EXTENSION CLAUSE definition

EXTENSION CLAUSE. Any contract awarded from the offering of these specifications will be subject to, after the original expiration date, an extension of six (6) additional times for the original term of the contract. The Office of State Procurement and the contractor must mutually agree upon any extension. The Office of State Procurement will notify the contractor before expiration of the contract if an extension is requested. The Price Change Clause will remain in effect for any period agreed upon for extension.

Examples of EXTENSION CLAUSE in a sentence

• EXTENSION CLAUSE This contract may be extended for up to four additional years unless sooner terminated in accordance with the provisions of this Contract if the vendor and the WCPSS mutually agree, no increases in costs are incurred except for the growth and the maximum allowable escalation price is capped by consumer price index increases.

• SPECIAL EXTENSION CLAUSE In the event that the renewal terms and conditions of this policy have not been concluded upon its expiration, this policy shall be automatically extended for a period not exceeding six(6) months.

• EXTENSION CLAUSE No 02 “Insurance against internal breakdowns” 1.

• This WAR RISKS EXTENSION CLAUSE provides for such liabilities as would be covered by the Association andthe Member’s terms of entry, but for the exclusion of war risks in Rule 25.

• NOTIFICATION EXTENSION CLAUSE:- Should the Insured notify the Company during the Policy period in accordance with General Condition 9.1 of any specific event or circumstance which the Company acceptsmay give rise to a claim or claims which form the subject of indemnity by this policy, then the acceptance of such notification means that the company will deal with such claim or claims as if they had first been made against the insured during the policy period.

• LAND TRANSIT EXTENSION CLAUSE This Section is extended to cover loss of or damage to the equipment insured whilst in course of transit, occasioned by the carrying land vehicle being on fire, derailed, overturned or in a collision, struck by lightning or other accident to the vehicle such as involuntarily leaving the road and breaking of bridges.

• Hotel and Motel expenses will be reimbursed on completion of authorized travel upon submittal of proper claim.

• NOTIFICATION EXTENSION CLAUSE Should the Insured notify the Company during the Policy Period in accordance with Special Condition 1 of this Section V of any specific event or circumstance which the Company accepts may give rise to a claim or claims which form(s) the subject of indemnity by this Section III of this Policy, then the acceptance of such notification means that the Company will deal with such claim or claims as if they had first been made against the Insured during the Policy Period.

• IMPORT LICENCE GUARANTEED BY BUYERS ALL OTHER TERMS AND CONDITIONS INCLUDING ARBITRATION AS PER FOSFA 54 CONTRACT, AND ITS OPTIONAL EXTENSION CLAUSE WHICH APPLIES TO ARRIVAL DATES TO APPLY IN THE EVENT THAT ARRIVAL DATE NOT MET.

• N OTIFICATION EXTENSION CLAUSE Should the Insured notify the Company during the Policy Period in accordance with General Condition No.8.1 of any specific event or circumstance which the company accepts may give raise to a claim or claims which form the subject of indemnity by this policy, then the acceptance of such notification means that the Company will deal with such claims or claims as if they had first been made against the Insured during the Policy period.