Common use of Initial Term and Renewal Clause in Contracts

Initial Term and Renewal. This Agreement shall commence on the 1st day of November, 1996 and shall remain in effect for an initial term of two (2) years. Thereafter, this Agreement shall automatically renew for successive terms of three (3) years subject to all terms and conditions herein contained (except that the fees provided for in paragraph B.1, above are subject to review and adjustment on an annual basis), unless and until either AmeriPath or SBCL shall give the other party written notice not less than ninety (90) days prior to expiration of the then current term of its intention to terminate this Agreement as of the expiration of the initial term or any subsequent term.

Initial Term and Renewal. This Agreement shall commence on the 1st day of NovemberApril, 1996 1992 and shall remain in effect for an initial term of two one (21) yearsyear. Thereafter, this Agreement shall automatically renew for successive terms of three (3) years subject to all terms and conditions herein contained (except that the fees installments provided for in paragraph B.1, above above, are subject to review and adjustment on an annual basis), unless and until either AmeriPath the Association or SBCL shall give the other party written notice not less than ninety (90) days prior to expiration of the then current term of its intention to terminate this Agreement as of the expiration of the initial term or any subsequent yearly term.

Initial Term and Renewal. This Agreement shall commence on the 1st day of NovemberApril, 1996 1992 and shall remain in effect for an initial term of two one (21) yearsyear. Thereafter, this Agreement shall automatically renew for successive terms of three (3) years subject to all terms and conditions herein contained (except that the fees provided for in paragraph B.1, above above, are subject to review and adjustment on an annual basis), unless and until either AmeriPath the Association or SBCL shall give the other party written notice not less than ninety (90) days prior to expiration of the then current term of its intention to terminate this Agreement as of the expiration of the initial yearly term or any subsequent term.