Initial Hosting Term and Renewal Sample Clauses

The 'Initial Hosting Term and Renewal' clause defines the duration of the initial hosting service period and outlines the conditions under which the agreement may be renewed. Typically, it specifies the length of the first term (such as one year) and details whether the contract will automatically renew for additional periods unless one party provides notice of non-renewal. This clause ensures both parties understand the timeline of their obligations and provides a clear process for continuing or ending the hosting relationship, thereby preventing misunderstandings about service continuity.
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Initial Hosting Term and Renewal. The initial Hosting Term shall begin on the Start Date and shall run for the term set forth on page one of this Agreement. Upon expiration of the then current Hosting Term, a new Hosting Term shall automatically begin for a period of length equal to that of the initial Hosting Term; provided that (i) Customer has not given OPIE notice that Customer does not wish to extend the Hosting Term for an additional twelve (12) months at least ninety (90) days prior to the end of the current term; and (ii) OPIE still offers hosting services for the Software. OPIE will provide Customer with thirty (30) days prior written notice of the upcoming expiration date if there will be any fee increases for the upcoming Hosting Term; provided, however, that any such fee increases shall not exceed ten percent (10%), unless customer has changed the number of users being hosted per C2 of this Exhibit. The failure to renew hosting services shall not affect Customer’s licenses to the Software or the remainder of this Agreement.
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Related to Initial Hosting Term and Renewal

  • Initial Term and Renewal This Agreement shall become effective upon its execution and, shall have an initial term of five (5) years. Following the expiration of the initial term, the Agreement shall automatically renew for successive one-year terms until such time that the Agreement is terminated by either Party upon giving the other Party six (6) months’ written notice of termination.

  • Term and Renewal This Agreement shall become effective as of the Effective Date and shall remain in effect for a period of three years from and after the Live Date (the “Initial Term”), and thereafter shall automatically renew for successive three year terms (each such period, a “Renewal Term”) unless terminated by any party giving written notice of non-renewal at least one hundred eighty days prior to the last day of the then current term to each other party hereto.

  • Conditions Term of Agreement 83 3.1. Conditions Precedent to the Initial Extension of Credit. .................................83 3.2. Conditions Precedent to all Extensions of Credit. ............................................83 3.3. Maturity................................................................................................................83 3.4. Effect of Maturity. ...............................................................................................83 3.5. Early Termination by Borrowers.......................................................................83 3.6. Conditions Subsequent. .......................................................................................84

  • Term and Renewal Options The term of service is 24 months (Initial Term). Following the expiration of the Initial Term, service under this option will continue on a month-to-month basis subject to the terms and conditions, including rates and discounts set forth under this option (Extension Term). The Company or the Customer may elect to forego the Extension Term by providing the other party written notice at least 60 days prior to the expiration of the Initial Term. Either party may terminate service during the Extension Term by providing the other party at least 60 days prior written notice. Term shall mean the Initial Term and the Extension Term.

  • CONTRACT TERM - RENEWAL In addition to any stated renewal periods in the Contract, any Contract or unit portion thereof let by the Commissioner may be extended by the Commissioner for an additional period(s) of up to one year with the written concurrence of the Contractor and Comptroller. Such extension may be exercised on a month-to-month basis or in other stated periods of time during the one year extension.