Initial Term; Renewal Terms. This Agreement shall be for an initial term of five (5) years commencing on the Effective Date (the “Initial Term”). Upon expiration of the Initial Term, the term of this Agreement shall automatically be extended in one (1) year increments (each, a “Renewal Term”), unless either Party delivers written notice of termination to the other Party no later than 180 days prior to the expiration of the Initial Term or the applicable Renewal Term, as the case may be.
Initial Term; Renewal Terms. The initial term (the “Initial Term”) of this Agreement shall be [***] from the date of this Addendum. The Initial Term shall be automatically extended and renewed for successive [***] periods (each a “Renewal Term”) prior to the expiration of the Initial Term and each Renewal Term unless either party gives the other written notice of its election to terminate this Agreement at least [***] prior to the expiration of the then current term of this Agreement. [***] [***] [***] [***] [***] [***] [***] [***] [***] [***] [***] [***] [***] [***] [***] [***] [***] [***] Certain information in this document has been omitted and filed separately with the Securities and Exchange Commission. Confidential treatment has been requested with respect to the omitted portions.
Initial Term; Renewal Terms. The SaaS Term will commence on the Commencement Date indicated in the Purchase Agreement delivered by ReadyChek to Client when ReadyChek begins making the Software available to the Client via the Internet. The SaaS Term shall continue in effect for a monthly basis following the Commencement Date until termination as provided in this Agreement.
Initial Term; Renewal Terms. The initial term of each Supplemental Agreement (the “Initial Term”) is five (5) years commencing on the Payment Commencement Date of each Supplemental Agreement and terminating at 11:59 p.m. on the day preceding the fifth (5th) anniversary of the Payment Commencement Date. Licensee may renew a Supplemental Agreement for up to four (4) additional terms of five (5) years each (“Renewal Terms”).
Initial Term; Renewal Terms. The initial term of each Supplemental Agreement (the “Initial Term”) is five (5) years commencing on the Payment Commencement Date of each Supplemental Agreement and terminating at 11:59 p.m. on the day preceding the fifth (5th) anniversary of the Payment Commencement Date. Licensee shall have the option to renew each Supplemental Agreement for up to four (4) additional terms of five (5) years each (“Renewal Terms”), provided that Licensee is not then in default under this Agreement beyond any applicable grace or cure period and that Licensee gives a notice to renew to NGrid not less than six (6) months prior to the expiration of the Initial Term or Renewal Term, as the case may be. NGrid reserves the right to reasonably renegotiate some or all the terms and conditions of Section 28 in connection with any such renewal.
Initial Term; Renewal Terms. The term of this Agreement is for an initial term of ten years, plus an additional time period equal to the period of any postponement of the NWIP Call Right under Section 4.02(a) of the Shareholders' Agreement (the "Initial Term"), and is subject to renewal for up to four additional ten-year terms (each, a "Renewal Term") at the Company's option exercisable by providing 180 days' written notice prior to the end of the Initial Term or any Renewal Term. Any extension of the Initial Term of this Agreement or any renewal of this Agreement for a Renewal Term will automatically extend and continue the terms of the Collateral Agreements so that (unless the arbitrators have determined pursuant to Section 12.9D, that the Trademark License Agreement should be terminated) the term of those agreements are the same as this Agreement. Either the Company or NWIP may terminate the Collateral Agreements at any time upon or after termination of this Agreement (unless the arbitrators have determined pursuant to Section 12.9D that the Trademark License Agreement should continue).
Initial Term; Renewal Terms. This Agreement shall remain in full force and effect for an initial period beginning on the Effective Date and ending twenty-four (24) months thereafter (the “Initial Term”). Following the Initial Term, this Agreement may be extended for successive twelve (12) month terms (each, a “Renewal Term”) by mutual written consent of the parties at least ninety (90) days prior to the end of the Initial Term or then-current Renewal Term, which consent may be withheld in either party’s sole discretion.
Initial Term; Renewal Terms. The Initial Term of this Contract shall begin on the Commencement Date and end on * * *. Seminole hereby grants to Lafarge a series of options to renew this Contract for up to * * * terms of * * * each (the “Renewal Terms”); provided, however, that Seminole reserves the right to shorten and/or eliminate succeeding Renewal Terms upon the provision to Lafarge of written notice no less than * * * prior to the expiration of the Initial Term or then-effective Renewal Term, as applicable, that the remaining life of the Seminole Plant will be less than the full * * * Renewal Term period to follow and specifying such alternative period for the following Renewal Term. The terms of this Contract during each Renewal Term shall be the same as those applicable during the Initial Term with the exception of the price per Ton for Complying Gypsum with respect to each Renewal Term, a Minimum Amount of Complying Gypsum with respect to each Renewal Term, and such other terms and provisions pertinent to each Renewal Term as the Parties wish to renegotiate, each of which shall be renegotiated in good faith by the Parties as provided in this Section (b). The option and the renegotiation process with respect to price, Minimum Amount and other terms applicable to a Renewal Term shall be as follows:
(i) Each option to renew this Contract shall be exercisable by Lafarge by Lafarge’s provision of written notice to Seminole of Lafarge’s desire to renew this Contract, which written notice shall be due no less than * * * prior to the expiration of the Initial Term or succeeding Renewal Term, as applicable.
(ii) Upon receipt by Seminole of Lafarge’s written notice, the Parties shall negotiate in good faith to reach agreement upon a new price per Ton for Complying Gypsum, a Minimum Amount of Complying Gypsum and such other terms and provisions as the Parties wish to renegotiate. If the Parties reach agreement, that agreement shall be in the form of a written amendment to this Contract.
(iii) If the Parties are unable to agree upon a price and/or Minimum Amount (or such other term or provision as the Parties wish to renegotiate) to be applicable during the succeeding Renewal Term within 180 days after Lafarge’s notice exercising its option to renew (hereinafter, the “Negotiation Period”), this Contract shall not be terminated and shall continue to remain in effect in accordance with its then-current terms (including, without limitation, the applicable price per Ton of Complying Gypsum and...
Initial Term; Renewal Terms. The SaaS Term will commence on the “Commencement Date” indicated in the notice delivered by Eastbay to Client when Eastbay begins making the Software available to the Client via the Internet (the “Commencement Notice”). The SaaS Term shall continue in effect for a period of twelve (12) months following the Commencement Notice (the “Initial Term”), unless sooner terminated as provided in this Agreement. Upon expiration of the Initial Term, the SaaS Term shall automatically renew for successive renewal terms of twelve (12) months each (each a “Renewal Term”) unless sooner terminated as provided in this Agreement, or unless either party gives written notice of termination to the other party at least ninety (90) days prior to the end of the Initial Term or any Renewal Term.
Initial Term; Renewal Terms. The initial term (the "Initial Term") of this Agreement shall be [***] from the date of this Agreement. The Initial Term shall be automatically extended and renewed for successive [***] periods (each a "Renewal Term") prior to the expiration of the Initial Term and each Renewal Term unless either party gives the other written notice of its election to terminate this Agreement at least [***] prior to the expiration of the then current Term of this Agreement. The Initial Term and any Renewal Term are collectively referred to as the “Term”.
