Term and Option to Extend. The initial term of this Lease will commence on the Effective Date and expire on the Expiration Date. The Tenant may extend the Term of this Lease for [two] additional [two]-year extension term(s), on all the same terms and conditions (except for Rent, which will increase during extension Terms as provided below) contained in this Lease, by notifying the Landlord in writing of the Tenant’s election to do so not less than 30 days before the expiration date of the then-current Term, as the case may be. The initial term and any applicable extension term are referred to in this Lease as the “Term.”
Term and Option to Extend. The Lease term shall be two (2) years following the Commencement Date (the “Term”). Notwithstanding the previous sentence, the Term will always terminate on the last day of the twenty-fourth (24th) full calendar month following the Commencement Date. Lessee shall have one (1) option to extend the Term for two (2) years, pursuant to Rider No. One attached hereto.
Term and Option to Extend. The term of this Contract begins on the contract date and ends upon the expiration of this Contract, as indicated on the cover of this Contract. County may extend the term at its sole option one or more times, for a total period no greater than 3 years, upon provision of written notice to Contractor no less than 90 days prior to the expiration of the then-current term. For example, the County could extend the term for:
Term and Option to Extend. 1023 The Term of this Agreement shall commence March 1, 2015 (Commencement Date) and continue in full 1024 force for a period of ten (10) years, through and including February 28, 2025, unless the Agreement is 1025 extended in accordance with this Section or terminated pursuant to Article 14. 14.Between the Effective 1026 Date and Commencement Date, Contractor shall perform all activities necessary to prepare itself to start 1027 providing services required by this Agreement on the Commencement Date. 1028 At the CCCSWA’s sole discretion, the Term of this Agreement may be extended, for up to twenty‐four 1029 (24) months after February 28, 2025 (i.e., until February 28, 2027), in one or more periods specified by 1030 the CCCSWA. Such extensions shall be conditioned upon the Contractor’s achievement of the two 1031 performance standards defined in Section 4.2, each of which may be waived by the CCCSWA, in its sole 1032 discretion. If the CCCSWA elects to exercise this option to extend the Term, it shall give written notice 1033 of its election to the Contractor, specifying the number of months by which it wishes to extend the 1034 Term, one hundred eighty (180) calendar days Days prior to the expiration date then existing under this 1035 Agreement. 1036 Prior to extending the Term, the Parties shall meet and confer to discuss depreciation of Collection 1037 vehicle and Containers in service and future acquisition needs and related costs, if any. The Parties shall 1038 agree on how depreciation and interest expenses shall be treated during the extension period. Parties 1039 shall analyze whether, and if so, how much the depreciation and interest expenses may be reduced for 1040 equipment that is fully depreciated and how to address depreciation and interest expense of any 1041 equipment that will need to be purchased during the extension period under consideration. The 1042 CCCSWA Executive Director shall make the final determination in the event any disputes arise regarding 1043 depreciation and interest expenses during the extension period. 1044 The CCCSWA has no obligation to renegotiate, renew, or extend the rights granted to Contractor beyond 1045 the initial ten‐year (10‐year) Term of the Agreement. 1046 4.2 Extension Conditions 1047 Any extension to the Term of the Agreement is conditional upon Contractor meeting the following two 1048 requirements, each or either of which may be waived by the CCCSWA:
Term and Option to Extend. The Term of this Agreement shall commence April 1, 2023 (Commencement Date) and continue in full force for a period of ten (10) years, through and including April 30, 2033, unless the Agreement is extended in accordance with this Section or terminated pursuant to Section 10.2. At City’s sole discretion, this Agreement may be extended one (1) time without amendment for a period of up to five (5) years. If City desires to extend the Agreement, City shall provide the Contractor with written notice of its decision to extend the Agreement at least one (1) year before the expiration of the initial Term. Such notice by City shall specify the duration of the extension. Between the Effective Date and Commencement Date, Contractor shall perform all activities necessary to prepare itself to start providing services required by this Agreement on the Commencement Date.
Term and Option to Extend. 135 The Term of this Agreement shall commence September 6, 2017 and continue in full force for a period of 136 approximately fifteen (15) years, through and including August 31, 2032, unless this Agreement is 137 extended in accordance with this Section or terminated pursuant to Section 10.2. Notwithstanding the 138 foregoing, in the event that the commencement of services hereunder is delayed beyond September 6, 139 2017 as the result of any Legal Challenge described in Section 2.2E below, the Term of this Agreement 140 shall commence on the earliest feasible date after such Legal Challenge has been resolved (but not sooner 141 than nine (9) months after Contractor orders the equipment necessary to provide the services hereunder) 142 and continue in full force for a period of fifteen (15) years, unless this Agreement is extended in 143 accordance with this Section or terminated pursuant to Section 10.2. The date that the Term of this 144 Agreement commences in accordance with this Section 2.1 is referred to as the “Commencement Date.” 145 The Term of this Agreement shall only be extended with the prior consent of both Parties. Should the 146 Parties choose to extend this Agreement, both Parties shall meet and confer no later than one (1) year 147 prior to the expiration of this Agreement to determine and specify the duration and terms of such 148 extension. Between the Effective Date and Commencement Date, Contractor shall perform all activities 149 necessary to prepare itself to start providing services required by this Agreement on the Commencement 150 Date. 151 Notwithstanding the above, City may at its sole discretion and with a six (6) month notice, require City of Milpitas/Milpitas Sanitation, Inc. 152 Contractor to enter into a one (1) year extension of the Agreement without changes to its material 153 provisions.
Term and Option to Extend. A. Commencement Date and Term. Subject to the "Condition Precedent Regarding Environmental Law Compliance" set forth below, the term of this Agreement shall commence on the first day of the first month following MERA's notice to the Licensor that MERA has obtained all approvals necessary for MERA to be legally entitled to construct a facility for providing a public safety and emergency radio system (the "Commencement Date") and continue for a period of five (5) years, except in the case that such approvals are not obtained within five (5) years from the date of approval of this Agreement then this Agreement shall automatically terminate and be deemed null and void. MERA shall be permitted to occupy the License Space and commence construction of the MERA facilities upon receipt of all such approvals. Prior to receipt of all such approvals, and following full execution of this Agreement, MERA shall have the right to enter the License Space for the purpose of making appropriate engineering and surveys, inspections, soil test borings and other reasonable necessary tests.
Term and Option to Extend. 10.1 This Agreement shall commence on the Effective Date and, unless extended by S4C in accordance with the provisions of this clause or terminated earlier, shall continue in force until midnight on the day immediately preceding the third anniversary of the Effective Date.
Term and Option to Extend. The Term of this Agreement shall commence March 1, 2024 (Commencement Date) and continue in full force for a period of ten (10) years and one (1) month, through and including March 31, 2034, unless the Agreement is extended in accordance with this Section or terminated pursuant to Section 10.2. At Authority’s sole discretion, this Agreement may be extended one (1) or more times without amendment for a total period not to exceed five (5) years. If Authority desires to extend the Agreement, Authority shall provide the Contractor with written notice of its decision to extend the Agreement at least one (1) year before the expiration of the initial Term. Such notice by Authority shall specify the duration of the extension. In the event of an extension, all terms and conditions of this Agreement shall remain in full force and effect throughout the extended term of the Agreement. Between the Effective Date and Commencement Date, Contractor shall perform all activities necessary to prepare itself to start providing services required by this Agreement on the Commencement Date. If applicable, before expiration or earlier termination of this Agreement, Contractor will take direction from the Authority Contract Manager and cooperate with the subsequent Contractor to assist in a timely and orderly transition of services from Contractor to subsequent contractor.
Term and Option to Extend. 683 The Term of this Agreement shall commence March 1, 2015 (Commencement Date) and continue in full force for a 684 period of ten (10) years, through and including February 28, 2025, unless the Agreement is extended in accordance 685 with this Section or terminated pursuant to Article 11. Between the Effective Date and Commencement Date, 686 Contractor shall perform all activities necessary to prepare itself to provide Services required by this Agreement on 687 the Commencement Date. 688 At the CCCSWA’s sole discretion, the Term of this Agreement may be extended, for up to twenty‐four (24) months 689 after February 28, 2025 (i.e., until February 28, 2027), in one or more periods specified by the CCCSWA. Such 690 extensions shall be conditioned upon the Contractor’s achievement of the two (2) performance standards defined 691 in Section 4.2, each of which may be waived by the CCCSWA, in its sole discretion. If the CCCSWA elects to 692 exercise this option to extend the Term, it shall give written notice of its election to the Contractor, specifying the 693 number of months by which it wishes to extend the Term, one hundred eighty (180) Days prior to the expiration 694 date then existing under this Agreement. 695 The CCCSWA has no obligation to renegotiate, renew, or extend the rights granted to Contractor beyond the initial 696 ten‐year (10‐year) Term of the Agreement.
