Term and Renewal Terms Sample Clauses

Term and Renewal Terms. 11.1.1 The Agreement is valid for the Initial Term stated on the first page of the main document of the Agreement. The Agreement will be automatically renewed for consecutive twelve (12) months Renewal Terms unless terminated in writing by either party not less than three (3) months prior to the end of the Initial Term or Renewal Term. 11.1.2 Termination of the Agreement will not affect ongoing Orders, as such will terminate in accordance with the terms of such Order unless stipulated otherwise below. Any terms and conditions set out in the Agreement that are applicable to such Order shall however, remain in full force and effect for the duration of the Order.
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Term and Renewal Terms. This DAA shall be effective for the Term, including any renewal terms, unless terminated earlier pursuant to this Section. This DAA may be renewed at the end of the Term or any renewal term for an additional one (1) year term upon compliance prior to the expiration of the then-current term with the procedure set forth in this DAA and signing of a written agreement between AS and Institution, with Researcher and the members of the Research Team signing the DAA to indicate they have read and acknowledged the terms of this DAA.
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Term and Renewal Terms. Subject to the other provisions of this Section 13, the Agreement shall commence on the Effective Date and has an initial term expiring on the date occurring three (3) years after the Launch Date (the “Term”).
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Term and Renewal Terms. For purposes of this Agreement, Section 13.1 of the MSN Contract is deleted and replaced as follows: Subject to the other provisions of Section 13 of the MSN Contract, this Agreement shall commence on the Effective Date and shall have an initial term expiring on the date occurring three (3) years after the Launch Date the “Initial Term”). Upon expiration of the Initial Term, the Agreement thereafter shall renew for additional one (1) year terms (each such term shall be referred to herein as a “Renewal Term”) subject to written agreement by the Parties on any new terms (including fees) for such Renewal Term. Notwithstanding the foregoing, each Party shall have the option to terminate this Agreement at the end of each Renewal Term, if any, provided that such Party notifies the other Party in writing of its intention not to renew this Agreement at least sixty (60) days prior to the end of the then current Renewal Term; provided, however, that if prior to expiration of a Term, one party sends to the other party an offer of new terms (including fees) for a particular Renewal Term and the receiving party does not accept those terms in writing, then the Renewal Term shall be subject only to the same terms as the previous Term unless one party delivers notice in writing of its intention not to renew this Agreement within the above sixty (60) day time limit in which case the Agreement shall expire. The Initial Term and all subsequent Renewal Terms, if any, shall be collectively referred to herein as the “Term.”
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Term and Renewal Terms. Subject to the other provisions of this Article 18, this Agreement shall commence on the Effective Date and shall have an initial term terminating on the date [****] after the Launch Date (the "INITIAL TERM"). The Agreement thereafter shall be automatically renewed for successive terms of [****] (each such term shall be referred to herein as a "RENEWAL TERM") unless one Party gives the other Party written notice of its intention not to automatically renew this Agreement at least thirty (30) days prior to the scheduled expiration of the Initial Term or any subsequent Renewal Term. The Initial Term and all Renewal Terms shall be referred to herein as the "TERM."
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Term and Renewal Terms. Subject to the other provisions of this Section 13, the Agreement shall commence on the Effective Date and shall have an initial term expiring on the date occurring two (2) years after the Launch Date (the “Initial Term”). Upon expiration of the Initial Term, the Agreement thereafter shall automatically renew for additional one (1) year terms (each such term shall be referred to herein as a “Renewal Term”). Notwithstanding the foregoing, (i) Microsoft shall have the option, at its sole discretion, to terminate this Agreement at the end of the Initial Term provided that Microsoft notifies BI in writing of its intention not to renew this Agreement at least sixty (60) days prior to expiration of the Initial Term; and (ii) each Party shall have the option to terminate this Agreement at the end of each Renewal Term, if any, provided that such Party notifies the other Party in writing of its intention not to renew this Agreement at least sixty (60) days prior to the end of the then current Renewal Term. The Initial Term and all subsequent Renewal Terms, if any, shall be collectively referred to herein as the “Term.”
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Term and Renewal Terms. Subject to the other provisions of this Section 13, the Term of this Agreement shall commence on the Effective Date and expire on December 31, 2005.
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Term and Renewal Terms. The initial term of the Lease shall commence on the date hereof and continue until midnight on the last day of the 144th month following the Rent Commencement Date (as defined in Article VI below) unless this Lease shall be terminated sooner. Lessee shall have the right to renew the term of this Lease for two (2) additional five (5) year periods by delivering written notice thereof to Lessor no later than the one hundred eightieth (180th) calendar day preceding the date of expiration of the original term or extended term hereof, as the case may be, and so long as (x) Lessee is not in default hereunder beyond applicable cure periods as of the date of delivery of such written notice and (y) Lessee is not in default hereunder
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Related to Term and Renewal Terms

  • Initial Term and Renewal This Agreement shall become effective upon its execution and, shall have an initial term of five (5) years. Following the expiration of the initial term, the Agreement shall automatically renew for successive one-year terms until such time that the Agreement is terminated by either Party upon giving the other Party six (6) months’ written notice of termination.

  • Term and Renewal This Agreement shall become effective as of the Effective Date and shall remain in effect for a period of three years from and after the Live Date (the “Initial Term”), and thereafter shall automatically renew for successive three year terms (each such period, a “Renewal Term”) unless terminated by any party giving written notice of non-renewal at least one hundred eighty days prior to the last day of the then current term to each other party hereto.

  • Renewal Terms Immediately following the Initial Term this Agreement shall automatically renew for successive one-year periods (a “Renewal Term”).

  • Term and Renewal Options The term of service is 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 (Extension Term). The Company or the Customer may elect to forego the Extension Term 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 by providing the other party at least 60 days prior written notice. Term shall mean the Initial Term and the Extension Term.

  • Renewal Term If not sooner terminated, this Agreement shall renew at the end of the Initial Term and shall thereafter continue for successive annual periods, provided such continuance is specifically approved at least annually (i) by the Fund’s Board of Trustees or (ii) by a vote of a majority of the outstanding voting securities of the relevant portfolio of the Fund, provided that in either event the continuance is also approved by the majority of the Trustees of the Fund who are not interested persons (as defined in the 0000 Xxx) of any party to this Agreement by vote cast in person at a meeting called for the purpose of voting on such approval. If a plan under Rule 12b-1 of the 1940 Act is in effect, continuance of the plan and this Agreement must be approved at least annually by a majority of the Trustees of the Fund who are not interested persons (as defined in the 0000 Xxx) and have no financial interest in the operation of such plan or in any agreements related to such plan, cast in person at a meeting called for the purpose of voting on such approval.

  • Term and Rent Lessor demises the above premises for a term of twenty years, commencing January 1, 1993, and terminating o December 31, 2012, or sooner as provided herein at the annual rent of Twenty Four Thousand Dollars ($24,000.00), payable in equal installments in advance on the first day of each month for that month's rental, during the term of this lease. All rental payments shall be made to Lessor, at the address specified above.

  • Initial Term The initial term will begin on the date set forth in the Contract documents or on the date the Contract is signed by all Parties, whichever is later.

  • Term and Renewals This Agreement is effective February 1, 2017 (“Effective Date”) and will continue for three (3) years. The Agreement may be renewed by Citizens for one (1), three (3) year renewal period upon prior written notice to Firm.

  • Term and Renewal of Agreements The Agreement with TIPS is for three (3) years with an option for renewal for an additional one (1) consecutive year if both parties agree. TIPS may or may not exercise the one-year extension beyond the base three-year term and whether or not to offer the extension is at the sole discretion of TIPS. The scheduled Agreement termination date shall be the last date of the month of the last month of the agreement’s legal effect. Example: If the agreement is scheduled to end on May 23, the anniversary date of the award, it would actually be extended to May 31 in the last month of the last year the contract is active. No Agreement for goods or services with a TIPS Member by the awarded vendor named in this Agreement that results from the solicitation award named in this Agreement, may incorporate an automatic renewal clause that exceeds month to month terms with which the TIPS Member must comply. All renewal terms incorporated in an Agreement by the vendor with the TIPS Member shall only be valid and enforceable when the vendor receives written confirmation by purchase order, executed Agreement or other written instruction issued by the TIPS Member for any renewal period. The purpose of this clause is to avoid a TIPS Member inadvertently renewing an Agreement during a period in which the governing body of the TIPS Member has not properly appropriated and budgeted the funds to satisfy the Agreement renewal. This term is not negotiable and any Agreement between a TIPS Member and a TIPS awarded vendor with an automatic renewal clause that conflicts with these terms is rendered void and unenforceable.

  • Extension Terms County may, at its sole option, extend the term of this Agreement beyond the Initial Term for up to ___ additional one-year terms at the same rates and under the same terms provided for herein (each such period being an “Extension Term”). County shall notify Contractor of its election for an Extension Term(s) as provided for in §6.

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