Common use of Renewal of Term Clause in Contracts

Renewal of Term. After the Initial Term, this Agreement may be renewed each year, subject to adjustment of funds and written notice from the UCPR, for an additional one-year period unless the UCPR elects not to renew this Agreement and terminate this agreement in accordance with section 13.5 of this Agreement

Renewal of Term. After the Initial Term, this Agreement may be renewed each year, subject to adjustment of funds and written notice from the UCPR, for an additional one-one- year period unless the UCPR elects not to renew this Agreement and terminate this agreement in accordance with section 13.5 of this Agreement.