Common use of Term of Agreement and Renewal Clause in Contracts

Term of Agreement and Renewal. This Agreement shall commence on the Effective Date and continue to the Expiration Date (“Term”). The Expiration Date of this Agreement shall be extended for additional successive five (5) year periods unless, at least ninety (90) days prior to the Expiration Date or the expiration date of any subsequent extension period, either party notifies the other of its intention not to extend. Upon such notification not to extend, this Agreement shall expire on the Expiration Date or at the expiration date of any extension period.

Appears in 3 contracts

Samples: Agricultural Equipment Sales & Service Agreement (Titan Machinery Inc.), Agricultural Equipment Sales & Service Agreement (Titan Machinery Inc.), Construction Equipment Sales & Service Agreement (Titan Machinery Inc.)

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Term of Agreement and Renewal. This Agreement shall commence on the Effective Date and continue to the Expiration Date (“Term”). The Expiration Date of this Agreement shall be extended for additional successive five (5) one year periods unless, at least ninety (90) days prior to the Expiration Date or the expiration date of any subsequent extension period, either party notifies the other of its intention not to extend. Upon such notification not to extend, this Agreement shall expire on the Expiration Date or at the expiration date of any extension period.

Appears in 1 contract

Samples: Sales Contracts (Titan Machinery Inc.)

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