Common use of Term and Termination of Agreement Without Cause Clause in Contracts

Term and Termination of Agreement Without Cause. The term of this Agreement shall commence on the Effective Date and continue for three (3) years (the "Initial Term") from the first day that Processing Services are actually provided for by Bank unless terminated earlier as provided below. After the Initial Term, the Agreement shall automatically extend for additional periods of one year each (a "Renewal Term"). During a Renewal Term, either party may terminate this Agreement for any reason by providing written notice to the other at least 120 days in advance of termination or as provided below.

Appears in 2 contracts

Samples: Odfi Originator Agreement (Nbo Systems Inc), Card Sponsorship Agreement (Nbo Systems Inc)

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Term and Termination of Agreement Without Cause. The term of this Agreement shall commence on the Effective Date and continue for three (3) years (the "Initial Term") from the first day that Processing Services are actually provided for by Bank unless terminated earlier as provided below. After the Initial Term, the Agreement shall automatically extend for additional periods of one year each (a "Renewal Term"). During a Renewal Term, either party may terminate this Agreement for any reason by providing ) based upon written notice to the other at least 120 days in advance approval of termination or as provided belowboth Parties.

Appears in 2 contracts

Samples: Confidential Treatment (Nbo Systems Inc), Marketer Agreement (Nbo Systems Inc)

Term and Termination of Agreement Without Cause. The term of this Agreement shall commence on the Effective Date and continue for three (3) years (the "Initial Term") from the first day that Processing Services are actually provided for by Bank unless terminated earlier as provided below. After the Initial Term, the Agreement shall automatically extend for additional periods of one year each (a "Renewal Term"). During a Renewal Term, either party may terminate this Agreement for any reason by providing written notice to the other at least 120 days in advance of termination or as provided below.

Appears in 1 contract

Samples: Marketer Agreement (Trycera Financial, Inc.)

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Term and Termination of Agreement Without Cause. The term of this Agreement shall commence on the Effective Date and continue for three five (35) years (the "Initial Term") from the first day that Processing Services are actually provided for delivered by Bank unless terminated earlier as provided below. After the Initial Term, the Agreement shall automatically extend for additional periods of one year each (a "Renewal Term"). During a Renewal Term, either party may terminate this Agreement for any reason by providing written notice to the other at least 120 days in advance of termination or as provided below.

Appears in 1 contract

Samples: Card Sponsorship Agreement (Nbo Systems Inc)

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