Common use of Service Order Term and Renewal Clause in Contracts

Service Order Term and Renewal. The term of the MDR Services will automatically renew annually for subsequent one (1) year terms on the Service Commencement Date, unless either party provides written notice of termination at least sixty (60) days prior to the expiration of the Term or the then current renewal period. Critical Start shall provide to Customer an invoice for the renewal term a minimum of sixty (60) days prior to the term renewal date, detailing any mutually agreed to adjustments to the fees for MDR Services. The price of the MDR Services shall not increase by a value greater than the rate of standard inflation, calculated via the Consumer Price Index, plus 2.9% of the fees for the prior year’s fees for MDR Services. This cap on price increase is applicable only on the MDR Services provided by Critical Start and shall not apply to any price increases resulting from requirements for additional licenses, endpoints, or services, as needed, or for third party services or software.

Service Order Term and Renewal. The term of the MDR Services will automatically renew annually for subsequent one (1) year terms on the Service Commencement Date, unless either party provides written notice of termination at least sixty (60) days prior to the expiration of the Term or the then current renewal period. Critical Start Quzara shall provide to Customer an invoice for the renewal term a minimum of sixty (60) days prior to the term renewal date, detailing any mutually agreed to adjustments to the fees for MDR Services. The price of the MDR Services shall not increase by a value greater than the thanthe rate of standard inflation, calculated via the Consumer Price Index, plus 2.9% of the fees for the prior year’s fees for MDR Services. This cap on price increase is applicable only on the MDR Services provided by Critical Start Quzara and shall not apply to any price increases resulting from requirements for additional licenses, endpoints, or services, as needed, or for third party services or software.