Optional Extension Term. If Seller wishes to exercise the Optional Extension Term, Seller must submit a request for extension of the Initial Delivery Term to LADWP in writing, between one hundred and eighty (180) days and sixty (60) days prior to the tenth (10th) anniversary of the Commercial Operation Date. If request is not timely received, then this Agreement will terminate on the tenth (10th) anniversary of the Commercial Operation Date.
Optional Extension Term. The prices quoted in this Solicitation shall prevail during the specified term of the contract, at which time the County shall have the option to extend the contract for four (4) additional one- year periods. Continuation of the contract beyond the initial period is a County prerogative and not a right of the Contractor and will be exercised only when such continuation is clearly in the best interest of the County. Any extension of, or change orders to this Agreement are contingent upon available funding and satisfactory performance by the Contractor, as determined by the County. It shall be the Contractor’s responsibility to provide the County Representative (with a copy to the Contracts and Procurement Division) all requested Agreement changes and/or price adjustments at least 90 days prior to the expiration of the Agreement or Agreement extension date for consideration. After review by the County of the Contractor’s requested changes or price adjustments, the County will enter into negotiations with the Contractor to determine if the requested Agreement changes and/or price adjustments are acceptable to the County. Negotiations must be completed ninety (90) days prior to expiration of the Agreement or Agreement extension date. Failure of the County and the Contractor to agree upon the terms and conditions for the extension may result in resolicitation of the goods or services covered by the original Agreement. Continued performance by the Contractor outside of the Agreement term will be at the Contractor’s risk. Section 5. Non-appropriation. Pursuant to Article X, Section 20 of the Colorado Constitution and C.R.S. § 29-1-110, as amended, the financial obligations of the County as set forth herein after the current fiscal year are contingent upon funds for that purpose being appropriated, budgeted and otherwise available. This Agreement is automatically terminated on January 1st of the first fiscal year for which funds are not appropriated. The County shall give the Contractor written notice of such non-appropriation. Financial obligations of the County payable after the current Fiscal Year are contingent upon funds for that purpose being appropriated, budgeted, and otherwise made available, pursuant to the Constitution for annual funding appropriation.
Optional Extension Term. The prices quoted in this Solicitation shall prevail during the specified term of the contract, at which time the County and PPRTA shall have the option to extend the contract for four (4) additional one-year periods. Continuation of the contract beyond the initial period is a County and PPRTA prerogative and not a right of the Contractor and will be exercised only when such continuation is clearly in the best interest of the County and PPRTA. Any renewal of, or change orders to this Agreement are contingent upon available funding and satisfactory performance by the Contractor, as determined by the County and PPRTA. It shall be the Contractor’s responsibility to provide the County Representative (with a copy to the Contracts and Procurement Division) all requested Agreement changes and/or price adjustments at least 90 days prior to the expiration of the Agreement or Agreement renewal date for consideration. After review by the County and PPRTA of the Contractor’s requested changes or price adjustments, the County and PPRTA will enter into negotiations with the Contractor to determine if the requested Agreement changes and/or price adjustments are acceptable to the County and PPRTA. Negotiations must be completed ninety (90) days prior to expiration of the Agreement or Agreement renewal date. Failure of the County, PPRTA and the Contractor to agree upon the terms and conditions for the renewal may result in resolicitation of the goods or services covered by the original Agreement. Continued performance by the Contractor outside of the Agreement term will be at the Contractor’s risk.
Optional Extension Term. If and as requested by the OIG, HHSC shall have the right to extend the Primary Term of this Agreement, in any increment of months, for up to eighteen (18) months. (“Optional Extension Term”).
