Contract Term Extension definition

Contract Term Extension means an extension of the term of this contract, at the request of Purchaser, under this Subsection. This Subsection does not obligate Contracting Officer to grant Contract Term Extension.
Sample 1Sample 2Sample 3
Contract Term Extension means an extension of the term of this contract, at the request of Contractor, under this Sub- section. This Subsection does not obligate Contracting Officer to grant Contract Term Extension. An extension can only be granted when Contracting Officer has de- termined that Contractor has diligently performed under the terms of this contract and when such extension is determined to be in the best interest of Forest Service. Contracting Officer may not grant Contractor’s writ-‌‌‌‌ ten request for Contract Term Extension, unless Con- tractor’s Operations to date have been in reasonable compliance with contract terms and the approved Tech- nical Proposal under B6.311 and all contractual require- ments have been met by Contractor and accepted by‌ Forest Service in active stewardship project areas and on areas cut over at time of Contractor’s request, except for areas where work is in progress at time of Contrac- tor’s request. Contractor’s burning of current slash or seeding or planting for erosion control may be tempo- rarily waived, if weather or other considerations make such work impractical.‌‌‌‌ Contract Term Extension shall not become effective unless the initial Extension Deposit required by B4.217 has been made by the effective date of any extension. When such extension is made, Forest Service shall make an appraisal using standard Forest Service meth- ods and appraisal data in effect 45 days prior to the orig- inal Termination Date. Bid Premium Rates shall be added to such appraised rates to establish Flat Rates or Tentative Rates for the extension period. In event rates so established would develop Current Contract Value immediately prior to such an extension that is less than Current Contract Value at that time, Flat Rates and Tentative Rates in effect immediately prior to extension shall be retained for the extension period.‌‌
Sample 1Sample 2Sample 3
Contract Term Extension means an extension of the term of this contract, at the request of Purchaser, under this Subsection. This Subsection does not obligate Contracting Officer to grant Contract Term Extension. When such extension is made, Forest Service shall make an appraisal using standard Forest Service methods and appraisal data in effect 45 days prior to the original Termination Date. Bid Premium Rates shall be added to such appraised rates to establish Flat Rates or Tentative Rates for the extension period. In event rates so established would develop Current Contract Value immediately prior to such an extension that is less than Current Contract Value at that time, Flat Rates and Tentative Rates in effect immediately prior to extension shall be retained for the extension period. In consideration for granting an extension, Purchaser shall pay the Government for Purchaser's failure to cut and remove timber meeting Utilization Standards prior to Contract Term Extension, an amount that shall be the total of the costs to the Government resulting from the delay in harvest of Included Timber. Such costs will be determined by Forest Service and shall include, but not be limited to, the following:
Sample 1

Examples of Contract Term Extension in a sentence

  • This Subsection does not obligate Contracting Officer to grant Contract Term Extension.

  • In the event of Contract Term Extension, the escala- tion procedure will be used during the extension period, except that adjusted payment rates for any calendar quar- ter cannot be less than Tentative Rates, for each species and product group, established under B8.23 for the ex- tension period.

  • In the event of Contract Term Extension, the escala- tion procedure will be used during the extension period, except that adjusted payment rates for any calendar quar- ter cannot be less than Tentative Rates, for each species and product group, established under BT8.23 for the ex- tension period.

  • This provision shall not apply during the period of a Contract Term Extension.

  • Required Deposits may be adjusted as part of a rate redetermination or a Contract Term Extension.

  • In the event of Contract Term Extension, the escalation procedure will be used during the extension period, ex- cept that adjusted payment rates for any calendar quarter cannot be less than Tentative Rates, for each species and product group, established under I.2.3 for the extension period.

  • In the event of Contract Term Extension, Forest Service shall divide the difference between Current Contract Value as of the start of any Contract Term Extension and the credit balance of any deposit made pursuant to B4.213 by the number of whole months remaining in Normal Operating Season(s) B4.218 Cooperative Deposits.

  • SAMPLE In the event of Contract Term Extension, the escala- tion procedure will be used during the extension period, except that adjusted payment rates for any calendar quar- ter cannot be less than Tentative Rates, for each species and product group, established under BT8.23 for the ex- tension period.

  • Flat Rates and Tentative Rates shall be those listed in A4, unless superseded by rates redetermined under B3.3 or established for Contract Term Extension.

  • Finally the County Council is opposed to decision by DfE to exclude £150m from the Grant to be ‘retained centrally for future use in funding early intervention and children’s services’.

Related to Contract Term Extension

  • Patent Term Extension means any term extensions, supplementary protection certificates and equivalents thereof offering Patent protection beyond the initial term with respect to any issued Patents.

  • End of Term Extension means the time period defined in §2.D.

  • Contract Term means period of performance set forth in the paragraph entitled “Term” contained in Exhibit E.

  • Renewal Application means a document used to collect pertinent data for renewal of permits

  • License Period means the period beginning from the Commencement Date and ending on the Termination Date.

  • Service Extension shall have the meaning set forth in Section 7.1(c).

  • Development Term means the period commencing on the Closing Date and ending on the earlier of (a) the Option Closing Date or (b) the date the Option terminates or expires other than by exercise.

  • Resolution Extension Period As defined in Section 2.03(b).

  • Commencement of Commercial Production means: (i) if a mill is located on the Property, the last day of a period of 40 consecutive days in which, for not less than 30 days, the mill processed ore from the Property at 60% of its rated concentrating capacity; or (ii) if a mill is not located on the Property, the last day of a period of 30 consecutive days during which ore has been shipped from the Property on a reasonably regular basis for the purpose of earning revenues, but any period of time during which ore or concentrate is shipped from the Property for testing purposes, or during which milling operations are undertaken as initial tune-up, shall not be taken into account in determining the date of Commencement of Commercial Production;

  • Fixed term tenancy means a tenancy that has a fixed term of existence, continuing to a

  • Three-Month Term SOFR Conventions means any determination, decision or election with respect to any technical, administrative or operational matter (including with respect to the manner and timing of the publication of Three-Month Term SOFR, or changes to the definition of “interest period,” timing and frequency of determining Three-Month Term SOFR with respect to each interest period and making payments of interest, rounding of amounts or tenors, and other administrative matters) that the Calculation Agent decides may be appropriate to reflect the use of Three-Month Term SOFR as the Benchmark in a manner substantially consistent with market practice (or, if the Calculation Agent decides that adoption of any portion of such market practice is not administratively feasible or if the Calculation Agent determines that no market practice for the use of Three-Month Term SOFR exists, in such other manner as the Calculation Agent determines is reasonably necessary).

  • Exclusivity Period shall have the meaning set forth in Section 6.11.

  • Initial Term Loan shall have the meaning provided in Section 2.1(a).

  • Project Term the period from the Operation Commencement Date to the Expiry Date or the Termination Date, whichever occurs first, which is further described in Clause 3;

  • Collaboration Term has the meaning set forth in Section 2.1(h).

  • Time Extension shall have the meaning set forth in Clause 10.5;

  • Period of Extended Hire means any additional period that the Hirer wishes the Agency Worker to be supplied for beyond the duration of the original Assignment or series of assignments as an alternative to paying a Transfer Fee;

  • Contract Term Adjustment means adjustment only as provided for in the three circumstances described in this Subsection. Under these circumstances, the contract term shall be adjusted in writing to include additional calendar days in one or more Normal Operating Seasons equal to the actual time lost, except as limited by paragraph (b) in this Subsection.

  • Research Period means the research period as described in the Commissioned Research Plan. In accordance with the provisions of this Agreement, in the event that the Agreement ended prior to the completion date of the research originally set, the date the Agreement ends shall be read as the research period.

  • License Term means the duration of a License as specified in the Order.

  • Extended Term shall have the meaning given such term in Section 2.4.

  • site development plan means a dimensioned plan drawn to scale that indicates details of the proposed land development, including the site layout, positioning of buildings and structures, property access, building designs and landscaping;

  • Regulatory Exclusivity Period means, with respect to each Licensed Product in any country in the Territory, a period of exclusivity (other than Patent exclusivity) granted or afforded by Applicable Law or by a Regulatory Authority in such country that confers exclusive marketing rights with respect to such Licensed Product in such country or prevents another Person from using or otherwise relying on any data supporting the approval of the Drug Approval Application for such Licensed Product to support an application for regulatory approval of another product for any indication without the prior written consent of the Drug Approval Application holder.

  • Initial Term Facility means the Initial Term Loan Commitments and the Initial Term Loans made hereunder.

  • Additional Term Loan has the meaning specified in Section 2.01(c).