Renewals and Terminations Clause Samples

The 'Renewals and Terminations' clause defines the conditions under which a contract may be extended beyond its original term or brought to an end. Typically, it outlines the process for automatic or manual renewal, such as requiring notice from one or both parties before the contract renews, and specifies the procedures and notice periods required for termination. This clause ensures both parties understand how and when the agreement can continue or be concluded, thereby providing predictability and reducing the risk of disputes over the contract's duration.
Renewals and Terminations. This Agreement is automatically renewed at the end of each period with consent of each party. The T&C must be adhered to at all times. Failure to follow T&C can result in non-renewal or even early termination of the usage license. inTANDEM workspace reserves the right to terminate any Service at any time, immediately and without notice, if you fail to comply with the T&C. This includes non-payment or violation of the space rules. If this happens, inTANDEM workspace will refund any amounts paid for unused periods that remain after deducting any pending charges, on a pro-rata basis. Members may terminate this Agreement by giving a written notice of termination as established in this Agreement. Termination shall be in effect as of the end of that calendar month. Should Member not provide timely notice of termination to inTANDEM workspace then the Membership Period shall continue to the end of the following calendar month and the service fees for that calendar month shall be payable. The member is automatically invoiced monthly in advance based on their membership option. Also included are any variable charges such office supplies that may have been incurred during the pervious period. Payment is required at the beginning of the month for that period, at the date specified in the invoice. Payment for casual usage is either paid on the day of use unless other arrangements have been made with inTANDEM workspace. Your participation in and use of the Services as inTANDEM workspace deems necessary to satisfy any applicable law, regulation, legal process or governmental request, or to edit, refuse to post or to remove any information or materials, in whole or in part in inTANDEM workspace sole discretion.
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Renewals and Terminations. Once the payment for a period of time is done, no refunds are possible. In case of renewal of the services, these terms and conditions are automatically renewed with consent of each party. CoCreative Coworking Split reserves the right to terminate any Service at any time, immediately and without notice, if you fail to comply with the T&C. Members may terminate this Agreement by giving a written notice over email of termination as established in this Agreement.
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Renewals and Terminations. The Annual Membership Fee covers a period of one (1) year. Failure to pay the renewal Annual Membership Fee before the expiration of the prior membership period may result in termination of membership. The Practice is permitted to terminate this Agreement for any reason with ninety (90) days prior written notice in which case the Member is entitled to a prorated refund of the Annual Membership Fee. The Member is permitted to terminate this Agreement for any reason with ninety (90) days prior written notice in which case the Member is entitled to a prorated refund of the Annual Membership Fee.
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Renewals and Terminations. This Agreement is automatically renewed at the end of each month unless you provide the Startup Factory Network written notice of termination at least fourteen (14) days prior to the first day of the month in which this Agreement is to terminate. In the event you terminate this Agreement, any amount paid to the Startup Factory Network in advance shall be forfeited as liquidated damages. The Startup Factory Network may terminate this Agreement for any reason, immediately and without notice, by providing you written notice of termination. In the event the Startup Factory Network terminates this Agreement, the Startup Factory Network shall refund the pro rata amount paid in advance for any unused membership days less pending charges. In the event the Startup Factory Network terminates this Agreement without at least four (4) days’ notice, you shall be allowed a reasonable time, but in no event longer than four (4) calendar days, to remove any personal property in the Launch Space. At the termination of this Agreement, you shall repair any damage you caused to the Launch Space, including damage to any and all furniture, fixtures and equipment provided by the Startup Factory Network, to its condition prior to your use. You shall be responsible for the cost of any damage caused by you, your employees, guests, business partners and affiliates. You will be automatically invoiced monthly in advance based on a price established by the Startup Factory Network for your membership option. Payment shall be made on or before the date specified in the invoice, but in no event sooner than three (3) days from your receipt of the invoice, and shall be made by check payable to the Startup Factory, LLC. Payment may be paid in person at the Economic Development Core Facility in the ISU Research Park, ▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇, ▇▇▇▇▇ ▇▇▇▇ or can be remitted by mail to: Startup Factory, LLC ATTN: ▇▇▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇, ▇▇▇▇▇ ▇▇▇▇ Ames, IA 50010 If payment is not made on or before the date specified in the invoice, a $50 late payment fee will be assessed in addition to the amount on the monthly invoice. In the event that your check for payment of fees for your Membership is returned, an additional fee of $50 per returned check will be assessed. The Startup Factory Network reserves the right, at all times, to disclose any information about you it deems necessary to satisfy any applicable law, regulation, legal process or governmental request and to edit, refuse to po...
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Renewals and Terminations. This Agreement is automatically renewed at the end of each month upon payment of the subsequent month’s fees, unless you provide the ISU Research Park written notice of termination at least fourteen (14) days prior to the end of each month. In the event you terminate this Agreement, any amount paid to the ISU Research Park in advance shall be forfeited as liquidated damages. The ISU Research Park may terminate this Agreement for any reason, immediately and without notice, by providing you written notice of termination. In the event the ISU Research Park terminates this Agreement, the ISU Research Park shall refund the pro rata amount paid in advance for any unused membership days less pending charges. At the termination of this Agreement, you shall repair any damage you caused to the Launch Space, including damage to any and all furniture, fixtures and equipment provided by the ISU Research Park, to its condition prior to your use. You shall be responsible for the cost of any damage caused by you, your employees, guests, business partners and affiliates. You will be automatically invoiced monthly in advance based on a price established by the ISU Research Park for your membership option. Payment shall be made on or before the date specified in the invoice, but in no event sooner than three (3) days from your receipt of the invoice, and shall only be paid via the web payment system to the ISU Research Park. If payment is not made on or before the date specified in the invoice, your co-working privileges will be immediately revoked. The ISU Research Park reserves the right, at all times, to disclose any information about you it deems necessary to satisfy any applicable law, regulation, legal process or governmental request and to edit, refuse to post or remove any information or materials, in whole or in part, in the Launch Space at its sole discretion.
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Renewals and Terminations. This Agreement is automatically renewed at the end of each period with consent of each party. The T&C must be adhered to at all times. Failure to follow T&C can result in non renewal or even early termination of the usage license. Steno reserves the right to terminate any Service at any time, immediately and without notice, if you fail to comply with the T&C. This includes non-payment or violation of the space rules. If this happens, ▇▇▇▇▇ will refund any amounts paid for unused periods that remain after deducting any pending charges, on a prorata basis. The member is automatically invoiced monthly in advance based on their membership option.Payment is required at the beginning of the month for that period, at the date specified in the invoice. Payment for casual usage is either paid on the day of use unless other arrangement have been made with Steno. Your participation in and use of the Services as Steno deems necessary to satisfy any applicable law, regulation, legal process or governmental request, or to edit, refuse to post or to remove any information or materials, in whole or in part in Steno sole discretion.
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Renewals and Terminations. This Agreement is automatically renewed at the end of each period with consent of each party. The T&C must be adhered to at all times. Failure to follow T&C can result in non renewal or even early termination of the usage license. Rume2 Ltd reserves the right to terminate any Service at any time, immediately and without notice, if you fail to comply with the T&C. This includes non-payment or violation of the space rules. If this happens, Rume2 Ltd will refund any amounts paid for unused periods that remain after deducting any pending charges, on a prorata basis. Members may terminate this Agreement by giving a written notice of termination no less than 30 days before the end of this agreement. Termination shall be in effect as of the end of that calendar month. Should Member not provide timely notice of termination to Rume2 Ltd then the Membership Period shall continue to the end of the following calendar month and the service fees for that calendar month shall be payable. The member is automatically invoiced monthly in advance based on their membership option. Payment is required at the beginning of the month for that period, at the date specified in the invoice. Payment for casual usage is either paid on the day of use unless other arrangement has been made with Rume2 Ltd. Rume2 Ltd reserves the right at all times to disclose any information about you Your participation in and use of the Services as Rume2 Ltd deems necessary to satisfy any applicable law, regulation, legal process or governmental request, or to edit, refuse to post or to remove any information or materials, in whole or in part in Rume2 Ltd sole discretion.
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Related to Renewals and Terminations

  • Term and Termination The term of this Agreement shall commence as of the Effective Date and shall stay in effect until the last to expire issued Valid Claim covering Licensed Products included in the Patent Rights, unless otherwise terminated earlier as provided below in this Article 4 (collectively, the “Term”). a. If LIMR believes in good faith that NewLink has materially breached its obligations under Section 9(a), then LIMR shall, in accordance with the terms of this paragraph 4, have the right and option to reduce NewLink’s exclusive License to a nonexclusive license or revoke the License in its entirety (by terminating the Agreement), provided that prior to taking this action: (1) LIMR shall provide NewLink written notice of the perceived breach, describing in detail the basis for LIMR’s belief that such perceived breach has occurred, describing the preferred method of cure and the proposed action to be taken by LIMR in the event of non-cure; and (2) NewLink shall have ninety (90) days to establish that it has met or will, within such ninety (90) day period, meet the applicable obligations; if the parties are still in dispute as to whether NewLink has met such obligations or cured such breach within ninety (90) days after receipt of notice from LIMR, the dispute will be submitted to binding arbitration in accordance with Section 23(b) of this Agreement, and if such arbitration determines that NewLink materially breached its obligations under Section 9(a) and did not cure such breach, then LIMR shall have the option to terminate this Agreement or to convert the License granted to NewLink in Section 2(a) to a non-exclusive license, in each case, upon prior written notice to NewLink. b. LIMR may terminate this Agreement immediately by providing NewLink written notice of termination, if: (1) NewLink ceases to function as a going concern; (2) a bankruptcy petition or action is filed or taken by or against NewLink under any United States bankruptcy law; (3) a receiver, assignee or other liquidating officer is appointed with control for all or substantially all of the assets of NewLink; or (4) NewLink makes an assignment for the benefit of creditors of all or substantially all its assets; provided, that, in the case of subclauses (b)(2), (3) or (4) above, such aforementioned circumstance is not remedied, dismissed or stayed within the earlier of sixty (60) days of (x) occurrence of (b)(2), (3) or (4) or (y) LIMR’s notice of its intent to terminate this Agreement; Notwithstanding anything in Sections 4(a) or (b) or 23 to the contrary, at any time that LIMR or NewLink believes that the other party has defaulted under this Agreement and that such default will irreparably harm such party, in addition to its rights under this Agreement and at law, such party shall have the right to seek all applicable equitable remedies. c. If NewLink fails to make any payment whatsoever due and payable to LIMR hereunder, LIMR shall have the right to terminate this Agreement effective on ninety (90) days written notice, unless NewLink shall make all such payments to LIMR within said ninety (90) day period, and provided that the payments demanded by LIMR are not disputed by NewLink. In the event of a dispute of such payments by NewLink, the parties shall use good faith efforts to resolve the dispute, which if not resolved by the end of four (4) months either party may submit the dispute to binding arbitration pursuant to Section 23(b). Any disputed payments submitted to arbitration hereunder be paid into escrow the arbitrator or other independent escrow agent acceptable to both parties in their reasonable discretion unless and until determined due by the arbitrator under Section 23(b), provided, however that if the arbitrator determines that amounts are payable by NewLink to LIMR, then such outstanding amounts will bear interest back to the date that they originally accrued at the default rate of Prime plus 4%. Prime shall be the prime rate published by the Wall Street Journal or if the Wall Street Journal publishes more than one prime rate, then the average of the prime rates published by the Wall Street Journal, and if the Wall Street Journal does not publish a prime rate, then the prime rate of the largest bank in Philadelphia, Pennsylvania. d. NewLink shall have the right to terminate this Agreement at any time on ninety (90) days prior written notice to LIMR, provided that NewLink shall remain obligated to complete payment of all amounts that have accrued and are owed to LIMR through the effective date of the termination. In the event NewLink terminates the Agreement, the license granted hereunder shall be deemed terminated, and all rights with respect to the subject matter thereof revert to LIMR and all further obligations of NewLink to LIMR (except for obligations accrued prior to such termination) shall automatically be terminated. e. Upon expiration or termination of this Agreement for any reason, nothing herein shall be construed to release either party from any obligation that has accrued prior to the effective date of such termination. NewLink and any Sublicensee thereof may, however, after the effective date of such termination, sell all then existing Licensed Products, and complete Licensed Products in the process of manufacture at the time of such termination and sell the same, provided that NewLink shall make the payments to LIMR as required by Articles 8 & 9 of this Agreement and shall submit the reports as required by Article 11 hereof. f. Sections 4(e), 4(f), 7(b) (but solely with respect to sales made pursuant to Section 4(e)), 11, 12, 13 (solely for the period specified therein), 14, 18, 19, 20, 21 and 23 shall survive termination or expiration of this Agreement.

  • Expiration and Termination This Agreement is for one academic year (August 1, 2018 through July 31, 2019) and will automatically renew for the following academic year unless terminated as indicated below by either party. a. Any party may terminate this Agreement by written notice to the other at any time if that other party: (i.) commits a breach of this Agreement and, has not yet remedied the breach within 14 days of being notified of the facts and circumstances giving rise to the breach; or

  • Term of Agreement and Termination 2.1. This Agreement enters into effect at the time of acceptance of this Agreement. 2.2. This Agreement will terminate without any further notice in the event products offered under this Agreement have not been used during a period of two (2) years. 2.3. This Agreement may be terminated at any time by either party with 30 days written notice. 2.4. This Agreement may be terminated by SAS with immediate effect if the CMP Code is used for private purposes or if SAS has reasonable cause to believe that such or similar misuse has occurred or if the Buyer is put into bankruptcy, enters into liquidation or is otherwise deemed to be insolvent.

  • Renewal and Termination A. This Agreement shall become effective on the date written below and shall continue in effect for one (1) year thereafter, unless sooner terminated as hereinafter provided and shall continue in effect thereafter for periods not exceeding one (1) year so long as such continuation is approved at least annually (i) by a vote of a majority of the outstanding voting securities of the Fund or by a vote of the Board of Trustees of the Trust, and (ii) by a vote of a majority of the Trustees of the Trust who are not parties to the Agreement (other than as Trustees of the Trust) or “interested persons” of any such party, cast in person at a meeting called for the purpose of voting on the Agreement. B. This Agreement: (i) may at any time be terminated without the payment of any penalty either by vote of the Board of Trustees of the Trust or by vote of a majority of the outstanding voting securities of the Fund on sixty (60) days’ written notice to the Adviser; (ii) shall immediately terminate with respect to the Fund in the event of its assignment; and (iii) may be terminated by the Adviser on sixty (60) days’ written notice to the Fund. C. As used in this Paragraph the terms “assignment,” “interested person” and “vote of a majority of the outstanding voting securities” shall have the meanings set forth for such terms in the 1940 Act. D. Any notice under this Agreement shall be given in writing addressed and delivered, or mailed post-paid, to the other party at any office of such party.

  • Suspension and Termination Schedule 6 shall have effect.