Term Renewal and Termination. 14.1. This Agreement shall, with respect to the Portfolio, become effective as of the date first above written and shall remain in force for two years thereafter, and for successive annual periods thereafter but only so long as each such continuance is specifically approved at least annually by (1) a majority of the Directors of the Company who are not parties to this Agreement or interested persons of any such parties (other than as Directors of the Company), by vote cast in person at a meeting called for the purpose of voting on such approval; or (2) a vote of the holders of a majority of the outstanding voting securities (as defined in the 0000 Xxx) of such Portfolio. It shall be the duty of the Directors of the Company to request and evaluate, and the duty of the Manager and Sub-Adviser to furnish, such information as may be reasonably necessary to evaluate the terms of this Agreement and any renewal hereof.
Term Renewal and Termination. The term of this Agreement is one (1) year commencing on the Effective Date. This Agreement will automatically renew each year on the anniversary of the Effective Date, unless otherwise terminated pursuant to the terms hereunder. The Membership Fee for each successive renewal term shall be 5% greater than the preceding term. Either party may terminate this Agreement at any time by providing thirty days written notice to the other. The Agreement will terminate 30 days after the date written notice is delivered to PremierMED. In the event of a termination, the Membership Fee shall be pro-rated as of the termination date. The Member will pay the Membership Fee up to the termination date and if any portion of the Membership Fee has been paid in advance, any unused portion of the Membership Fee, if any, will be refunded to the Member within 30 days following the termination date.
Term Renewal and Termination. Term of the Subscription Licences Addendum. This Subscription Licences Addendum is effective upon acceptance of the terms of this Subscription Licences Addendum by Customer and shall remain in force for the duration of the Agreement. Term of the Subscription Licences. The term of the Subscription Licences starts on the agreed date or, if no date has been agreed, upon AvePoint making the subscription- based Licensed Property available to the Customer. The Subscription Licences shall be valid for the period specified in the applicable Order (the “Subscription Term”) until terminated pursuant to Section 3.3 of this Subscription Addendum. In the event Customer requests additional Subscription Licences or exceeds their allotted Subscription Licences indicated on the applicable Order (“Excess Usage”), AvePoint will invoice Customer, and Customer shall be responsible for payment to AvePoint, for such Excess Usage, which amount shall be determined based on the then-current price per unit (excluding any discounts) of the Subscription Licences and the duration of Excess Usage, unless otherwise agreed in writing between AvePoint and Customer. For avoidance of doubt, all additional Subscription Licences purchased for such Excess Usage shall align with the Subscription Term as defined in the initial Order. Termination of the Subscription Licences. The Subscription Licences shall terminate upon the happening of one or more of the following: