Optional Renewal Term definition

Optional Renewal Term means an additional one year period that can extend the duration of these USAC Terms and Conditions at USAC’s sole discretion as described in Section 2 of these USAC Terms and Conditions.
Sample 1Sample 2Sample 3
Optional Renewal Term means an additional one year period that can extend the duration of these USAC Standard Terms and Conditions, and that can be exercised at USAC’s sole discretion as described in Section 2 of these USAC Standard Terms and Conditions.
Sample 1Sample 2Sample 3
Optional Renewal Term means an additional one year period that can extend the
Sample 1Sample 2Sample 3

Examples of Optional Renewal Term in a sentence

  • If the District chooses not to exercise an Optional Renewal Term as provided in this Section, then the Subsequent Term shall also be deemed the “Ending Term” with no further obligation on the party of either party.

  • USAC may exercise an Optional Renewal Term by written notice to Contractor within ten (10) days prior to expiration of the then current Initial Term or Optional Renewal Term.

  • Upon thirty (30) days’ prior written notice evidenced by a written renewal letter from APS specifying the effective date and the length of the Optional Renewal Term, APS shall have the option to renew this Agreement under its otherwisesame terms and conditions for ( ) one-year “Optional RenewalTerms”.

  • USAC may exercise an option to extend by written notice to Contractor within ten (10) days prior to expiration of the then current Initial Term or Optional Renewal Term.

  • USAC may exercise an option to extend by written notice to Contractor within ten(10) days prior to expiration of the then current Initial Term or Optional Renewal Term.

  • Upon thirty (30) days’ prior written notice evidenced by a written renewal letter from APS specifying the effective date and the length of the Optional Renewal Term, APS shall have the option to renew this Agreement under its otherwise same terms and conditions for ( ) one-year “Optional Renewal Terms”.

  • If at any time during the Initial Term or any Optional Renewal Term, HCJFS determines that service capacity needs to be expanded HCJFS may re-release this RFP.

  • On a monthly basis, Vendor shall provide a report to USAC on the total spend against the Not-to-Exceed Amount for the Initial Term and each Optional Renewal Term.

  • The total amount of the Optional Renewal Term shall not exceed $000,000.00 over the life of Optional Renewal Term.

  • Vendor is not obligated to provide Services under this MSA to the extent the Fees for such Services would exceed the Not-to-Exceed Amount for the then-applicable Initial Term or Optional Renewal Term if (i) it has complied with the two following paragraphs, and (ii) it notifies USAC immediately when the Not-to-Exceed Amount has been reached.


More Definitions of Optional Renewal Term

Optional Renewal Term. As defined in Section 13.2.
Sample 1Sample 2Sample 3
Optional Renewal Term has the meaning set forth in Section 4.1.
Sample 1Sample 2Sample 3
Optional Renewal Term has the meaning set forth in Article I.
Sample 1Sample 2
Optional Renewal Term means any renewal term of this Agreement other than a Mandatory Renewal Term.
Sample 1

Related to Optional Renewal Term

  • Renewal Term has the meaning set out in Section 9.1.

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

  • Renewal Period “Buyer” and “Default” have the same meanings respectively as they have in the Water Agreement.

  • Initial Term has the meaning set forth in Section 7.1.

  • Option Term means a period, if any, through which this Agreement may be or has been extended by the JBE.

  • Lease Term means the term of this Lease which shall commence on the Commencement Date and continue for the period specified in Section J of the Summary.

  • Lease Year means each consecutive twelve-month period beginning with the Commencement Date, except that if the Commencement Date is not the first day of a calendar month, then the first Lease Year shall be the period from the Commencement Date through the final day of the twelve months after the first day of the following month, and each subsequent Lease Year shall be the twelve months following the prior Lease Year.

  • Base Rent Period Annual Rate Per Square Foot Monthly Base Rent

  • Monthly Rent means the monthly installment of Minimum Annual Rent plus the monthly installment of estimated Annual Operating Expenses payable by Tenant under this Lease.

  • Renewal Date means the effective date of Renewal. The first Renewal Date shall be the date as specified in the Policy Schedule (which shall not be later than the first anniversary of the Policy Effective Date) and the subsequent Renewal Date(s) shall be the anniversary(ies) of the first Renewal Date. The relevant Renewal Date shall be specified in the notification of Renewal in accordance with Section 3 of Part 4.

  • Rental Period means the calendar period during which Government property is made available for nongovernmental purposes.

  • Basic Rent means Basic Rent as defined in Paragraph 6.