Common use of Term of Agreement and Renewals Clause in Contracts

Term of Agreement and Renewals. 145 The term of this Contract shall be 1 year (“Term”) according to the City’s fiscal 146 calendar, beginning on July 1, 2012 to June 30, 2013. Unless Contractor provides the 147 City with at a least 90-day prior written notice of its intention not to renew, the City, in 148 the discretion of the City Manager, shall have the option to renew the Contract for two 149 (2) additional one (1) year terms with an amendment extending the term if for each 150 additional fiscal year the City Council approves the appropriate funds for the BID 151 Services covered under this Contract. The effective date for each renewal shall be July 1, 152 unless stated differently in the renewal amendment. If the City elects not to renew for 153 one or both of the 2 additional one-year terms, such non-renewal procedure shall follow 154 the Termination for Convenience procedure described in Section 11.1 below, including 155 the requirement that the City will give Contractor 90-days notice of its intention not to 156 renew. 157

Term of Agreement and Renewals. 145 144 The term of this Contract shall be 1 year (“Term”) according to the City’s fiscal 146 145 calendar, beginning on July 1, 2012 2013 to June 30, 20132014. Unless Contractor provides the 147 146 City with at a least 90-day prior written notice of its intention not to renew, the City, in 148 147 the discretion of the City Manager, shall have the option to renew the Contract for two 149 one (21) 148 additional one (1) year terms term with an amendment extending the term if for each 150 the additional 149 fiscal year the City Council approves the appropriate funds for the BID 151 Services covered 150 under this Contract. The effective date for each renewal shall be July 1, 152 unless stated 151 differently in the renewal amendment. If the City elects not to renew for 153 one or both of the 2 1 additional 152 one-year termsterm, such non-renewal procedure shall follow 154 the Termination for Convenience 153 procedure described in Section 11.1 below, including 155 the requirement that the City will 154 give Contractor 90-days notice of its intention not to 156 renew. 157155