Examples of Commitment Term in a sentence
The Commitment Term and all subsequent Renewals shall constitute the “Term.” This Agreement will continue until the expiration of the then effective Commitment Term or Renewal, or until earlier terminated in accordance with the terms hereof.
The Membership Fee may also be subject to increase in conjunction with the entry into a Renewal, or new Commitment Term.
The initial Commitment Term will commence on the Start Date and expire at the expiration of the period specified in the section entitled “Commitment Term” in the Membership Information Sheet.
On each annual anniversary of the Start Date the Membership Fee will be subject to an automatic three percent (3%) increase of the previous year’s Membership Fee (regardless of whether the anniversary of the Start Date occurs during a Commitment Term).