R enewal Clause Samples
The Renewal clause defines the terms and conditions under which an agreement may be extended beyond its original expiration date. Typically, this clause specifies whether renewal is automatic or requires notice from one or both parties, and may outline the length of each renewal period and any changes to terms upon renewal. Its core function is to provide a clear process for continuing the contractual relationship, thereby preventing uncertainty or disputes about the contract’s duration and ongoing obligations.
POPULAR SAMPLE Copied 1 times
R enewal. Any letter of credit that is to constitute the Security Fund required hereunder must provide that it will not be cancelled, and will not expire without renewal, except after at least 60 days’ notice to the City of the impending cancellation, or expiration without renewal, of such letter of credit. Any failure to replace or renew a Security Fund letter of credit by a date which is 30 days prior to the impending cancellation or expiration of such a letter of credit will constitute an Event of Default under this Agreement, which the City may cure by (a) drawing on the Security Fund and itself holding the proceeds as a replacement Security Fund (with all withdrawal rights provided under this Agreement) until such time as the Company replaces or renews such letter of credit or (b) exercising any other lawful remedies. Interest earned on proceeds held by the City as a replacement Security Fund will be retained by the City.
R enewal. This Agreement does not grant to the Company any right to renewal of this Agreement or the Franchise granted hereunder. At the end of the Initial Term or any Extended Term, the City will have the sole discretion to renew this Agreement, or not, pursuant to a distinct franchise process under Chapter 14 of the City Charter.
R enewal. This agreement shall be renewable at the end of the current term for a successive length of time term unless either party gives written notice of its intention not to renew thirty (30) days before expiration of the current term.
R enewal. MISMO certification renewal by the Applicant is required at the end of each Certification Period. To renew MISMO certification of its product, the Applicant must submit a new MISMO eMortgage Technology Certification Application along with the applicable application fee. If this Agreement remains in effect, then it is not necessary for the Applicant to submit a new MISMO eMortgage Technology Certification Application Agreement. MISMO will direct the Applicant as to whether a new Questionnaire and supporting documentation must be provided. If the Applicant’s product remains substantially the same as it was the last time it was certified by MISMO, and the applicable MISMO Standards or Certification Requirements also remain substantially the same as they were the last time the product was certified by MISMO, then MISMO may reduce the application fee for renewal. Using the process detailed herein in Section 2, certification renewal confirms that the product complies with the then-current MISMO Standards or Certification Requirements, as applicable. Failure to complete the certification renewal process within 60 days after expiration of the certification will result in removal of the Certified Product from the MISMO Compliance Register and termination of the MISMO Compliance Certification ▇▇▇▇ License Agreement. MISMO will send, as a courtesy, a renewal reminder notice by electronic mail to the Applicant at or about 60 calendar days but no fewer than 45 calendar days prior to the end of the applicable Certification Period. Applicant will be solely liable for ensuring that it renews such product’s certification, and MISMO will not be liable to Applicant should Applicant fail to renew a certification, even if MISMO does not send the reminder notice referred to herein.
R enewal. Except if otherwise provided by your Order Form, at the end of each Subscription Term, the Subscription Services may be renewed upon mutual agreement of Subscriber and ACG for a subsequent Subscription Term equal in length to the then-expiring Subscription Term (each a “Renewal Term”). The Subscription Fees for any Renewal Term will be based on ACG’s then-current pricing.
R enewal. If Lessee, or Lessor, desires that this lease renew at the expiration of its term he must give notification by Octobe 30, .
R enewal. At least sixty (60) days but no more than ninety (90) days prior to the expiration of the then-current Term, Service Provider shall notify COMPANY Customer in writing of the expiration of the current Term and the Fees for renewal. COMPANY Customer may elect to renew the Term at such Fees by providing written notice to Service Provider at any time prior to expiration of the then-current Term. In no event shall the Fees for any Renewal Term increase by more than 20 percent (20%) of the Fee for the previous Term.
R enewal. This Agreement and Provider’s Accreditation will be renewed for successive periods of five (5) years upon the Expiration Date and the expiration of each successive five-year term thereafter under the terms and conditions of this Agreement, unless:
5.2.1 at the time of such renewal, Provider no longer meets the ICANN provider Accreditation criteria then in effect;
5.2.2 Provider is not in compliance with its obligations under this Agreement at the time of the Expiration Date or at the expiration of any successive five (5) year term thereafter;
5.2.3 Provider has been given notice by ICANN of three (3) or more material breaches of this Agreement within the two (2) years preceding the Expiration Date or the date of expiration of any successive five (5) year term thereafter; or
5.2.4 this Agreement has terminated prior to the Expiration Date or the expiration date of any successive five (5) year term thereafter. In the event Provider intends to renew this Agreement pursuant to this Section 5.2, Provider shall provide ICANN written notice thereof during the period that is no more than ninety (90) days and no less than sixty (60) days prior to the Expiration Date and each successive five (5) year term thereafter. The provision of such notice shall not be a condition to renewal hereunder. Pursuant to its customary practices (as may be modified by ICANN), ICANN will provide notice to Provider of the Expiration Date and the date of expiration of any subsequent term hereunder.