Initial and Renewal Terms. This Agreement shall be effective as of the Effective Date and shall continue for one (1) year therefrom. This Agreement shall renew automatically for successive one-year terms unless one party gives the other party thirty (30) days advance written notice before the end of the then-current term. Upon annual payment of its Member Dues or submission of its Contribution, Participant is deemed to have accepted any amendments or modifications to this Agreement in effect at the time of such payment, provided that such amendments or modifications were duly approved by the Board of Directors. Upon written request, DNS-OARC shall make available to Participant a copy of the then-current version of this Agreement and a copy of the Agreement most recently executed by Participant.
Initial and Renewal Terms. The Term of this Agreement shall commence on the Closing Date which shall be on or before October 15, 2000, and shall terminate 30 years thereafter. Notwithstanding the foregoing, this Agreement shall be reviewed annually and the 30 year termination date automatically extended for additional one year periods, unless written notification is given by ACT not less than 60 days prior to October 14, 2001, and each October 14th thereafter. All terms and conditions contained in this Agreement shall remain in full force and effect during the Renewal Term.
Initial and Renewal Terms. The term of this Agreement shall commence on the Effective Date and continue until all Schedule(s) are expired or terminated.
Initial and Renewal Terms. This Agreement shall be effective as of March 1, 2009, for a period of One (1) year therefrom, and shall be automatically extended for additional one (1) year periods unless terminated pursuant to Section 6.2. Either party hereto may, without cause, terminate this Agreement by providing at least sixty (60) days written notice to the other party prior to such termination.
Initial and Renewal Terms. The term of this Agreement will be for a Five (5) year period commencing as of May 1, 1996, and expiring as of April 30, 2001, unless and until terminated as provided in Section 6.2 of this Agreement the ("Term").
Initial and Renewal Terms. Unless terminated earlier in accordance with Article VIII, this Agreement shall have an initial term of four (4) years commencing upon the Effective Date (the “Initial Term”) and shall automatically renew for two (2) successive terms of two (2) years (a “Renewal Term,” collectively, the Initial Term and Renewal Term(s) shall be referred to as the “Term”), unless either party provides notice to the other party of its intent to not renew at least one hundred twenty (120) days prior to the end of the Initial Term or the first Renewal Term.
Initial and Renewal Terms. The initial term of this Agreement (the “Initial Term”), except as otherwise provided in this Agreement, shall commence upon its execution by Franchisor, and shall automatically expire five (5) years from the date Franchisee commences operations of the Franchised Business, unless sooner terminated under the terms of this Agreement. Upon the expiration of the Initial Term, Franchisee shall have the right (the “Renewal Right”) to enter into a new franchise agreement in the form then generally being offered to prospective Fiesta franchisees (the “Renewal Franchise Agreement”) for a five (5) year period (the “Renewal Term”), which Renewal Franchise Agreement shall likewise grant Franchisee the right to enter into one additional franchise agreement in the form then generally being offered to prospective Fiesta franchisees (the “Extension Franchise Agreement”) for a five (5) year period (the “Extension Term”). “Term” means the Initial Term, the Renewal Term and the Extension Term of this Agreement. Franchisee acknowledges that the Commissions and other fees payable to Franchisor during the Renewal Term and Extension Term shall be at the rates then applicable to new franchisees. The term of the Renewal Franchise Agreement and Extension Franchise Agreement, as applicable, shall commence upon the date of the expiration of the Initial Term or the Renewal Term, as applicable; provided, however, that Franchisee comply with each of the conditions for renewal described in Sections 2.2 through 2.4 of this Agreement.
Initial and Renewal Terms. This Agreement shall be effective as October 1, 1996 for a period of five (5) years therefrom.
Initial and Renewal Terms. This Agreement shall be effective as of May 1, 1996 for a period of Fifteen (15) years therefrom.
Initial and Renewal Terms. This Agreement shall become effective as of the Effective Date and shall remain in full force and effect until 12:00 p.m. midnight on the fiftieth (50th) anniversary of the Effective Date (the “Initial Term”), unless earlier terminated as provided in this Article II. This Agreement shall automatically renew for additional successive terms of five (5) years each (the “Renewal Terms”), unless either party gives written notice of non-renewal to the other party not less than ninety (90) days prior to the expiration of the Initial Term or the then-current Renewal Term, as applicable. If such notice is given, this Agreement shall expire as of the last day of the Initial Term or the then-current Renewal Term, as applicable.
