Common use of Term and Termination Date Clause in Contracts

Term and Termination Date. This Agreement shall be effective when executed by all of the Parties, shall continue in full force and effect for 24 months thereafter (the “Term”), and shall be further extended automatically annually for an additional 12 month period (the “Renewal Term”), unless Seller provides written notice to Purchaser at least sixty (60) days prior the end of the respective Term or Renewal Term. Notwithstanding the preceding sentence, such termination shall not occur, and the Agreement shall continue as if no notice was given unless, on the Termination Date, Complete Termination has occurred.

Appears in 1 contract

Samples: Invoice Purchase and Security Agreement (Stryve Foods, Inc.)

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Term and Termination Date. This Agreement shall be effective when executed by all of the Parties, shall continue in full force and effect for 24 12 months thereafter (the "Term"), and shall be further extended automatically annually for an additional 12 month period (the "Renewal Term"), unless Seller provides written notice of its intention to Purchaser terminate at least sixty (60) days prior the end of the respective Term or Renewal Term. Notwithstanding the preceding sentence, such termination shall not occur, and the Agreement shall continue as if no notice was given unless, on the Termination Date, Complete Termination Seller has occurredfully repaid Purchaser all Obligations.

Appears in 1 contract

Samples: Invoice Purchase and Security Agreement (Neptune Wellness Solutions Inc.)

Term and Termination Date. This Agreement shall will be effective when executed by all of the Parties, shall will continue in full force and effect for 24 months 1 year thereafter (the “Term”), and shall be further extended automatically annually for an additional 12 month period (the “Renewal Term”), unless Seller provides written notice of its intention to Purchaser terminate at least sixty (60) days 30days prior the end of the respective Term or Renewal Termto each anniversary date. Notwithstanding the preceding sentence, such termination shall not occur, occur and the Agreement shall continue as if no notice was given unless, on or before the Termination Datetermination date, Complete Termination Seller has occurredfully repaid Purchaser all monies due, and delivered to Purchaser the release as required by Section 22. below.

Appears in 1 contract

Samples: Invoice Purchase Agreement (SharedLabs, Inc)

Term and Termination Date. This Agreement shall will be effective when executed by all of the Parties, shall will continue in full force and effect for 24 months 1 year thereafter (the “Term”), and shall be further extended automatically annually for an additional 12 month period (the “Renewal Term”), unless Seller provides written notice of its intention to Purchaser terminate at least sixty (60) 60 days and not greater than 90 days prior the end of the respective Term or Renewal Termto each anniversary date. Notwithstanding the preceding sentence, such termination shall not occur, occur and the Agreement shall continue as if no notice was given unless, on the Termination Datetermination date, Complete Termination Seller has occurredfully repaid Purchaser all monies due, and delivered to Purchaser the release as required by Section 22 below.

Appears in 1 contract

Samples: Invoice Purchase Agreement (Marrone Bio Innovations Inc)

Term and Termination Date. This Agreement shall be effective when executed by all of the Parties, shall continue in full force and effect for 24 12 months thereafter (the “Term”), and shall be further extended automatically annually for an additional 12 month period (the “Renewal Term”), unless Seller provides written notice of its intention to Purchaser terminate at least sixty (60) days prior the end of the respective Term or Renewal Term. Notwithstanding the preceding sentence, Seller’s obligations to pay the Obligations as they may become due shall survive any such termination shall not occur, and the Agreement shall continue as if no notice was given unless, on the Termination Date, Complete Termination has occurred.

Appears in 1 contract

Samples: Invoice Purchase and Sale Agreement (Bluebird Bio, Inc.)

Term and Termination Date. This Agreement shall be effective when executed by all of the Parties, shall continue in full force and effect for 24 12 months thereafter (the "Term"), and shall be further extended automatically annually for an additional 12 month period (the "Renewal Term"), unless Seller provides written notice of its intention to Purchaser terminate at least sixty thirty (6030) days prior the end of the respective Term or Renewal Term. Notwithstanding the preceding sentence, such termination shall not occur, and the Agreement shall continue as if no notice was given unless, on the Termination Date, Complete Termination Seller has occurredfully repaid Purchaser all Obligations.

Appears in 1 contract

Samples: Invoice Purchase and Sale Agreement (Laird Superfood, Inc.)

Term and Termination Date. This Agreement shall be effective when executed by all of the Parties, shall continue in full force and effect for 24 months thereafter execution of the Second Amendment (the "Term"), and shall be further extended automatically annually for an additional 12 month period (the "Renewal Term"), unless Seller provides written notice of its intention to Purchaser terminate at least sixty (60) 60 days prior the end of the respective Term or Renewal Term. Notwithstanding the preceding sentence, such termination shall not occur, and the Agreement shall continue as if no notice was given unless, on the Termination Date, Complete Termination has occurred.

Appears in 1 contract

Samples: Invoice Purchase and Security Agreement (Stryve Foods, Inc.)

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Term and Termination Date. This Agreement shall be effective when executed by all of the Parties, shall continue in full force and effect effect for 24 12 months thereafter (the "Term"), and shall be further extended automatically annually for an additional 12 month period (the "Renewal Term"), unless Seller provides written notice of its intention to Purchaser terminate at least sixty (60) days prior to the end of the respective Term or Renewal Term. Notwithstanding the preceding sentence, such termination shall not occur, and the Agreement shall continue as if no notice was given unless, on the Termination Date, Complete Termination Seller has occurredfully repaid Purchaser all Obligations.

Appears in 1 contract

Samples: Invoice Purchase and Sale Agreement (Neptune Wellness Solutions Inc.)

Term and Termination Date. This Agreement shall be effective when executed by all of the Parties, shall continue in full force and effect for 24 thirty-six (36) months thereafter (the "Term"), and shall be further extended automatically annually for an additional 12 month period (the "Renewal Term"), unless Seller provides written notice of its intention to Purchaser terminate at least sixty thirty (6030) days prior the end of the respective Term or Renewal Term. Notwithstanding the preceding sentence, such termination shall not occur, and the Agreement shall continue as if no notice was given unless, on the Termination Date, Complete Termination Seller has occurredfully repaid Purchaser all Obligations.

Appears in 1 contract

Samples: Ledgered Abl Agreement (Veritone, Inc.)

Term and Termination Date. This Agreement shall be effective when executed by all of the Parties, shall continue in full force and effect for 24 twelve (12) months thereafter (the “Term”), and shall be further extended automatically annually for an additional 12 month period (the “Renewal Term”), unless Seller provides written notice of its intention to Purchaser terminate at least sixty (s i x t y ( 60) days prior the end of the respective Term or Renewal Term. Notwithstanding the preceding sentence, such termination shall not occur, and the Agreement shall continue as if no notice was given unless, on the Termination Date, Complete Termination Seller has occurredfully repaid Purchaser all Obligations.

Appears in 1 contract

Samples: Invoice Purchase and Security Agreement (Sky Quarry Inc.)

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