Specific Terms and Conditions. 2.1 Initial Term The provision of the Service is subject to an Initial Term of 12 years (subject to Client broadcast licence). Prior to the expiry of the Initial Term, the Parties may agree to extend the Initial Term by a further period of 5 years. Prior to the expiry of the Term, the Parties may agree to extend the Term for successive terms of five years. 2.2 Upon Termination of the Agreement, the Parties agree that a Termination Sum will be payable by the Client as follows: (i) in the event the Termination Date is prior to the fifth anniversary of the date of this Agreement, as of the Termination Date, the sum of all future Tariff payments, based upon the most recent Tariff Model as of that date (where the operating charge component of the Tariff will be calculated using the most recent operating charge invoiced to the Client prior to the Termination Date), that would have been payable by the Client from the Termination Date to the fifth anniversary of the date of this Agreement including any Tariff payments due but not yet paid, together with an amount equal to the Tariff payable in the 18 month period immediately preceding the Termination Date; or (ii) in the event the Termination Date is on or after the fifth anniversary of the date of this Agreement the Termination Sum shall be calculated as follows:
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Samples: Wholesale Access Reference Offer, Wholesale Access Reference Offer, Wholesale Access Reference Offer
