Common use of Term, Termination and Renewal Clause in Contracts

Term, Termination and Renewal. Both Bell and Owner acknowledge and agree that the term of this Agreement is effective as of the date last signed by both parties below and shall continue to run for a period not to exceed ten (10) years from the date hereof (the "Term"). Unless a Party provides the other party hereto with written notice of its intention not to renew this Agreement at least one hundred and eighty (180) days prior to the expiration of the Term or Renewal Term (as defined below), as the case may be, this Agreement shall automatically renew for successive one (I) year renewal terms (the "Renewal Term") on the terms and conditions herein. Either Party may terminate this Agreement: i) for a material breach hereof, where such breach is not cured within thirty (30) days of receipt of written notice by the other party of such '¥~ of breach, or ii) immediately, in the event of bankruptcy, reorganization, assignment petition or appointment of a trustee or such other act of insolvency of the other party. Where title to the Sales Center and/or Building transfers to a condominium corporation (the "Condominium Corporation") before the end of the Term, the Condominium Corporation shall assume and agrees to be bound by all the rights and obligations of the Owner as set out herein pursuant to the terms of the Condominium Act, 1998. Upon expiry or earlier termination of this Agreement, Bell shall be allowed ninety (90) days to remove the Equipment.

Term, Termination and Renewal. Both Bell and Owner acknowledge and agree that the term of this Agreement is effective as of the date last signed by both parties below and shall continue to run for a period not to exceed ten (10) years from the date hereof (the "Term"). Unless a Party provides the other party hereto with written notice of its intention not to renew this Agreement at least one hundred and eighty (180) days prior to the expiration of the Term or Renewal Term (as defined below), as the case may be, this Agreement shall automatically renew for successive one (I1) year renewal terms (the "Renewal Term") on the terms and conditions herein. Either Party may terminate this Agreement: i) for a material breach hereof, where such breach is not cured within thirty (30) days of receipt of written notice by the other party of such '¥~ of breach, or ii) immediately, in the event of bankruptcy, reorganization, assignment assignment, petition or appointment of a trustee or such other act of insolvency of the other party. Where title to the Sales Center and/or Building transfers to a condominium corporation (the "Condominium Corporation") before the end of the Term, the Condominium Corporation shall assume and agrees to be bound by all the rights and obligations of the Owner as set out herein pursuant to the terms of the Condominium Act, . 1998. Upon expiry or earlier termination of this Agreement, Bell shall be allowed ninety (90) days to remove the Equipment.

Term, Termination and Renewal. Both Bell and Owner acknowledge and agree that the term of this Agreement is effective as of the date last signed by both parties below and shall continue to run for a period not to exceed ten (10) years from the date hereof (the "Term"). Unless a Party provides the other party hereto with written notice of its intention not to renew this Agreement at least one hundred and eighty (180) days prior to the expiration of the Term or Renewal Term (as defined below), as the case may be, this f Agreement shall automatically renew for successive one (I) year renewal terms (the "Renewal Term") on ' the terms and conditions herein. Either Party may terminate this Agreement: i) for a material breach hereof, where such breach is not cured within thirty (30) days of receipt of written notice by the other party of such '¥~ of breach, or ii) immediately, in the event of bankruptcy, reorganization, assignment assignment, petition or appointment of a trustee or such other act of insolvency of the other party. Where title to the Sales Decor Center and/or i Building transfers to a condominium corporation (the "Condominium Corporation") before the end of the }I Term, the Condominium Corporation shall assume and agrees to be bound by all the rights and obligations ' ~ of the Owner as set out herein pursuant to the terms of the Condominium Act, 1998. Upon expiry or earlier termination of this Agreement, Bell shall be allowed ninety (90) days to remove the Equipment.

Term, Termination and Renewal. Both Bell and Owner acknowledge and agree that the term of this Agreement is effective as of the date last signed by both parties below and shall continue to run for a period not to exceed of ten (10) years from the date hereof (the hereof(the "Term"). Unless a Party provides the other party hereto with written notice of its intention not to renew this Agreement at least one hundred and eighty (180) days prior to the expiration of the Term or Renewal Term (as defined below), as the case may be, this Agreement shall automatically renew for successive one (I1) year renewal terms (the "Renewal Term") on the terms and conditions herein. Either Party may terminate this Agreement: i) for a material breach hereof, where such breach is not cured within thirty (30) days of receipt of written notice by the other party of such '¥~ of breach, or ii) immediately, in the event of bankruptcy, reorganization, assignment assignment, petition or appointment of a trustee or such other act of insolvency of the other party. Where title to the Sales Center and/or Building transfers to a condominium corporation (the "Condominium Corporation") before the end of the Term, the Condominium Corporation shall assume and agrees to be bound by all the rights and obligations of the Owner as set out herein pursuant to the terms of the Condominium Act, 1998. Upon expiry or earlier termination of this Agreement, Bell shall be allowed ninety thirty (9030) days to remove the Equipment.. In the event Bell fails to remove the Equipment within 90 days after termination of this Agreement or any renewal or extension thereof, the Owner shall be entitled to retain ▇▇▇▇'▇ Equipment for use by the Owner or its substitute communications