Common use of Initial Term; Renewal Clause in Contracts

Initial Term; Renewal. The term of this Agreement begins on the Effective Date stated on the first page of this Agreement and shall continue for five (5) years, and thereafter for successive one-year renewal terms unless and until terminated in accordance with this Section 8 or any other section of this Agreement. SunGard or Customer may terminate this Agreement at the end of the Initial Term or at the end of any one-year renewal term by giving at least ninety (90) days advance written notice of termination (in accordance with Section 9.1) to the other.

Appears in 4 contracts

Samples: Processing Agreement (Penson Worldwide Inc), Penson Financial (Penson Worldwide Inc), Processing Agreement (Penson Worldwide Inc)

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