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Common use of Initial Term Clause in Contracts

Initial Term. The initial term of this Master Agreement is for two (2) years, with an effective date of August 1, 2024. The term of this Master Agreement may be amended beyond the initial term for up to three (3) consecutive one (1) year additional terms, upon the mutual agreement of the Lead State and Contractor, by written Amendment. The total duration of the Master Agreement, including any extensions, shall not exceed five (5) years.

Appears in 14 contracts

Samples: Participating Addendum, Participating Addendum, Participating Addendum

Initial Term. The initial term of this Master Agreement is for two (2) years, with an effective date of August 1, 2024. The term of this Master Agreement may be amended beyond the initial term for up to three (3) consecutive one (1) year 3 additional terms, upon years at the Lead State’s discretion and by mutual agreement and upon review of the requirements of Participating Entities, current market conditions, and Contractor performance. The Lead State and Contractormay, by written Amendment. The total prior to execution, adjust the effective date or duration of the initial term or renewal period of any Master Agreement, including any extensions, shall not exceed five (5) yearsAgreement for the purpose of making the Master Agreement coterminous with others.

Appears in 9 contracts

Samples: Participating Addendum, Participating Addendum, Master Agreement

Initial Term. The initial term of this Master Agreement is for two five (25) years, with an effective date of August 1, 2024. The term of this Master Agreement may be amended beyond the initial term for up to three (3) consecutive one (1) year additional terms, upon years at the Lead State’s discretion and by mutual agreement and upon review of the requirements of Participating Entities, current market conditions, and Contractor performance. The Lead State and Contractormay, by written Amendment. The total prior to execution, adjust the effective date or duration of the initial term or renewal period of any Master Agreement, including any extensions, shall not exceed five (5) yearsAgreement for the purpose of making the Master Agreement coterminous with others.

Appears in 6 contracts

Samples: Participating Addendum, Master Agreement, Master Agreement

Initial Term. The initial term of this Master Agreement is for two (2) years, with an effective date of August 1, 2024. The term of this Master Agreement may be amended beyond the initial term for up to three (3) consecutive one (1) year additional terms, upon years at the Lead State’s discretion and by mutual agreement and upon review of the Lead State requirements of Participating Entities, current market conditions, and Contractor, by written Amendment. The total duration of the Master Agreement, including any extensions, shall not exceed five (5) yearsContractor performance.

Appears in 6 contracts

Samples: Naspo Valuepoint Master Agreement, Naspo Valuepoint Master Agreement, Naspo Valuepoint Master Agreement

Initial Term. The initial term of this Master Agreement is for two three (23) years, with an effective date of August 1, 2024. The term of this Master Agreement may be amended beyond the initial term for up to three two (32) consecutive one (1) year additional terms, upon years at the Lead State’s discretion and by mutual agreement and upon review of the requirements of Participating Entities, current market conditions, and Contractor performance. The Lead State and Contractormay, by written Amendment. The total prior to execution, adjust the effective date or duration of the initial term or renewal period of any Master Agreement, including any extensions, shall not exceed five (5) yearsAgreement for the purpose of making the Master Agreement coterminous with others.

Appears in 5 contracts

Samples: Contract Amendment, Contract Amendment, Participating Addendum

Initial Term. The initial term of this Master Agreement is for two three (23) years, with an effective date of August 1, 2024. The term of this ofthis Master Agreement may be amended beyond the initial term for up to three (3) consecutive one (1) additional one-year additional terms, upon terms at the Lead State’s discretion and by mutual agreement and upon review of the Lead State requirements of Participating Entities, current market conditions, and Contractor, by written AmendmentContractor performance. The total LeadState may, prior to execution, adjust the effective date or duration of the initial term or renewal period of any Master Agreement, including any extensions, shall not exceed five (5) yearsAgreement for the purpose of making the Master Agreement coterminous with others.

Appears in 4 contracts

Samples: Standard Contract for Naspo Distributor/Fulfillment Partner, Participating Addendum, Participating Addendum

Initial Term. The initial term of this Master Agreement is for two (2) years, with an effective date of August 1, 2024. The term of this Master Agreement may be amended beyond the initial term for up to three four additional years (3two renewals for two years each) consecutive one (1) year additional terms, upon at the Lead State’s discretion and by mutual agreement and upon review of the requirements of Participating Entities, current market conditions, and Contractor performance. The Lead State and Contractormay, by written Amendment. The total prior to execution, adjust the effective date or duration of the initial term or renewal period of any Master Agreement, including any extensions, shall not exceed five (5) yearsAgreement for the purpose of making the Master Agreement coterminous with others.

Appears in 4 contracts

Samples: Participating Addendum, Participating Addendum, Participating Addendum

Initial Term. The initial term of this Master Agreement is for two one (21) years, with an effective date of August 1, 2024year. The term of this Master Agreement may be amended beyond the initial term for up to three four (34) consecutive one (1) year additional terms, upon years at the Lead State’s discretion and by mutual agreement and upon review of the Lead State requirements of Participating Entities, current market conditions, and Contractor, by written Amendment. The total duration of the Master Agreement, including any extensions, shall not exceed five (5) yearsContractor performance.

Appears in 3 contracts

Samples: Master Agreement for Mailing Equipment, Supplies and Maintenance, Master Agreement for Mailing Equipment, Supplies and Maintenance, Mailing Equipment, Supplies, and Maintenance Agreement

Initial Term. The initial term of this Master Agreement is for two (2) years, with an effective date of August 1, 2024. The term of this Master Agreement may be amended beyond the initial term for up to three (3) consecutive one (1) year additional terms, upon years at the Lead State’s discretion and by mutual agreement and upon review of the requirements of Participating Entities, current market conditions, and Contractor performance. The Lead State and Contractormay, by written Amendment. The total prior to execution, adjust the effective date or duration of the initial term or renewal period of any Master Agreement, including any extensions, shall not exceed five (5) yearsAgreement for the purpose of making the Master Agreement coterminous with others.

Appears in 3 contracts

Samples: Procurement Master Agreement, Procurement Master Agreement, Procurement Master Agreement

Initial Term. The initial term of this Master Agreement is for two five (25) years, with an effective date of August 1, 2024. The term of this Master Agreement may be amended beyond the initial term for up to three (3) consecutive one (1) year additional terms, upon years at the Lead State's discretion and by mutual agreement and upon review of the requirements of Participating Entities, current market conditions, and Contractor performance. The Lead State and Contractormay, by written Amendment. The total prior to execution, adjust the effective date or duration of the initial term or renewal period of any Master Agreement, including any extensions, shall not exceed five (5) yearsAgreement for the purpose of making the Master Agreement coterminous with others.

Appears in 2 contracts

Samples: Master Agreement, Master Agreement

Initial Term. The initial term of this Master Agreement is for two (2) years, with an effective date of August 1, 2024. The term of this Master Agreement may be amended beyond the initial term for up to three (3) consecutive one (1) year additional terms, upon years at the Lead State’s discretion and by mutual agreement and upon review of the requirements of Participating Entities, current market conditions, and Contractor performance. The Lead State and Contractormay, by written Amendment. The total duration of the Master Agreementprior to execution, including any extensions, shall not exceed five (5) years.adjust the

Appears in 1 contract

Samples: Master Agreement

Initial Term. The initial term of this Master Agreement is for two (2) years, with an effective date of August 1, 2024. The term of this Master Agreement may be amended beyond the initial term for up to three four (34) consecutive one (1) year additional terms, upon years at the Lead State’s discretion and by mutual agreement and upon review of the requirements of Participating Entities, current market conditions, and Contractor performance. The Lead State and Contractormay, by written Amendment. The total prior to execution, adjust the effective date or duration of the initial term or renewal period of any Master Agreement, including any extensions, shall not exceed five (5) yearsAgreement for the purpose of making the Master Agreement coterminous with others.

Appears in 1 contract

Samples: Master Agreement

Initial Term. The initial term of this Master Agreement is for two Five (25) years, with an effective date of August 1, 2024beginning when the first master agreement under this portfolio is signed. The term of this Master Agreement may be amended beyond the initial term for up to three two (32) consecutive one (1) year additional terms, upon years at the Lead State’s discretion and by mutual agreement and upon review of the Lead State requirements of Participating Entities, current market conditions, and Contractor, by written Amendment. The total duration of the Master Agreement, including any extensions, shall not exceed five (5) yearsContractor performance.

Appears in 1 contract

Samples: Cooperative Contract

Initial Term. The initial term of this Master Agreement is for two (2) years, with an effective date of August 1, 2024. The term of this Master Agreement may be amended beyond the initial term for up to three (3) consecutive one (1) year additional terms, upon the mutual agreement of the Lead State and Contractor, by written Amendment. The total duration of the Master Agreement, including any extensions, shall not exceed five (5) years.of

Appears in 1 contract

Samples: Master Agreement

Initial Term. The initial term of this Master Agreement is for two (2) years, with an effective date of August February 1, 20242024 to February 23, 2026. The term of this Master Agreement may be amended beyond the initial term for up to three (3) consecutive one (1) year additional termsat upon review of requirements of Participating Entities, upon the mutual agreement of the current market conditions, and Contractor performance. The Lead State and Contractormay, by written Amendment. The total prior to execution, adjust the effective date or duration of the initial term or renewal period of any Master Agreement, including any extensions, shall not exceed five (5) yearsAgreement for the purpose of making the Master Agreement coterminous with others.

Appears in 1 contract

Samples: Master Agreement

Initial Term. The initial term of this Master Agreement is for two three (23) years, with an effective date of August 1, 2024. The term of this Master Agreement may be amended beyond the initial term for up to three (3) consecutive one (1) year additional terms, upon years at the Lead State’s discretion and by mutual agreement and upon review of the requirements of Participating Entities, current market conditions, and Contractor performance. The Lead State and Contractormay, by written Amendment. The total prior to execution, adjust the effective date or duration of the initial term or renewal period of any Master Agreement, including any extensions, shall not exceed five (5) yearsAgreement for the purpose of making the Master Agreement coterminous with others.

Appears in 1 contract

Samples: Master Agreement