Duration of Agreement & Termination. 10.1 This Agreement shall become effective on the date this Agreement is signed by both parties and shall remain in full force and effect for an initial term of five (5) years, and unless terminated sooner as hereinafter provided, this Agreement will automatically renew for additional twelve (12)-month successive terms.
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Samples: Nec Display (Strong Global Entertainment, Inc), Nec Display (Strong Global Entertainment, Inc), Nec Display (Ballantyne Strong, Inc.)
Duration of Agreement & Termination. 10.1 14.1 This Agreement shall become effective on as of the date this Agreement is signed by both parties Effective Date and shall remain in full force and effect for an initial term of five (5) yearsthree years and, and unless terminated sooner as hereinafter provided, this Agreement will shall automatically renew for additional twelve (12)-month 12) month successive termsterm(s). NEITHER PARTY SHALL BE OBLIGATED TO EXTEND THE DURATION OF THIS AGREEMENT UPON THE EXPIRATION OF THE INITIAL TERM OR ANY SUCCEEDING TERM.
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Samples: Authorized Digital Cinema Reseller Master Agreement (Ballantyne of Omaha Inc), Authorized Digital Cinema Reseller Master Agreement (Ballantyne of Omaha Inc)
Duration of Agreement & Termination. 10.1 A. This Agreement shall become effective on be in effect for a period of one year from the date this Agreement is signed by both parties and shall remain in full force and effect for an initial term of five (5) years, and hereof unless terminated sooner as hereinafter provided, this Agreement will automatically renew in accordance with section 11B hereof or unless extended for an additional twelve (12)-month successive termsperiod by a written instrument executed by both parties. NEITHER PARTY SHALL BE OBLIGATED TO EXTEND THE DURATION OF THIS AGREEMENT UPON THE EXPIRATION OF THE INITIAL TERM OR ANY EXTENSION TERM.
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