Common use of Extension of Contract Term Clause in Contracts

Extension of Contract Term. (a) Provided, that the Contractor is not in default under the terms of this Agreement, the Chief Executive Officer of the Commission, may extend the terms of the Agreement for a period, not to exceed ninety (90) days, on the same payment schedule, terms and conditions, in effect on the date that the Agreement would otherwise have terminated, including the option period, if any. The option to extend the Agreement shall be at the Commission’s discretion only, and may not be exercised by the Contractor.

Appears in 2 contracts

Samples: Agreement, Agreement

AutoNDA by SimpleDocs

Extension of Contract Term. (a) Provided, that the Contractor is not in default under the terms of this Agreement, the Chief Executive Officer of the Commission, may extend the terms of the Agreement for a period, not to exceed ninety (90) days, on the same payment schedule, terms and conditions, in effect on the date that the Agreement would otherwise have terminated, including the option period, if any. The option to extend the Agreement shall be at the Commission’s 's discretion only, and may not be exercised by the Contractor.

Appears in 1 contract

Samples: Housing Commission Agreement

Extension of Contract Term. (a) Provided, that the Contractor is not in default under the terms of this Agreement, the Chief Executive Officer of the CommissionCommission for itself and/or on behalf of the SDHC Limited Liability Companies, may extend the terms of the Agreement for a period, not to exceed ninety (90) days, on the same payment schedule, terms and conditions, in effect on the date that the Agreement would otherwise have terminated, including the option period, if any. The option to extend the Agreement shall be at the Commission’s discretion only, and may not be exercised by the Contractor.

Appears in 1 contract

Samples: www.sdhc.org

AutoNDA by SimpleDocs

Extension of Contract Term. (a) Provided, Provided that the Contractor is not in default under the terms of this Agreement, the Chief Executive Officer of the Commission, Commission may extend the terms of the Agreement for a period, not to exceed ninety one (901) days, on the same payment schedule, terms and conditions, in effect on the date that the Agreement would otherwise have terminated, including the option period, if any. The option to extend the Agreement shall be additional one-year period at the Commission’s 's discretion only, only and may not be exercised by the Contractor. 225. Intentionally Omitted.

Appears in 1 contract

Samples: www.sdhc.org

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!