Automatic Renewal Option Clause Samples

An Automatic Renewal Option clause stipulates that a contract will automatically renew for a specified period unless one party provides notice of termination before the current term expires. Typically, this clause applies to service agreements, leases, or subscriptions, where the contract continues seamlessly unless a party actively opts out by giving written notice within a set timeframe, such as 30 or 60 days before renewal. The core function of this clause is to ensure continuity of the contractual relationship and to prevent accidental lapses in service or coverage, while also clarifying the process for ending the agreement.
Automatic Renewal Option. A Paid Online Service with an option for its purchase to be periodically, automatically renewed ("Automatic Renewal Option") will continue and be automatically renewed for the period of the Paid Online Service specified in the Purchase Order ("Automatic Renewal Period") with fees at the then-current rates until the Automatic Renewal Option is cancelled. To access and use a Paid Online Service with an Automatic Renewal Option, you must provide one or more Payment Methods. Fees for a Paid Online Service with an Automatic Renewal Option are charged on the beginning date of each Automatic Renewal Period ("Date of Charge"). However, the Date of Charge may change if all Payment Methods associated with your Body & Brain account are declined for payment of such fees or if the Date of Charge is not contained in a given month. By providing one or more Payment Methods in association with a Paid Online Service with an Automatic Renewal Option, you authorize us to charge you through any Payment Method associated with your Body & Brain account for the then-current fees and any applicable taxes for such Paid Online Service unless and until you cancel the Automatic Renewal Option. Cancellation of an Automatic Renewal Option must be made at least 7 days before the Date of Charge for the subsequent Automatic Renewal Period by sending a notice of cancellation using the contact information in the email of the Purchase Order, provided, however, that if we make a material change to the terms of an Automatic Renewal Option, we will use our best efforts to notify you and give you an opportunity to cancel such Automatic Renewal Option within a reasonable time. Whether or not any request for the return of fees that have already been paid for a Paid Online Service with an Automatic Renewal Option will be granted is determined by the Refund Policy section of this Agreement (and not this section).
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Automatic Renewal Option. If You select the automatic renewal option, if available, Your Order Confirmation will indicate that selection. Your Subscription Term will continue to renew for equal subsequent Subscription Terms. Your aggregate Meter amount at the end of a Subscription Term will be the basis for any renewal. Otherwise, the Subscription will expire at the end of the Subscription Term. You may opt out of the automatic renewal at any time. To opt out, you must contact your reseller or Symantec directly at ▇▇▇▇▇▇▇▇▇▇▇▇@▇▇▇▇▇▇▇▇.▇▇▇. Symantec will notify You if automatic renewal is no longer available for any Online Service. All Subscriptions are non-cancellable.
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Automatic Renewal Option. If Client selects the automatic renewal option for the Online Services, if available, the Ordering Document will indicate that selection. The Subscription Term will continue to renew for equal subsequent Subscription Terms. Client may opt out of the automatic renewal at any time by providing notice to Coalfire at ▇▇▇▇▇▇▇▇@▇▇▇▇▇▇▇▇.▇▇▇. Coalfire will notify Client if automatic renewal is no longer available for any Online Service. If applicable, the aggregate Meter amount at the end of a Subscription Term will be the basis for any renewal. All Subscriptions are non-cancellable.
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Automatic Renewal Option. If Client selects the automatic renewal option, if available, the Service Order Confirmation will indicate that selection. The Subscription Term will continue to renew for equal subsequent Subscription Terms. The aggregate Meter amount at the end of a Subscription Term will be the basis for any renewal. Otherwise, the Subscription will expire at the end of the Subscription Term. Client may opt out of the automatic renewal at any time. In order to opt out, Client must contact Coalfire directly at ▇▇▇▇▇▇▇▇@▇▇▇▇▇▇▇▇.▇▇▇. Coalfire will notify Client if automatic renewal is no longer available for any Online Service. All Subscriptions are non-cancellable.
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Related to Automatic Renewal Option

  • Renewal Option 43.01 Provided Tenant is not then in default under any of the terms, (monetary or other nonmonetary, but material) covenants or conditions of this Lease on Tenant’s part to be observed or performed beyond Notice and applicable cure. Tenant shall have the option to renew this Lease and the Term for a renewal term of five (5) years (referred to herein as the “Renewal Term”) commencing on the day immediately succeeding the Expiration Date and ending, unless sooner terminated pursuant to the provisions of this Lease or pursuant to law, on the day preceding the fifth anniversary thereof (referred to as the “Extended Expiration Date”). If Tenant exercises such option in accordance with the provisions and limitations of this Article, this Lease and the Terms shall be renewed for such Renewal Term upon a Fixed Rent as follows; Except as otherwise provided herein, all other executory terms, covenants and condition contained in this Lease and the Expiration Date of the Lease shall be deemed extended to the Extended Expiration Date. 43.02 The option set forth herein may only be exercised by notice (“Renewal Notice”) given by Tenant to Landlord on or prior to April 30, 2018 (the “Notice Date”). TIME IS OF THE ESSENCE with respect to the exercise of such option. Tenant shall not have the right to give any such notice after the Notice Date, and any notice given after the Notice Date purporting to exercise such option shall have no force and effect. Landlord, within 30 days after Tenant’s request, shall confirm in writing to Tenant (“Landlord Confirmation”) whether Landlord has received the Renewal Notice and whether such Notice has been properly sent to Landlord (and, if not, setting forth any defects in such Notice or delivery thereof). Landlord’s failure to send the Landlord Confirmation within such 30 day period shall constitute Landlord’s acceptance thereof and waiver of any right to object thereto. If Landlord, within such 30 day period, shall notify Tenant of any defects in the Renewal Notice or delivery thereof, Tenant shall have the right to send a revised Renewal Notice at any time prior to the deadline for sending such Renewal Notice under this Section and the provisions of this paragraph shall apply fully to such revised Renewal Notice and any subsequent Renewal Notice. 43.03 Tenant, upon request of Landlord, from time to time, will execute and deliver to Landlord an instrument in form reasonably satisfactory to Landlord stating whether or not Tenant has exercised the option contained in the provisions of the Section.

  • Automatic Renewal Each Schedule will renew automatically at the end of the then-current Schedule Term for a Schedule Renewal Term unless terminated in accordance with this Agreement by either You or Company.

  • Renewal Options a. Tenant shall have the right and option to renew the Lease (“Renewal Option”) for two (2) successive renewal periods of five (5) years each (each, an “Option Term”); provided, however, the Renewal Option is contingent upon the following: (i) there is not an Event of Default beyond all applicable cure period(s) at the time Tenant gives Landlord notice of Tenant’s intention to exercise the Renewal Option or at the expiration of the current Term; (ii) no event has occurred that upon notice or the passage of time would constitute an Event of Default, unless Landlord has given notice of default and Tenant is diligently attempting to cure such event; and (iii) Tenant is occupying the Premises. Following expiration of the final Option Term allowable hereunder, Tenant shall have no further right to renew the Lease pursuant to this Section 5. b. Tenant shall exercise the Renewal Option by giving Landlord notice at least one hundred eighty (180) days prior to the expiration of the current Term. If Tenant fails to give notice to Landlord prior to the 180-day period, then Tenant shall forfeit the Renewal Option. If Tenant exercises the Renewal Option, then during the Option Term, Landlord and Tenant’s respective rights, duties and obligations shall be governed by the terms and conditions of the Lease, except as provided otherwise in this Section. Time is of the essence in exercising the Renewal Option. c. The Base Rental for an Option Term shall be the Fair Market Rental Rate. “Fair Market Rental Rate” shall mean the market rental rate for the time period such determination is being made for office space in same class office buildings in the area of Franklin, Tennessee (the “Area”) of comparable condition for space of equivalent quality, size, utility, and location. Such determination shall take into account all relevant factors, including, without limitation, the following matters: the credit standing of Tenant; the length of the term; the fact that Landlord will experience no vacancy period and that Tenant will not suffer the costs and business interruption associated with moving its offices and negotiating a new lease; construction allowances and other tenant concessions that would be available to tenants comparable to Tenant in the Area (such as moving expense allowance, free rent periods, and lease assumptions and take over provisions, if any, but specifically excluding the value of improvements installed in the Premises at Tenant’s cost), and whether adjustments are then being made in determining the rental rates for renewals in the Area because of concessions being offered by Landlord to Tenant (or the lack thereof for the Option Term in question). For purposes of such calculation, it will only be assumed that Landlord is paying a representative of Tenant a brokerage commission in connection with the Option Term in question if Landlord is in fact paying a brokerage commission to a representative of Tenant in connection with the applicable Option Term.

  • Termination Option Tenant shall have the one-time right to terminate the Lease effective as of the end of the thirty-sixth full calendar month following the Commencement Date, by giving written notice to the Landlord prior to the expiration of the twenty-seventh full calendar month following the Commencement Date (time being of the essence herein), which notice (in order to be valid) shall be accompanied by payment of the Termination Fee (hereinafter defined) and which notice shall specify the termination date; provided however, if Tenant is in Default at any time hereunder beyond any applicable cure period (whether before or after the termination notice), at Landlord’s option, such termination election shall be null and void, and Landlord may use any portion of the Termination Fee paid to offset against any amounts owed by Tenant under the Lease. The Termination Fee is equal to the sum of (i) four (4) months of Rent then being paid by Tenant on a monthly basis (including without limitation estimated pass-throughs), plus (ii) the unamortized portion of the cost of all leasehold improvements, leasing commissions, attorney fees, rental abatements and other concessions incurred or provided by Lessor in connection with this Lease. Upon request, Landlord shall calculate the Termination Fee and provide the amount thereof to Tenant. The Termination Fee shall be calculated by Landlord by first amortizing the cost of all leasehold improvements, leasing commissions, attorney fees, rental abatements and other concessions in equal monthly installments over the Term (or if incurred in connection with any Lease amendment, amortized over the portion of the Term commencing with the effective date for the initial full monthly payment of Rent for the Lease amendment) at the rate of nine percent (9%) per annum (compounded annually) and then determining the unamortized portion thereof as of the effective date of termination. Tenant, in addition to the Termination Fee, shall remain obligated for all Basic Monthly Rent, Additional Rent and other sums due under the Lease up to and including the effective date of termination, even though such amounts may be billed subsequent to such date. Tenant’s obligations, and Landlord’s rights and remedies (including without limitation, the right to recover reasonable attorneys fees as permitted by this Lease), with respect to all such sums, any other amounts due and owing to Landlord and any other of Tenant’s obligations or liabilities accruing prior to the date of termination shall survive any such termination. .

  • Lessor Termination Option If a Hazardous Substance Condition occurs during the term of this Lease, unless Lessee is legally responsible therefor (in which case Lessee shall make the investigation and remediation thereof required by the Applicable Requirements and this Lease shall continue in full force and effect, but subject to Lessor's rights under Paragraph 6.2(d) and Paragraph 13), Lessor may, at Lessor's option, either (i) investigate and remediate such Hazardous Substance Condition, if required, as soon as reasonably possible at Lessor's expense, in which event this Lease shall continue in full force and effect, or (ii) if the estimated cost to remediate such condition exceeds twelve (12) times the then monthly Base Rent or $100,000, whichever is greater, give written notice to Lessee, within thirty (30) days after receipt by Lessor of knowledge of the occurrence of such Hazardous Substance Condition, of Lessor's desire to terminate this Lease as of the date sixty (60) days following the date of such notice. In the event Lessor elects to give a termination notice, Lessee may, within ten (10) days thereafter, give written notice to Lessor of Lessee's commitment to pay the amount by which the cost of the remediation of such Hazardous Substance Condition exceeds an amount equal to twelve (12) times the then monthly Base Rent or $100,000, whichever is greater. Lessee shall provide Lessor with said funds or satisfactory assurance thereof within thirty (30) days following such commitment. In such event, this Lease shall continue in full force and effect, and Lessor shall proceed to make such remediation as soon as reasonably possible after the required funds are available. If Lessee does not give such notice and provide the required funds or assurance thereof within the time provided, this Lease shall terminate as of the date specified in Lessor's notice of termination.