Common use of Subsequent Term Clause in Contracts

Subsequent Term. Prior to the Fifth Fiscal Year, the parties are expected to negotiate and agree regarding PARK▇▇'▇ ▇▇▇loyment with LINDSAY for the period after the Fifth Fiscal Year. Failing such negotiations and/or agreement, this Agreement will automatically renew for two additional years, commencing September 1, 2003, and ending on August 31, 2005, unless written notice of intent not to renew is provided by one party to the other party at least six (6) months prior to the end of the Fifth Fiscal Year.

Subsequent Term. Prior to the Fifth Fiscal Year, the parties are expected to negotiate and agree regarding PARK▇▇'▇ ▇▇▇loyment with LINDSAY for the period after the Fifth Fiscal Year. Failing such negotiations and/or agreement, this Agreement will automatically renew for two additional years, commencing September 1, 20032001, and ending on August 31, 20052003, unless written notice of intent not to renew is provided by one party to the other party at least six (6) months prior to the end of the Fifth Fiscal Year.