ARL Clause Samples
The ARL (Automatic Renewal and Length) clause defines the terms under which a contract will automatically renew at the end of its initial term unless one party provides notice of termination. Typically, this clause specifies the renewal period—such as month-to-month or annual extensions—and outlines the required notice period for opting out of renewal. Its core function is to ensure continuity of the contractual relationship while providing both parties with a clear process for ending the agreement, thereby preventing accidental lapses or unwanted renewals.
ARL. ARL shall not provide any Federal funds to the COLLABORATOR under this Master Agreement.
ARL. Any line of credit arising from the extension of credit by the Originator --- or one of its subsidiaries in the ordinary course of the Originator's business to an Obligor, secured by the accounts receivable of such Obligor, including, without limitation, all monies due or owing and all Interest Collections, Principal Collections and other amounts received from time to time with respect to such loan receivable and all Proceeds thereof.