Renewed Term Sample Clauses

The Renewed Term clause defines the conditions under which an agreement is automatically extended beyond its original expiration date. Typically, this clause specifies the length of each renewal period, any notice requirements for opting out of renewal, and whether renewal is automatic or requires mutual agreement. Its core practical function is to provide predictability and continuity for both parties, ensuring that the contractual relationship can continue seamlessly unless one party takes action to terminate or renegotiate the agreement.
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Renewed Term. If no notice of termination is given in accordance with Section 10 prior to the expiration of the Term, this Agreement shall automatically renew for a period of one (1) year (“Renewed Term”).
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Renewed Term. Every reference in the Hotel Management Agreement to the Operating Term shall, after expiry of the Current Term, be construed as a reference to the Renewed Term.
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Renewed Term. (a) Immediately following the expiration of the current Term and without further notice, the Term of this Agreement shall be automatically renewed for a further 12 months unless the Service Provider receives written notice terminating this Agreement from the Client at least 60 days prior to the expiration of the current Term. (b) Where the Term of this Agreement is renewed for a further 12 months pursuant to clause 2.4(a), the Service Provider may review the Fees and if the Service Provider wishes to vary the Fees for the renewed term: (i) the Service Provider must give the Client 30 days’ written notice of the variation; (ii) before the expiry of the 30 day notice period provided pursuant to clause 4.4(a), the Client may give written notice to the Service Provider that it does not accept the variation and notifying that it terminates the Agreement with 90 days’ notice, or payment of Fees equivalent to the amount which would be charged over 90 days; (iii) if the Client does not provide notice to the Service Provider before the expiry of the 30 day notice period provided pursuant to clause 2.4(b)(ii), the Client will be deemed to have accepted the variation and it will take effect on the later of: (A) the first day of the renewed term; and (B) the expiry of the 30 day notice period.
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Renewed Term. Any renewed Subscription Term will be the same length as the preceding term or 12 months (whichever is longer).
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Renewed Term. 7.1. Immediately following the expiration of the current Term and without further notice to you, the Term of this Agreement shall, subject to clause 7.2, be automatically renewed for a further ninety (90) days unless: (a) the Owner receives from you written notice of termination of this Agreement at least ninety (90) days prior to the expiration of the current Term that this Agreement will be terminated as at the expiration of the current Term, (b) you return the Goods to the Owner on or before the expiry of the current Term, and (c) the Owner receives from you on or before the expiration of the current Term all monies actually or contingently due under this Agreement. 7.2. The provisions of this clause 7 shall apply in respect of each renewed Term but shall not apply so as to give rise to any renewal of the Term if your rights under this Agreement have been terminated.
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Renewed Term. Every reference in the Lease Agreement to the Term shall be construed as a reference to the Renewed Term.
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Related to Renewed Term

  • Extended Term Tenant shall have the option to extend the Term for two (2) consecutive five (5) year periods (the "FIRST EXTENDED TERM" and "SECOND EXTENDED TERM", respectively) on all the terms and conditions contained in this Lease including, without limitation, continuation of the adjustment of the Base Rent on an annual basis as provided in Section 3.3 below (provided only that upon commencement of the First Extended Term the only remaining option to extend the Term shall be the Second Extended Term and upon exercise of the option with respect to the Second Extended Term, no further right to extend the Term shall exist). Tenant shall deliver, if at all, written notice of its exercise of the option ("OPTION NOTICE") to Landlord at least six (6) months but not more than one (1) year before the expiration of the Term or First Extended Term, as the case may be. In the event Tenant fails to deliver the applicable Option Notice within the time allowed, Landlord shall deliver written notice to Tenant of Tenant's failure to deliver the Option Notice, and Tenant shall then have thirty (30) days from receipt of such notice within which to deliver the Option Notice, if at all, to Landlord. In the event (and only in the event) that, Tenant fails to deliver an Option Notice to Landlord within such thirty (30) days, Tenant shall be considered to have elected not to extend the Term of this Lease and thereafter, Tenant shall have no further right to extend the Term of this Lease. References in this Lease to the "Term" shall include the initial Term of fifteen (15) years and shall, in addition, include the First Extended Term and the Second Extended Term, if applicable.

  • Initial Term The initial term will begin on the date set forth in the Contract documents or on the date the Contract is signed by all Parties, whichever is later.

  • Fixed Term This Agreement is concluded for a fixed term specified in the ‘Contract Term’ section of the Order Form. Neither Party can terminate this Agreement for convenience, however any rights of termination for cause remain unaffected.

  • Original Term The weighted average original term for the Receivables is at least 65 months.

  • Renewal Term If not sooner terminated, this Agreement shall renew at the end of the Initial Term and shall thereafter continue for successive annual periods, provided such continuance is specifically approved at least annually (i) by the Fund’s Board of Trustees or (ii) by a vote of a majority of the outstanding voting securities of the relevant portfolio of the Fund, provided that in either event the continuance is also approved by the majority of the Trustees of the Fund who are not interested persons (as defined in the ▇▇▇▇ ▇▇▇) of any party to this Agreement by vote cast in person at a meeting called for the purpose of voting on such approval. If a plan under Rule 12b-1 of the 1940 Act is in effect, continuance of the plan and this Agreement must be approved at least annually by a majority of the Trustees of the Fund who are not interested persons (as defined in the ▇▇▇▇ ▇▇▇) and have no financial interest in the operation of such plan or in any agreements related to such plan, cast in person at a meeting called for the purpose of voting on such approval.