Automatically Renew Clause Samples

An Automatically Renew clause stipulates that a contract will continue for additional terms unless one party provides notice of termination before the current term expires. In practice, this means that the agreement renews itself—often for the same duration and under the same conditions—without requiring further action from either party, unless a party actively opts out by giving advance written notice. This clause ensures continuity of the contractual relationship and helps prevent accidental lapses in service or coverage due to oversight.
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Automatically Renew. Upon its expiration, this agreement shall automatically renew each year for additional one-year periods unless either party shall notify the other in writing, not less than sixty (60) days prior to the expiration of the agreement, they intend to modify or terminate the agreement.
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Related to Automatically Renew

  • Policy Renewal/Expiration At least thirty (30) days prior to the expiration of any policy required by this Contract, evidence of renewal or replacement policies of insurance with terms no less favorable to OGS than the expiring policies shall be delivered to OGS in the manner required for service of notice in Paragraph A.3.

  • Automatic Renewal Each Schedule will renew automatically at the end of the then-current Schedule Term for a Schedule Renewal Term unless terminated in accordance with this Agreement by either You or Company.

  • Automatic Extension At the end of the initial term and any subsequent ------------------- term, this Agreement shall automatically renewed for a five (5) year term unless one of the parties provides the other party with written notice of intent not to renew, not less than one hundred eighty (180) day prior to the expiration of the then current term.

  • Initial Term and Renewal This Agreement shall become effective upon its execution and, shall have an initial term of five (5) years. Following the expiration of the initial term, the Agreement shall automatically renew for successive one-year terms until such time that the Agreement is terminated by either Party upon giving the other Party six (6) months’ written notice of termination.

  • Additional Termination Rights 3.1 In addition to any other termination rights in the Agreement, UBS shall have the right to terminate the Agreement on thirty