Extension Clause. The parties further agree that this contract shall be automatically extended for an additional period up to 90 days from the end date of this Contract in the event that a new contract between the parties concerning the same subject matter is being negotiated but has not been executed prior to the expiration date. The purpose of this extension is to insure uninterrupted services. In the event that this contract is extended pursuant to the foregoing provision, any change in fees contained in the subsequent contract may be made retroactive to the expiration date of this contract, by mutual agreement of the parties.
Extension Clause. The State reserves the right to extend this contract for a period of one year, with the consent of the contractor.
Extension Clause. The State Purchasing Director reserves the right to extend this contract period beyond the indicated expiration date with the consent of the contractor. Total contract period may not exceed three years.
Extension Clause. This condition allows the client to extend or renew the contract beyond the initial agreement period. An extension has to be agreed by both parties. If an agreement is within the scope of the EU Procurement Directives, transposed into separate Regulations in England, Wales and Northern Ireland (combined) and Scotland, prior legal advice should be sought to make sure that any extension would be lawful. Normally, the intention to extend or renew should be contained in the initial Contract Notice published in the Official Journal of the European Union (OJEU). If this clause is being used it should also be mentioned in the ITT covering letter and tender specification. It must be included in the conditions if not included in other tender documentation. Co-operation in Handover In order to minimize risk to the buying organisation (and the contractor), there should be a plan in place to cover what should happen in the event of contract handover to a new contractor if a renewable contract changes hands at the conclusion of its full term or a decision is made to terminate a contract early. The Terms and Conditions of Contract should include a clause (or a schedule appended) which lays out the requirements on both parties to achieve seamless migration to the new contractual arrangements.
Extension Clause. A) The parties further understand and agree that this Contract shall be automatically extended from an additional period up to ninety (90) calendar days from the end date of this Contract in the event that a new Contract between the parties is desired but not entered into prior to the expiration date contained in this Contract. The purpose of this extension is to ensure the existence of an uninterrupted contract in the event that a new contract is desired but is unable to be signed by the parties prior to the expiration date of this Contract. In the event that this Contract is extended pursuant to this clause, any change in fees contained in the subsequent contract may be made retroactive to the expiration date of this Contract, by mutual agreement of the parties.
Extension Clause. Pending mutual agreement between Buyer and Company, the Buyer, in its sole discretion, may purchase additional Apparatus and equipment off of this contract for ten (10) years, but is not required and/or legally obligated to do so. The Company shall not substitute a brand of Apparatus different from the bid of the Buyer. The Company shall be responsible for advising the Buyer of any upgrades, improvements, or engineering changes made to the Apparatus as agreed upon in this contract. The purchase price may be subject to any supplier price increases caused by GSA, EPA, NFPA, DOT, or other regulatory changes, or fluctuations in market prices of aluminum or other raw materials. Normal cost adjustments for inflation may also apply.
Extension Clause. It is agreed that at any time prior to termination or cancellation of this policy as an entirety, whether by the INSURED or by the Company, the INSURED may give to the Company notice that it desires to be INSURED for an additional period of twelve (12) months after the effective date of termination or cancellation, at an additional premium of 25% of the premium hereunder, for claims made against the INSURED during the said twelve (12) month period by reason of a WRONGFUL ACT committed or alleged to have been committed prior to the effective date of termination or cancellation and which would be otherwise INSURED by this policy, subject to the following provisions:
(a) Such additional period shall be deemed part of the policy period and not an addition thereto;
(b) Such additional period of time shall terminate forthwith on the effective date of any other insurance obtained by the INSURED or its successors in business, replacing in whole or in part the insurance afforded by this policy. Where such other policy provides no coverage for loss sustained prior to its effective date, it shall not be deemed to be a replacement of this policy. If the policy period described in the Declarations is for a term of more than one year, the maximum premium for this extension shall be 25% of the equivalent annual premium.
Extension Clause. It is agreed that if the Company terminates or refuses to renew this policy, the INSURED may give to the Company notice that it desires to be INSURED for an additional period of twelve (12) months after the effective date of termination or nonrenewal, provided that written notice of its desire to be INSURED for said additional period is given to the Company prior to the effective date of termination or nonrenewal of the policy by the Company or within 10 days following the effective date of termination or nonrenewal. If the INSURED terminates this policy or declines to accept renewal, the INSURED may give to the Company notice that it desires to be INSURED for an additional period of twelve (12) months after the effective date of termination or nonrenewal, provided that written notice of its desire to be INSURED for said additional period is given to the Company prior to the effective date of termination or nonrenewal. The Company, at its sole option, may grant further extension periods beyond the twelve (12) months provided for herein. The insurance afforded during any extension period or periods shall apply only to claims made against the INSURED during the said extension period or periods by reason of a WRONGFUL ACT committed or alleged to have been committed prior to the effective date of termination or nonrenewal and which would be otherwise INSURED by this policy, subject to the following provisions:
(a) Such additional period shall be deemed part of the policy period and not an addition thereto;
(b) Such additional period of time shall terminate forthwith on the effective date of any other insurance obtained by the INSURED or its successors in business, replacing in whole or in part the insurance afforded by this policy. Where such other policy provides no coverage for loss sustained prior to its effective date, it shall not be deemed to be a replacement of this policy. The INSURED shall pay to the Company an additional premium of 25% of the equivalent annual premium hereunder for each 12 month period of extension.
3. By deleting subsection (1)(a) of Section XI. CONDITIONS and substituting the following therefor:
(a) In the event the INSURED shall first become aware of any claim or allegation of a WRONGFUL ACT, written notice of such claim or allegation shall be given by or for the INSURED to the Company or any of its authorized agents as soon as practicable and the INSURED shall give the Company such information concerning such claim or allegation ...
Extension Clause. The parties agree that Paragraph 23 of the Master Agreement is hereby amended by deleting each instance of the use of "90 days" and replacing therewith "180 days". It is the intention of the Evergreen Extension Clause that each party shall have at least 180 days advance written notice of the other party's intention not to continue under the Master Agreement; provided, however, the Company shall have the right to terminate the Master Agreement on 90 days prior written notice should Carrier fail to correct and maintain acceptable service performance levels within 30 days prior written notice to Carrier of specific performance deficiencies. All other terms and provisions of Paragraph 23 of the Master Agreement remain unaltered.
Extension Clause. This contract may be extended for a period of 90 days by Customer, by paying a fee in the amount of
