Example ContractsClausesinitial term; renewal termsVariants
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Term. This Agreement shall have an initial term of one year from the Effective Date and may be renewed for an unlimited number of successive one-year terms upon mutual consent of the parties. The Company (acting through the Independent Directors) will evaluate the performance of the Advisor annually before renewing this Agreement, and each such renewal shall be for a term of no more than one year. Any such renewal must be approved by the Independent Directors.

Term.

Term; Renewal. This Agreement shall have an initialhas a one-year term of one year from the Effective Date and shall continue in full force until the first anniversary of the Effective Date. Thereafter, this Agreement may be renewed for an unlimited number of successive one-year terms upon mutual consent of the parties. The Company (acting throughIt is the Independent Directors) willBoard’s duty to evaluate the performance of the Advisor annually before reentering into or renewing this Agreement, and each such renewal shall be for a term of no more than one year. Any such renewal must be approved by the Independent Directors. If this Agreement is not renewed by either party, the notice provisions of [Section 13.02] shall apply to such determination to not renew.

Term.

TERM OF AGREEMENT. This Agreement shall have an initial termcontinue in force for a period of one year from the Effective Date and may be renewed forDate, subject to an unlimited number of successive one-year termsrenewals upon mutual consent of the parties. The Company (acting throughIt is the Independent Directors) willduty of the Board to evaluate the performance of the Advisor annually before renewing thisthe Agreement, and each such renewal shall be for a term of no more than one year. Any such renewal must be approved by the Independent Directors.

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