Common use of CONTRACT PERIOD AND RENEWALS Clause in Contracts

CONTRACT PERIOD AND RENEWALS. The contract shall commence from the date of receipt of all necessary approvals and shall terminate upon the OEM’s Model Year Build-Out Date, or depletion of all stocks, whichever occurs last for the 2015 Model Year of the contract. Contractors will notify OGS, in writing, of the OEM’s Model Year Build-Out Date. Such notification must be submitted immediately upon the Contractor being notified by the OEM.

CONTRACT PERIOD AND RENEWALS. The contract shall commence from the date of receipt of all necessary approvals and shall terminate upon the OEM’s Model Year MY Build-Out Date, or depletion of all stocks, whichever occurs last for the 2015 Model Year of the contract. Contractors will notify OGS, in writing, of the OEM’s Model Year MY Build-Out Date. Such notification must be submitted immediately upon the Contractor being notified by the OEM.