Common use of Second Extension Period Clause in Contracts

Second Extension Period. At the conclusion of the first Extension Period, Customer may elect to extend this Agreement for an additional consecutive twelve (12) months period (the “second Extension Term”) at the rates, discounts, charges and credits set forth in the Agreement. If Customer does not extend this Agreement at the conclusion of the Initial Term, Customer may continue to receive services at Company’s then-standard list and/or Guide rates and charges. Annual Minimum Commitment: $1,080,000 in Customer Usage Charges

Second Extension Period. At the conclusion of the first Extension Period, Customer may elect to extend this Agreement for an additional consecutive twelve (12) months period (the “second Extension Term”) at the rates, discounts, charges and credits set forth in the Agreement. If Customer does not extend this Agreement at the conclusion of the Initial Term, Customer may continue to receive services at Company’s then-standard list and/or Guide rates and charges. Annual Minimum Commitment: $1,080,000 in Customer Usage Charges.