Renewal; Termination. (a) Following the expiration of the Initial Term, this Agreement will automatically renew for successive Renewal Terms unless either Party provides notice of non-renewal at least ninety (90) days prior to the end of the then-current term or unless earlier terminated pursuant to this Section 21. (b) At any time without cause, either party may terminate this Agreement upon ninety (90) days prior written notice; provided, however, that if Company terminates this Agreement pursuant to this Section 21(b), Company shall pay an amount equal to (i) $5,000 if terminated during the first six months of the Initial Term or $2,500 if terminated during the sixth through eighteenth month of the Initial Term, plus
Appears in 3 contracts
Samples: Commercial Card Account Agreement, Commercial Card Account Agreement, Commercial Card Account Agreement
Renewal; Termination. (a) Following the expiration of the Initial Term, this Agreement will automatically renew for successive Renewal Terms unless either Party party provides notice of non-renewal at least ninety (90) days prior to the end of the then-current term or unless earlier terminated pursuant to this Section 21.
(b) At any time without cause, either party may terminate this Agreement upon ninety (90) days prior written notice; provided, however, that if Company terminates this Agreement pursuant to this Section 21(b), Company shall pay an amount equal to (i) $5,000 if terminated during the first six months of the Initial Term or $2,500 if terminated during the sixth through eighteenth month of the Initial Term, plus
Appears in 2 contracts
Samples: Visa Commercial Preferred Solution Account Agreement, Visa Commercial Preferred Solution Account Agreement
