Common use of MUTUAL EXTENSION OF TIME PERIOD Clause in Contracts

MUTUAL EXTENSION OF TIME PERIOD. If mutually agreed between NYSPro and the resulting Contractor, the next Model Year vehicle may be supplied if Model Year Build-Out Date has occurred for the Item awarded and the next Model Year has not been awarded under a new solicitation. For each next Model Year after Contract Award, Contractor shall supply NYSPro with documentation that the next Model Year vehicle meets or exceeds the specifications for the vehicle as set forth in the Contract. Prices shall be calculated in accordance with Section III.7.4 Next Model Year and Replacement Vehicle Pricing, and all terms and conditions remain in effect. Once the next Model Year has been awarded under a new solicitation, Contractor shall not accept Purchase Orders for the Contract. If the next Model Year has not been awarded, Contractor may continue to supply current and next Model Year vehicles until depletion of stock or manufacturer’s production build-out. The State reserves the right to terminate the Contract with cancellation terms of this Contract. If mutually agreed between NYSPro and the Contractor, the Contract may be extended under the same terms and conditions for an additional period(s) of up to five years; extensions may be exercised on a continuing basis such as an additional three month, six month, twelve month or 24 month periods.

MUTUAL EXTENSION OF TIME PERIOD. If mutually agreed between NYSPro and the resulting Contractor, the next Model Year (MY) vehicle may be supplied if Model Year MY Build-Out Date has occurred for the Item awarded and the next Model Year MY has not been awarded under a new solicitation. For each next Model Year MY after Contract Award, Contractor shall supply NYSPro with documentation that the next Model Year MY vehicle meets or exceeds the specifications for the vehicle as set forth in the Contractresultant contract(s). Prices shall be calculated in accordance with Section III.7.4 III.8.7 Next Model Year and Replacement Vehicle Pricing, and all terms and conditions remain in effect. Once the next Model Year MY has been awarded under a new solicitation, Contractor shall not accept Purchase Orders for the Contract. If the next Model Year MY has not been awarded, Contractor may continue to supply current and next Model Year MY vehicles until depletion of stock or manufacturer’s production build-out. The State reserves the right to terminate the Contract with cancellation terms of this Contract. If mutually agreed between NYSPro and the Contractor, the Contract may be extended under the same terms and conditions for an additional period(s) of up to five years; extensions may be exercised on a continuing basis such as an additional three month, six month, twelve month or 24 month periods.

MUTUAL EXTENSION OF TIME PERIOD. If mutually agreed between NYSPro and the resulting Contractor, the next Model Year vehicle may be supplied if Model Year Build-Out Date has occurred for the Item awarded and the next Model Year has not been awarded under a new solicitation. For each next Model Year after Contract Award, Contractor shall supply NYSPro with documentation that the next Model Year vehicle meets or exceeds the specifications for the vehicle as set forth in the Contract. Prices shall be calculated in accordance with Section III.7.4 III.8.5 Next Model Year and Replacement Vehicle Pricing, and all terms and conditions remain in effect. Once the next Model Year has been awarded under a new solicitation, Contractor shall not accept Purchase Orders for the Contract. If the next Model Year has not been awarded, Contractor may continue to supply current and next Model Year vehicles until depletion of stock or manufacturer’s production build-out. The State reserves the right to terminate the Contract with cancellation terms of this Contract. If mutually agreed between NYSPro and the Contractor, the Contract may be extended under the same terms and conditions for an additional period(s) of up to five years; extensions may be exercised on a continuing basis such as an additional three month, six month, twelve month or 24 month periods.