Common use of Purchase Term Clause in Contracts

Purchase Term. The "Purchase Term" shall mean the ten (10) year period that begins on the date the first order for Products is shipped after the date first appearing above. In the event that neither party gives the other written notice eighteen (18) months prior to the end of the initial ten (10) year Purchase Term, the Agreement shall automatically be extended so that after the end of the initial Purchase Term the Agreement may be terminated only upon eighteen (18) months prior written notice by Lannett or **** to the other.

Purchase Term. The "Purchase Term" shall mean the ten (10) year period that begins on the date the first order for Products is shipped after the date first appearing above. In the event that neither party gives the other written notice eighteen (18) months prior to the end of the initial ten (10) year Purchase Term, the Agreement shall automatically be extended so that after the end of the initial Purchase Term the Agreement may be terminated only upon eighteen (18) months prior written notice by Lannett or **** _______ to the other.

Purchase Term. The "Purchase Term" shall mean the ten five (105) year period that begins on the date the first order for Products is shipped after the date first appearing above. In the event that neither party gives the other written notice eighteen six (186) months prior to the end of the initial ten five (105) year Purchase Term, the Agreement shall automatically be extended so that after the end of the initial Purchase Term the Agreement may be terminated only upon eighteen six (186) months prior written notice by Lannett or **** _______ to the other.

Purchase Term. The "Purchase Term" shall mean the ten five (105) year period that begins on the date the first order for Products is shipped after the date first appearing above. In the event that neither party gives the other written notice eighteen six (186) months prior to the end of the initial ten five (105) year Purchase Term, the Agreement shall automatically be extended so that after the end of the initial Purchase Term the Agreement may be terminated only upon eighteen six (186) months prior written notice by Lannett or **** MOVA to the other.