Renew Automatically Sample Clauses
The 'Renew Automatically' clause establishes that an agreement will continue for additional terms without requiring explicit action from either party at the end of each term. Typically, this means that unless one party provides advance written notice of their intent not to renew, the contract will automatically extend for a specified period, such as another year. This clause ensures continuity of the contractual relationship and helps prevent accidental lapses in service or coverage due to oversight.
Renew Automatically. If the maturity instruction for your GIC or Term Deposit is automatic renewal, you agree that these Terms and the new Confirmation we issue you at renewal of such GIC or Term Deposit will govern your renewed GIC or Term Deposit.
