Renewal Discussions Sample Clauses
The Renewal Discussions clause outlines the process and expectations for parties to engage in conversations about extending or renewing their agreement before it expires. Typically, this clause sets a timeframe within which renewal talks should begin, such as requiring parties to notify each other of their intent to renew or not renew a contract a certain number of days before the end date. By establishing clear procedures and deadlines for renewal discussions, this clause helps prevent misunderstandings and ensures both parties have adequate time to negotiate terms or make alternative arrangements.
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Renewal Discussions. Provided that no Default or Event of Default has occurred and is continuing, Agent agrees to enter into discussions with Borrower Agent, upon a request from Borrower Agent, regarding an extension of the then applicable Revolver Termination Date to a date that is one year later than the Revolver Termination Date then in effect.
Renewal Discussions. Unless Employee's employment hereunder has been earlier terminated, the parties hereto agree that they will use their reasonable best efforts to enter into discussions six months prior to the fifth anniversary of the effective date of this Agreement with respect to whether and on what terms Employee's employment after such date, and the terms thereof, this Agreement shall automatically terminate on such fifth anniversary.
Renewal Discussions. It is understood by the contractors' signatory to this agreement that if an employee is requested and required to work in areas where damage to approved footwear is incurred, as a result of normal duties, such footwear will be replaced by the Company. A ceiling of $150.00 inclusive of G.S.T. is payable supported by receipts.