Common use of Option to Extend the Term of the Subcontract Clause in Contracts

Option to Extend the Term of the Subcontract. Buyer may extend the term of this contract by written notice to the Subcontractor within thirty (30) days; provided that the Buyer gives the Subcontractor a preliminary written notice of its intent to extend at least sixty (60) days before the Subcontract expires. The preliminary notice does not commit the Buyer to an extension. If the Buyer exercises this option, the extended contract shall be considered to include this option clause. The total duration of this contract, including the exercise of any options under this clause, shall not exceed four (4) years. Option 1- October 1, 2021 to September 31, 2022 Option 2- October 1, 2022 to September 31, 2023 Option 3- October 1, 2023 to September 31, 2024

Option to Extend the Term of the Subcontract. Buyer may extend the term of this contract by written notice to the Subcontractor within thirty (30) days; provided that the Buyer gives the Subcontractor a preliminary written notice of its intent to extend at least sixty (60) days before the Subcontract expires. The preliminary notice does not commit the Buyer to an extension. If the Buyer exercises this option, the extended contract shall be considered to include this option clause. The total duration of this contract, including the exercise of any options under this clause, shall not exceed four six (46) years. Option 1- October 1, 2021 to September 3130, 2022 Option 2- October 1, 2022 to September 3130, 2023 Option 3- October 1, 2023 to September 3130, 20242024 Option 4- October 1, 2024 to September 30, 2025 Option 5- October 1, 2025 to September 30, 2026

Option to Extend the Term of the Subcontract. Buyer may extend the term of this contract by written notice to the Subcontractor within thirty (30) days; provided that the Buyer gives the Subcontractor a preliminary written notice of its intent to extend at least sixty (60) days before the Subcontract expires. The preliminary notice does not commit the Buyer to an extension. If the Buyer exercises this option, the extended contract shall be considered to include this option clause. The total duration of this contract, including the exercise of any options under this clause, shall not exceed four three (43) years. Option 1- October 1, 2021 to September 31, 2022 Option 2- October 1, 2022 to September 31, 2023 Option 3- October 1, 2023 to September 31, 20242023

Option to Extend the Term of the Subcontract. Buyer may extend the term of this contract by written notice to the Subcontractor within thirty (30) days; provided that the Buyer gives the Subcontractor a preliminary written notice of its intent to extend at least sixty (60) days before the Subcontract expires. The preliminary notice does not commit the Buyer to an extension. If the Buyer exercises this option, the extended contract shall be considered to include this option clause. The total duration of this contract, including the exercise of any options under this clause, shall not exceed four xxxxxxxxx (443) years. Option 1- October 1, 2021 to September 31, 2022 Option 2- October 1, 2022 to September 31, 2023 Option 3- October 1, 2023 to September 31, 2024