Common use of DURATION, TERMINATION AND RENEWAL Clause in Contracts

DURATION, TERMINATION AND RENEWAL. 15.1. The Service Level Agreement shall run for two(2)years from the Commencement date. 15.2. The Company may, at its option, renew the Service Level Agreement for an additional period, provided that at the end of the initial term the Company has given the service provider written notice of such election to renew 6 (six) months prior to the expiry of the initial term; 15.3. This Agreement may be terminated on 30 (thirty) days’ written notice by either party. The notice period shall apply should the Company exercise its option to renew.

DURATION, TERMINATION AND RENEWAL. 15.1. The Service Level Agreement shall run for two(2)years two (2) years from the Commencement date. 15.2. The Company may, at its option, renew the Service Level Agreement for an additional period, provided that at the end of the initial term the Company has given the service provider written notice of such election to renew 6 (six) months prior to the expiry of the initial term; 15.3. This Agreement may be terminated on 30 (thirty) days’ written notice by either party. The notice period shall apply should the Company exercise its option to renew.