Common use of TERM; AUTOMATIC EXTENSION Clause in Contracts

TERM; AUTOMATIC EXTENSION. Etc. The initial term of this Agreement shall be one (1) year from the Effective Date. Commencing on the anniversary of the Effective Date, and on each succeeding anniversary, the term of this Agreement shall automatically be extended for one (1) additional year unless, not less than one (1) month preceding such anniversary date, either party to this Agreement shall have given written notice to the other party pursuant to Section 12 of Part Three that such party will not extend the term of this Agreement.

TERM; AUTOMATIC EXTENSION. Etc. The initial term of this Agreement ------------------------------ shall be one (1) year from the Effective Date. Commencing on the anniversary of the Effective Date, and on each succeeding anniversary, the term of this Agreement shall automatically be extended for one (1) additional year unless, not less than one (1) month preceding such anniversary date, either party to this Agreement shall have given written notice to the other party pursuant to Section 12 of Part Three that such party will not extend the term of this Agreement.