Common use of Duration of Contract and Automatic Renewal Clause in Contracts

Duration of Contract and Automatic Renewal. The term of this Agreement shall be for three (3) years commencing on September 1, 2011, and extend through the federal fiscal years 2012-2014, which ends August 30, 2014, unless an earlier date of termination is fixed by the HUD pursuant to law. This Agreement will be automatically renewed for participation in successive three (3) year qualification periods, unless either the County or Municipality provide written notice to the other party that it elects not to participate in the next three (3) year period. By no later than May 3rd of the final year of the three (3) year ongoing program, the County will notify the participating Municipality, in writing, of its decision not to participate in the next qualification period. By no later than June 3rd of the final year of the ongoing three (3) year program, the municipality shall provide written notice to the Newark Area Office of HUD and the County of its decision not to participate in the next qualification period. The determination not to participate by either party shall remain in effect for the next three (3) successive years. In no case may the Municipality drop out of an ongoing three (3) year program except as a result of HUD action. The County and Municipality shall adopt any amendment to this Agreement incorporating changes necessary to meet the requirements for Cooperation Agreements set forth in the Urban County Qualification Notice applicable for any subsequent three (3) year qualification period, and to submit such amendment to HUD at the time of such automatic renewal, and that such failure to comply will void the automatic renewal for such qualification period. The terms of this Agreement shall remain in effect until CDBG (and HOME where applicable) funds and program income received with respect to activities carried out during the three (3) year period are expended and funded activities completed.

Appears in 2 contracts

Samples: Cooperation Agreement, Cooperation Agreement

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Duration of Contract and Automatic Renewal. The term of this Agreement shall be for three (3) years commencing on September 1, 20112014, and extend through the federal fiscal years 20122015-20142017, which ends August 30, 20142017, unless an earlier date of termination is fixed by the HUD pursuant to law. This Agreement will be automatically renewed for participation in successive three (3) year qualification periods, unless either the County or Municipality provide written notice to the other party that it elects not to participate in the next three (3) year period. By no later than May 3rd of the final year of the three (3) year ongoing program, the County will notify the participating Municipality, in writing, of its decision not to participate in the next qualification period. By no later than June 3rd of the final year of the ongoing three (3) year program, the municipality shall provide written notice to the Newark Area Office of HUD and the County of its decision not to participate in the next qualification period. The determination not to participate by either party shall remain in effect for the next three (3) successive years. In no case may the Municipality drop out of an ongoing three (3) year program except as a result of HUD action. The County and Municipality shall adopt any amendment to this Agreement incorporating changes necessary to meet the requirements for Cooperation Agreements set forth in the Urban County Qualification Notice applicable for any subsequent three (3) year qualification period, and to submit such amendment to HUD at the time of such automatic renewal, and that such failure to comply will void the automatic renewal for such qualification period. The terms of this Agreement shall remain in effect until CDBG (and HOME where applicable) funds and program income received with respect to activities carried out during the three (3) year period are expended and funded activities completed.

Appears in 1 contract

Samples: Cooperation Agreement

Duration of Contract and Automatic Renewal. The term of this Agreement shall be for three (3) years commencing on September October 1, 20112023, and extend through shall continue in full force and effect for the federal fiscal years 2012-2014consecutive three Federal Fiscal Years 2024, which ends August 2025, and 2026 , and shall end on September 30, 20142026, unless an earlier date of termination is fixed by the HUD pursuant to law. This Agreement will automatically be automatically renewed for participation in successive three (3) year qualification periods, unless either the County or Municipality provide provides written notice to the other party that it elects not to participate in a new qualification period. A copy of this notice must also be sent to the next three (3) year periodNewark HUD Field Office. By no later than May 3rd 5th of the final year of the three (3) year ongoing program, the County will notify have notified the participating Municipality, in writing, of its decision the Municipality’s right not to participate in the next new qualification period. By no later than June 3rd July 7th of the final year of the ongoing three (3) year program, the municipality shall provide written notice to the Newark Area HUD Field Office of HUD and the County of its decision should it decide not to participate in the next new qualification period. The determination not to participate by either party shall remain in effect for the next three (3) successive years. In no case may the Municipality drop out of an ongoing three (3) year program except as a result of HUD action. The County and Municipality shall adopt any amendment to this Agreement incorporating changes necessary to meet the requirements for Cooperation Agreements set forth in the Urban County Qualification Notice applicable for any a subsequent three (3) year urban county qualification period, and to submit such amendment to HUD at the time of such automatic renewalrenewal and, if the consortium's membership has changed, the state certification required under 24 CFR 92.101(a)(2)(i), and that such failure to comply will void the automatic renewal for such qualification period. The terms of this Agreement shall remain in effect until CDBG ({and HOME and ESG where applicable) funds and program income received (with respect to eligible activities carried out during the three (3) year qualification period and each successive qualification periods for which the agreement is renewed) are expended and funded activities completed.

Appears in 1 contract

Samples: Cooperation Agreement

Duration of Contract and Automatic Renewal. The term of this Agreement shall be for three (3) years commencing on September June 1, 20112018, and extend through the federal fiscal program years 20122018-20142020, which ends August 30May 31, 20142021, unless an earlier date of termination is fixed by the HUD pursuant to law. This Agreement will be automatically renewed for participation in successive three (3) year qualification periods, unless either the County or Municipality provide written notice to the other party that it elects not to participate in the next three (3) year period. By no later than May 3rd 16th of the final year of the three (3) year ongoing program, the County will notify the participating Municipality, in writing, of its decision not to participate in the next qualification period. By no later than June 3rd 20th of the final year of the ongoing three (3) year program, the municipality shall provide written notice to the Newark Area Office of HUD and the County of its decision not to participate in the next qualification period. The determination not to participate by either party shall remain in effect for the next three (3) successive years. In no case may the Municipality drop out of an ongoing three (3) year program except as a result of HUD action. The County and Municipality shall adopt any amendment to this Agreement incorporating changes necessary to meet the requirements for Cooperation Agreements set forth in the Urban County Qualification Notice applicable for any subsequent three (3) year qualification period, and to submit such amendment to HUD at the time of such automatic renewalrenewal and if the consortium’s membership has changed, the state certification required under 24 CFR 92.101(a)(2)(i), and that such failure to comply will void the automatic renewal for such qualification period. The terms of this Agreement shall remain in effect until CDBG (HOME and HOME ESG where applicable) funds and program income received with respect to eligible activities carried out during the three (3) year period and each successive qualification period for which the agreement is renewed are expended and funded activities completed.

Appears in 1 contract

Samples: Cooperation Agreement

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Duration of Contract and Automatic Renewal. The term of this Agreement shall be for three (3) years commencing on September 1, 20112020, and extend through the federal fiscal years 20122021-20142023, which ends August 30, 20142021, unless an earlier date of termination is fixed by the HUD pursuant to law. This Agreement will be automatically renewed for participation in successive three (3) year qualification periods, unless either the County or Municipality provide written notice to the other party that it elects not to participate in the next three (3) year period. By no later than May 3rd 16th of the final year of the three (3) year ongoing program, the County will notify the participating Municipality, in writing, of its decision not to participate in the next qualification period. By no later than June 3rd 20th of the final year of the ongoing three (3) year program, the municipality shall provide written notice to the Newark Area Office of HUD and the County of its decision not to participate in the next qualification period. The determination not to participate by either party shall remain in effect for the next three (3) successive years. In no case may the Municipality drop out of an ongoing three (3) year program except as a result of HUD action. The County and Municipality shall adopt any amendment to this Agreement incorporating changes necessary to meet the requirements for Cooperation Agreements set forth in the Urban County Qualification Notice applicable for any subsequent three (3) year qualification period, and to submit such amendment to HUD at the time of such automatic renewalrenewal and if the consortium’s membership has changed, the state certification required under 24 CFR 92.101(a)(2)(i), and that such failure to comply will void the automatic renewal for such qualification period. The terms of this Agreement shall remain in effect until CDBG (HOME and HOME ESG where applicable) funds and program income received with respect to eligible activities carried out during the three (3) year period and each successive qualification period for which the agreement is renewed are expended and funded activities completed.

Appears in 1 contract

Samples: Cooperation Agreement

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