Common use of Contract Term and Renewal Clause in Contracts

Contract Term and Renewal. This Contract shall begin on the Effective Date and shall continue until June 30, 2019 11:59 pm (local Atlanta time) (the “Initial Term”). SRTA may elect to renew this Contract on the same terms and conditions for up to four (4) additional renewal periods with a term of up to three (3) years each (each renewal a “Renewal Term”). The Initial Term and any and all Renewal Terms may be referred to collectively as the “Term.” The renewal of the Contract shall be at the sole discretion of SRTA and evidenced by an Amendment signed by both Parties. Subsequent to the execution of the Contract by both Parties, the Work to be rendered by the TSI Contractor shall commence by project once SRTA issues the TSI Contractor a Notice to Proceed for a project.