Common use of Initial Term and Renewal Clause in Contracts

Initial Term and Renewal. The initial term of this Agreement shall commence upon the Effective date, and shall continue until September 1, 2016 (“Initial Term”). Thereafter, the Agreement shall automatically renew for successive two (2) year terms, each a (“Renewal Term”), unless sooner terminated by either Party upon giving written notice to the other, of not less than ninety (90) days prior to the end of the then current initial or Renewal Term. (The Initial Term and any Renewal Term(s) collectively shall be considered the “Term” hereof.)

Initial Term and Renewal. The initial term of this Agreement (the ------------------------ "Initial Term") shall commence upon on the Effective dateDate and will expire at 11:59 p.m. on December 31, and shall continue until September 1, 2016 (“Initial Term”)2002. Thereafter, This Agreement may be extended or renewed with the Agreement shall automatically renew for successive two (2) year terms, each a (“Renewal Term”), unless sooner terminated by either Party upon giving written notice to the other, consent of not less than ninety (90) days prior to the end of the then current initial or Renewal Term. (The Initial Term and any Renewal Term(s) collectively shall be considered the “Term” hereofboth parties.)