Renewal Beyond Initial Term Clause Samples
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Renewal Beyond Initial Term. If Copa desires to extend the term of this Agreement beyond the Initial Term, Copa shall give GE written notice of its desire to extend at least one hundred twenty (120) days prior to the expiration date of the Initial Term. Upon GE's proposal for pricing for such extended term and mutual agreement of the parties, the term of the Agreement shall be extended for a period of sixty (60) months. Should the term be extended as described herein, Copa shall have an option for an additional extension of sixty (60) month term on the same basis.
Renewal Beyond Initial Term. If Customer desires to extend the term of this Agreement beyond the Initial Term, Customer shall give GE written notice of its desire to extend at least one hundred eighty (180) Days prior to the expiration date of the Initial Term. Within thirty (30) Days of receipt of such notice, GE shall, at its option, submit a proposal to Customer which shall specify the extended term and any amendment to pricing and other terms and conditions. Customer and GE shall endeavour to renew the Agreement a minimum of ninety (90) Days prior to the expiration date of the Initial Term. Any further extension shall be subject to the same process. *** Represents material which has been redacted and filed separately with the Commission pursuant to a request for confidential treatment pursuant to Rule 24b-2 of the Securities Exchange Act of 1934, as amended.