Total Value and Term Clause Samples

Total Value and Term. The total value of the Agreement is 154 440.00 EUR (one hundred fifty-four thousand and four hundred forty euros, zero cents), excluding VAT (the “Total Value”). The Agreement term is 24 (twenty- four) months starting from the Effective Date or until the Total Value is reached, whichever comes first. In case the Total Value has not been reached, yet the initial 24 (twenty-four) month term has passed, then the Agreement can be further prolonged multiple times for an additional 1 (one) year, or until the Total Value has been reached, whichever comes first. The total term of the Agreement will not exceed 60 (sixty) months.