Common use of Term and Renewal Options Clause in Contracts

Term and Renewal Options. The term of service is 24 months (Initial Term). Following the expiration of the Initial Term, service under this option will continue on a month-to-month basis subject to the terms and conditions, including rates and discounts set forth under this option (Extension Term). The Company or the Customer may elect to forego the Extension Term by providing the other party written notice at least 60 days prior to the expiration of the Initial Term. Either party may terminate service during the Extension Term by providing the other party at least 60 days prior written notice. Term shall mean the Initial Term and the Extension Term.

Appears in 4 contracts

Samples: enterprise.verizon.com, enterprise.verizon.com, enterprise.verizon.com

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Term and Renewal Options. The term of service is 24 months (Initial Term). Following the expiration of the Initial Term, service under this option will continue on a month-to-month basis subject to the terms and conditions, including rates and discounts set forth under this option (Extension Term). The Company or the Customer may elect to forego the Extension Term by providing the other party written notice at least 60 days prior to the expiration of the Initial Term. Either party may terminate service during the Extension Term by providing the other party at least 60 days prior written notice. Term shall mean the Initial Term and the Extension Term.

Appears in 3 contracts

Samples: enterprise.verizon.com, enterprise.verizon.com, enterprise.verizon.com

Term and Renewal Options. The term of the service is 24 months 36 months. (Initial Term). ) Following the expiration of the Initial Term, service under this option will continue on a month-to-month basis subject to the terms and conditions, including rates and discounts set forth under this option (Extension Term). The Company or the Customer may elect to forego the Extension Term by providing the other party written notice at least 60 days prior to the expiration of the Initial Term. Either party may terminate service during the Extension Term by providing the other party at least 60 days prior written notice. Term shall mean the Initial Term and the Extension Term.

Appears in 2 contracts

Samples: enterprise.verizon.com, enterprise.verizon.com

Term and Renewal Options. The term of service is 24 36 months (Initial Term). Following the expiration of the Initial Term, service under this option will continue on a month-to-month basis subject to the terms and conditions, including rates and discounts set forth under this option (Extension Term). The Company or the Customer may elect to forego the Extension Term by providing the other party written notice at least 60 days prior to the expiration of the Initial Term. Either party may terminate service during the Extension Term by providing the other party at least 60 days prior written notice. Term shall mean the Initial Term and the Extension Term.

Appears in 2 contracts

Samples: enterprise.verizon.com, enterprise.verizon.com

Term and Renewal Options. The term of service is 24 36 months (Initial Term). Following the expiration of the Initial Term, service under this option will continue on a month-to-month basis subject to the terms and conditions, including rates and discounts set forth under this option (Extension Term). The Company or the Customer may elect to forego the Extension Term by providing the other party written notice at least 60 days prior to the expiration of the Initial Term. Either party may terminate service during the Extension Term by providing the other party at least 60 days prior written notice. Term shall mean the Initial Term and the Extension Term.

Appears in 2 contracts

Samples: enterprise.verizon.com, enterprise.verizon.com

Term and Renewal Options. The term of service is 24 months (Initial Term)*. Following the expiration of the Initial Term, service under this option will continue on a month-tofor an additional 3-month basis period subject to the terms and conditions, including rates and discounts set forth under this option (Extension Term). The Company or *For Term, we assume agreement delivered on the same day the Customer may elect to forego signed and billing cycle starts on the Extension Term by providing the other party written notice at least 60 days prior to the expiration first of the Initial Termmonth. Either party Exact Term may terminate service during vary somewhat if agreement delivered later or billing cycle starts after the Extension Term by providing first of the other party at least 60 days prior written noticemonth. Term shall mean the Initial Term and the Extension Term.

Appears in 1 contract

Samples: enterprise.verizon.com

Term and Renewal Options. The term of service is 24 14 months (Initial Term). Following the expiration of the Initial Term, service under this option will continue on a month-to-month basis subject to the terms and conditions, including rates and discounts set forth under this option (Extension Term). The Company or the Customer may elect to forego the Extension Term by providing the other party written notice at least 60 days prior to the expiration of the Initial Term. Either party may terminate service during the Extension Term by providing the other party at least 60 days prior written notice. Term shall mean the Initial Term and the Extension Term.

Appears in 1 contract

Samples: enterprise.verizon.com

Term and Renewal Options. The term of service is 24 months (Initial Term). Following the expiration of the Initial Termterm of service, service under this option will continue on a month-to-month basis subject to the terms and conditions, including rates and discounts set forth under this option (Extension Term). The Company or the Customer may elect to forego the Extension Term by providing the other party written notice at least 60 days prior to the expiration of the Initial Termterm of service. Either party may terminate service during the Extension Term by providing the other party at least 60 days prior written notice. Term shall mean the Initial Term and the Extension Term.

Appears in 1 contract

Samples: enterprise.verizon.com

Term and Renewal Options. The term of service is 24 36 months (Initial Term)*. Following the expiration of the Initial Term, service under this option will continue on a month-to-month basis subject to the terms and conditions, including rates and discounts set forth under this option (Extension Term). The Company or the Customer may elect to forego the Extension Term by providing the other party written notice at least 60 days prior to the expiration of the Initial Term. Either party may terminate service during the Extension Term by providing the other party at least 60 days prior written notice. Term shall mean the Initial Term and the Extension Term.

Appears in 1 contract

Samples: enterprise.verizon.com

Term and Renewal Options. The term of service is 24 months (Initial Term). Following the expiration of the Initial Term, service under this option will continue on a month-to-month basis subject to the terms and conditions, including rates and discounts set forth under this option (Extension Term). The Company or the Customer may elect to forego the Extension Term by providing the other party written notice at least 60 30 days prior to the expiration of the Initial Term. Either party may terminate service during the Extension Term by providing the other party at least 60 30 days prior written notice. Term shall mean the Initial Term and the Extension Term.

Appears in 1 contract

Samples: enterprise.verizon.com

Term and Renewal Options. The term of service is 24 36 months (Initial Term). Following the expiration of the Initial Term, service under this option will continue on a month-to-month basis subject to the terms and conditions, including rates and discounts set forth under this option (Extension Term). The Company or the Customer may elect to forego the Extension Term by providing the other party written notice at least 60 days prior to the expiration of the Initial Term. Either party may terminate service during the Extension Term by providing the other party at least 60 days prior written notice. Term shall mean the Initial Term Period and the Extension TermPeriod.

Appears in 1 contract

Samples: enterprise.verizon.com

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Term and Renewal Options. The term of service is 24 12 months (Initial Term). Following the expiration of the Initial Termterm of service, service under this option will continue on a month-to-month basis subject to the terms and conditions, including rates and discounts set forth under this option (Extension Term). The Company or the Customer may elect to forego the Extension Term by providing the other party written notice at least 60 days prior to the expiration of the Initial Termterm of service. Either party may terminate service during the Extension Term by providing the other party at least 60 days prior written notice. Term shall mean the Initial Term and the Extension Term.

Appears in 1 contract

Samples: enterprise.verizon.com

Term and Renewal Options. The term of service is 24 12 months (Initial Term). Following the expiration of the Initial Term, service under this option will continue on a month-to-month basis subject to the terms and conditions, including rates and discounts set forth under this option (Extension Term). The Company or the Customer may elect to forego the Extension Term by providing the other party written notice at least 60 days prior to the expiration of the Initial Term. Either party may terminate service during the Extension Term by providing the other party at least 60 days prior written notice. Term shall mean the Initial Term and the Extension Term.

Appears in 1 contract

Samples: enterprise.verizon.com

Term and Renewal Options. The term of service is 24 months (Initial Term). ) Following the expiration of the Initial Term, service under this option will continue on a month-to-month basis subject to the terms and conditions, including rates and discounts set forth under this option (Extension Term). The Company or the Customer may elect to forego the Extension Term by providing the other party written notice at least 60 days prior to the expiration of the Initial Term. Either party may terminate service during the Extension Term by providing the other party at least 60 days prior written notice. Term shall mean the Initial Term and the Extension Term.

Appears in 1 contract

Samples: enterprise.verizon.com

Term and Renewal Options. The term of service is 24 twenty-four months (Initial Term). Following the expiration of the Initial Term, service under this option will continue on a month-to-month basis subject to the terms and conditions, including rates and discounts set forth under this option (Extension Term). The Company or the Customer may elect to forego the Extension Term by providing the other party written notice at least 60 days prior to the expiration of the Initial Term. Either party may terminate service during the Extension Term by providing the other party at least 60 days prior written notice. Term shall mean the Initial Term and the Extension Term.

Appears in 1 contract

Samples: enterprise.verizon.com

Term and Renewal Options. The term of service is 24 months (Initial Term)months. Following the expiration of the Initial Term, service under this option will continue on a month-to-month basis basis, subject to the terms and conditions, including rates and discounts set forth under this option (Extension Term). The Company or the Customer may elect to forego the Extension Term by providing the other party written notice at least 60 days prior to the expiration of the Initial Term. Either party may terminate service during the Extension Term by providing the other party at least 60 days prior written notice. Term shall mean the Initial Term, the Extension Term and the Second Extension Term.

Appears in 1 contract

Samples: enterprise.verizon.com

Term and Renewal Options. The term of service is 24 twelve (12) months (Initial Term). Following the expiration of the Initial Term, service under this option will continue on a month-to-month basis subject to the terms and conditions, including rates and discounts set forth under this option (Extension Term). The Company or the Customer may elect to forego the Extension Term by providing the other party written notice at least 60 days prior to the expiration of the Initial Term. Either party may terminate service during the Extension Term by providing the other party at least 60 days prior written notice. Term shall mean the Initial Term and the Extension Term.

Appears in 1 contract

Samples: enterprise.verizon.com

Term and Renewal Options. The term of service is 24 months (Initial Term). Following the expiration of the Initial Term, service under this option will continue on a month-to-month basis subject to the terms and conditions, including rates and discounts set forth under this option (Extension Term). The Company or the Customer may elect to forego the Extension Term by providing the other party written notice at least 60 days prior to the expiration of the Initial Term. Either party may terminate service during the Extension Term by providing the other party at least 60 days prior written notice. Term shall mean the Initial Term Period and the Extension TermPeriod.

Appears in 1 contract

Samples: enterprise.verizon.com

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