Common use of Initial Term; Renewal Clause in Contracts

Initial Term; Renewal. The initial term of this Agreement shall begin on the Effective Date and continue for a period of three (3) years after the Implementation Date, and may be terminated earlier or automatically extended in accordance with the terms thereof. Not less than one hundred twenty (120) days prior to the end of the initial or any renewal term of this Agreement, either party may notify the other party in writing that it desires to terminate this Agreement, effective as of the end of the then current term. If no such written notification is given, this Agreement shall automatically continue with the same terms and conditions as set forth herein for an additional one (1) year term, subject to the right of termination as otherwise provided herein.

Appears in 2 contracts

Samples: Services Agreement (Orphan Medical Inc), Services Agreement (Orphan Medical Inc)

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Initial Term; Renewal. The initial term of this Agreement shall begin on the Effective Date and continue for a period of three (3) years after the Implementation Datethrough June 30, and may be 2011, unless terminated earlier or automatically extended in accordance with the terms thereofhereof. Not less than one hundred and twenty (120) days prior to the end of the initial or any renewal term of this Agreement, either any party may notify the other party in writing that it desires to terminate this Agreement, effective as of the end of the then current term. If no such written notification is given, this Agreement shall automatically continue with the same terms and conditions as set forth herein for an additional one (1) 1 year term, subject to the right of termination as otherwise provided herein.”

Appears in 1 contract

Samples: The Master Services Agreement (Jazz Pharmaceuticals Inc)

Initial Term; Renewal. The initial term of this Agreement shall begin on the Effective Date and continue for a period of three (3) years after the Implementation Datethrough December 31, and may be 2010, unless terminated earlier or automatically extended in accordance with the terms thereofhereof. Not less than one hundred and twenty (120) days prior to the end of the initial or any renewal term of this Agreement, either any party may notify the other party in writing that it desires to terminate this Agreement, effective as of the end of the then current term. If no such written notification is given, this Agreement shall automatically continue with the same terms and conditions as set forth herein for an additional one (1) 1 year term, subject to the right of termination as otherwise provided herein.

Appears in 1 contract

Samples: Master Services Agreement (Jazz Pharmaceuticals Inc)

Initial Term; Renewal. The initial term of this Agreement shall begin commence on the Effective Date date of this Agreement and shall continue through the eighteenth (18) month hereafter; provided, however, that at the end of the initial term of this Agreement, or of any renewal term hereof, the term of this Agreement shall be automatically renewed for a period an additional one year period, unless either party shall have notified the other party of three (3) years after the Implementation Date, and may be terminated earlier or automatically extended in accordance with the terms thereof. Not its decision not to renew this Agreement not less than one hundred twenty thirty (12030) nor more than ninety (90) days prior to the end of the such initial or any renewal term of this Agreement, either party may notify the other party in writing that it desires to terminate this Agreement, effective as of the end of the then current term. If no such written notification is given, The initial and renewal terms provided for by this Agreement shall automatically continue with Section 7.01 are referred to herein as the same terms "Term" and conditions as set forth herein for an additional one (1) year term, are subject to the right of earlier termination as otherwise provided hereinbelow.

Appears in 1 contract

Samples: Strategic Alliance Agreement (E Loan Inc)

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Initial Term; Renewal. The initial term of this Agreement shall begin on the Effective Date and continue for a period of three (3) years after the Implementation Datethrough July 31, and may be 2007, unless terminated earlier or automatically extended in accordance with the terms thereofhereof. Not less than one hundred twenty (120) 120 days prior to the end of the initial or any renewal term of this Agreement, either party may notify the other party in writing that it desires to terminate this Agreement, effective as of the end of the then current term. If no such written notification is given, this Agreement shall automatically continue with the same terms and conditions as set forth herein for an additional one (1) 1 year term, subject to the right of termination as otherwise provided herein.

Appears in 1 contract

Samples: Services Agreement (Jazz Pharmaceuticals Inc)

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