Term Renewal definition

Term Renewal. Notwithstanding the Term End Date set forth above, this SOW shall automatically renew for successive one-year terms on the same terms and conditions set forth herein unless, (1) the MSA or SOW 2021-1 have expired or been terminated; (2) either Party notifies the other Party of its intent not to renew this SOW beyond the then-current term, with or without cause, by providing the non-terminating Party no less than sixty (60) days’ prior written notice before the end of the then-current term; or (3) this SOW is otherwise terminated in accordance with its terms and/or those set forth in the MSA. Services: [***] Services Territory: The Services, and Fees and Expenses, described herein are in contemplation of the Licensed Platform operating only in the following Territory: Malaysia. Subject to the terms of one or more additional implementing SOWs and the payment of the applicable fees and satisfaction of other applicable conditions described therein, AEON Affiliates formed and located in South East Asia may be granted the right to utilize the Licensed Platform under the Agreement in the applicable territory (or territories) specified in such SOW(s). Fees and Expenses: [***]

Term Renewal in Section 11.1 of the Agreement is deleted in its entirety and replaced with:

Examples of Term Renewal in a sentence

• The Initial Service Term, Renewal Service Term and Month-to-Month Renewal Term” are collectively referred to as a “Service Term”.

• No Recapture Fee is payable in connection with the recapture of any End of Term Renewal.

• If, in the reasonable opinion of the Licensee, any such modification renders the Licensed Materials substantially less useful in a material respect to the Members or its Authorized Users, Licensee may seek to terminate this License Agreement for breach pursuant to the termination provisions in section 10 [Term, Renewal, and Termination].

• To renew the Support Plan, Buyer must sign a Renewal Service Agreement accompanied by a purchase order prior to the expiration of the current Term ("Renewal"), which shall also be subject to the terms and conditions of this Agreement.

• During each Renewal Lease Term, Renewal Rent shall be paid on the Rent Payment Dates.

• Agreement Term: [Term] Renewal Term: [Renewal : include "upon mutual written agreement"] Maximum Cost of Service Order: Not to exceed Three Hundred Thousand ($300,000.00) Maximum Value of IDIQ Agreement: Nine Hundred Thousand ($900,000.00) for the term and any renewal terms This IDIQ Agreement incorporates by reference the Uniform General Conditions (“UGC”) for all purposes.

• License Term, Renewal, and Expiration [Notice of Delinquency in Payment of Annual Assessment Fee].

• Effective Date: [Effective Date] Agreement Term: [Term] Renewal Term: [Renewal : include "upon mutual written agreement"] Maximum Cost of Service Order: Not to exceed Three Hundred Thousand ($300,000.00) Maximum Value of IDIQ Agreement: Nine Hundred Thousand ($900,000.00) for the term and any renewal terms This IDIQ Agreement incorporates by reference the Uniform General Conditions (“UGC”) for all purposes.

• Change in Policyholder (the current and new Policyholder must be listed on the Policy) 6.2 Term, Renewal and Termination of the Policy.

• Rule 23.4 Term; Renewal; FeeEach special use well, pond, reservoir, lagoon permit and each renewal thereof shall be valid for one (1) year from the date such permit or renewal is issued.