Initial and Renewal Terms. Unless terminated earlier in accordance with Article VIII, this Agreement shall have an initial term of four (4) years commencing upon the Effective Date (the “Initial Term”) and shall automatically renew for two (2) successive terms of two (2) years (a “Renewal Term,” collectively, the Initial Term and Renewal Term(s) shall be referred to as the “Term”), unless either party provides notice to the other party of its intent to not renew at least one hundred twenty (120) days prior to the end of the Initial Term or the first Renewal Term.
Appears in 3 contracts
Sources: Loan Program Agreement (Upstart Holdings, Inc.), Loan Program Agreement (Upstart Holdings, Inc.), Loan Program Agreement (Upstart Holdings, Inc.)