Common use of DURATION OF CONTRACT AND EXTENSION OF TERM Clause in Contracts

DURATION OF CONTRACT AND EXTENSION OF TERM. This Contract shall become effective on the date on which it is signed by the last Party and shall terminate on May 31, 2027, or upon the completion of all Benchmarks listed in Attachment A and required closeout procedures, whichever occurs first. Subrecipient must meet all Benchmarks identified in Attachment A. Subrecipient’s failure to meet any Benchmark may result in suspension of payment or termination under Sections 3.02, 3.03, or 3.04, below. Upon receipt of a written request and acceptable justification from Subrecipient, the GLO, at its discretion, may agree to amend this Contract to extend the Contract Period one time for a period of up to two years. Any request for extension must be received by the GLO at least sixty (60) days before the original termination date of this Contract and, if approved, such extension shall be documented in a written Amendment.

DURATION OF CONTRACT AND EXTENSION OF TERM. This Contract shall become effective on the date on which it is signed by the last Party and shall terminate on May 31November 30, 2027, or upon the completion of all Benchmarks listed in Attachment A and required closeout procedures, whichever occurs first. Subrecipient must meet all Project Benchmarks identified in Attachment A. Subrecipient’s failure to meet any Benchmark may result in suspension of payment or termination under Sections 3.02, 3.03, or 3.04, below. Upon receipt of a written request and acceptable justification from Subrecipient, the GLO, at its discretion, may agree to amend this Contract to extend the Contract Period one time for a period of up to two years(2) additional one-year terms. Any request for extension must be received by the GLO at least sixty (60) days before the original termination date of this Contract and, if approved, such extension shall be documented in a written Amendment.

DURATION OF CONTRACT AND EXTENSION OF TERM. This Contract shall become effective on the date on which it is signed by the last Party and shall terminate on May January 31, 20272025, or upon the completion of all Benchmarks listed in Attachment A and required closeout procedures, whichever occurs first. Subrecipient must meet all Project Benchmarks identified in Attachment A. Subrecipient’s failure to meet any Benchmark may result in suspension of payment or termination under Sections 3.02, 3.03, or 3.04, below. Upon receipt of a written request and acceptable justification from Subrecipient, the GLO, at its discretion, may agree to amend this Contract to extend the Contract Period one time for a period of up to two years. Any request for extension must be received by the GLO at least sixty (60) days before the original termination date of this Contract and, if approved, such extension shall be documented in a written Amendment.

DURATION OF CONTRACT AND EXTENSION OF TERM. This Contract shall become effective on the date on which it is signed by the last Party and shall terminate on May August 31, 2027, or upon the completion of all Benchmarks listed in Attachment A and required closeout procedures, whichever occurs first. Subrecipient must meet all Project Benchmarks identified in Attachment A. Subrecipient’s failure to meet any Benchmark may result in suspension of payment or termination under Sections 3.02, 3.03, or 3.04, below. Upon receipt of a written request and acceptable justification from Subrecipient, the GLO, at its discretion, may agree to amend this Contract to extend the Contract Period one time for a period of up to two years(2) additional one-year terms. Any request for extension must be received by the GLO at least sixty (60) days before the original termination date of this Contract and, if approved, such extension shall be documented in a written Amendment.

DURATION OF CONTRACT AND EXTENSION OF TERM. This Contract shall become effective on the date on which it is signed by the last Party and shall terminate on May October 31, 2027, or upon the completion of all Benchmarks listed in Attachment A and required closeout procedures, whichever occurs first. Subrecipient must meet all Project Benchmarks identified in Attachment A. Subrecipient’s failure to meet any Benchmark may result in suspension of payment or termination under Sections 3.02, 3.03, or 3.04, below. Upon receipt of a written request and acceptable justification from Subrecipient, the GLO, at its discretion, may agree to amend this Contract to extend the Contract Period one time two (2) times for a period of up to two yearsone (1) year each. Any request for extension must be received by the GLO at least sixty (60) days before the original termination date of this Contract and, if approved, such extension shall be documented in a written Amendment.