Common use of Term/Renewal Term Clause in Contracts

Term/Renewal Term. This License Agreement shall continue in effect for the period set forth in the Consortium Agreement. Prior to the end of the any term, ORCID shall provide a renewal notice/invoice to Consortium Leader setting forth the expiration date for the then-current term, the dates of the renewal term, the relevant fees for the renewal term, and the due date for such fees (which shall be net 45 days from the commencement of the renewal term). Consortium Leader shall have 30 days from the date of such renewal notice/invoice to provide a counter-notice to ORCID if it intends not to renew the Consortium Agreement and this License Agreement. Each Renewal Term shall be one (1) year and shall commence the first day following the end the Initial Term or a Renewal Term (unless otherwise set forth in a renewal notice from ORCID). A renewal shall not require signature of the parties, and shall be deemed to have occurred if Consortium Leader does not provide a counter-notice of termination within such 30-day period. Failure to make timely payment in absence of a waiver from ORCID shall result in an automatic termination upon notice from ORCID, effective as of the end of the then-current term.

Term/Renewal Term. This License Agreement shall continue in effect for the period set forth in the Consortium Agreement. Prior to the end of the any term, ORCID shall provide a renewal notice/invoice to Consortium Leader setting forth the expiration date for the then-current term, the dates of the renewal termRenewal Term, the relevant fees for the renewal termRenewal Term, and the due date for such fees (which shall be net 45 days from the commencement of the renewal termRenewal Term), and the list Consortium Members for the Renewal Term. Consortium Leader shall have 30 days from the date of such renewal notice/invoice to (i) provide a counter-notice to ORCID if it intends not to renew the Consortium Agreement and this License AgreementAgreementor (ii) provide ORCID with an updated list of Consortium members for renewal. Each Renewal Term shall be one (1) year and shall commence the first day following the end the Initial Term or a Renewal Term (unless otherwise set forth in a renewal notice from ORCID). A renewal shall not require signature of the parties, and shall be deemed to have occurred if Consortium Leader does not provide a counter-counter- notice of termination within such 30-day period. Fees and membership will be based on the number of Consortium Members set forth in the renewal notice unless Consortium Leader timely provides an updated list of Consortium Members. Failure to make timely payment in absence of a waiver from ORCID shall result in an automatic termination upon notice from ORCID, effective as of the end of the then-current term.

Term/Renewal Term. This License Agreement shall continue in effect for the period set forth in the Consortium Agreement. Prior to the end of the any term, ORCID shall provide a renewal notice/invoice to Consortium Leader setting forth the expiration date for the then-current term, the dates of the renewal termRenewal Term, the relevant fees for the renewal termRenewal Term, and the due date for such fees (which shall be net 45 days from the commencement of the renewal termRenewal Term). Consortium Leader shall have 30 days from the date of such renewal notice/invoice to provide a counter-notice to ORCID if it intends not to renew the Consortium Agreement and this License Agreement. Each Renewal Term shall be one (1) year and shall commence the first day following the end of the Initial Term or a Renewal Term (unless otherwise set forth in a renewal notice from ORCID). A renewal shall not require signature of the parties, and shall be deemed to have occurred if Consortium Leader does not provide a counter-notice of termination within such 30-day period. Failure to make timely payment in absence of a waiver from ORCID shall result in an automatic termination upon notice from ORCID, effective as of the end of the then-then- current term.