Common use of Initial Term; Renewal Clause in Contracts

Initial Term; Renewal. The term of this Agreement shall be an initial period of one (1) year, commencing on the date of the first above written. Unless terminated in accordance with Paragraph 8.2, this Agreement shall automatically renew for successive one (1) year periods without the necessity of any further notice or action on the part of either party hereto. (The period of effectiveness of this Agreement, including the initial period and any renewal period, is sometimes referred to herein as the "Term.")

Appears in 1 contract

Samples: Master Factoring Agreement (Plangraphics Inc)

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Initial Term; Renewal. The term of this Agreement shall be an initial period of one two (12) year, years commencing on the date of Effective Date (the first above written“Initial Term”). Unless Thereafter, unless terminated in accordance with Paragraph 8.2, this Agreement shall automatically renew for successive one (1) year periods (“Renewal Terms”) without the necessity of any further notice or action on the part of either party hereto. (The period of effectiveness of As used in this Agreement, including “Term” means the initial total period comprising the Initial Term and any renewal period, is sometimes referred to herein as the "Termand all Renewal Terms.")

Appears in 1 contract

Samples: Master Factoring Agreement (EDUtoons, Inc.)

Initial Term; Renewal. The term of this Agreement shall be an initial period of one (1) year, commencing on the date of the first above written. Unless terminated in accordance with Paragraph 8.2, this Agreement shall automatically renew for successive one (1) year periods without the necessity of any further notice or action on the part of either party hereto. (The period of effectiveness of this Agreement, including the initial period and any renewal period, is sometimes referred to herein as the "Term.")

Appears in 1 contract

Samples: Master Factoring Agreement (Aegis Communications Group Inc)

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Initial Term; Renewal. The term of this Agreement shall be an initial period of one (1) year, commencing on the date of the first above written. Unless terminated in accordance with Paragraph 8.2, this This Agreement shall automatically renew for successive one (1) year periods without the necessity of any further notice or action on the part of either party hereto. (The period of effectiveness of this Agreement, including the initial period term and any renewal periodterm, is sometimes referred to herein as the "TermTERM.")

Appears in 1 contract

Samples: Master Factoring Agreement (USG&E, Inc.)

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