Examples of Renewal Term in a sentence
Upon mutual written agreement, the Parties may renew this Contract, in whole or in part, for a Renewal Term not to exceed the Initial Contract Term, pursuant to the incorporated Special Contract Conditions.
As to both the Phase 1 Leased Premises and the Phase 2 Leased Premises, those two (2), ten (10) year terms commencing on the Expiration Date of the initial term and the First Renewal Term, if any.
Any such termination shall be effective as of the date that would have been the first day of the next Renewal Term.
In the event of termination without cause of an Initial Term or a Renewal Term by School District pursuant to this paragraph, the fees paid by School District shall not be subject to a prorated refund.
Thereafter, unless otherwise terminated as provided herein, this Agreement shall renew automatically for successive one (1) year periods (“Renewal Term(s)”), commencing on the anniversary of the Effective Date, unless either party gives the other party notice of its intent not to renew this Agreement at least sixty (60) days prior to the end of the Term or any Renewal Term.