic Early Termination provision of Section 6(a) will not apply to Party A and will not apply to Party B.

  • Automatic Termination This Agreement shall automatically and immediately terminate in the event of its “assignment” (as defined in the 1940 Act).

  • Term Automatic Cashless Exercise Upon Expiration 5.1.1 This Warrant is exercisable in whole or in part, at any time and from time to time on or before the Expiration Date set forth above; provided, however, that if the Company completes its initial public offering within the 270-day period immediately prior to the Expiration Date, the Expiration Date shall automatically be extended until 270 days after the effective date of the Company’s initial public offering. 5.1.2 In the event that, upon the Expiration Date, the fair market value (as determined pursuant to Section 1.3 above) of one Share (or other security issuable upon the exercise hereof) is greater than the Warrant Price in effect on such date, then this Warrant shall automatically be deemed on and as of such date to be exercised pursuant to Section 1.2 above as to all Shares (or such other securities) for which it shall not previously have been exercised.

  • Automatic Extension At the end of the initial term and any subsequent ------------------- term, this Agreement shall automatically renewed for a five (5) year term unless one of the parties provides the other party with written notice of intent not to renew, not less than one hundred eighty (180) day prior to the expiration of the then current term.

  • CONTRACT RENEWAL PERIOD FURNITURE ADDITIONS/DELETIONS: Contractors wishing to make furniture additions/changes to their contract during the contract period should be aware of the following additions/changes will be allowed only once during a contract period. No changes to discount percentages are allowed during this contract period. Additions/changes must be submitted during the contract renewal period. When requesting additions and/or changes; contractor shall submit a request either by letter or via email which shall include a list of all items being proposed for addition and/or change. Contractor shall submit all required documents supporting any new items. Product literature for all new items shall also be submitted with the request. Contractor is responsible for submitting a complete name, address, email address, phone and fax numbers when a new dealer is added.

  • Automatic Reinsurance For automatic reinsurance, the Reinsurer's liability will commence at the same time as the Ceding Company's liability, including liability under any conditional receipt or temporary insurance provision.

  • Automatic Cashless Exercise upon Expiration In the event that, upon the Expiration Date, the fair market value of one Share (or other security issuable upon the exercise hereof) as determined in accordance with Section 1.3 above is greater than the Warrant Price in effect on such date, then this Warrant shall automatically be deemed on and as of such date to be exercised pursuant to Section 1.2 above as to all Shares (or such other securities) for which it shall not previously have been exercised, and the Company shall, within a reasonable time, deliver a certificate representing the Shares (or such other securities) issued upon such exercise to Holder.

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