Common use of Initial Term; Renewal Terms Clause in Contracts

Initial Term; Renewal Terms. The SaaS Term will commence on the “Commencement Date” indicated in the notice delivered by Eastbay to Client when Eastbay begins making the Software available to the Client via the Internet (the “Commencement Notice”). The SaaS Term shall continue in effect for a period of twelve (12) months following the Commencement Notice (the “Initial Term”), unless sooner terminated as provided in this Agreement. Upon expiration of the Initial Term, the SaaS Term shall automatically renew for successive renewal terms of twelve (12) months each (each a “Renewal Term”) unless sooner terminated as provided in this Agreement, or unless either party gives written notice of termination to the other party at least ninety (90) days prior to the end of the Initial Term or any Renewal Term.

Initial Term; Renewal Terms. The SaaS Term will commence on the “Commencement Date” indicated in the notice delivered by Eastbay SUM+IT to the Client when Eastbay SUM+IT begins making the Software available to the Client via the Internet (the “Commencement Notice”). The SaaS Term shall continue in effect for a period of twelve (12) months following the Commencement Notice (the “Initial Term”), unless sooner terminated as provided in this Agreement. Upon expiration of the Initial Term, the SaaS Term shall automatically renew for successive renewal terms of twelve (12) months each (each a “Renewal Term”) unless sooner terminated as provided in this Agreement, or unless either party gives written notice of termination to the other party at least ninety (9030) days prior to the end of the Initial Term or any Renewal Term.