Renewal Periods means subsequent 12 month periods from the end of the Initial Period or subsequent Renewal Period.
Renewal Periods. The two (2) additional periods of five years each for which Tenant is permitted to extend the Term of this Lease. The Option(s) to Renew terms and conditions are set forth in Exhibit "E" attached hereto.
Examples of Renewal Periods in a sentence
Subsequent Renewal Periods commence upon the expiration of the prior Software Maintenance regardless of when it is purchased.
The Participant acknowledges and agrees that during the Initial Term and any Renewal Periods the Participant shall not transfer under section 1 of the Act any balances of dormant accounts within the meaning of the Act other than to the Reclaim Fund.
The Initial Subscription Term together with any subsequent Renewal Periods shall constitute the “Subscription Term”.
As used throughout this Agreement, all references to the “Term” shall be construed to include the Initial Term, all Renewal Periods, and any Transition Assistance Period.
The “Term” means the Initial Term and all Renewal Periods together.
More Definitions of Renewal Periods
Renewal Periods for which we shall have exercised the options hereafter provided. We shall have seven (7) separate options, each to extend the Term for a Renewal Period. The Initial Period and each Renewal Period are each hereafter sometimes referred to generally as a "Contract Period." Each Renewal Period is hereafter sometimes referred to respectively in chronological order as the "First Renewal Period," "Second Renewal Period," "Third Renewal Period," "Fourth Renewal Period," "Fifth Renewal Period," "Sixth Renewal Period" and "Seventh Renewal Period." We may exercise each option to extend the Term for a Renewal Period by giving you notice of our election to do so at any time prior to the commencement of the Renewal Period for which our option is exercised;
Renewal Periods means the period which follows the end of the Base Period and as to which Lessee and Lessor shall have agreed to renew this Lease pursuant to Section 3(g) hereof.
Renewal Periods. For any renewal period of this Agreement, the parties agree to amend this Annex 3 to establish renewal support and maintenance fees for subsequent periods using the same methodology as for the 2001-2004 years set forth above. ANNEX 4 CUSTOMER SUPPORT AND MAINTENANCE This exhibit describes the support services to be provided by Unisphere and Siemens for the Licensed Software in connection with the Licensing of the Licensed Software under the Agreement. Support and maintenance includes provision of all Updates and New Versions of the Licensed Products.
Renewal Periods. The County reservices the right to renew the PPA for five (5) additional years, one (1) year at a time or any combination thereof, if agreeable to both parties.”
Renewal Periods are: two (2) periods of 5 years each.
Renewal Periods either party may set off amounts owed to it hereunder against amounts owed by it hereunder.
Renewal Periods for which we shall have exercised the options hereafter provided. We shall have three (3) separate options, each to extend the Term for a Renewal Period. The Initial Period and each Renewal Period are each hereafter sometimes referred to generally as a "Contract Period." Each Renewal Period is hereafter sometimes referred to respectively in chronological order as the "First Renewal Period," "Second Renewal Period," and "Third Renewal Period." We may exercise each option to extend the Term for a Renewal Period by giving you notice of our election to do so at any time prior to the commencement of the Renewal Period for which our option is exercised;