The Renewal Terms Sample Clauses
The Renewal Terms clause defines the conditions under which an agreement may be extended beyond its initial term. Typically, it outlines whether renewals are automatic or require notice from one or both parties, and may specify the length and number of renewal periods allowed. This clause ensures both parties understand how and when the contract can continue, preventing misunderstandings about the duration of their obligations and providing a clear process for ongoing business relationships.
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The Renewal Terms. Unless this Agreement is terminated in the manner described below in Section 2, this Agreement will automatically renew for successive additional terms of one year each. These additional terms will each be referred to hereafter as a “Renewal Term.”
The Renewal Terms. The Term may be extended for three (3) separate renewal terms (each, a "RENEWAL TERM") of six (6) years each, upon the satisfaction of all of the following terms and conditions:
The Renewal Terms. Unless this Agreement is terminated in the manner described below in Section 2, this Agreement will automatically renew for successive additional * Portion omitted pursuant to a request for confidential treatment and filed separately with the Securities and Exchange Commission. terms of one year each. These additional terms will each be referred to hereafter as a "Renewal Term."