Renew this Agreement Clause Samples

The 'Renew this Agreement' clause outlines the terms and conditions under which an existing contract may be extended beyond its original expiration date. Typically, this clause specifies whether renewal is automatic or requires action by one or both parties, and may detail the notice period, renewal term length, and any changes to terms upon renewal. Its core practical function is to provide a clear process for continuing the contractual relationship, thereby preventing lapses in service or obligations and reducing uncertainty for both parties.
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Renew this Agreement. The Tenant may have the option to renew this Agreement with a total of renewal period(s) with each term being year(s) month(s), which may be exercised by giving written notice to the Landlord no less than 60 days prior to the expiration of this Agreement or renewal period thereafter (“Renewal Periods”). ☐ - Not increase. ☐ - Increase as calculated by multiplying the Rent by the annual change in the Consumer Price Index (CPI) published by the Bureau of Labor Statistics by the most recent publication to the option period start date. ☐ - Increase by % ☐ - Increase by $ . The Initial Term and any renewal periods mentioned shall be collectively referred to as the “Term.”
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Renew this Agreement. The Tenant may have the option to renew this Agreement with a total of [#] renewal period(s) with each term being [#] year(s) [#] month(s), which may be exercised by giving written notice to the Landlord no less than 60 days prior to the expiration of this Agreement or renewal period thereafter (“Renewal Periods”). Rent for each Renewal Period shall: (check one) ☐ - Not increase. ☐ - Increase as calculated by multiplying the Rent by the annual change in the Consumer Price Index (CPI) published by the Bureau of Labor Statistics by the most recent publication to the option period start date. ☐ - Increase by [#]% ☐ - Increase by $[AMOUNT] The Initial Term and any renewal periods mentioned shall be collectively referred to as the “Term.”
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Renew this Agreement. The Tenant/s may have the option to renew this Agreement with a total of __ renewal period(s) with each term being ___ (number of year/s) or ___ (number of month/s), which may be exercised by giving written notice to the Landlord/Landlady no less than 60 days prior to the expiration of this Agreement or renewal period thereafter (“Renewal Periods”). Please choose Option 1 or Option 2 ___ Option 1. Not increase. ___ Option 2. Increase as calculated by multiplying the Rent by the annual change in the Consumer Price Index (CPI) published by the Bureau of Labor Statistics by the most recent publication to the option period start date. Please choose Option 1 or Option 2 ___ Increase by ___ % ___ Increase by ______ (amount) The Initial Term and any renewal periods mentioned shall be collectively referred to as the (“Term”)
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Related to Renew this Agreement

  • NOW THIS AGREEMENT WITNESSES —

  • ENDING THIS AGREEMENT We may end this Agreement, close the Account or limit your right to access the Account at any time without telling you in advance. The Primary Cardholder may also end this Agreement by telling us. Even if this Agreement is cancelled, the Primary Cardholder is still responsible to pay all amounts owing on the Account. When the Agreement ends, benefits, services and coverages will automatically end, or we can cancel or change them at our discretion.

  • CHANGING THIS AGREEMENT We may change any term of the Agreement at any time. If the change results in increased fees for any services, increased liability for you, fewer types of available electronic fund transfers, or stricter limitations on the frequency or dollar amount of transfers, we agree to give you notice of at least 21 days before the effective date of any such change, unless any immediate change is necessary to maintain the security of an account, or our electronic fund transfer system, or for any security reasons. We will post any required notice of change in terms in the quarterly newsletter, on our web site, personal E-mail, or postal mail. If advance notice of the change is not required, and disclosure does not jeopardize the security of the account or our electronic fund transfer system, we will notify you of the change in terms within 30 days after the change becomes effective. Your continued use of any or all of the subject system services indicates your acceptance of the change in terms. We reserve the right to waive, reduce, or reverse charges or fees in individual situations. You acknowledge and agree that the applicable deposit agreements and disclosures govern changes to fees applicable to specific accounts.

  • TERMINATING THIS AGREEMENT You can terminate this Agreement at any time by notifying us in writing and by discontinuing the use of your Logon ID. We can also terminate this Agreement and revoke access to Online Banking at any time. Whether you terminate the Agreement or we terminate the Agreement, the termination will not affect your obligations under this Agreement, even if we allow any transaction to be completed with your Logon ID after this Agreement has been terminated.