Common use of SHORT TERM EXTENSION Clause in Contracts

SHORT TERM EXTENSION. In the event the replacement contract has not been issued, any contract let and awarded hereunder by the State, may be extended unilaterally by the State for an additional period of up to one month upon notice to the Contractor with the same terms and conditions as the original contract including, but not limited to, quantities (prorated for such one month extension), prices, and delivery requirements. With the concurrence of the Contractor, the extension may be for a period of up to three months in lieu of one month. However, this extension terminates should the replacement contract be issued in the interim. If Model Year Build-Out Date for an Item has been reached, Contractor may offer next Model Year in accordance with Section II.17.1 Mutual Extension of Time Period for the extensions authorized by this section.

SHORT TERM EXTENSION. In the event the replacement contract has not been issued, any contract let and awarded hereunder by the State, may be extended unilaterally by the State for an additional period of up to one month upon notice to the Contractor with the same terms and conditions as the original contract including, but not limited to, quantities (prorated for such one month extension), prices, and delivery requirements. With the concurrence of the Contractor, the extension may be for a period of up to three months in lieu of one month. However, this extension terminates should the replacement contract be issued in the interim. If Model Year MY Build-Out Date for an Item has been reached, Contractor may offer next Model Year MY in accordance with Section II.17.1 II.16.1 Mutual Extension of Time Period for the extensions authorized by this section.