Common use of Contract Term Extension Clause in Contracts

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. Contracting Officer may not grant Contractor’s written request for Contract Term Extension, unless Contractor’s Operations to date have been in reasonable compliance with contract terms and the approved Technical Proposal under BT6.311 and all contractual requirements 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 pro- xxxxx at time of Contractor’s request. Contractor’s burning of current slash or seeding or planting for erosion control may be temporarily waived, if weather or other considera- tions make such work impractical. Contract Term Extension shall not become effective unless the initial Extension Deposit required by BT4.217 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 methods and appraisal data in effect 45 days prior to the original 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 estab- lished would develop Current Contract Value immediately prior to such an extension that is less than Current Con- tract Value at that time, Flat Rates and Tentative Rates in effect immediately prior to extension shall be retained for the extension period.

Contract Term Extension. “Contract Term Extension” means an extension of the term of this contract, at the request of Contractor, under this Subsec- tionSub- section. This Subsection does not obligate Contracting Officer to grant Contract Term Extension. An extension can only be granted when Contracting Officer has determined 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 written writ-‌‌‌‌ ten request for Contract Term Extension, unless ContractorCon- tractor’s Operations to date have been in reasonable compliance with contract terms and the approved Technical Tech- nical Proposal under BT6.311 B6.311 and all contractual requirements require- ments have been met by Contractor and accepted by 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 pro- xxxxx progress at time of ContractorContrac- tor’s request. Contractor’s burning of current slash or seeding or planting for erosion control may be temporarily tempo- rarily waived, if weather or other considera- tions considerations make such work impractical. impractical.‌‌‌‌ Contract Term Extension shall not become effective unless the initial Extension Deposit required by BT4.217 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 methods meth- ods and appraisal data in effect 45 days prior to the original 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 estab- lished established would develop Current Contract Value immediately prior to such an extension that is less than Current Con- tract Contract Value at that time, Flat Rates and Tentative Rates in effect immediately prior to extension shall be retained for the extension period.period.‌‌