Common use of Renewal and Extensions Clause in Contracts

Renewal and Extensions. (a) FNT shall have the right to renew (a "Renewal Right") this Agreement upon the expiration of the Initial Term for a single one-year period (the "One Year Renewal Period") or for a single two-year period (the "Two Year Renewal Period"). Each such renewal period is referred to herein as a "Renewal Period". If FNT intends to exercise a Renewal Right, FNT shall provide FIS with a written notice of such intent (a "Renewal Notice") at least six (6) months prior to the Initial Term Expiration Date. FNT's failure to provide the Renewal Notice permitted by this Section 2.2 shall be conclusive evidence of FNT's intent not to exercise a Renewal Right. The Initial Term, along with any Renewal Period, are collectively referred to herein as the "Term". Expiration Date shall be defined as the end of the Term ("Expiration Date").

Appears in 2 contracts

Samples: Master Information Technology Services Agreement (Fidelity National Title Group, Inc.), Master Information Technology Services Agreement (Fidelity National Title Group, Inc.)

AutoNDA by SimpleDocs

Renewal and Extensions. (a) FNT FNF shall have the right to renew (a "Renewal Right") this Agreement upon the expiration of the Initial Term for a single one-year period (the "One Year Renewal Period") or for a single two-year period (the "Two Year Renewal Period"). Each such renewal period is referred to herein as a "Renewal Period". ." If FNT FNF intends to exercise a Renewal Right, FNT FNF shall provide FIS with a written notice of such intent (a "Renewal Notice") at least six (6) months prior to the Initial Term Expiration Date. FNTFNF's failure to provide the Renewal Notice permitted by this Section 2.2 shall be conclusive evidence of FNTFNF's intent not to exercise a Renewal Right. The Initial Term, along with any Renewal Period, Period are collectively referred to herein as the "Term". Expiration Date shall be defined as the end of the Term ("Expiration Date").

Appears in 1 contract

Samples: Master Services Agreement (Fidelity National Information Services, Inc.)

AutoNDA by SimpleDocs

Renewal and Extensions. (a) FNT shall have the right to renew (a "Renewal Right") this Agreement upon the expiration of the Initial Term for a single one-year period (the "One Year Renewal Period") or for a single two-year period (the "Two Year Renewal Period"). Each such renewal period is referred to herein as a "Renewal Period". If FNT intends to exercise a Renewal Right, FNT shall provide FIS with a written notice of such intent (a "Renewal Notice") at least six (6) months prior to the Initial Term Expiration Date. FNT's ’s failure to provide the Renewal Notice permitted by this Section 2.2 shall be conclusive evidence of FNT's ’s intent not to exercise a Renewal Right. The Initial Term, along with any Renewal Period, are collectively referred to herein as the "Term". Expiration Date shall be defined as the end of the Term ("Expiration Date").

Appears in 1 contract

Samples: Master Information Technology Services Agreement (Fidelity National Information Services, Inc.)

Time is Money Join Law Insider Premium to draft better contracts faster.