Common use of Extension of Maintenance Period Clause in Contracts

Extension of Maintenance Period. (i) The Maintenance Period of the Contract may be extended for an additional period of 3 (three) years on the terms and conditions mutually agreed between the Contractor and the Authority ("Extended Maintenance Period") (ii) During the Extended Maintenance Period, if any, the Contractor shall be entitled for monthly maintenance fee calculated on the basis of a 20% increase over the original monthly maintenance fee payable to the Contractor during the Term of the Contract For avoidance of doubt, the fee for Extended Maintenance Period shall be increased by 20% one time at the beginning of it. (iii) The Contractor shall request the Authority, in writing, regarding its intention of extend the Contract, 6 months before the expiry of the Term.

Extension of Maintenance Period. (i) The Maintenance Period of the Contract may be extended for an additional period of 3 (three) years on the terms and conditions mutually agreed between the Contractor and the Authority ("Extended Maintenance Period"). (ii) During the Extended Maintenance Period, if any, the Contractor shall be entitled for monthly quarterly maintenance fee calculated on the basis for such extended maintenance period, which shall be equivalent to an amount escalated at rate of a 20% increase over the original monthly last quarterly maintenance fee payable paid to the Contractor during the Term first Maintenance Period of the Contract Contract. For avoidance of doubt, the quarterly maintenance fee for the Extended Maintenance Period shall be increased by 20% one time only once at the beginning of itthe Extended Maintenance Period. (iii) The Contractor shall o6 (six) months prior to the expiry of the Term, request the Authority, in writing, regarding its intention of extend the Contract, 6 months before the expiry of the Term.

Extension of Maintenance Period. (i) i. The Maintenance Period of the Contract may be extended for an additional period of 3 (three) 01 years on the terms and conditions mutually agreed between the Contractor and the Authority ("Extended Maintenance Period"). (ii) . During the Extended Maintenance Period, if any, the Contractor shall be entitled for monthly quarterly maintenance fee calculated on the basis for such extended maintenance period, which shall be equivalent to an amount escalated at rate of a 20% increase over the original monthly last quarterly maintenance fee payable paid to the Contractor during the Term first Maintenance Period of the Contract Contract. For avoidance of doubt, the quarterly maintenance fee for the Extended Maintenance Period shall be increased by 20% one time at the beginning of it.by (iii) . The Contractor shall 03 (three) months prior to the expiry of the Term, request the Authority, in writing, regarding its intention of extend extending the Term of the Contract, 6 months before the expiry of the Term.