Common use of Contract Term Extension Clause in Contracts

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 in Table 1. Operations beyond the contract termination date for which the Department has not granted an extension will be treated as trespass.

Contract Term Extension. 1. In the event that Purchaser’s operations are delayed 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 in Table 1. Operations beyond the contract termination date for which the Department has not granted an extension will be treated as trespass.

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 harvest completion date or 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 7 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 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 one (181) months month 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 Contract350.00. 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 Permit Area as shown in Table 1. Operations beyond the contract termination date for which the Department has not granted an extension will be treated as trespass.

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 harvest completion date or 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 the USFS and State’s 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 and USFS’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 period within which its performance shall have been completed, and the Department State has not granted an extension, the Purchaser shall immediately cease all operations within the Gross Sale Area as shown in Table 1. Operations beyond the contract termination date for which the Department State has not granted an extension will be treated as trespass.

Contract Term Extension. 1. In the event that Purchaser’s operations are delayed 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 in Table 1. Operations beyond the contract termination date for which the Department has not granted an extension will be treated as trespass.

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 harvest completion date or 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. In addition to the minimum 10% stumpage-rate escalation provided for in Section I.F.3.b., the original stumpage bid rate will be subject to escalation to reflect an increase in market value of lumber products for each 3 (three)-month period, beginning on the first day of the quarter that the extension is granted. Increased stumpage rates for each subsequent 3 month period will be determined by dividing the bid price by the 3 (three) month average lumber price for Ponderosa Pine as reported by the Western Wood Products Association Inland Lumber Price Index for the period ending the quarter prior to granting the extension; that ratio is then multiplied by the average lumber price for the 3 (three) month period immediately preceding each adjustment to determine the stumpage rates to be charged for that period. When Western Wood Products Inland Lumber Price Indexes are revised to reflect updated grade recovery percentages, the new index values will be used in the escalation calculations. d. 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 period 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 in Table 1. Operations beyond the contract termination date for which the Department has not granted an extension will be treated as trespass.

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 harvest completion date or 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 the USFS and State’s 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 and USFS’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.. SAMPLE 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 period within which its performance shall have been completed, and the Department State has not granted an extension, the Purchaser shall immediately cease all operations within the Gross Sale Area as shown in Table 1. Operations beyond the contract termination date for which the Department State has not granted an extension will be treated as trespass.

Contract Term Extension. 1. In the event that Purchaser’s operations are delayed delayed, and Purchaser is not able to complete the requirements of this Contract prior to the harvest completion date or 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. In addition to the minimum 10% stumpage-rate escalation provided for in Section I.F.3.b., the original stumpage bid rate will be subject to escalation to reflect an increase in market value of lumber products for each 3 (three)-month period, beginning on the first day of the quarter that the extension is granted. Increased stumpage rates for each subsequent 3 month period will be determined by dividing the bid price by the 3 (three) month average lumber price for Ponderosa Pine as reported by the Western Wood Products Association Inland Lumber Price Index for the period ending the quarter prior to granting the extension; that ratio is then multiplied by the average lumber price for the 3 (three) month period immediately preceding each adjustment to determine the stumpage rates to be charged for that period. When Western Wood Products Inland Lumber Price Indexes are revised to reflect updated grade recovery percentages, the new index values will be used in the escalation calculations. d. 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 period 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 in Table 1. Operations beyond the contract termination date for which the Department has not granted an extension will be treated as trespass.

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 harvest completion date or 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 the USFS and State’s 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 and USFS’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:: SAMPLE 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 period within which its performance shall have been completed, and the Department State has not granted an extension, the Purchaser shall immediately cease all operations within the Gross Sale Area as shown in Table 1. Operations beyond the contract termination date for which the Department State has not granted an extension will be treated as trespass.

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 harvest completion date or 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 the USFS and State’s 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 and USFS’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.%. SAMPLE 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 period within which its performance shall have been completed, and the Department State has not granted an extension, the Purchaser shall immediately cease all operations within the Gross Sale Area as shown in Table 1. Operations beyond the contract termination date for which the Department State has not granted an extension will be treated as trespass.

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 harvest completion date or 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. In addition to the minimum 10% stumpage-rate escalation provided for in Section I.F.3.b., the original stumpage bid rate will be subject to escalation to reflect an increase in market value of lumber products for each 3 (three)-month period, beginning on the first day of the quarter that the extension is granted. Increased stumpage rates for each subsequent 3 month period will be determined by dividing the bid price by the 3 (three) month average lumber price for Xxxxxxx-fir/western larch as reported by the Western Wood Products Association Inland Lumber Price Index for the period ending the quarter prior to granting the extension; that ratio is then multiplied by the average lumber price for the 3 (three) month period immediately preceding each adjustment to determine the stumpage rates to be charged for that period. When Western Wood Products Inland Lumber Price Indexes are revised to reflect updated grade recovery percentages, the new index values will be used in the escalation calculations. d. 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 period 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 in Table 1. Operations beyond the contract termination date for which the Department has not granted an extension will be treated as trespass.

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 harvest completion date or 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 the BLM and State’s 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 and BLM’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:: SAMPLE 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 period within which its performance shall have been completed, and the Department State has not granted an extension, the Purchaser shall immediately cease all operations within the Gross Sale Area as shown in Table 1. Operations beyond the contract termination date for which the Department State has not granted an extension will be treated as trespass.