Common use of Term and Renewal Clause in Contracts

Term and Renewal. (a) The initial term of this Escrow Agreement shall commence on the date hereof and continue until June 30, 2023 (the "Initial Term"). This Escrow Agreement shall be automatically extended for additional terms of one year (each an "Additional Term") at the end of the Initial Term and at the end of each Additional Term hereunder. The Initial Term and each Additional Term shall be referred to collectively as the “term.” Escrow Agent acting alone or Registry Operator, with the concurrence of ICANN, may terminate this Escrow Agreement at any time upon giving the other parties ninety (90) days notice. (b) In the event Registry Operator gives notice of its intent to terminate pursuant to Section 7(a) above, and ICANN fails to concur according to Section 7(a), ICANN shall be responsible for payment of all subsequent fees and shall have the right to seek reimbursement of such fees from Registry Operator and to terminate this Escrow Agreement at any time upon giving the other parties ninety (90) days notice. (c) In the event of termination of this Escrow Agreement in accordance with Section 7(a) or 7(b) hereof, Registry Operator shall pay all fees due Escrow Agent and shall promptly notify ICANN that this Escrow Agreement has been terminated and that Escrow Agent shall return to Registry Operator all copies of the Deposits then in its possession.

Appears in 7 contracts

Samples: Registry Agreement (Verisign Inc/Ca), Registry Agreement, Escrow Agreement

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Term and Renewal. (a) The initial term of this Escrow Agreement shall commence be two (2) years, commencing on the date hereof and continue until June 30, 2023 (the "Initial Term"). This Escrow Agreement shall be automatically extended for an additional terms term of one year (each an "Additional Term") at the end of the Initial Term and at the end of each Additional Term hereunder. The hereunder unless, on or before ninety (90) days prior to the end of the Initial Term and each or an Additional Term shall be referred to collectively Term, as the “term.” case may be, either (i) Escrow Agent acting alone or Registry Operator(ii) VNDS, with the concurrence of ICANN, may terminate this Escrow Agreement at any time upon giving notifies the other parties ninety (90) days noticethat it wishes to terminate the Agreement at the end of such term. (b) In the event Registry Operator VNDS gives notice of its intent to terminate pursuant to Section Paragraph 7(a) above), and ICANN fails to concur according to Section Paragraph 7(a), ICANN shall be responsible for payment of all subsequent fees in accordance with Exhibit A of Appendix 1 and shall have the right to seek reimbursement of such fees from Registry Operator and to terminate this Escrow Agreement at the end of the Initial Term or any time Additional Term upon giving the other parties ninety (90) days notice. (c) In the event of termination of this Escrow Agreement in accordance with Section Paragraph 7(a) or 7(b) hereof, Registry Operator VNDS shall pay all fees due Escrow Agent and shall promptly notify ICANN that this Escrow Agreement has been terminated and that Escrow Agent shall return to Registry Operator VNDS all copies of the Deposits Deposit Materials and any Additional Deposit then in its possession.

Appears in 4 contracts

Samples: Registry Agreement, Registry Agreement, Registry Agreement

Term and Renewal. (a) The initial term of this Escrow Agreement shall commence on the date hereof and continue until June 30, 2023 [DATE] (the "Initial Term"). This Escrow Agreement shall be automatically extended for additional terms of one year (each an "Additional Term") at the end of the Initial Term and at the end of each Additional Term hereunder. The Initial Term and each Additional Term shall be referred to collectively as the “term.” Escrow Agent acting alone or Registry Operator, with the concurrence of ICANN, may terminate this Escrow Agreement at any time upon giving the other parties ninety (90) days notice. (b) In the event Registry Operator gives notice of its intent to terminate pursuant to Section 7(a) above, and ICANN fails to concur according to Section 7(a), ICANN shall be responsible for payment of all subsequent fees and shall have the right to seek reimbursement of such fees from Registry Operator and to terminate this Escrow Agreement at any time upon giving the other parties ninety (90) days notice. (c) In the event of termination of this Escrow Agreement in accordance with Section 7(a) or 7(b) hereof, Registry Operator shall pay all fees due Escrow Agent and shall promptly notify ICANN that this Escrow Agreement has been terminated and that Escrow Agent shall return to Registry Operator all copies of the Deposits then in its possession.

Appears in 3 contracts

Samples: Registry Agreement (Verisign Inc/Ca), Registry Agreement, Registry Agreement

Term and Renewal. (a) The initial term of this Escrow Agreement shall commence on the date Effective Date hereof and continue until June 30, 2023 for five (5) years thereafter (the "Initial Term"). This Escrow Agreement shall be automatically extended for additional terms of one year (each an "Additional Term") at the end of the Initial Term and at the end of each Additional Term hereunder. The Initial Term and each Additional Term shall be referred to collectively as the “term.” Escrow Agent acting alone or Registry Operator, with the concurrence of ICANN, may terminate this Escrow Agreement at any time upon giving the other parties ninety (90) days notice. (b) In the event Registry Operator gives notice of its intent to terminate pursuant to Section 7(a) above, and ICANN fails to concur according to Section 7(a), ICANN shall be responsible for payment of all subsequent fees and shall have the right to seek reimbursement of such fees from Registry Operator and to terminate this Escrow Agreement at any time upon giving the other parties ninety (90) days notice. (c) In the event of termination of this Escrow Agreement in accordance with Section 7(a) or 7(b) hereof, Registry Operator shall pay all fees due Escrow Agent and shall promptly notify ICANN that this Escrow Agreement has been terminated and that Escrow Agent shall return to Registry Operator all copies of the Deposits then in its possession.

Appears in 3 contracts

Samples: Registry Agreement (Verisign Inc/Ca), Registry Agreement, Registry Agreement

Term and Renewal. (a) The initial term of this Escrow Agreement shall commence on the date hereof and continue until June 30, 2023 (the "Initial Term"). This Escrow Agreement shall be automatically extended for additional terms of one year (each an "Additional Term") at the end of the Initial Term and at the end of each Additional Term hereunder. The Initial Term and each Additional Term shall be referred to collectively as the “term.” Escrow Agent acting alone or Registry Operator, with the concurrence of ICANN, may terminate this Escrow Agreement at any time upon giving the other parties ninety (90) days days’ notice. (b) In the event Registry Operator gives notice of its intent to terminate pursuant to Section 7(a) above, and ICANN fails to concur according to Section 7(a), ICANN shall be responsible for payment of all subsequent fees and shall have the right to seek reimbursement of such fees from Registry Operator and to terminate this Escrow Agreement at any time upon giving the other parties ninety (90) days days’ notice. (c) In the event of termination of this Escrow Agreement in accordance with Section 7(a) or 7(b) hereof, Registry Operator shall pay all fees due Escrow Agent and shall promptly notify ICANN that this Escrow Agreement has been terminated and that Escrow Agent shall return to Registry Operator all copies of the Deposits then in its possession.

Appears in 2 contracts

Samples: Name Registry Agreement, Name Registry Agreement

Term and Renewal. (a) The initial term of this Escrow Agreement shall commence be two (2) years, commencing on the date hereof and continue until June 30, 2023 (the "Initial Term"). This Escrow Agreement shall be automatically extended for an additional terms term of one year (each an "Additional Term") at the end of the Initial Term and at the end of each Additional Term hereunder. The hereunder unless, on or before ninety (90) days prior to the end of the Initial Term and each or an Additional Term shall be referred to collectively Term, as the “term.” case may be, either (i) Escrow Agent acting alone or Registry Operator(ii) VNDS, with the concurrence of ICANN, may terminate this Escrow Agreement at any time upon giving notifies the other parties ninety (90) days noticethat it wishes to terminate the Agreement at the end of such term. (b) In the event Registry Operator VNDS gives notice of its intent to terminate pursuant to Section Paragraph 7(a) above), and ICANN fails to concur according to Section Paragraph 7(a), ICANN shall be responsible for payment of all subsequent fees in accordance with Exhibit A of Appendix 1 and shall have the right to seek reimbursement of such fees from Registry Operator and to terminate this Escrow Agreement at the end of the Initial Term or any time Additional Term upon giving the other parties ninety (90) days notice. (c) In the event of termination of this Escrow Agreement in accordance with Section Paragraph 7(a) or 7(b) hereof, Registry Operator VNDS shall pay all fees due Escrow Agent and shall promptly notify ICANN that this Escrow Agreement has been terminated and that Escrow Agent shall return to Registry Operator VNDS all copies of the Deposits Deposit Materials and any Additional Deposit then in its possession.

Appears in 1 contract

Samples: Registry Agreement (Verisign Inc/Ca)

Term and Renewal. (a) The initial term of this Escrow Agreement shall commence on the date Effective Date hereof and continue until June 30, 2023 for five (5) years thereafter (the "Initial Term"). This Escrow Agreement shall be automatically extended for additional terms of one year (each an "Additional Term") at the end of the Initial Term and at the end of each Additional Term hereunder. The Initial Term and each Additional Term shall be referred to collectively as the “term.” Escrow Agent acting alone or Registry Operator, with the concurrence of ICANN, may terminate this Escrow Agreement at any time upon giving the other parties ninety (90) days notice. (b) . In the event Registry Operator gives notice of its intent to terminate pursuant to Section 7(a) above, and ICANN fails to concur according to Section 7(a), ICANN shall be responsible for payment of all subsequent fees and shall have the right to seek reimbursement of such fees from Registry Operator and to terminate this Escrow Agreement at any time upon giving the other parties ninety (90) days notice. (c) . In the event of termination of this Escrow Agreement in accordance with Section 7(a) or 7(b) hereof, Registry Operator shall pay all fees due Escrow Agent and shall promptly notify ICANN that this Escrow Agreement has been terminated and that Escrow Agent shall return to Registry Operator all copies of the Deposits then in its possession.

Appears in 1 contract

Samples: Registry Agreement

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Term and Renewal. (a) The initial term of this Escrow Agreement shall commence on the date hereof and continue until June 30, 2023 2023[DATE] (the "Initial Term"). This Escrow Agreement shall be automatically extended for additional terms of one year (each an "Additional Term") at the end of the Initial Term and at the end of each Additional Term hereunder. The Initial Term and each Additional Term shall be referred to collectively as the “term.” Escrow Agent acting alone or Registry Operator, with the concurrence of ICANN, may terminate this Escrow Agreement at any time upon giving the other parties ninety (90) days notice. (b) In the event Registry Operator gives notice of its intent to terminate pursuant to Section 7(a) above, and ICANN fails to concur according to Section 7(a), ICANN shall be responsible for payment of all subsequent fees and shall have the right to seek reimbursement of such fees from Registry Operator and to terminate this Escrow Agreement at any time upon giving the other parties ninety (90) days notice. (c) In the event of termination of this Escrow Agreement in accordance with Section 7(a) or 7(b) hereof, Registry Operator shall pay all fees due Escrow Agent and shall promptly notify ICANN that this Escrow Agreement has been terminated and that Escrow Agent shall return to Registry Operator all copies of the Deposits then in its possession.

Appears in 1 contract

Samples: Registry Agreement

Term and Renewal. (a) The initial term of this Escrow Agreement shall commence be two (2) years, commencingcommence on the date hereof and continue until June 30, 2023 (the "Initial Term"). This Escrow Agreement shall be automatically extended for an additional terms of one year (each an "Additional Term") at the end of the Initial Term and at the end of each Additional Term hereunder. The Initial Term and each Additional Term shall be referred to collectively as the “term.” Escrow Agent acting alone or Registry Operator, with the concurrence of ICANN, may terminate this Escrow Agreement at any time upon giving the other parties ninety (90) days notice. (b) In the event Registry Operator gives notice of its intent to terminate pursuant to Paragraph Section 7(a) above, and ICANN fails to concur according to Section Paragraph 7(a), ICANN shall be responsible for payment of all subsequent fees in accordance with Exhibit E and shall have the right to seek reimbursement of such fees from Registry Operator and to terminate this Escrow Agreement at any time upon giving the other parties ninety (90) days notice. (c) In the event of termination of this Escrow Agreement in accordance with Section Paragraph 7(a) or 7(b) hereof, Registry Operator shall pay all fees due Escrow Agent and shall promptly notify ICANN that this Escrow Agreement has been terminated and that Escrow Agent shall return to Registry Operator all copies of the Deposits Deposit Materials and any Additional Deposit then in its possession.

Appears in 1 contract

Samples: Data Escrow Agreement

Term and Renewal. (a) The initial term of this Escrow Agreement shall commence on the date dateEffective Date hereof and continue until June 30, 2023 2023for five (5) years thereafter (the "Initial Term"). This Escrow Agreement shall be automatically extended for additional terms of one year (each an "Additional Term") at the end of the Initial Term and at the end of each Additional Term hereunder. The Initial Term and each Additional Term shall be referred to collectively as the “term.” Escrow Agent acting alone or Registry Operator, with the concurrence of ICANN, may terminate this Escrow Agreement at any time upon giving the other parties ninety (90) days notice. (b) In the event Registry Operator gives notice of its intent to terminate pursuant to Section 7(a) above, and ICANN fails to concur according to Section 7(a), ICANN shall be responsible for payment of all subsequent fees and shall have the right to seek reimbursement of such fees from Registry Operator and to terminate this Escrow Agreement at any time upon giving the other parties ninety (90) days notice. (c) In the event of termination of this Escrow Agreement in accordance with Section 7(a) or 7(b) hereof, Registry Operator shall pay all fees due Escrow Agent and shall promptly notify ICANN that this Escrow Agreement has been terminated and that Escrow Agent shall return to Registry Operator all copies of the Deposits then in its possession.

Appears in 1 contract

Samples: Registry Agreement

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