TERMS AND CONDITIONS SUPPLEMENT Clause Samples
The "Terms and Conditions Supplement" clause serves to add additional provisions or modify existing terms within a primary agreement. This supplement may introduce new obligations, clarify specific procedures, or address unique circumstances not covered in the main contract, such as updated payment terms or revised delivery schedules. Its core practical function is to ensure that all parties are aware of and agree to any changes or additions, thereby maintaining clarity and preventing misunderstandings regarding the contractual relationship.
TERMS AND CONDITIONS SUPPLEMENT. After expiration of the Initial Term as stated on the Services Agreement, this Agreement shall automatically renew at the current contract rate for twelve (12) month periods (“Renewal Term”) unless either Party terminates this Agreement by providing thirty (30) days advance written notice of termination to the other Party prior to the expiration of the then-current Term. Hereinafter “Term” shall mean collectively Initial and/or Renewal Term. Notwithstanding the foregoing, Cincinnati Bell reserves the right to adjust rates at any time after the expiration of the Initial Term upon sixty (60) days prior written notice to Customer, during which time Customer shall have the right to terminate the Agreement, without incurring termination charges, if Customer does not agree to stated rate adjustment. In the event Customer does not provide written notice of termination during the sixty (60) day period, Customer shall be deemed to accept the rate adjustment.
TERMS AND CONDITIONS SUPPLEMENT. After expiration of the initial term as stated on the Services Agreement sheet, this Agreement shall automatically renew at the current contract rate for twelve (12) month periods unless either party terminates this Agreement by providing thirty (30) days advance written and/or verbal notice of termination to the other party prior to the expiration of the then-current term. Notwithstanding the foregoing, Cincinnati Bell reserves the right to adjust rates at any time after the expiration of the initial term upon sixty (60) days prior written notice to Customer, during which time Customer shall have the right to terminate the Agreement, without incurring termination charges, if Customer does not agree to stated rate adjustment. In the event Customer does not provide written and/or verbal notice of termination during the sixty (60) day period, Customer shall be deemed to accept the rate adjustment.