Common use of Term for Services Clause in Contracts

Term for Services. The provision of Group A Services shall commence on the date hereof and, with respect to each Group A Service, shall terminate on the date which is thirty (30) days following the Closing Date (the "Initial Term"); provided that ISS may, at its option, extend the Initial Term for one additional period of thirty (30) days by providing five (5) days advance written notice to HMT (the "Renewal Term") .

Appears in 1 contract

Sources: Asset Purchase Agreement (Iteq Inc)

Term for Services. The provision of Group A Services shall commence on the date hereof (the "Closing Date" and, with respect to each Group A Service, shall terminate on the date which is thirty (30) days following the Closing Date (the "Initial Term"); provided that ISS may, at its option, extend the Initial Term for one additional period of thirty (30) days by providing five (5) days advance written notice to HMT (the "Renewal Term") .

Appears in 1 contract

Sources: Asset Purchase Agreement (Iteq Inc)