R enewal Clause Samples

The Renewal clause defines the terms and conditions under which an agreement may be extended beyond its original expiration date. Typically, this clause specifies whether renewal is automatic or requires notice from one or both parties, and may outline the length of each renewal period and any changes to terms upon renewal. Its core function is to provide a clear process for continuing the contractual relationship, thereby preventing uncertainty or disputes about the contract’s duration and ongoing obligations.
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R enewal. Any letter of credit that is to constitute the Security Fund required hereunder must provide that it will not be cancelled, and will not expire without renewal, except after at least 60 days’ notice to the City of the impending cancellation, or expiration without renewal, of such letter of credit. Any failure to replace or renew a Security Fund letter of credit by a date which is 30 days prior to the impending cancellation or expiration of such a letter of credit will constitute an Event of Default under this Agreement, which the City may cure by (a) drawing on the Security Fund and itself holding the proceeds as a replacement Security Fund (with all withdrawal rights provided under this Agreement) until such time as the Company replaces or renews such letter of credit or (b) exercising any other lawful remedies. Interest earned on proceeds held by the City as a replacement Security Fund will be retained by the City.
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R enewal. This Agreement does not grant to the Company any right to renewal of this Agreement or the Franchise granted hereunder. At the end of the Initial Term or any Extended Term, the City will have the sole discretion to renew this Agreement, or not, pursuant to a distinct franchise process under Chapter 14 of the City Charter.
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R enewal. This agreement shall be renewable at the end of the current term for a successive length of time term unless either party gives written notice of its intention not to renew thirty (30) days before expiration of the current term.
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R enewal. MISMO certification renewal by the Applicant is required at the end of each Certification Period. To renew MISMO certification of its product, the Applicant must submit a new MISMO eMortgage Technology Certification Application along with the applicable application fee. If this Agreement remains in effect, then it is not necessary for the Applicant to submit a new MISMO eMortgage Technology Certification Application Agreement. MISMO will direct the Applicant as to whether a new Questionnaire and supporting documentation must be provided. If the Applicant’s product remains substantially the same as it was the last time it was certified by MISMO, and the applicable MISMO Standards or Certification Requirements also remain substantially the same as they were the last time the product was certified by MISMO, then MISMO may reduce the application fee for renewal. Using the process detailed herein in Section 2, certification renewal confirms that the product complies with the then-current MISMO Standards or Certification Requirements, as applicable. Failure to complete the certification renewal process within 60 days after expiration of the certification will result in removal of the Certified Product from the MISMO Compliance Register and termination of the MISMO Compliance Certification ▇▇▇▇ License Agreement. MISMO will send, as a courtesy, a renewal reminder notice by electronic mail to the Applicant at or about 60 calendar days but no fewer than 45 calendar days prior to the end of the applicable Certification Period. Applicant will be solely liable for ensuring that it renews such product’s certification, and MISMO will not be liable to Applicant should Applicant fail to renew a certification, even if MISMO does not send the reminder notice referred to herein.
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R enewal. Except if otherwise provided by your Order Form, at the end of each Subscription Term, the Subscription Services may be renewed upon mutual agreement of Subscriber and ACG for a subsequent Subscription Term equal in length to the then-expiring Subscription Term (each a “Renewal Term”). The Subscription Fees for any Renewal Term will be based on ACG’s then-current pricing.
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R enewal. If Lessee, or Lessor, desires that this lease renew at the expiration of its term he must give notification by Octobe 30, .
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R enewal. At least sixty (60) days but no more than ninety (90) days prior to the expiration of the then-current Term, Service Provider shall notify COMPANY Customer in writing of the expiration of the current Term and the Fees for renewal. COMPANY Customer may elect to renew the Term at such Fees by providing written notice to Service Provider at any time prior to expiration of the then-current Term. In no event shall the Fees for any Renewal Term increase by more than 20 percent (20%) of the Fee for the previous Term.
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R enewal. This Agreement and Provider’s Accreditation will be renewed for successive periods of five (5) years upon the Expiration Date and the expiration of each successive five-year term thereafter under the terms and conditions of this Agreement, unless: 5.2.1 at the time of such renewal, Provider no longer meets the ICANN provider Accreditation criteria then in effect; 5.2.2 Provider is not in compliance with its obligations under this Agreement at the time of the Expiration Date or at the expiration of any successive five (5) year term thereafter; 5.2.3 Provider has been given notice by ICANN of three (3) or more material breaches of this Agreement within the two (2) years preceding the Expiration Date or the date of expiration of any successive five (5) year term thereafter; or 5.2.4 this Agreement has terminated prior to the Expiration Date or the expiration date of any successive five (5) year term thereafter. In the event Provider intends to renew this Agreement pursuant to this Section 5.2, Provider shall provide ICANN written notice thereof during the period that is no more than ninety (90) days and no less than sixty (60) days prior to the Expiration Date and each successive five (5) year term thereafter. The provision of such notice shall not be a condition to renewal hereunder. Pursuant to its customary practices (as may be modified by ICANN), ICANN will provide notice to Provider of the Expiration Date and the date of expiration of any subsequent term hereunder.
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Related to R enewal

  • Renewal (a) This Agreement will be renewed for successive periods of ten (10) years upon the expiration of the initial Term set forth in Section 4.1 and each successive Term, unless: (i) Following notice by ICANN to Registry Operator of a fundamental and material breach of Registry Operator’s covenants set forth in Article 2 or breach of its payment obligations under Article 6 of this Agreement, which notice shall include with specificity the details of the alleged breach, and such breach has not been cured within thirty (30) calendar days of such notice, (A) an arbitrator or court of competent jurisdiction has finally determined that Registry Operator has been in fundamental and material breach of such covenant(s) or in breach of its payment obligations, and (B) Registry Operator has failed to comply with such determination and cure such breach within ten (10) calendar days or such other time period as may be determined by the arbitrator or court of competent jurisdiction; or (ii) During the then current Term, Registry Operator shall have been found by an arbitrator (pursuant to Section 5.2 of this Agreement) or a court of competent jurisdiction on at least three (3) separate occasions to have been in (A) fundamental and material breach (whether or not cured) of Registry Operator’s covenants set forth in Article 2 or (B) breach of its payment obligations under Article 6 of this Agreement. (b) Upon the occurrence of the events set forth in Section 4.2(a) (i) or (ii), the Agreement shall terminate at the expiration of the then-­‐current Term.

  • 2Renewal (a) This Agreement will be renewed for successive periods of ten (10) years upon the expiration of the initial Term set forth in Section 4.1 and each successive Term, unless: (i) Following notice by ICANN to Registry Operator of a fundamental and material breach of Registry Operator’s covenants set forth in Article 2 or breach of its payment obligations under Article 6 of this Agreement, which notice shall include with specificity the details of the alleged breach, and such breach has not been cured within thirty (30) calendar days of such notice, (A) an arbitrator or court of competent jurisdiction has finally determined that Registry Operator has been in fundamental and material breach of such covenant(s) or in breach of its payment obligations, and (B) Registry Operator has failed to comply with such determination and cure such breach within ten (10) calendar days or such other time period as may be determined by the arbitrator or court of competent jurisdiction; or (ii) During the then current Term, Registry Operator shall have been found by an arbitrator (pursuant to Section 5.2 of this Agreement) or a court of competent jurisdiction on at least three (3) separate occasions to have been in (A) fundamental and material breach (whether or not cured) of Registry Operator’s covenants set forth in Article 2 or (B) breach of its payment obligations under Article 6 of this Agreement. (b) Upon the occurrence of the events set forth in Section 4.2(a) (i) or (ii), the Agreement shall terminate at the expiration of the then-current Term.

  • EXPIRATION AND RENEWAL 47.01 This Agreement shall be in effect from May 21, 2021, and shall remain in effect until May 20, 2025, and thereafter from year to year, but either party may, not less than thirty (30) days or more than ninety (90) days before the expiry date or the anniversary date of such expiry date from year to year thereafter, give notice in writing to the other party of a desire to terminate such Agreement or to negotiate a revision thereof. 47.02 When the required notice for termination or revision is given by either party, negotiations in connection with same shall be started as soon as reasonably possible and conducted, so that if it is reasonably possible, same may mutually and satisfactorily be concluded within the notification period.

  • Auto-Renewal In the event that this Agreement is automatically renewed, the Business Associate agrees to be bound by the terms of this Agreement and laws referenced in this Agreement that are current and in effect at the time of renewal.

  • Nonrenewal We may elect not to renew this policy. We may do so by delivering to you, or mailing to you at your mailing address shown in the Declarations, written notice at least 30 days before the expiration date of this policy. Proof of mailing will be sufficient proof of notice.