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, remain effective for an initial term of six (6) months following the Effective Date (the “Initial Term”). The Agreement shall automatically renew for successive additional thirty (30) day periods (“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 fifteen (15) days prior to the end of a Term. As used herein, “Term” means the Initial Term and any Renewal Term(s).

Initial Term and Renewals. This Agreement will become effective as of the Effective Date and shall, unless sooner terminated as provided belowbelow or as otherwise agreed, remain effective for an initial term of six twelve (612) months following from the Effective Date (Date. After the “Initial Term”). The , this Agreement shall will be automatically renew renewed for successive additional thirty (30) day one year periods (“Renewal "Extension Terms”"), unless otherwise terminated by either party for any reason or for no reason by giving notice to the other party not less than fifteen sixty (1560) days prior to the end of a Term. As used herein, “the "Term” " means the Initial Term and any Renewal Extension Term(s).. shall commence from the Effective Date