Examples of Term and Renewal Options in a sentence

Initial Term and Renewal Options – Provide the proposed monthly base rent and operating costs (see definitions above) for the initial term and any renewal options.
Initial Term and Renewal Options – Provide the proposed monthly rent for the initial term and any renewal options.
Term and Renewal Options: The term of service is 36 months (Initial Term).
Term and Renewal Options: The term of service is 36 months (Term).
July 08,,Agreement Change Proposal #20) Term and Renewal Options: The Agreement shall commence on the Commencement Date and continue until the expiration of the fifth Contract Year (the Initial Term), unless it is terminated earlier, as permitted under the agreement.

More Definitions of Term and Renewal Options

Term and Renewal Options. The “Initial Term” shall begin on the Effective Date and end upon the completion 60 months. The Agreement will be automatically extended (“Extended Term”) on a month-to-month basis upon the expiration of the Initial Term, unless either party has delivered written notice of its intent to terminate the Agreement at least sixty (60) days prior to the end of the Initial Term. Either party may terminate this Agreement during the Extended Term upon sixty (60) days prior written notice. Term shall mean the Initial Term and the Extended Term.

Term and Renewal Options. The term of service is 12 months (Initial Term). The Agreement will be automatically extended (“Extended Term”) on a month-to-month basis upon the expiration of the Initial Term, unless either party has delivered written notice of its intent to terminate the Agreement at least 60 days prior to the end of the Initial Term. Either party may terminate the Agreement during the Extended Term upon 60 days prior written notice. Term shall mean the Initial Term and the Extension Term. Minimum Annual Volume Commitment (“AVC”): $87,000 The Customer’s Company service usage during each month of the Extension Term must equal or exceed 1/12 of the AVC (Extension Term AVC).

Term and Renewal Options. The "Term" begins on the effective date of the agreement and ends upon the completion of twelve (12) months. Minimum Annual Volume Commitment (“AVC”). There is no AVC requirement for this agreement. Rates and Charges: Data Services:

Term and Renewal Options. The term of service is 24 months (Initial Term). Following the expiration of the Initial Term, service under this option will continue on a month-to-month basis subject to the terms and conditions, including rates and discounts set forth under this option (Extension Term). Term shall mean the Initial Term, Extension Term and the Conferencing Term. Commencing upon the effective date of the thirtieth amendment, Customer shall have an Audio Conferencing commitment for a period of 36 months.

Term and Renewal Options. The term of service is 36 months. The "Initial Term" begins upon expiration of the Ramp Period (as defined below) and ends upon the completion of 36 months. The "Ramp Period" begins on the Effective Date and continues for a period of 3 months following the Effective Date. Minimum Volume Requirement: Customer agrees to pay Verizon no less than $250,000.00 in Total Service Charges (defined below) during each Contract Year (the “AVC”).

Term and Renewal Options. The term is 60 months (Term). Provided that the Customer is in compliance with its obligations under the agreement, at the Customer's written request at least sixty (60) days prior to the end of the Term, following the expiration of the Term, the Customer may continue to receive services at the rates and discounts provided herein for up to four (4) months (the "Ramp Down Period"). During the Ramp Down Period, the terms and conditions of this agreement will apply except that (i) the MVR will not apply, and (ii) the Company may reduce the reporting, service level agreements and account team support to the standard levels available in the Guide or Tariffs. Minimum Annual Volume Commitment (“MVR”): The Customer will pay the Company no less than $3,750,000 in service usage charges during each annual period of the Term.

Term and Renewal Options. The term of service is thirty-six (36) months (Initial Term). Following the expiration of the Initial Term, service under this option will continue on a month-to-month basis subject to the terms and conditions, including rates and discounts set forth under this option (Extension Term). The Company or the Customer may elect to forego the Extension Term by providing the other party written notice at least 60 days prior to the expiration of the Initial Term. Either party may terminate service during the Extension Term by providing the other party at least 60 days prior written notice. Term shall mean the Initial Term and the Extension Term Commencing on the 5TH Amendment Effective Date, the Term will start anew and continue for a period of 24 months.