by 1970 2013-08-25, 5:35 pm
Section IV.2 Renewal. This Agreement shall be renewed upon the expiration of the initial term set forth in Section 4.1 above, and following any renewal term, unless: (i) an arbitrator or court has determined that Registry Operator has been in fundamental and material breach of Registry Operator's obligations set forth in Sections 3.1(a), (b), (d) or (e); Section 5.2 or Section 7.2 despite notice and an opportunity to cure in accordance with Article VI hereof and (ii) following the final decision of such arbitrator or court, Registry Operator has failed to correct the conduct found to constitute such breach within ten (10) days of such decision, or such other time frame designated by the arbitrator or court. Upon renewal, in the event that the terms of this Agreement are not similar to the terms generally in effect in the registry agreements of the five top level domains most reasonably comparable to the TLD (provided however that if less than five TLDs are reasonably comparable, then comparison shall be made with such lesser number), renewal shall be upon terms reasonably necessary to render the terms of this Agreement similar to such terms in the registry agreements for those other top level domains. Upon renewal, registry fees payable to ICANN may be reasonably modified so long as any increase in such fees shall not exceed the average of the percentage increase in registry fees for the five most reasonably comparable TLDs (or such lesser number as provided above) during the prior three year period.
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