Common use of Term and Renewal Options Clause in Contracts

Term and Renewal Options. The term of service is 48 months (Initial Term). Following the expiration of the Initial Term, service under this option will continue on a month-to-month basis subject to the terms and conditions, including rates and discounts set forth under this option (Extended Term). Term shall mean the Initial Term and the Extended Term

Appears in 1 contract

Samples: enterprise.verizon.com

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Term and Renewal Options. The term of service is 48 twenty-four (24) months (Initial Term). Following the expiration of the Initial Term, service under this option will continue on a month-to-month basis subject to the terms and conditions, including rates and discounts set forth under this option (Extended Extension Term). The Company or the Customer may elect to forego the Extension Term shall mean by providing the other party written notice at least 60 days prior to the expiration of the Initial Term. Either party may terminate service during the Extension Term and by providing the Extended Termother party at least 60 days prior written notice.

Appears in 1 contract

Samples: enterprise.verizon.com

Term and Renewal Options. The term of service is 48 36 months (Initial Term). Following the expiration of the Initial Term, service under this option will continue on a month-to-month basis for 36 months subject to the terms and conditions, including rates and discounts set forth for under this option (Extended Extension Term). The Company or the Customer may elect to forego the Extension Term by providing the other party written notice at least 30 days prior to the expiration of the Initial Term. Term shall mean the Initial Term and the Extended Extension Term.

Appears in 1 contract

Samples: enterprise.verizon.com

Term and Renewal Options. The term of service is 48 12 months (Initial Term). Following the expiration of the Initial Term, the Customer may elect to continue service under this option will continue on a month-to-for 2 additional 12 month basis period subject to the terms and conditions, including rates and discounts set forth under this option (Extended extension Term). Term shall mean the Initial Term and the Extended Term) upon 60 days prior written notice.

Appears in 1 contract

Samples: enterprise.verizon.com

Term and Renewal Options. The term of service is 48 36 months (Initial Termeffective as of November 1, 2004). Following the expiration of the Initial Term or Extension Term, service under this option will continue on a month-to-month basis subject to at the terms and conditions, including rates and discounts set forth under this option (Extended Term)for 180 months. Term shall mean For purposes of this option, 180 days following the expiration of the Initial Term and are defined as the Extended TermRamp Down Period.

Appears in 1 contract

Samples: enterprise.verizon.com

Term and Renewal Options. The term of service is 48 36 months (Initial Term). Following the expiration of the Initial Term, service under this option will continue on a month-to-month basis subject to the terms and conditions, including rates and discounts set forth under this option (Extended Extension Term). The Company or the Customer may elect to forego the Extension Term shall mean by providing the other party written notice at least 60 days prior to the expiration of the Initial Term. Either party may terminate service during the Extension Term and by providing the Extended Termother party at least 60 days prior written notice.

Appears in 1 contract

Samples: enterprise.verizon.com

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Term and Renewal Options. The term of service is 48 months (Initial Term)24 months. Following the expiration of the Initial Termterm of service, service under this option will continue on a month-to-month basis subject to the terms and conditions, including rates and discounts set forth under this option (Extended Extension Term). The Company or the Customer may elect to forego the Extension Term shall mean by providing the Initial other party written notice at least 60 days prior to the expiration of the term of service. Either party may terminate service during the Extension Term and by providing the Extended Termother party at least 60 days prior written notice.

Appears in 1 contract

Samples: enterprise.verizon.com

Term and Renewal Options. The term of service is 48 months twenty four (Initial Term)24) months. Following the expiration of the Initial Term, service under this option will continue on a month-to-month basis subject to the terms and conditions, including rates and discounts set forth under this option (Extended Extension Term). The Company or the Customer may elect to forego the Extension Term shall mean by providing the other party written notice at least 60 days prior to the expiration of the Initial Term. Either party may terminate service during the Extension Term and by providing the Extended Termother party at least 60 days prior written notice.

Appears in 1 contract

Samples: enterprise.verizon.com

Term and Renewal Options. The term of service is 48 months (Initial Term)36 months. Following the expiration of the Initial Termterm of service, service under this option will continue on a month-to-month basis subject to the terms and conditions, including rates and discounts set forth under this option (Extended Extension Term). The Company or the Customer may elect to forego the Extension Term shall mean by providing the Initial other party written notice at least 60 days prior to the expiration of the term of service. Either party may terminate service during the Extension Term and by providing the Extended Termother party at least 60 days prior written notice.

Appears in 1 contract

Samples: enterprise.verizon.com

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