Common use of Initial Term; Renewal Clause in Contracts

Initial Term; Renewal. The initial term of the Agreement shall be for an eleven (11) year period (the “Initial Term”), beginning on November 18, 2008, the Date of First Delivery. The Initial Term shall be followed by a renewal term (the “Renewal Term”) of slightly more than three years (ending November 30, 2022) that renews automatically for one-year periods unless notice is given by either party at least ninety (90) days prior to the end of the current term.

Appears in 1 contract

Samples: Ethanol Purchase and Sale Agreement (Cardinal Ethanol LLC)

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Initial Term; Renewal. The initial term of the Agreement shall be for an eleven eight (11) 8) year period period, beginning on the Date of First Delivery (the “Initial Term”), beginning on November 18, 2008, the Date of First Delivery. The Initial Term shall be followed by a renewal term terms (the “Renewal TermTerms”) of slightly more than three years one (ending November 30, 20221) year that renews renew automatically for one-year periods unless notice is given by either party at least ninety (90) days prior to the end of the current term. The Date of First Delivery is defined as November 18, 2008.

Appears in 1 contract

Samples: Ethanol Purchase and Sale Agreement (Cardinal Ethanol LLC)

Initial Term; Renewal. The initial term of the Agreement shall be for an eleven a twelve (1112) year month period (the "Initial Term"), beginning on November 18, 2008, the Date of First DeliveryCommencement Date. The Initial Term shall be followed by a renewal term terms (the "Renewal Term”Terms") of slightly more than three years one (ending November 30, 20221) year each that renews renew automatically for one-year periods unless notice is given by either party at least ninety (90) days prior to the end of the current term.

Appears in 1 contract

Samples: Fuel Ethanol Purchase and Sale Agreement (Aemetis, Inc)

Initial Term; Renewal. The initial term of the Agreement shall be for an eleven a seven (117) year period (the “Initial Term”), beginning on November 18, 2008, the Date of First DeliveryDelivery (the "Initial Term"). The Initial Term shall be followed by a renewal term terms (the "Renewal Term”Terms") of slightly more than three years one (ending November 30, 20221) year that renews renew automatically for one-year periods unless notice is given by either party at least ninety (90) days prior to the end of the current termany renewal anniversary date.

Appears in 1 contract

Samples: Ethanol Purchase and Sale Agreement (Badger State Ethanol LLC)

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Initial Term; Renewal. The initial term of the Agreement shall be for an eleven (11) year period (the “Initial Term”)period, beginning on November 18, 2008, the Date of First DeliveryDelivery (the "Initial Term"). The Initial Term shall be followed by a renewal term terms (the "Renewal Term") of slightly more than three years one (ending November 30, 20221) year that renews renew automatically for one-year periods unless notice is given by either party at least ninety (90) days prior to the end of the current term. The Date of First Delivery is defined as November 18, 2008.

Appears in 1 contract

Samples: Ethanol Purchase and Sale Agreement (Cardinal Ethanol LLC)

Initial Term; Renewal. The initial term of the Agreement shall be for an eleven a five (115) year period period, beginning on the Date of First Delivery (the “Initial Term”), beginning on November 18, 2008, the Date of First Delivery. The Initial Term shall be followed by a renewal term terms (the “Renewal TermTerms”) of slightly more than three years one (ending November 30, 20221) year that renews renew automatically for one-year periods unless notice is given by either party at least ninety (90) days prior to the end of the current term.

Appears in 1 contract

Samples: Ethanol Purchase and Sale Agreement (Cardinal Ethanol LLC)

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