Term Termination Effect of Termination and Exclusivity Sample Clauses

Term Termination Effect of Termination and Exclusivity. 4.01 Term. Subject to Section 4.02, the Merchant Agreement will be effective once Servicer accepts it and, unless otherwise terminated, will continue for (3) three years with automatic six- month renewals thereafter until Xxxxxxxx provides written notice of non-renewal given not less than 90 days before the end of the then current term. Subject to Section 5.08, early termination damages will apply as per Section 4.05. However notwithstanding anything to the contrary in sections 4.02 and 4.05, the Merchant may terminate this agreement with or without cause seven (7) days after signing the Merchant Application and Agreement. The term of this Merchant Agreement shall be automatically extended an additional three years in the event of a price decrease or introduction of a new product or service (including but not limited to a terminal upgrade), effective as of the date such price change is implemented or such product/service is accepted by Merchant.
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Term Termination Effect of Termination and Exclusivity 
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Related to Term Termination Effect of Termination and Exclusivity

  • Effect of Termination Upon any expiration of the Term or termination of this Agreement, the obligations and rights of the parties hereto shall cease, provided that such expiration or termination of this Agreement shall not relieve the parties of any obligation or breach of this Agreement accruing prior to such expiration or termination, including, without limitation, all accrued payment obligations arising under Article 6. In addition, Article 5, Article 7, Section 2.12, Section 4.5, and this Section 4.6 shall survive the expiration or termination of this Agreement. For the avoidance of doubt, the rights of Registry Operator to operate the registry for the TLD shall immediately cease upon any expiration of the Term or termination of this Agreement.

  • Effect of Termination Survival If the Service Agreement is terminated, the Provider shall destroy all of LEA’s Student Data pursuant to Article IV, section 6.

  • Term, Termination and Renewal The initial term of this Agreement shall be defined in the Scope of Service or Payment Schedule above. If the services provided are for an annual rate and extend for multiple years, PROFESSIONAL will prorate the first year of the agreement to match the fiscal year for the CLIENT, followed by consecutive, 12-month periods. This Agreement shall automatically renew for successive terms which consist of a twelve (12) month period, subject to earlier termination as set forth in this Agreement or upon written notification by either party thirty (30) days prior to the end of a term. If, for any reason, this Agreement is terminated prior to the end of a term, any waived or discounted fees or specified promotional items provided by PROFESSIONAL shall be invoiced by PROFESSIONAL and paid by CLIENT.

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