Common use of Term and Renewal Options Clause in Contracts

Term and Renewal Options. The “Initial Term” begins on the Effective Date and ends upon the completion of 24 months. The Agreement will be automatically extended (“Extended Term”) on a month-to-month basis upon the expiration of the Initial Term, unless either party has delivered written notice of its intent to terminate the Agreement at least 60 days prior to the end of the Initial Term. Either party may terminate this Agreement during the Extended Term upon sixty (60) days prior written notice. Term shall mean the Initial Term and the Extended Term. Minimum Annual Volume Commitment (“AVC”): Customer agrees to pay Verizon no less than $ 240,000.00 in Total Service Charges (defined below) during each Contract Year (the “AVC”). A “Contract Year” means each consecutive twelve-month period of the Term starting on the Effective Date. During each monthly billing period of the Extended Term, Customer’s Total Service Charges must equal or exceed 1/12th of the AVC. Rates and Charges:

Term and Renewal Options. The “Initial Term” begins on the Effective Date and ends upon the completion of 24 months. The Agreement will be automatically extended (“Extended Term”) on a month-to-month basis upon the expiration of the Initial Term, unless either party has delivered written notice of its intent to terminate the Agreement at least 60 days prior to the end of the Initial Term. Either party may terminate this Agreement during the Extended Term upon sixty (60) days prior written notice. Term shall mean the Initial Term and the Extended Term. Minimum Annual Volume Commitment (“AVC”): Customer agrees to pay Verizon no less than $ 240,000.00 18,000.00 in Total Service Charges (defined below) during each Contract Year (the “AVC”). A “Contract Year” means each consecutive twelve-month period of the Term starting on the Effective Date. During each monthly billing period of the Extended Term, Customer’s Total Service Charges must equal or exceed 1/12th of the AVC. Rates and Charges:.

Term and Renewal Options. The “Initial Term” begins on the Effective Date and ends upon the completion of 24 36 months. The Agreement will be automatically extended (“Extended Term”) on a month-to-month basis upon the expiration of the Initial Term, unless either party has delivered written notice of its intent to terminate the Agreement at least 60 days prior to the end of the Initial Term. Either party may terminate this Agreement during the Extended Term upon sixty (60) days prior written notice. Term shall mean the Initial Term and the Extended Term. Minimum Annual Volume Commitment (“AVC”): Customer agrees to pay Verizon Company no less than $ 240,000.00 $180,000.00 in Total Service Charges (defined below) during each Contract Year (the “AVC”). A “Contract Year” means each consecutive twelve-month period of the Term starting on the Effective Date. During each monthly billing period of the Extended Term, Customer’s Total Service Charges must equal or exceed 1/12th of the AVC. Rates and Charges:.

Term and Renewal Options. The “Initial Term” begins on the Effective Date and ends upon the completion of 24 36 months. The Agreement will be automatically extended (“Extended Term”) on a month-to-month basis upon the expiration of the Initial Term, unless either party has delivered written notice of its intent to terminate the Agreement at least 60 days prior to the end of the Initial Term. Either party may terminate this Agreement during the Extended Term upon sixty (60) days prior written notice. Term shall mean the Initial Term and the Extended Term. Minimum Annual Volume Commitment (“AVC”): Customer agrees to pay Verizon no less than $ 240,000.00 $180,000.00 in Total Service Charges (defined below) during each Contract Year (the “AVC”). A “Contract Year” means each consecutive twelve-month period of the Term starting on the Effective Date. During each monthly billing period of the Extended Term, Customer’s Total Service Charges must equal or exceed 1/12th of the AVC. Rates and Charges:.