Common use of Renewal and Extensions Clause in Contracts

Renewal and Extensions. (a) FNF shall have the right to renew (a “Renewal Right”) this Agreement upon the expiration of the Initial Term for two successive one-year periods. Each such renewal period is referred to herein as a “Renewal Period”. If FNF intends to exercise a Renewal Right, FNF shall provide LPS with a written notice of such intent (a “Renewal Notice”) at least six (6) months prior to the Initial Term Expiration Date, or the expiration date of the initial Renewal Period. FNF’s failure to provide the Renewal Notice permitted by this Section 2.2 shall be conclusive evidence of FNF’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”). (b) Upon receipt by LPS of a Renewal Notice, FNF and LPS shall commence discussions relating to the terms and conditions of this Agreement applicable to the Renewal Period. If, prior to the commencement of a Renewal Period, FNF and LPS have not agreed upon the terms and conditions applicable to this Agreement during such Renewal Period, this Agreement shall be renewed for only the One Year Renewal Period on the terms of this Agreement in effect on the Initial Term Expiration Date. (c) Each Statement of Work arising hereunder shall have an initial term as specified therein but, in the absence of any specification, shall be coextensive with the end of the Initial Term or then-current Renewal Term and, subject to any right of earlier termination, shall thereafter renew (or terminate) on the same dates and subject to the same notice requirements as applicable to this Agreement.

Renewal and Extensions. (a) FNF FNT shall have the right to renew (a “"Renewal Right”") this Agreement upon the expiration of the Initial Term for two successive a single one-year periodsperiod (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 FNF FNT intends to exercise a Renewal Right, FNF FNT shall provide LPS FIS with a written notice of such intent (a “"Renewal Notice”") at least six (6) months prior to the Initial Term Expiration Date, or the expiration date of the initial Renewal Period. FNF’s FNT's failure to provide the Renewal Notice permitted by this Section 2.2 shall be conclusive evidence of FNF’s 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”"). (b) Upon receipt by LPS FIS of a Renewal Notice, FNF FNT and LPS FIS shall commence discussions relating to the terms and conditions of this Agreement applicable to the Renewal Period. If, prior to the commencement of a Renewal Period, FNF FNT and LPS FIS have not agreed upon the terms and conditions applicable to this Agreement during such Renewal Period, this Agreement shall be renewed for only the One Year Renewal Period on the terms of this Agreement in effect on the Initial Term Expiration Date. (c) Each Statement of Work arising hereunder shall have an initial term as specified therein but, in the absence of any specification, shall be coextensive with the end of the Initial Term or then-current Renewal Term and, subject to any right of earlier termination, shall thereafter renew (or terminate) on the same dates and subject to the same notice requirements as applicable to this Agreement.

Renewal and Extensions. (a) FNF FNT shall have the right to renew (a “Renewal Right”) this Agreement upon the expiration of the Initial Term for two successive a single one-year periodsperiod (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 FNF FNT intends to exercise a Renewal Right, FNF FNT shall provide LPS FIS with a written notice of such intent (a “Renewal Notice”) at least six (6) months prior to the Initial Term Expiration Date, or the expiration date of the initial Renewal Period. FNFFNT’s failure to provide the Renewal Notice permitted by this Section 2.2 shall be conclusive evidence of FNFFNT’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”). (b) Upon receipt by LPS FIS of a Renewal Notice, FNF FNT and LPS FIS shall commence discussions relating to the terms and conditions of this Agreement applicable to the Renewal Period. If, prior to the commencement of a Renewal Period, FNF FNT and LPS FIS have not agreed upon the terms and conditions applicable to this Agreement during such Renewal Period, this Agreement shall be renewed for only the One Year Renewal Period on the terms of this Agreement in effect on the Initial Term Expiration Date. (c) Each Statement of Work arising hereunder shall have an initial term as specified therein but, in the absence of any specification, shall be coextensive with the end of the Initial Term or then-current Renewal Term and, subject to any right of earlier termination, shall thereafter renew (or terminate) on the same dates and subject to the same notice requirements as applicable to this Agreement.

Renewal and Extensions. (a) FNF shall have the right to renew (a “"Renewal Right”") this Agreement upon the expiration of the Initial Term for two successive a single one-year periodsperiod (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 FNF intends to exercise a Renewal Right, FNF shall provide LPS FIS with a written notice of such intent (a “"Renewal Notice”") at least six (6) months prior to the Initial Term Expiration Date, or the expiration date of the initial Renewal Period. FNF’s 's failure to provide the Renewal Notice permitted by this Section 2.2 shall be conclusive evidence of FNF’s '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”"). (b) Upon receipt by LPS FIS of a Renewal Notice, FNF and LPS FIS shall commence discussions relating to the terms and conditions of this Agreement applicable to the Renewal Period. If, prior to the commencement of a Renewal Period, FNF and LPS FIS have not agreed upon the terms and conditions applicable to this Agreement during such Renewal Period, this the Agreement shall be renewed for only the One Year Renewal Period on the terms of this Agreement in effect on the Initial Term Expiration Date. (c) Each Statement of Work arising hereunder shall have an initial term as specified therein but, in the absence of any specification, shall be coextensive with the end of the Initial Term or then-current Renewal Term and, subject to any right of earlier termination, shall thereafter renew (or terminate) on the same dates and subject to the same notice requirements as applicable to this Agreement.