Common use of OPTION TO EXTEND AGREEMENT Clause in Contracts

OPTION TO EXTEND AGREEMENT. 25 Provider and Receiver agree to have their respective Responsible Individuals meet for an in-person meeting 26 at the Site to negotiate in good faith to attempt to extend the term of this Agreement. The Parties may elect 27 to extend the Term of this Agreement either under current or revised pricing in five (5) year increments. 28 Neither Party is obligated to agree to an extension of this Agreement. 29 Any extension of this Agreement shall be documented using an Amendment.

Appears in 3 contracts

Samples: Renewable Energy Agreement, Renewable Energy Agreement, Renewable Energy Agreement

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OPTION TO EXTEND AGREEMENT. 25 Provider and Receiver agree to have their respective Responsible Individuals meet for an in-person meeting 26 at the Site to negotiate in good faith to attempt to extend the term of this Agreement. The Parties may elect 27 to extend the Term of this Agreement either under current or revised pricing in five (5) year increments. 28 Neither Party is obligated to agree to an extension of this Agreement. 29 Any extension of this Agreement shall be documented using an Amendment.

Appears in 1 contract

Samples: Renewable Energy Agreement (TRTL Holding Corp.)

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