FLEXIBLE EXTENSION OF THE CONTRACT PERIOD Sample Clauses

FLEXIBLE EXTENSION OF THE CONTRACT PERIOD. In the event that the total value of Goods and/or Services, actually ordered within the “Contract Period” is less than the maximum value (including flexibilities)of the Contract , the Purchaser shall have the right, by no later than 30 days prior to the end of the Basic Frame Contract Period or the Option Period (detailed in para. 2.3 below), to notify the Supplier in writing of its intention to extend the Contract Period by a period of up to 12 months (hereinafter: the “Extension Period”). In no event shall the total Order/Contract period (including the Extension Period and Option Period) exceed 36 months from the beginning of the Basic Frame Contract Period.
Sample 1Sample 2Sample 3See All (27)
AutoNDA by SimpleDocs
FLEXIBLE EXTENSION OF THE CONTRACT PERIOD. 2.2.1 In the event that the total value of Goods and/or Services, actually ordered within the “Contract Period” is less than the maximum value (including flexibilities)of the Contract , the Purchaser shall have the right, by no later than 30 days prior to the end of the Basic Frame Contract Period or the Option Period (detailed in para. 2.3 below), to notify the Supplier in writing of its intention to extend the Contract Period by a period of up to months (hereinafter: the “Extension Period”). In no event shall the total Order/Contract period (including the Extension Period and Option Period) exceed months from the beginning of the Basic Frame Contract Period. ךילהה גוויס ןמזב םהבש םיכילה/םיזרכמ רובע קר יטנבלר היהי אבה ףיעסה :ךילהה/זרכמה ךרועל הרעה ,היצפואה שומימ םרט םייקתיש גג ריחמ אלל תורחמתהה ןונגנמ תא ךילהב/זרכמב לולכל הטילחה הדעווה ורשוא םהיתועצה רשא םיקפסה םע תורחמתה ךילה להנת י"חח ויפל ןונגנמל הנווכה( אבה ףיעסב ראותמכ ךילהה תושירד לכב ודמעו וקדבנ םהיתועצה רשא םיקפסה לכל /םיריחמה בלשל רבעמל ירוקמה ךילהב :זרכמה ךרועל הרעה 2.3.8 ו 2.3.7 םיפיעס יתת תא קוחמלו 2.2.2 ףיעס תת תא ריאשהל שי דבלב ןמזב הכראהב רבודמ רשאכ םיש"מחת רובע (a) In the event that the quantity is not fully exercised during the basic contract period (4 years) , it will be possible, with the consent of both parties, (IEC and the Supplier), to exercise the option and extend the contract in time for additional three years. (b) The quantity in the option period shall be the balance of the quantity that was not exercised within the basic contract period. (c) Should the parties disagree to exercise the option, the option will not be exercised and Bidding Process shall take place for the balance of the quantity, among the Suppliers' whose offers in the tender, were approved to continue to the pricing stage (including the Supplier/s awarded the tender/procedure). (d) IEC will enter into a contract for the option period (3 years) and the balance of the said quantity, with the Supplier who will submit the most beneficial offer to IEC within the framework of the Bidding Process. (e) Should IEC decide to divide the award of the original tender, among a few Suppliers and exercise the option only with a few of the Suppliers, IEC shall be entitled, with regard to the balance of the quantity for which the option will not be exercised, to increase the contracts with the Suppliers with whom the option was exercised or in part, or alternatively to have a Bidding Process for the balance of the said quantity,...
Sample 1
FLEXIBLE EXTENSION OF THE CONTRACT PERIOD. In the event that the total value of Goods, actually ordered within the “Contract Period” is less than the maximum value (including flexibilities) of the Contract, the Purchaser shall have the right, by no later than 30 days prior to the end of the Basic Frame Contract Period, to notify the Supplier in writing of its intention to extend the Contract Period by a period of up to 36 months (on year to year basis) (hereinafter: the “Extension Period”). Tender & Market Research Dept., Procurement Div., ,שכרה ףגא , םיזרכמו םיקווש רקח תקלחמ Operations and Logistics Div., The Israel Electric Corp. Ltd .מ"עב לארשיל למשחה תרבח ,הקיטסיגולו לועפת תביטח Registered Office: POB 10, Xxxxx Xxxx 0, Xxxxx, 00000, Xxxxxx, Fax: 000-00-0000000 :סקפ ,31000 ,הפיח 10 ד"ת ,1 רואה ביתנ :םושרה דרשמה xxxx://xxx.xxx.xx.xx :טנרטניאב ונתבותכ
Sample 1
FLEXIBLE EXTENSION OF THE CONTRACT PERIOD. In the event that the total value of Goods and/or Services, actually ordered within the “Contract Period” is less than the maximum value (including flexibilities) of the Contract, the Purchaser shall have the right, by no later than 30 days prior to the end of the Basic Frame Contract Period or the Option Period (detailed in para. 2.3 below), to notify the Supplier in writing of its intention to extend the Contract Period by a period of up to 12 months (hereinafter: the “Extension Period”).
Sample 1

Related to FLEXIBLE EXTENSION OF THE CONTRACT PERIOD

  • Term of Contract; Contract Extension The Contract will be in effect from the Effective Date (15 December 2016) through 31 December 2018. DAS, in its sole discretion, may extend this Contract for additional terms beyond the original term, prior to Termination or expiration, one or more times for a combined total period not to exceed the complete length of the original term.

  • Time Extension CONTRACTOR shall provide a time extension request on completion of Task Order for delays caused by others (Permitting Agencies, COUNTY or Contract Cities, or unforeseen conditions such as inclement weather, etc.) and at no fault by CONTRACTOR, subject to approval by COUNTY. COUNTY will review the request and determine in its sole discretion whether the situation warrant a time extension at no-cost or with costs. If CONTRACTOR completes the Task Order beyond the stipulated completion date without COUNTY’s specific written approval for time extension, CONTRACTOR will be subject to liquidated damages and may be construed as non-responsive, which may affect CONTRACTOR for considerations for future Task Orders or projects.

  • Extension of Initial Contract Period 31.1 Subject to clause 13 (Price Adjustment on Extension of the Initial Contract Period), the Authority may, by giving written notice to the Contractor not less than three (3) Month(s) prior to the last day of the Initial Contract Period, extend the Contract for such further period as may be specified in the notice. The provisions of the Contract will apply (subject to any Variation or adjustment to the Contract Price pursuant to clause 13) throughout any such extended period.

  • Extension of the Term At least two months prior to the third anniversary of the Effective Date, the Parties will evaluate the effectiveness of this Agreement and decide whether to extend the Term.

  • Time Extensions 2.03.1 If Contractor requests an extension of time to complete its performance, then the Director, in consultation with the CPO, may, in his or her sole discretion, extend the time so long as the extension does not exceed 90 days. The extension must be in writing but does not require amendment of this Agreement. Contractor is not entitled to damages for delay(s) regardless of the cause of the delay(s).

  • Extension Period Any extension hereof shall be subject to the provisions of Article III hereof.

  • Extension of Facility Termination Date The Seller may advise any Managing Agent in writing of its desire to extend the Facility Termination Date for an additional period not exceeding 364 days, provided such request is made not more than 90 days prior to, and not less than 60 days prior to, the then current Facility Termination Date. Each Managing Agent so advised by the Seller shall promptly notify each Committed Purchaser in its related Purchaser Group of any such request and each such Committed Purchaser shall notify its related Managing Agent, the Collateral Agent and the Seller of its decision to accept or decline the request for such extension no later than 30 days prior to the then current Facility Termination Date (it being understood that each Committed Purchaser may accept or decline such request in its sole discretion and on such terms as it may elect, and the failure to so notify its Managing Agent, the Collateral Agent and the Seller shall be deemed an election not to extend by such Committed Purchaser). In the event that at least one Committed Purchaser agrees to extend the Facility Termination Date, the Seller Parties, the Collateral Agent, the extending Committed Purchasers and the applicable Managing Agent or Managing Agents shall enter into such documents as such extending Committed Purchasers may deem necessary or appropriate to reflect such extension, and all reasonable costs and expenses incurred by such Committed Purchasers, the Managing Agents and the Collateral Agent (including reasonable attorneys’ fees) shall be paid by the Seller. In the event that any Committed Purchaser (a) declines the request to extend the Facility Termination Date or (b) is in a Purchaser Group with respect to which the Seller did not seek an extension of the Facility Termination Date (each such Committed Purchaser being referred to herein as a “Non-Renewing Committed Purchaser”), and, in the case of a Non-Renewing Committed Purchaser described in clause (a), the Commitment of such Non-Renewing Committed Purchaser is not assigned to another Person in accordance with the terms of this Article XI prior to the then current Facility Termination Date, the Purchase Limit shall be reduced by an amount equal to each such Non-Renewing Committed Purchaser’s Commitment on the then current Facility Termination Date.

  • Extension of Services Upon written notice by Recipient to Provider at least sixty (60) days prior to the end of the applicable Service Period for any Service (unless the Schedules hereto specify that such Service is not eligible for extension), Recipient shall have the right to request that Provider extend the Service Period of any Service so that such Service ends on the earlier of (a) ninety (90) days following the last date on which Service Provider is obligated to provide such Service in accordance with the terms of this Agreement and (b) the Term (each such extension, a “Service Extension”). If Provider agrees to provide such Service during the requested Service Extension period, then (i) the Parties shall in good faith negotiate the terms of an amendment to the Schedules hereto, which amendment shall be consistent with the terms of the applicable Service; and (ii) the Charge for such Service during the Service Extension period shall be equal to one hundred twenty five percent (125%) of the Charge for such Service plus all costs, fees and expenses unless otherwise specified with respect to a particular Service on the Schedules hereto, or in the other Ancillary Agreements, payable by Provider or its Subsidiaries to a Third Party to the extent resulting from such Service Extension (to the extent not already included in such Charge); provided that, if such Service Extension is the result of Provider’s failure to provide the Service during the applicable Service Period (the amount of time that Service Provider so failed to provide such Service, the “Service Suspension Period”), then the Charge for such Service during the Service Extension period shall be equal to (x) one hundred percent (100%) of the Charge for such Service, for a number of days equal to the Service Suspension Period and (y) one hundred twenty five percent (125%) of the Charge for such Service plus all costs, fees and expenses unless otherwise specified with respect to a particular Service on the Schedules hereto, or in the other Ancillary Agreements, payable by Provider or its Subsidiaries to a Third Party to the extent resulting from such Service Extension (to the extent not already included in such Charge), for the remaining days of the Service Extension period, if any. Notwithstanding the foregoing, the Service Period of any particular Service (1) may not be extended more than once and (2) may not be extended later than the Term. Each amendment of the Schedules hereto, as agreed to in writing by the Parties, shall be deemed part of this Agreement as of the date of such agreement and any Services provided pursuant to such Service Extensions shall be deemed “Services” provided under this Agreement, in each case subject to the terms and conditions of this Agreement.

  • Contract Extension The City may, in its sole discretion, unilaterally exercise an option to extend the Contract as described in the Contract Documents. In addition, the City may, in its sole discretion, unilaterally extend the Contract on a month-to-month basis following contract expiration if authorized under Charter section 99 and the Contract Documents. Contractor shall not increase its pricing in excess of the percentage increase described in the Contract.

  • Renewal, Extension The renewal or extension of any Letter of Credit shall, for purposes hereof, be treated in all respects the same as the issuance of a new Letter of Credit hereunder.

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