Common use of Renewal Terms Clause in Contracts

Renewal Terms. Following expiration of the Initial Term, this agreement will automatically renew for 3 successive 10-year renewal periods (for a maximum of 50 years including the Initial Term), unless at least 2 years prior to the commencement of any renewal period either party notifies the other party in writing that it does not wish to renew this agreement.

Renewal Terms. Following expiration of the Initial Term, this agreement Agreement will automatically renew for 3 successive 10-year renewal periods three (for a maximum of 50 years including the Initial Term)3) month terms, unless at least 2 years prior to the commencement of any renewal period either party hereto notifies the other party in writing that it does of its election not wish to renew this agreementAgreement thirty (30) days prior to the expiration of the Initial Term or the then current term, as the case may be. As used in this Agreement, "Term" shall mean the Initial Term, and, if applicable, any renewal terms.