Common use of Term of Agreement; Renewal Clause in Contracts

Term of Agreement; Renewal. Unless earlier terminated pursuant to this Agreement, the term of this Agreement will commence on January 1, 2012 and continue until December 31, 2016. This Agreement will be renewed automatically for successive five (5)-year periods, unless both Parties agree to terminate it in writing (the initial term and all renewal terms, collectively, the “Term”).

Term of Agreement; Renewal. Unless earlier terminated pursuant to this Agreement, the term of this Agreement will commence on January 1, 2012 the Effective Date and continue until December 31, 2016for five (5) years. This Agreement will be renewed automatically for successive five (5)-year periods, unless both Parties agree to terminate it in writing (the initial term and all renewal terms, collectively, the “Term”).