ADDITIONAL OPTION TO EXTEND CONTRACT PERFORMANCE Sample Clauses
The 'Additional Option to Extend Contract Performance' clause grants one or both parties the right to prolong the duration of the contract beyond its original end date. Typically, this clause outlines the conditions under which an extension can be exercised, such as providing written notice within a specified timeframe or agreeing to certain terms for the extended period. Its core practical function is to provide flexibility, allowing parties to continue their business relationship without renegotiating a new contract, thereby ensuring continuity and accommodating unforeseen circumstances that may require more time to complete contractual obligations.
ADDITIONAL OPTION TO EXTEND CONTRACT PERFORMANCE. If the options granted in Paragraph 4 have been exercised in their entirety, the Authority shall have the unilateral right and option to require continued performance of any services within the limits and rates specified in the Contract. This option may be exercised more than once, but the extension of performance hereunder shall not exceed a total of 6 months. The Authority may exercise the option by written notice to the Contractor.
ADDITIONAL OPTION TO EXTEND CONTRACT PERFORMANCE to be made a part hereof for all pertinent purposes. The changes are as follows:
ADDITIONAL OPTION TO EXTEND CONTRACT PERFORMANCE. The Authority shall have the unilateral right and option to require continued performance of any Services within the limits and rates specified in the Contract. This option may be exercised more than once, but the extension of perfor- ▇▇▇▇▇ hereunder shall not exceed a total of 6 months. The Authority may exercise the option by written notice to the Contractor.
ADDITIONAL OPTION TO EXTEND CONTRACT PERFORMANCE. GRTC shall have the unilateral right and option to require continued performance of any services within the limits and rates specified in the Contract. This option may be exercised more than once, but the extension of performance hereunder shall not exceed a total of 6 months. GRTC may exercise the option by written notice to the Contractor.