Term and Renewals. This Agreement shall remain in full force and effect for a primary term beginning with the Effective Date hereof (as defined in Section 12.02 below) and continuing through the one hundred twentieth (120th) month thereafter. Customer may terminate this Agreement prior to the end of the ten-year primary term by giving Seller and Big Rivers at least twelve (12) months’ prior notice in accordance with Article VIII of this Agreement. After the primary term, this Agreement shall automatically renew for successive terms of one year each (each, a “Renewal Term”) unless a Party elects to terminate the Agreement by providing written notice of termination to the other Party at least six months’ prior to the start of any Renewal Term.
Appears in 3 contracts
Sources: Settlement Agreement, Settlement Agreement, Electric Service Agreement