Initial Product Term definition
Examples of Initial Product Term in a sentence
The Long Term Forecast will thereafter be updated every six months (as of June 1 and December 1) during the Initial Product Term.
Product Agreements will automatically renew after the Initial Product Term for successive terms of two Years each unless either party gives written notice to the other party of its intention to terminate the Product Agreement at least 18 months prior to the end of the then current term.
The Product Term for a Product includes the Initial Product Term for such Product and any Product Renewal Term for such Product.
Product Agreements will automatically renew after the Initial Product Term for successive terms of two Years each unless either Party gives written notice to the other Party of its intention to terminate the Product Agreement at least 24 months prior to the end of the then current term, subject to earlier termination in accordance with the terms of this Agreement.
Unless otherwise agreed in a particular Product Agreement, Product Agreements will automatically renew after the Initial Product Term for successive terms of two years each unless either party gives written notice to the other party of its intention to terminate the Product Agreement at least 18 months (the “Product Agreement Non-Renewal Notice Period”) prior to the end of the then current term.
The Long Term Forecast will thereafter be updated every [* * *] during the Initial Product Term.
Product Agreements will automatically renew after the Initial Product Term for successive terms of two Years each unless either party gives written notice to the other party of its intention to terminate the Product Agreement at least 24 months prior to the end of the then current term.
Product Agreements will automatically renew after the Initial Product Term for successive terms of two Years each unless either party gives written notice to the other party of its intention to terminate the Product Agreement at least eighteen (18) months prior to the end of the then current term.
Product Term, is hereby deleted in its entirety and replaced with the following: Initial Product Term: From the Effective Date until December 31, 2022, unless otherwise terminated as set forth in Section 8.2 of the Master Agreement.
The Initial Product Term for a Product begins on the applicable Product Effective Date for such Product.