Common use of Term of the Master Agreement Clause in Contracts

Term of the Master Agreement. a. The initial term of this Master Agreement is for five (5) years. This Master Agreement may be extended beyond the original contract period for two (2) additional years at the Lead State’s discretion and by mutual agreement and upon review of requirements of Participating Entities, current market conditions, and Contractor performance. b. The Master Agreement may be extended for a reasonable period of time, not to exceed six months, if in the judgment of the Lead State a follow-on, competitive procurement will be unavoidably delayed (despite good faith efforts) beyond the planned date of execution of the follow-on master agreement. This subsection shall not be deemed to limit the authority of a Lead State under its state law otherwise to negotiate contract extensions.

Appears in 9 contracts

Samples: Cooperative Contract, Request for Proposals, Request for Proposals

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Term of the Master Agreement. a. The initial term of this Master Agreement is for five Two (52) years. This Master Agreement may be extended beyond the original contract period for two up to 36 months (2not to exceed a 5- year maximum) additional years at the Lead State’s discretion and by mutual agreement and upon review of requirements of Participating Entities, current market conditions, and Contractor performance. b. The Master Agreement may be extended for a reasonable period of time, not to exceed six months, if in the judgment of the Lead State a follow-on, competitive procurement will be unavoidably delayed (despite good faith efforts) beyond the planned date of execution of the follow-on master agreement. This subsection shall not be deemed to limit the authority of a Lead State under its state law otherwise to negotiate contract extensions.

Appears in 4 contracts

Samples: Request for Proposals, Request for Proposals, Request for Proposals

Term of the Master Agreement. a. The initial term of this Master Agreement is for five two (52) years. This Master Agreement may be extended beyond the original contract period for two Three (23) additional years 12-month at the Lead State’s discretion and by mutual agreement and upon review of requirements of Participating Entities, current market conditions, and Contractor performance. b. The Master Agreement may be extended for a reasonable period of time, not to exceed six months, if in the judgment of the Lead State a follow-on, competitive procurement will be unavoidably delayed (despite good faith efforts) beyond the planned date of execution of the follow-on master agreement. This subsection shall not be deemed to limit the authority of a Lead State under its state law otherwise to negotiate contract extensions.

Appears in 4 contracts

Samples: Contract Amendment, Contract Amendment, Service Agreement

Term of the Master Agreement. a. The initial term of this Master Agreement is for five (5) years. This Master Agreement may be extended beyond the original contract period for two (2) additional years at the Lead State’s discretion and by mutual agreement and upon review of requirements of Participating Entities, current market conditions, and Contractor performance. b. The Master Agreement may be extended for a reasonable period of time, not to exceed six (6) months, if in the judgment of the Lead State a follow-on, competitive procurement will be unavoidably delayed (despite good faith efforts) beyond the planned date of execution of the follow-follow- on master agreement. This subsection shall not be deemed to limit the authority of a Lead State under its state itsstate law otherwise to negotiate contract extensions.

Appears in 3 contracts

Samples: Cooperative Contract, Cooperative Contract, Cooperative Contract

Term of the Master Agreement. a. The initial term of this Master Agreement is for five (5) years2 year. This Master Agreement may be extended beyond the original contract period for two four (24) additional years at the Lead State’s discretion and by mutual agreement and upon review of requirements of Participating Entities, current market conditions, and Contractor performance. b. The Master Agreement may be extended for a reasonable period of time, not to exceed six months, if in the judgment of the Lead State a follow-on, competitive procurement will be unavoidably delayed (despite good faith efforts) beyond the planned date of execution of the follow-follow on master agreement. This subsection shall not be deemed to limit the authority of a Lead State under its state law otherwise to negotiate contract extensions.

Appears in 3 contracts

Samples: Scope of Work, Contract Modification, Master Agreement

Term of the Master Agreement. a. The initial term of this Master Agreement is for five One (51) yearsyear. This Master Agreement may be extended beyond the original contract period for two Three (23) additional years 12-month at the Lead State’s discretion and by mutual agreement and upon review of requirements of Participating Entities, current market conditions, and Contractor performance. b. The Master Agreement may be extended for a reasonable period of time, not to exceed six months, if in the judgment of the Lead State a follow-on, competitive procurement will be unavoidably delayed (despite good faith efforts) beyond the planned date of execution of the follow-on master agreement. This subsection shall not be deemed to limit the authority of a Lead State under its state law otherwise to negotiate contract extensions.

Appears in 2 contracts

Samples: Standard Contract for Services, Services Agreements

Term of the Master Agreement. a. The initial term of this Master Agreement is for five three (53) years. This Master Agreement may be extended beyond the original contract period for two (2) additional years one-year terms at the Lead State’s discretion and by mutual agreement and upon review of requirements of Participating Entities, current market conditions, and Contractor performance. b. The Master Agreement may be extended for a reasonable period of time, not to exceed six months, if in the judgment of the Lead State a follow-on, competitive procurement will be unavoidably delayed (despite good faith efforts) beyond the planned date of execution of the follow-on master agreement. This subsection shall not be deemed to limit the authority of a Lead State under its state law otherwise to negotiate contract extensions.

Appears in 2 contracts

Samples: Request for Proposal, Request for Proposal

Term of the Master Agreement. a. The initial term of this Master Agreement is for five (5) 2 years. This Master Agreement may be extended beyond the original contract period for two (2) 36 additional years months at the Lead State’s discretion and by mutual agreement and upon review of requirements of Participating Entities, current market conditions, and Contractor performance. b. . The Master Agreement may be extended for a reasonable period of time, not to exceed six months, time if in the judgment of the Lead State a follow-on, competitive procurement will be unavoidably delayed (despite good faith efforts) beyond the planned date of execution of the follow-on master agreement. This subsection shall not be deemed to limit the authority of a Lead State under its state law otherwise to negotiate contract extensions.

Appears in 2 contracts

Samples: Master Agreement, Master Agreement

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Term of the Master Agreement. a. The initial term of this Master Agreement is for five two (52) years. This Master Agreement may be extended beyond the original contract period for two three (23) additional years at the Lead State’s discretion and by mutual agreement and upon review of requirements of Participating Entities, current market conditions, and Contractor performance. b. The Master Agreement may be extended for a reasonable period of time, not to exceed six months, if in the judgment of the Lead State a follow-on, competitive procurement will be unavoidably delayed (despite good faith efforts) beyond the planned date of execution of the follow-on master agreement. This subsection shall not be deemed to limit the authority of a Lead State under its state law otherwise to negotiate contract extensions.

Appears in 1 contract

Samples: Request for Proposal

Term of the Master Agreement. a. The initial term of this Master Agreement is for five three (53) years. This Master Agreement may be extended beyond the original contract period for two (2) additional years at the Lead State’s discretion and by mutual agreement and upon review of requirements of Participating Entities, current market conditions, and Contractor performance. b. The Master Agreement may be extended for a reasonable period of time, not to exceed six months, time if in the judgment of the Lead State a follow-on, competitive procurement will be unavoidably delayed (despite good faith efforts) beyond the planned date of execution of the follow-on master agreement. This subsection shall not be deemed to limit the authority of a Lead State under its state law otherwise to negotiate contract extensions.

Appears in 1 contract

Samples: Master Agreement

Term of the Master Agreement. a. The initial term of this Master Agreement is for five (5) years. This Master Agreement may be extended beyond the original contract period for two up to five (25) additional years at the Lead State’s discretion and by mutual agreement and upon review of requirements of Participating Entities, current market conditions, and Contractor performance. b. The Master Agreement may be extended for a reasonable period of time, not time in adherence to exceed six monthsthe Lead State’s Procurement Code, if in the judgment of the Lead State a follow-follow‐ on, competitive procurement will be unavoidably delayed (despite good faith efforts) beyond the planned date of execution of the follow-on follow‐on master agreement. This subsection shall not be deemed to limit the authority of a Lead State under its state law otherwise to negotiate contract extensions.

Appears in 1 contract

Samples: Cooperative Contract

Term of the Master Agreement. a. The initial term of this Master Agreement is for five (5) yearsone year. This Master Agreement may be extended beyond the original contract period for two (2) four additional years at the Lead State’s discretion and by mutual agreement and upon review of requirements of Participating Entities, current market conditions, and Contractor performance. b. The Master Agreement may be extended for a reasonable period of time, not to exceed six months, if in the judgment of the Lead State a follow-on, competitive procurement will be unavoidably delayed (despite good faith efforts) beyond the planned date of execution of the follow-on master agreement. This subsection shall not be deemed to limit the authority of a Lead State under its state law otherwise to negotiate contract extensions.

Appears in 1 contract

Samples: Naspo Valuepoint Master Agreement for Aed Units and Accessories

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