Common use of Extension Term Clause in Contracts

Extension Term. Upon written, mutual agreement by the Vendor and the City, this Agreement may be extended at the conclusion of the Initial Term for an additional two (2) years (the "Extension"). The Vendor and the City must agree to extend the Agreement no later than thirty (30) days prior to the expiration of the Initial Term of the Agreement.

Appears in 10 contracts

Sources: Agreement for New Municipal Vehicles, Agreement for New Municipal Vehicles, Agreement for New Municipal Vehicles

Extension Term. Upon written, mutual agreement by the Vendor and the City, this Agreement may be extended at the conclusion of the Initial Term for an additional two one (21) years five (5) year extension (the "Extension"). The Vendor and the City must agree to extend the Agreement no later than thirty (30) days prior to the expiration of the Initial Term of the Agreement.

Appears in 6 contracts

Sources: Municipal Construction and Utility Equipment Agreement, Municipal Construction and Utility Equipment Agreement, Municipal Construction and Utility Equipment Agreement

Extension Term. Upon written, mutual agreement by the Vendor and the City, this Agreement may be extended at the conclusion of the Initial Term for an additional two (2) years (the "Extension"). 3. The Vendor and the City must agree to extend term of the Agreement no later than thirty is hereby extended for two (302) days prior to additional years through January 12, 2027, unless earlier terminated in accordance with the expiration of the Initial Term original terms of the Agreement. This is the final extension permitted under this Agreement. 4. Except as specifically amended hereby, the terms and conditions of the Agreement shall continue in full force and effect.

Appears in 1 contract

Sources: Amendment to Agreement No. 5179

Extension Term. Upon written, mutual agreement by the Vendor and the City, this Agreement may be extended at the conclusion of the Initial Term for an additional two (2) years (the "Extension"). 3. The Vendor and the City must agree to extend term of the Agreement no later than thirty is hereby extended for two (302) days prior to additional years through December 31, 2026, unless earlier terminated in accordance with the expiration of the Initial Term original terms of the Agreement. This is the final extension permitted under this Agreement. 4. Except as specifically amended hereby, the terms and conditions of the Agreement shall continue in full force and effect.

Appears in 1 contract

Sources: Amendment to Agreement No. 5180 for New Municipal Vehicles

Extension Term. Upon written, mutual agreement by the Vendor and the City, this Agreement may be extended at the conclusion of the Initial Term for an additional two (2) years (the "Extension"). 3. The Vendor and the City must agree to extend term of the Agreement no later than thirty is hereby extended for two (302) days prior to additional years through January 16, 2027, unless earlier terminated in accordance with the expiration of the Initial Term original terms of the Agreement. This is the final extension permitted under this Agreement. 4. Except as specifically amended hereby, the terms and conditions of the Agreement shall continue in full force and effect.

Appears in 1 contract

Sources: Amendment to Agreement No. 5181 for New Municipal Vehicles