Initial Agreement Term definition
Examples of Initial Agreement Term in a sentence
The Department may, at its sole option, offer the Provider an extension of the Initial Agreement Term for one or more periods up to an additional maximum of 10 years by giving Notice to the Provider not less than 60 Business Days prior to the end of the then current Agreement Term.
Nothing in this Article related to the Initial Agreement Term or the possibility of agreement to an Extended Agreement Term may be construed or applied in any manner to create any expectation that any right or authority related to this Agreement granted by the City/Village to the Vendor shall continue beyond the Initial Agreement Term or an approved Extended Agreement Term.
Initial Agreement Term This Agreement shall become effective on the 24 day of July, 2020 and end on the 30th day of December, 2020.
After the first year of the Initial Agreement Term, Customer may terminate this Agreement and the Term at any time upon at least 30 days prior written notice to Emerald (an “Early Termination”).
All Fees shall remain fixed for the Initial Agreement Term of this Master Software License Agreement.
Customer has the Early Termination right after the first year of the Initial Agreement Term (as described in Section 3), and both parties have the right to not renew the Agreement for a Renewal Term (as also described in Section 3).
This Master Software License Agreement shall become effective on the Effective Date and, unless earlier terminated in accordance with this Master Software License Agreement, shall continue in effect for three (3) years (''Initial Agreement Term").
The [City/Village] and the Vendor may extend the Initial Agreement Term for additional periods of time up to 24 months for each extension, by written agreement approved and executed by each of them (each an “Extended Agreement Term”) (the applicable Initial Agreement Term or Extended Agreement Term is the “Agreement Term”).
Upon expiration of the Initial Agreement Term, the Parties may mutually determine to renew this agreement for an additional period to be mutually determined (the "Renewal Agreement Term", together with the "Initial Agreement Term", the "Agreement Term").
At the end of the Initial Agreement Term, GE and Licensor may mutually agree to renew and extend this Agreement for successive one (1) year terms (the “Agreement Renewal Terms”) in a signed written amendment.