Common use of DURATION AND TERM Clause in Contracts

DURATION AND TERM. a. This Agreement shall have an “Initial Term” of three (3) years from the date listed in the first paragraph of this Agreement (“Effective Date”) and shall thereafter automatically renew for up to nine (9) successive (3) year renewal terms (each a “Renewal Term”). If not earlier terminated in accordance with its terms, this Agreement shall terminate at the conclusion of the final Renewal Term. b. Upon full execution by all Parties, this Agreement shall replace the prior “Interlocal Agreement for Emergency Dispatch and Communications Services” dated January 15th, 2019 and that prior Interlocal Agreement shall terminate. ▇. ▇▇▇▇ may terminate this Agreement as to either or both of the other Parties by providing two hundred seventy (270) days written notice of termination prior the then current Renewal Term (“Termination Notice”). If ▇▇▇▇ provides Termination Notice to only one Party, this Agreement shall terminate at the end of the then current term as to such noticed Party and shall continue as to the other Party. If ▇▇▇▇ provides Termination Notice to both Parties, the Agreement shall terminate at the end of the then current term. d. Apex or Morrisville may terminate this Agreement by providing Termination Notice to Cary prior to the end of the Initial Term or any Renewal Term. If only one of Apex or Morrisville provide Termination Notice, this Agreement shall terminate at the end of the then current term as to the Party who provided the Termination Notice only. If both Apex and Morrisville provide Termination Notice, this Agreement shall terminate at the end of the then current term.

DURATION AND TERM. a. This Agreement shall have an “Initial Term” of three five (35) years from the date listed in the first paragraph of this Agreement beginning on March 5, 2019 (“Effective Date”) and shall thereafter automatically renew for up to nine twenty (920) successive one (31) year renewal terms (each a “Renewal Term”). If not earlier terminated in accordance with its terms, this Agreement shall terminate at the conclusion of the final Renewal Term. b. Upon full execution by all Partieson March 7, this Agreement shall replace the prior “Interlocal Agreement for Emergency Dispatch and Communications Services” dated January 15th, 2019 and that prior Interlocal Agreement shall terminate2044. ▇. ▇▇▇▇ may terminate this Agreement as to either or both of the other Parties by providing two one hundred seventy eighty (270180) days written notice of termination prior to the end of the Initial Term or the then current Renewal Term (“Termination Notice”). If ▇▇▇▇ Cary provides Termination Notice to only one Party, this Agreement shall terminate at the end of the then current term as to such noticed Party and shall continue as to the other Party. If ▇▇▇▇ Cary provides Termination Notice to both Parties, the Agreement shall terminate at the end of the then current term. Upon a request from a noticed Party, Cary shall extend the termination of Agreement once for an additional ninety (90) days as it relates to the noticed Party. Any further extension shall be at the sole discretion of Cary. d. c. Apex or Morrisville may terminate this Agreement by providing Termination Notice to Cary prior to the end of the Initial Term or any Renewal Term. If only one of Apex or Morrisville provide Termination Notice, this Agreement shall terminate at the end of the then current term as to the Party who provided the Termination Notice only. If both Apex and Morrisville provide Termination Notice, this Agreement shall terminate at the end of the then current term.

DURATION AND TERM. a. This Agreement shall have an “Initial Term” of three (3) years from the date listed in the first paragraph of this Agreement (“Effective Date”) and shall thereafter automatically renew for up to nine (9) successive (3) year renewal terms (each a “Renewal Term”). If not earlier terminated in accordance with its terms, this Agreement shall terminate at the conclusion of the final Renewal Term. b. Upon full execution by all Parties, this Agreement shall replace the prior “Interlocal Agreement for Emergency Dispatch and Communications Services” dated January 15th, 2019 and that prior Interlocal Agreement shall terminate. ▇. ▇▇▇▇ may terminate this Agreement as to either or both of the other Parties by providing two hundred seventy (270) days written notice of termination prior to the then current beginning of the next Renewal Term (“Termination Notice”). If ▇▇▇▇ provides Termination Notice to only one Party, this Agreement shall terminate at the end of the then current term as to such noticed Party and shall continue as to the other Party. If ▇▇▇▇ provides Termination Notice to both Parties, the Agreement shall terminate at the end of the then current term. d. Apex or Morrisville may terminate this Agreement by providing Termination Notice to Cary prior to the end of the Initial Term or any Renewal Term. If only one of Apex or Morrisville provide Termination Notice, this Agreement shall terminate at the end of the then current term as to the Party who provided the Termination Notice only. If both Apex and Morrisville provide Termination Notice, this Agreement shall terminate at the end of the then current term.