Contract Term Extension. “Contract Term Extension” means an extension of the term of this contract, at the request of Purchaser, under this Subsection. This Subsection does not obligate Contracting Officer to grant Contract Term Extension.
Contract Term Extension. In addition to any stated extension periods in the Contract, any Contract or portion thereof awarded by the Commissioner may be extended by mutual agreement of the Commissioner and the Contractor for an additional period of up to one year. Such extension for up to an additional one-year period may be exercised on a month-to-month basis or in other stated periods of time.
Contract Term Extension. 1. In the event that Purchaser’s operations are delayed and Purchaser is not able to complete the requirements of this Contract prior to the termination date, the State may grant an extension of the term of this Contract. An extension will be considered by the State under only the following circumstances:
a. The State determines an extension is in its best interests;
b. Purchaser applies for the extension in writing at least 30 days prior to the termination date.
c. The State notifies the Purchaser that an extension is required.
d. Purchaser has provided the State with written notice from the surety that the performance bond on this contract has been extended for a period commensurate with the requested contract extension.
e. Purchaser has made a good faith effort to complete the sale.
f. The extension request is not based on poor log and/or market conditions.
2. If the contract term extension is granted, Purchaser shall conduct continuous operations through the operating periods and/or resume operations at the start of the next operating period until the requirements of this Contract are completed. No extension shall be granted for a period longer than eighteen (18) months after the termination date as provided herein unless a longer extension is determined to be in the State’s best interest.
3. If the extension is requested and granted because of delays resulting from matters within Purchaser’s control, the following will apply:
a. Purchaser shall pay an extension fee of $ 500.00.
b. Stumpage rates for any volume cut, skidded or hauled during the extension period will be escalated a minimum of 10% to reflect the interest lost to the trust beneficiaries.
c. No de-escalation will occur from the time the extension is granted by the Administrator, as documented in a signed modification, through the remainder of the Contract.
4. An extension may be granted to the Purchaser without penalty if the State prohibits logging activity for more than 2 weeks during the operating period described in this Contract.
5. All conditions of this contract shall remain in force during any period of extension, unless those conditions are amended by the terms of the extension.
6. In the event the Contract terminates pursuant to Section I.C, TERM OF CONTRACT due to expiration of the time within which its performance shall have been completed, and the Department has not granted an extension, the Purchaser shall immediately cease all operations within the Gross Sale Area as shown i...
Contract Term Extension. If the associated procurement contract is extended the contract term of this contract shall be extended to include additional calendar days equal to the additional time on the procurement contract.
Contract Term Extension. In the event a replacement Contract has not been issued, any Contract let and awarded hereunder by the State may be extended unilaterally by the State for an additional period of up to 30 calendar days upon notice to the Contractor with the same terms and conditions as the original Contract and any approved modifications. With the concurrence of the Contractor, the extension may be for a period of up to 90 calendar days in lieu of 30 calendar days. However, this extension automatically terminates should a replacement Contract be issued in the interim.
Contract Term Extension. The Contract term provided for in this section shall extend 6 months beyond its termination date only for Authorized Users whose contracts must be registered with the Office of the New York City Comptroller. During the 6-month period the definition of Authorized User shall be deemed to refer only to Authorized Users whose contracts must be registered with the Office of the New York City Comptroller. This extension is in addition to any other extensions available under the Contract. The extension provided for in this paragraph shall be upon the then-existing terms and conditions; provided, however, during such extension an Authorized User, as defined in this paragraph, may agree to amend such terms and conditions solely to comply with changes in statutory requirements (e.g. changes in minimum, prevailing or living wages, or regulated services).
Contract Term Extension. Unless otherwise provided for in this contract, the State and Contractor agree: (1) that any holding over of the contract excluding any exercised renewal options, will be considered as a month-to-month extension, and all other terms and conditions shall remain in full force and effect and (2) to provide written notice to the other party of the intent to cancel such month-to-month extension at least thirty (30) days before the desired date of cancellation.
Contract Term Extension. “Contract Term Extension” means an extension of the term of this contract, at the request of Contractor, under this Subsec- tion. This Subsection does not obligate Contracting Officer to grant Contract Term Extension. An extension can only be granted when Contracting Officer has determined that Contractor has diligently performed under the terms of this contract and when such extension is determined to be in the best interest of Forest Service.
Contract Term Extension. Contract extensions and any other conditions subject to the extension as agreed to by the Purchaser and State, must be formalized in writing, signed by Purchaser and State.
Contract Term Extension. “Contract Term Extension” means an extension of the term of this contract, at the request of Contractor, under this Sub- section. This Subsection does not obligate Contracting Officer to grant Contract Term Extension. An extension can only be granted when Contracting Officer has de- termined that Contractor has diligently performed under the terms of this contract and when such extension is determined to be in the best interest of Forest Service. Contracting Officer may not grant Contractor’s writ- ten request for Contract Term Extension, unless Con- tractor’s Operations to date have been in reasonable compliance with contract terms and the approved Tech- nical Proposal under B6.311 and all contractual require- ments have been met by Contractor and accepted by Forest Service in active stewardship project areas and on areas cut over at time of Contractor’s request, except for areas where work is in progress at time of Contrac- tor’s request. Contractor’s burning of current slash or seeding or planting for erosion control may be tempo- rarily waived, if weather or other considerations make such work impractical. Contract Term Extension shall not become effective unless the initial Extension Deposit required by B4.217 has been made by the effective date of any extension. When such extension is made, Forest Service shall make an appraisal using standard Forest Service meth- ods and appraisal data in effect 45 days prior to the orig- inal Termination Date. Bid Premium Rates shall be added to such appraised rates to establish Flat Rates or Tentative Rates for the extension period. In event rates so established would develop Current Contract Value immediately prior to such an extension that is less than Current Contract Value at that time, Flat Rates and Tentative Rates in effect immediately prior to extension shall be retained for the extension period.
