Common use of Program Term Clause in Contracts

Program Term. This Agreement shall commence upon the Effective Date and continue until the close of business on January 31, 2026 (the “Initial Renewal Term”). The Agreement shall renew automatically without further action of the parties for successive one (1) year terms (each a “Renewal Term”) unless either party provides notice of termination at least one hundred eighty (180) days prior to the expiration of the Initial Renewal Term or current Renewal Term, as the case may be. The Initial Renewal Term and any subsequent Renewal Term are collectively referred to herein as the “Term”.

Appears in 2 contracts

Samples: Program Agreement (Stein Mart Inc), Program Agreement (Stein Mart Inc)

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Program Term. This Agreement shall commence upon the Effective Date and continue until the close of business on January 31September 30, 2026 2018 (the “Initial Renewal Term”). The Agreement shall renew automatically without further action of the parties for successive one (1) year terms (each a “Renewal Term”) unless either party provides notice of termination at least one hundred and eighty (180) days prior to the expiration of the Initial Renewal Term or current Renewal Term, as the case may be. The Initial Renewal Term and any subsequent Renewal Term are collectively referred to herein as the “Term”.

Appears in 2 contracts

Samples: Program Agreement (Stein Mart Inc), Program Agreement (Stein Mart Inc)

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Program Term. This Agreement shall commence upon the Effective Date and continue until the close end of business on January 31, 2026 the sixtieth month following the Program Commencement Date (the Initial Renewal Term”). The Agreement shall renew automatically without further action of the parties for successive one (1) year terms (each a “Renewal Term”) unless either party provides notice of termination at least one hundred and eighty (180) days prior to the expiration of the Initial Renewal Term or current Renewal Term, as the case may be. The Initial Renewal Term and any subsequent Renewal Term are collectively referred to herein as the “Term”.

Appears in 1 contract

Samples: Stein Mart Inc

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