Term, Termination and Renewal. Both Bell and Owner acknowledge and agree that the term of this Agreement is effective as of the date last signed by both parties below and shall continue to run for a period of ten (10) years from the date hereof (the "Term"), Unless a Party provides the other hereto with written notice of its intention not to renew this Agreement at least one hundred and eight (180) days prior to the expiration of the Term or Renewal Term (as defined below), as the case may be, this Agreement shall automatically renew for successive one (1) year renewal terms (the "Renewal Term") on the terms and conditions herein. Either Party may terminate this Agreement: i) for a material breach hereof, where such breach is not cured within thirty (30) days of receipt of written notice by the other party of such breach, or ii) immediately, in the event of bankruptcy, reorganization, assignment, petition or appointment of a trustee or such other act of insolvency of the other party, Upon expiry or earlier termination of this Agreement, Bell shall be allowed thirty (30) days to remove the Equipment.
Appears in 2 contracts
Samples: Letter Agreement, Letter Agreement
Term, Termination and Renewal. Both Bell and Owner acknowledge and agree that the term of this Agreement is effective as of the date last signed by both parties below and shall continue to run for a period of ten (10) years from the date hereof (the "Term"), . Unless a Party provides the other party hereto with \\ith written notice of its intention not to renew this Agreement at least one hundred and eight eighty (180) days prior to the expiration of the Term or Renewal Term (as defined below), . as the case may be, this Agreement shall automatically renew for successive one (1I) year renewal terms (the "Renewal Term") on the terms and conditions herein. Either Party may terminate this Agreement: i) for a material breach hereof, where such breach is not cured within thirty (30) days of receipt of written notice by the other party of such breach, or ii) immediately, in the event of bankruptcy, reorganization, assignment, . petition or appointment of a trustee or such other act of insolvency of the other party, . Upon expiry or earlier termination of this Agreement, Bell shall be allowed thirty (30) days to remove the Equipment.
Appears in 1 contract
Samples: Letter Agreement
Term, Termination and Renewal. Both Bell Xxxx and Owner acknowledge and agree that the term of this Agreement is effective as of the date last signed by both parties below and shall continue to run for a period of ten (10) years from the date hereof (the "Term"), . Unless a Party provides the other party hereto with \\ith written notice of its intention not to renew this Agreement at least one hundred and eight eighty (180) days prior to the expiration of the Term or Renewal Term (as defined below), . as the case may be, this Agreement shall automatically renew for successive one (1I) year renewal terms (the "Renewal Term") on the terms and conditions herein. Either Party may terminate this Agreement: i) for a material breach hereof, where such breach is not cured within thirty (30) days of receipt of written notice by the other party of such breach, or ii) immediately, in the event of bankruptcy, reorganization, assignment, . petition or appointment of a trustee or such other act of insolvency of the other party, . Upon expiry or earlier termination of this Agreement, Bell shall be allowed thirty (30) days to remove the Equipment.
Appears in 1 contract
Samples: Letter Agreement
Term, Termination and Renewal. Both Bell and Owner acknowledge and agree that the term of this Agreement is effective as of the date last signed by both parties below and shall continue to run for a period of ten (10) years from the date hereof (the "Term"), . Unless a Party provides the other party hereto with written notice of its intention not to renew this Agreement at least one hundred and eight eighty (180) days prior to the expiration of the Term or Renewal Term (as defined below), as the case may be, this Agreement shall automatically renew for successive one (1I) year renewal terms (the "Renewal Term") on the terms and conditions herein. Either Party may terminate this Agreement: i) for a material breach hereof, where such I breach is not cured within thirty (30) days of receipt of written notice by the other party of such breach, breach or ii) immediately, in the event of bankruptcy, reorganization, assignment, petition or appointment of a trustee or such other act of insolvency of the other party, . Upon expiry or earlier termination of this Agreement, Bell shall be allowed thirty (30) days to remove the Equipment.
Appears in 1 contract
Samples: Letter Agreement
Term, Termination and Renewal. Both Bell Xxxx and Owner acknowledge and agree that the term of this Agreement is effective as of the date last signed by both parties below and shall continue to run for a period of ten (10) years from the date hereof (the "Term"), . Unless a Party provides the other party hereto with written notice of its intention not to renew this Agreement at least one hundred and eight eighty (180) days prior to the expiration of the Term or Renewal Term (as defined below), as the case may be, this Agreement shall automatically renew for successive one (1) year renewal terms (the "Renewal Term") on the terms and conditions herein. Either Party may terminate this Agreement: i) for a material breach hereof, where such breach is not cured within thirty (30) days of receipt of written notice by the other party of such breach, or ii) immediately, in the event of bankruptcy, reorganization, assignment, petition or appointment of a trustee or such other act of insolvency of the other party, . Upon expiry or earlier termination of this Agreement, Bell shall be allowed thirty ninety (3090) days to remove the Equipment.
Appears in 1 contract
Samples: Letter Agreement
Term, Termination and Renewal. Both Bell and Owner acknowledge and agree that the term of this Agreement is effective as of the date last signed by both parties below and shall continue to run for a period of ten (10) years from the date hereof (the "Term"), . Unless a Party provides the other party hereto with written notice of its intention not to renew this Agreement at least one hundred and eight eighty (180) days prior to the expiration of the Term or Renewal Term (as defined below), as the case may be, this Agreement shall automatically renew for successive one (1) year renewal terms (the "Renewal Term") on the terms and conditions herein. Either Party may terminate this Agreement: i) for a material breach hereof, where such breach is not cured within thirty (30) days of receipt of written notice by the other Other party of such breach, or ii) immediately, in the event of bankruptcy, reorganization., assignment, petition or appointment of a trustee or such other act of insolvency of the other party, . Upon expiry or earlier termination of this Agreement, Bell shall be allowed thirty (30) days to remove the Equipment.
Appears in 1 contract
Samples: Letter Agreement