Common use of Initial Term and Renewal Clause in Contracts

Initial Term and Renewal. The initial term of this Agreement shall commence upon the Effective date, and shall continue until September 1, 2016 (“Initial Term”). Thereafter, the Agreement shall automatically renew for successive two (2) year terms, each a (“Renewal Term”), unless sooner terminated by either Party upon giving written notice to the other, of not less than ninety (90) days prior to the end of the then current initial or Renewal Term. (The Initial Term and any Renewal Term(s) collectively shall be considered the “Term” hereof.)

Appears in 2 contracts

Samples: Atm Processing Agreement, Atm Processing Agreement (Global Axcess Corp)

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Initial Term and Renewal. The initial term of this Agreement shall commence upon will begin on the Effective date, Date and shall will continue until September 1, 2016 for a period of three (3) years (the “Initial Term”)) unless earlier terminated as provided below. Thereafter, the This Agreement shall will automatically renew for successive two an additional one (2) year terms, each 1)-year term (a (“Renewal Term” and, all Renewal Terms collectively with the Initial Term, the “Term), ) at the end of the Initial Term and at the end of each successive Renewal Term unless sooner terminated by either Party party upon giving written notice to the other, of not less than other party at least ninety (90) days prior to the end of the then then-current initial or Renewal Term. (The Initial Term and any Renewal Term(s) collectively shall be considered the “Term” hereof.)

Appears in 1 contract

Samples: Refund Account Choice and Id Card Agreement

Initial Term and Renewal. The initial original term of this Agreement shall commence upon on the Effective date, Date and continue for a period of three (3) years and shall continue until September 1, 2016 (“be known as the "Initial Term”)". Thereafter, the The Agreement shall will automatically renew for a successive two three (23) year terms, period at the end of the Initial Term of this Agreement and at the end of each a (“Renewal Term”), unless sooner renewal term until the Agreement is terminated by either Party upon party giving written notice of termination to the other, of not less than other party at least ninety (90) days prior to the end of the then current initial or Renewal Term. (The Initial Term and any Renewal Term(s) collectively shall be considered the “Term” hereof.)cale

Appears in 1 contract

Samples: Abm Processing Agreement (Lawler & Associates /Fa/)

Initial Term and Renewal. The initial term of this Agreement shall commence upon begin as of the date this Agreement is entered into ("Effective date, Date") and shall continue until September 1, 2016 for a period of seven (“Initial Term”)7) years following the Effective Date. Thereafter, the The Agreement shall automatically renew for successive a two (2) year terms, term at the end of the initial term and also at the end of each a (“Renewal Term”), successive term unless sooner terminated by either Party upon giving written notice to the other, of not less than ninety other Party at least one hundred eighty (90180) days prior to the end of the then current initial or Renewal Term. (The Initial Term and any Renewal Term(s) collectively shall be considered the “Term” hereofterm.)

Appears in 1 contract

Samples: Distributor Atm Processing Agreement (Global Axcess Corp)

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Initial Term and Renewal. The initial term of this This Agreement shall commence upon become effective on November 9, 2020 (the Effective date, Date”) and shall continue remain in full force and effect until September 1terminated by either party, 2016 (“Initial Term”)pursuant to Section 3.2. Thereafter, the This Agreement shall automatically renew for successive two twelve (212) year terms, month periods (each a (“Renewal Term”), ) unless sooner terminated by either Party upon giving party gives written notice to the other, of not less than nonrenewal at least ninety (90) days prior to the end of the then then-current initial or Renewal Term. term (The Initial Term and any Renewal Term(s) collectively a “Nonrenewal Notice”), in which case the Agreement shall be considered terminate at the “Term” hereofend of the then-current term.)

Appears in 1 contract

Samples: Agreement for Municipal Plan Examination and Inspection Services

Initial Term and Renewal. The initial term of this This Agreement shall commence upon become effective on January 1, 2021 (the Effective date, Date”) and shall continue remain in full force and effect until September 1terminated by either party, 2016 (“Initial Term”)pursuant to Section 3.2. Thereafter, the This Agreement shall automatically renew for successive two twelve (212) year terms, month periods (each a (“Renewal Term”), ) unless sooner terminated by either Party upon giving party gives written notice to the other, of not less than nonrenewal at least ninety (90) days prior to the end of the then then-current initial or Renewal Term. term (The Initial Term and any Renewal Term(s) collectively a “Nonrenewal Notice”), in which case the Agreement shall be considered terminate at the “Term” hereofend of the then-current term.)

Appears in 1 contract

Samples: Agreement for Municipal Plan Examination and Inspection Services

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