Common use of Term Extension and Termination Clause in Contracts

Term Extension and Termination. 2.1 This Framework Agreement shall become effective on [insert] (the "Commencement Date"). 2.2 This Framework Agreement shall (subject to earlier termination or extension pursuant to the terms of this Framework Agreement) be effective for [insert] year[s] from the Commencement Date. 2.3 Network Rail may extend the term of this Framework Agreement for up to [insert] [year[s]] [month[s]] subject to giving the Supplier not less than [insert] month['s][s'] prior written notice. 2.4 Network Rail may terminate this Framework Agreement for any reason at any time subject to giving the Supplier not less than [insert] [days'][month['s][s'] written notice. 2.5 Termination of this Framework Agreement shall not affect the engagement of the Supplier under any Commission Contract and the termination of a Commission Contract shall be governed by the terms of that Commission Contract.

Term Extension and Termination. 2.1 This Framework Agreement shall become effective on [insert] (the "Commencement Date"). 2.2 This Framework Agreement shall (subject to earlier termination or extension pursuant to the terms of this Framework AgreementFramework) be effective for [insert] year[s] from the Commencement Date. 2.3 Network Rail may extend the term of this Framework Agreement for up to [insert] [year[s]] [month[s]] subject to giving the Supplier not less than [insert] month['s][s'] prior written notice. 2.4 Network Rail may terminate this Framework Agreement for any reason at any time subject to giving the Supplier not less than [insert] [days'][month['s][s'] written notice. 2.5 Termination of this Framework Agreement shall not affect the engagement of the Supplier under any Commission Contract and the termination of a Commission Contract shall be governed by the terms of that Commission Contract.

Term Extension and Termination. 2.1 This Framework Agreement shall become effective on [insert] (the "Commencement Date"). 2.2 This Framework Agreement shall (subject to earlier termination or extension pursuant to the terms of this Framework Agreement) be effective for [insert] year[s] from the Commencement Date. 2.3 Network Rail may extend the term of this Framework Agreement for up to [insert] [year[s]] [month[s]insert period] subject to giving the Supplier Contractor not less than [insert] [month['s][s'] prior written notice. 2.4 Network Rail may terminate this Framework Agreement for any reason at any time subject to giving the Supplier Contractor not less than [insert] [days'][month['s][s'] written notice. 2.5 Termination or expiry of this Framework Agreement shall not affect the engagement of the Supplier Contractor under any Commission Contract and the termination of a Commission Contract shall be governed by the terms of that Commission Contract.