Common use of TERM OF THIS AMENDMENT Clause in Contracts

TERM OF THIS AMENDMENT. 7.1 The initial term (“Initial Term”) of this Amendment shall be three (3) years from the Effective Date of this Amendment. This Amendment shall automatically renew for successive one (1) year terms unless either party provides the other with written notice of cancellation of this Amendment at least one hundred eighty (180) days prior to the expiration of the then-current term. 7.2 TRX may provide written notice of its intention to increase fees in any term after the Initial Term. TRX will work in good faith to provide such notice including all details of the new pricing at least three hundred and sixty five (365) days prior to expiration of the then current term. If the proposed new fees are unacceptable to User, User must provide written notice of termination at least one hundred eighty (180) days prior to the expiration of the then current term.