Initial Term and Renewal Terms. The term of this Agreement shall commence as of the Effective Date, and shall continue for a period of three (3) years (the “Initial Term”), unless terminated earlier in accordance with this Agreement. Company may extend this Agreement for an additional two-year (2-year) period (the “Renewal Term”) by providing written notice to Bank prior to the end of the Initial Term. The Initial Term and the Renewal Term may be referred to herein as the “Term.”
Appears in 2 contracts
Sources: Private Label Banking Program Agreement (Customers Bancorp, Inc.), Private Label Banking Program Agreement (Customers Bancorp, Inc.)