Term and Renewal definition

Term and Renewal. Is deleted in its entirety and replaced with the following: The “Term” of this Agreement shall begin on the Effective Date and end on June 30, 2017. Thereafter, the Agreement may be renewed upon mutual agreement by Contractor and GTA for an additional five (5) year period beginning on July 1, 2017 and end on June 30, 2022. The terms and conditions of this Agreement shall apply during any renewals of the Term. The term of the Services and/or Devices ordered by an Agency hereunder shall begin on receipt of a Purchase Order for each procuring Agency and end upon the completion of the Order.
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Term and Renewal. A new Paragraph II B.(4) is hereby added to the Agreement as follows:
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Term and Renewal shall hereby be amended as follows:
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Examples of Term and Renewal in a sentence

  • The Initial Term and Renewal Terms are collectively referred to as the “Term”.

  • In the instance of Webex Enterprise Edition Services; Named User licenses shall automatically rollover for successive twelve (12) months terms (each a “Renewal Term”; the Initial Term and Renewal Terms are collectively the “Term”), unless the Customer notifies PGi of its desire to terminate the Agreement by written notice not less than 60 days prior to the end of the “Term”.

  • The Initial Term and Renewal Period rate is exclusive of all applicable NGDU related taxes and charges (including the application Transition Rider or similar charge, if applicable) as applicable.

  • The Initial Term and Renewal Term are collectively referred to as the “Term”.

  • The Initial Term and Renewal Term, if any, shall be referred to in this Schedule as the “Term”.

  • The Initial Term and Renewal Terms for an Order Form together shall constitute the “Term” for that Order Form.

  • If you are a Marketing Client, you acknowledge that you are required to pay the full amount due for the Services each month through the Initial Term and Renewal Terms at no less than the monthly recurring marketing total listed in your Service Agreement.

  • Orders shall be (a) deemed entered into by, and shall become effective and legally binding on, the Parties upon execution or completion of an electronic 8x8 process by Customer and (b) coterminous with the Agreement (i.e., shall terminate, renew, and/or expire at the same time as the Agreement, in accordance with Sections 11 (Term and Renewal) and 12 (Termination)).

  • The final DCF valuation shall take into consideration NPV of future cash flows over the Initial Term and Renewal Period and may be adjusted for any market conditions that apply to companies of similar characteristics with respect to market space, company maturity, cash flow profile and general market conditions.

  • Cash Flows In. Cash flows in (revenue) will be calculated using Genworth Group payments as of the valuation date and projected forward over the Initial Term and Renewal Period, taking into account any future contractual margin reductions, historical volume trends, and any known events as documented in the most recent quarterly capacity management processes.


More Definitions of Term and Renewal

Term and Renewal. The term ("Term") of this contract shall be the length of the current calendar year of the join date listed above or any period of time from which member has paid annual dues in advance (not to exceed 12 months). Thereafter, the Term automatically shall renew for the same duration as the prior term unless the membership has been canceled. If at any time Member prepays additional monthly, quarterly, or annual dues, the Term shall automatically be extended for the period covered by such prepayment (not to exceed 12 months). Member agrees, authorizes, and directs the Club to continue to access member's bank account or credit card or to invoice member for monthly, quarterly, or annual
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Term and Renewal. This agreement shall be binding on both the City and GAP on an automatic renewable term of five (5) years from the effective date of this MOU. This agreement and any successive term(s) shall be predicated upon mutually agreed upon review of the terms and conditions set forth herein and modified from time to time as appropriate. If any of the parties desire to terminate this MOU, they will provide the other party said notice of termination in writing sixty (60) days prior to the then renewal date. If the MOU is not renewed the sculptures will be removed at the expense of GAP.
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Term and Renewal is deleted in its entirety and replaced by the following:
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Related to Term and Renewal

  • Initial Term has the meaning set forth in Section 7.1.

  • Renewal means the terms on which the contract of insurance can be renewed on mutual consent with a provision of grace period for treating the renewal continuous for the purpose of gaining credit for pre-existing diseases, time-bound exclusions and for all waiting periods.

  • Term of Agreement for the purposes of this Agreement shall have the meaning ascribed thereto in Article 2.2 of this Agreement;

  • Renewal Term has the meaning set out in Section 9.1.

  • Renewal Period “Buyer” and “Default” have the same meanings respectively as they have in the Water Agreement.

  • Renewal Notice As defined in Section 1.4(a).

  • Period of Agreement means 5 years from the date of Final acceptance of the Project.

  • Minimum Term means the minimum initial period of service for each Service as shown on the Service Agreement and Order Schedule, such period to start on the date on which the relevant Service is first made available to you for use. For the avoidance of doubt, unless otherwise agreed the minimum term will be 12 months from your contract commencement date or other such date as may be notified to you in accordance with paragraph 19.2.

  • Renewal Application means a document used to collect pertinent data for renewal of permits