Common use of Extension or Modification Clause in Contracts

Extension or Modification. No later than thirty (30) days after the first anniversary of the Effective Date of this Agreement, the Parties shall meet to decide whether to extend or modify this Agreement. Any extension or modification of this Agreement shall be in writing and on mutually acceptable terms and conditions. Unless or until the Parties have met in accord with this paragraph, neither the Company nor MPWMD shall proceed with final design or construction of the CCRWP or the Desalination Plant.

Extension or Modification. No later than thirty (30) days after the first anniversary of the Effective Date of this Agreement, the Parties shall meet to decide whether to extend or modify this Agreement. Any extension or modification of this Agreement shall be in writing and on mutually acceptable terms and conditions. Unless or until the Parties have met in accord with this paragraphsection, neither the Company nor MPWMD shall proceed with final design or construction of the CCRWP or the Desalination Plant.