Term Renewal Termination Clause Samples

Term Renewal Termination. A. This MOU shall be effective as of July 1, 2022 (the "Effective Date"), and shall remain in full force and effect until the 5th anniversary of the Effective Date, unless terminated earlier in accordance with this MOU. Unless terminated earlier, this MOU shall automatically renew for additional five-year terms. B. An Institution may terminate this MOU at will solely with respect to such Institution by providing 60 days advance written notice to the other Institutions.

Term Renewal Termination. (a) This Agreement shall become effective on the date hereof and shall continue in operation, unless terminated in accordance with the terms hereof, until the first anniversary of the date hereof (the “Initial Term”). After the Initial Term, this Agreement shall be deemed renewed automatically each year for an additional one-year period (an “Automatic Renewal Term”) unless the Company or the Advisor elects not to renew this Agreement in accordance with Section 10(b) or Section 10(c), respectively, or this Agreement is terminated pursuant to Section 10(d). (b) No later than 90 days prior to the expiration of the Initial Term or any Automatic Renewal Term, upon the affirmative vote of a majority of the Board, the Company may, without cause, deliver written notice to the Advisor informing it of the Company’s intention to decline to renew this Agreement, whereupon this Agreement shall not be renewed and extended and this Agreement shall terminate effective on the anniversary date of this Agreement next following the delivery of such notice. The Company may terminate this Agreement at any time for cause pursuant to Section 10(d) hereof. (c) No later than 90 days prior to the expiration of the Initial Term or the then current Automatic Renewal Term, the Advisor may, without cause, deliver written notice to the Company informing it of the Advisor’s intention to decline to renew this Agreement, whereupon this Agreement shall not be renewed and extended and this Agreement shall terminate effective on the anniversary date of this Agreement next following the delivery of such notice. (d) The Company may terminate this Agreement effective upon at least 30 days’ prior written notice from the Company to the Advisor (i) for Cause, (ii) upon the commencement of any proceeding relating to the Advisor’s Bankruptcy or insolvency, including an order for relief in an involuntary bankruptcy case or the Advisor authorizing or filing a voluntary bankruptcy petition, or (iii) upon the dissolution of the Advisor. The Advisor may terminate this Agreement effective upon at least 30 days’ prior written notice to the Company in the event that the Company shall default in the performance or observance of any material term, condition or covenant contained in this Agreement and such default shall continue for a period of 30 days after written notice thereof specifying such default and requesting that the same be remedied in such 30-day period. (e) The provisions of Section 3(b), Section 6...

Term Renewal Termination. (a) This Agreement shall be for an initial term of five years commencing on the Effective Date (the "Initial Term"). (b) This Agreement shall renew for successive terms of five years each unless at least 30 days prior to the end of the Initial term or then-current renewal term either party notifies the others of its intent to not renew. (c) This Agreement may be terminated by either party: (i) if the other party defaults in any payment to the terminating party and such default continues without a cure for a period of 20 days after the delivery of written notice thereof by the terminating party to the other party; (ii) if the other party defaults in the performance of any material term or condition of this Agreement other than the payment of money and such default continues unremedied for a period of 30 days after the delivery of written notice thereof by the terminating party to the other party. (d) To fully vest in DMG the rights to the Diverse name it has purchased hereunder, upon any termination of this Agreement, DTGroup shall promptly change its corporate and business name to remove the word "Diverse". Furthermore, in such event DTGroup agrees that for a period of two years following termination it will not, without DMG's express written consent, (i) represent the talent who were under contract with DMG at the time of termination, or (ii) operate, directly or through an affiliate, a talent agency located within Los Angeles County.

Term Renewal Termination. A. The term of this AGREEMENT shall extend from the first day of January 2018 and terminate on the 31st day of December, 2018. B. Consideration of funding, renewing or amending the underlying AGREEMENT for subsequent year(s) shall occur as part of the Village Budget process and shall be completed in conjunction with the adoption of the final Village Budget. C. Either party may terminate this AGREEMENT without cause by providing the other party with thirty (30) days advance written notice, sent by certified mail, of their intent to do so. D. If the AGREEMENT is terminated before the end of a calendar year, the VILLAGE shall pay BRIARPATCH a pro-rated amount of the annual rate or BRIARPATCH shall return a pro-rated amount to the VILLAGE within thirty (30) days of such termination.

Term Renewal Termination. The term of this MOU shall commence on the date (the “Initial Effective Date”) SWCD receives written notice from the City, in a form approved by SWCD and in accordance with Sections 5705.41 and 5705.44 of the Ohio Revised Code, as applicable, indicating that the City has agreed to provide funds, in an amount agreed to by the parties, to support SWCD’s general operations for the following 12-month period (the “Initial City Notice”).

Term Renewal Termination. 8.1 The parties acknowledge and agree that, subject to the terms of Paragraph 8.2 below, this Agreement will continue for a period of one (1) year after the effective date hereof, and will automatically renew for successive one (1) year periods, unless terminated or modified by FPA. 8.2 The parties acknowledge and agree that this Agreement may be terminated by FPA under the following circumstances: A. At any time by providing the Chapter with thirty (30) days prior written notice of such termination; B. Upon the filing of a petition of bankruptcy by or against the Chapter which is not dismissed within ninety (90) days after the date filing; C. Upon placement of the assets of the Chapter in the hands of a receiver or an assignment of assets by the Chapter for the benefit of its creditors; D. Upon the voluntary or involuntary dissolution of the Chapter. In the event of termination or dissolution of the Chapter, to the extent allowed under applicable law, all of the assets of the Chapter will be distributed to FPA within 60 days of the date of termination. In the event that the Chapter Board of Directors will fail to act in the manner herein, the state court in which the principal office of this Chapter has been located will make such distribution as herein provided, upon the petition of FPA or other persons having an interest in the Chapter or its assets.

Term Renewal Termination. 2.1 This Agreement shall begin on the Effective Date and shall continue until the last remaining effective Product Schedule expires or is terminated. The term of a Product Schedule shall be set forth in the Product Schedule. 2.2 Subject to Section 2.3, either party may terminate this Agreement or a Product Schedule in the event the other party is in default under Section 8.3 below or any other provision of this Agreement or the respective Product Schedule and fails to cure such default within thirty (30) days of written notice from the other party specifying the nature of such default. 2.3 In the event of a termination of the Agreement and in the event that any Product Schedule is still in effect as of the effective date of such termination, this Agreement shall remain in full force and effect with respect to such Product Schedule and until such Product Schedule is terminated in accordance with the terms set forth in the Product Schedule. 2.4 In the event that legislation, governmental regulations, or industry self-regulation prohibits the delivery or use of a Product, Acxiom may terminate this Agreement or the applicable Product Schedule upon the effective date of such legislation or regulations. In the event of such termination Acxiom shall refund to Customer a portion of the fees paid to date for the Product(s) in question, on a prorated basis, calculated monthly. If Acxiom should voluntarily withdraw a Product due to legislative, regulatory, or industry mandates, Acxiom may terminate this Agreement or the applicable Product Schedule upon six (6) months prior written notice, and Customer shall discontinue using the Data (as defined below) at the end of such six-month period. For purposes of this section, industry, will mean any entity that collects, compiles and/or discloses by means of sale or otherwise information. 2.5 Upon the termination of this Agreement or a Product Schedule for any reason, Customer shall destroy or return to Acxiom the respective Data and any copies thereof and certify in a writing to be delivered to Acxiom within ten (10) business days following such destruction or return that the Customer has fully complied with the requirements of this Section. Upon termination, Customer shall promptly pay to Acxiom any outstanding fees owed to Acxiom. In no event shall Customer be entitled to a refund of amounts paid, except as specifically provided in this Agreement.

Term Renewal Termination. The initial term of this Agreement shall be a period of thirty-six (36) months commencing on the Launch Date, the parties can agree to renew the Agreement for three additional twelve (12) month terms or any other term that is mutually agreed upon. Should the Client or First Billing wish to not have the agreement renewed after expiration of any then-current term, either party will give the other at least ninety (90) day notice prior to the end of such term. The agreement may be cancelled by either party by providing written notice at least 30 days in advance. Services and expenses rendered by First Billing shall be paid through the date of termination of the agreement. The parties further agree that should First Billing for any reason breach this agreement by failing to complete it, that First Billing will be paid for services rendered to date less any costs or damages incurred by the Client, including re-awarding of the contract or necessary duplication of original work. Compensation shall not exceed the maximum amount of this agreement. All work shall be turned over to the Client in the event of termination of this agreement.

Term Renewal Termination. The term of this Agreement shall begin on the day and year first above written, and shall terminate on June 30, 2025. This Agreement may be terminated by either party for convenience at any time for any or no reason upon thirty (30) days written notice.