Common use of CONTRACT TERM AND EXTENSIONS Clause in Contracts

CONTRACT TERM AND EXTENSIONS. The term of this Participating Addendum shall begin on the date of approval by the New York State Office of the State Comptroller (OSC) and shall end upon the expiration or termination of the Master Contract, subject to OGS’ right to terminate this Participating Addendum as provided herein. It is the intent of the Parties that the term of this Participating Addendum be coterminous with the term of the Master Contract; accordingly, the term of this Participating Addendum shall be deemed extended whenever the term of the Master Contract is extended, without the need for the Parties to execute an extension or amendment to this Participating Addendum.