Examples of Renewal Term in a sentence
If ESD112 fails to notify the District that it is terminating this Agreement prior to the Renewal Term of May 1st (see Exhibit A, Section 2.2), ESD112 shall pay the District the costs the District incurs to obtain the services ESD112 was obligated to provide from a third party, but only to the extent the costs exceed what the District would have paid ESD112, and the fees the District pays the third party must be based on reasonable market rates.
If the District fails to notify ESD112 that it is terminating this Agreement prior to the Renewal Term of May 1st (see Exhibit A, Section 2.2) and this Agreement is for services provided by ESD112 employees who have a certificated contract with ESD112, there may be material adverse financial consequences to ESD112.
If Customer’s place of business as listed in a Service Order is in a country located in Asia or the Pacific region, then Lotame will increase the fees for each Service Order for each Renewal Term by 5% of the fees that are in effect at the end of the immediately preceding Initial Term or Renewal Term and each Service Order will be deemed amended accordingly.
The adverse financial consequences, or damages, may likely exceed the fee the District would have paid for the Renewal Term.
If the District terminates the Agreement without giving notice prior to May 1st and ESD112 has employed certificated staff to provide services under the Agreement, the District agrees to pay ESD112 the amount owed for the Renewal Term as damages.