Common use of Purchase Term Clause in Contracts

Purchase Term. The "Purchase Term" shall mean the five (5) year period that begins on the date the first order for Products is shipped after the date first appearing above. In the event that neither party gives the other written notice six (6) months prior to the end of the initial five (5) year Purchase Term, the Agreement shall automatically be extended so that after the end of the initial Purchase Term the Agreement may be terminated only upon six (6) months prior written notice by Lannett or MOVA to the other.

Purchase Term. The "Purchase Term" shall mean the five (5) year period that begins on the date the first order for Products is shipped after the date first appearing above. In the event that neither party gives the other written notice six (6) months prior to the end of the initial five (5) year Purchase Term, the Agreement shall automatically be extended so that after the end of the initial Purchase Term the Agreement may be terminated only upon six (6) months prior written notice by Lannett or MOVA _______ to the other.

Purchase Term. The "Purchase Term" shall mean the five ten (510) year period that begins on the date the first order for Products is shipped after the date first appearing above. In the event that neither party gives the other written notice six eighteen (618) months prior to the end of the initial five ten (510) year Purchase Term, the Agreement shall automatically be extended so that after the end of the initial Purchase Term the Agreement may be terminated only upon six eighteen (618) months prior written notice by Lannett or MOVA **** to the other.

Purchase Term. The "Purchase Term" shall mean the five ten (510) year period that begins on the date the first order for Products is shipped after the date first appearing above. In the event that neither party gives the other written notice six eighteen (618) months prior to the end of the initial five ten (510) year Purchase Term, the Agreement shall automatically be extended so that after the end of the initial Purchase Term the Agreement may be terminated only upon six eighteen (618) months prior written notice by Lannett or MOVA _______ to the other.