Common use of Term; Automatic Renewal Clause in Contracts

Term; Automatic Renewal. This Agreement shall become effective upon the execution and delivery hereof by Borrower and Foothill and shall continue in full force and effect for a term ending on the date (the "Renewal Date") that is three (3) years from the Closing Date and automatically shall be renewed for successive one (1) year periods thereafter, unless sooner terminated pursuant to the terms hereof. Either party may terminate this Agreement effective on the Renewal Date or on any one (1) year anniversary of the Renewal Date by giving the other party at least ninety (90) days prior written notice by registered or certified mail, return receipt requested. The foregoing notwithstanding, upon the occurrence and during the continuation of an Event of Default, Foothill shall have the right to terminate its obligations under this Agreement immediately with notice to Borrower of such termination.

Term; Automatic Renewal. This Agreement shall become effective upon the execution and delivery hereof by Borrower and Foothill and shall continue in full force and effect for a term ending on the date (the "Renewal Date") that is three (3) years from the Closing Date and automatically shall be automatically renewed for successive one (1) year periods thereafter, unless sooner terminated pursuant to the terms hereof. Either party may terminate this Agreement effective on the Renewal Date or on any one (1) year anniversary of the Renewal Date by giving the other party at least ninety (90) days prior written notice by registered or certified mail, return receipt requested. The foregoing notwithstanding, upon the occurrence and during the continuation of an Event of Default, Foothill shall have the right to terminate its obligations under this Agreement immediately with and without notice to Borrower upon the occurrence of such terminationan Event of Default.

Term; Automatic Renewal. This Agreement shall become effective upon the execution and delivery hereof by Borrower and Foothill and shall continue in full force and effect for a term ending on the date (the "Renewal Date") that is three (3) years from the Closing Date and automatically shall be renewed for successive one (1) year periods thereafter, unless sooner terminated pursuant to the terms hereof. Either party may terminate this Agreement effective on the Renewal Date or on any one (1) year anniversary of the Renewal Date by giving the other party at least ninety one hundred twenty (90120) days prior written notice by registered or certified mail, return receipt requested. The foregoing notwithstanding, upon the occurrence and during the continuation of an Event of Default, Foothill shall have the right to terminate its obligations under this Agreement immediately with and without notice to Borrower upon the occurrence and during the continuation of such terminationan Event of Default.

Term; Automatic Renewal. This Agreement shall become effective upon the execution and delivery hereof by Borrower and Foothill and shall continue in full force and effect for a term ending on the date (the "Renewal Date") that is three (3) years from the Closing Date and automatically shall be renewed for successive one (1) year periods thereafter, unless sooner terminated pursuant to the terms hereof. Either party may terminate this Agreement effective on the Renewal Date or on any one (1) year anniversary of the Renewal Date by giving the other party at least ninety (90) days prior written notice by registered or certified mail, return receipt requested. The foregoing notwithstanding, upon the occurrence and during the continuation of an Event of Default, Foothill shall have the right to terminate its obligations under this Agreement immediately with and without notice to Borrower upon the occurrence and during the continuation of such terminationan Event of Default.

Term; Automatic Renewal. This Agreement shall become effective upon the execution and delivery hereof by Borrower and Foothill and shall continue in full force and effect for a term ending on the date (the "Renewal Date") that is three five (35) years from the Closing Date and automatically shall be renewed for successive one two (12) year periods thereafter, unless sooner terminated pursuant to the terms hereof. Either party may terminate this Agreement effective on the Renewal Date or on any one two (12) year anniversary of the Renewal Date by giving the other party at least ninety (90) days prior written notice by registered or certified mail, return receipt requested. The foregoing notwithstanding, upon the occurrence and during the continuation of an Event of Default, Foothill shall have the right to terminate its obligations under this Agreement immediately with and without notice to Borrower upon the occurrence and during the continuation of such terminationan Event of Default.