RENEWED

RENEWED. Or "RENEWAL", as used in conjunction with Seeded Storefront or Additional Seeded Storefront, means that the applicable Microsoft Customer has: (i) continued or renewed its contract with VerticalNet for a Storefront or E-Commerce Center beyond its initial term; or (ii) entered into a replacement or new contract for a Storefront or E-Commerce Center within 6 months after the expiration or other termination of a prior contract for a similar Storefront or E-Commerce Center. Renewals will be treated... hereunder as having a term of up to 12 months (regardless of the actual contract duration), so that each Renewal with a term of 12 months or less will be deemed to be 1 Renewal, each Renewal with a term of more than 12 months but not more than 24 months will be deemed to be 2 Renewals, and so on. View More