Common use of Initial Term and Renewals Clause in Contracts

Initial Term and Renewals. This Agreement will become effective as of the Effective Date and shall, unless sooner terminated as provided below or as otherwise agreed, remain effective for an initial term of twelve (12) months from the Effective Date. After the Initial Term, this Agreement will be automatically renewed for successive additional one year periods ("Extension Terms"), unless otherwise terminated by either party by giving notice to the other party not less than sixty (60) days prior to the end of a Term. As used herein, the "Term" means the Initial Term and any Extension Term(s). shall commence from the Effective Date

Initial Term and Renewals. This Agreement will become effective as of the Effective Date and shall, unless sooner terminated as provided below or as otherwise agreedbelow, remain effective for an initial term of twelve six (126) months from following the Effective Date. After Date (the “Initial Term, this ”). The Agreement will be shall automatically renewed renew for successive additional one year thirty (30) day periods ("Extension “Renewal Terms"”), unless otherwise terminated by either party for any reason or for no reason by giving notice to the other party not less than sixty fifteen (6015) days prior to the end of a Term. As used herein, the "“Term" ” means the Initial Term and any Extension Renewal Term(s). shall commence from the Effective Date.