COST EXTENSION Clause Samples

A Cost Extension clause allows for the adjustment of contract timelines or budgets when unforeseen costs arise during the performance of the agreement. Typically, this clause outlines the process by which a party can request additional time or funding, such as submitting documentation of the extra expenses and obtaining approval from the other party. Its core function is to provide flexibility in managing unexpected financial impacts, ensuring that neither party is unfairly penalized for circumstances beyond their control.
COST EXTENSION. The Prime Recipient may request the DOE Contracting Officer to authorize a one-time, no-cost extension of this Award. Such requests must be submitted in writing to the DOE Contracting Officer at least 60 days before the end of the project period. The DOE Contracting Officer may, at his discretion, grant or deny such requests. Any no-cost extension will not alter the schedule of technical milestones and deliverables in Attachment 3 to this Award.
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COST EXTENSION. The Prime Recipient may request the ARPA-E Contracting Officer to authorize a one-time, no-cost extension of this Award. Such requests must be submitted in writing to the ARPA-E Contracting Officer at least 60 days before the end of the project period. The ARPA-E Contracting Officer may, at his or her discretion, grant or deny such requests. Any no-cost extension will not alter the schedule of quarterly milestones and objectives in Attachment 3 to this Award.
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Related to COST EXTENSION

  • Contract Extension The Contract is extended for a period of six (6) months pursuant to the same terms and conditions of the contract and any executed written amendments, with a new Contract expiration date of May 31, 2025.

  • Modification, Extension The issuance of any supplement, modification, amendment, renewal, or extension to any Letter of Credit shall, for purposes hereof, be treated in all respects the same as the issuance of a new Letter of Credit hereunder.

  • Renewal, Extension The renewal or extension of any Letter of Credit shall, for purposes hereof, be treated in all respects the same as the issuance of a new Letter of Credit hereunder.

  • Time Extension CONTRACTOR shall provide a time extension request on completion of Task Order for delays caused by others (Permitting Agencies, COUNTY or Contract Cities, or unforeseen conditions such as inclement weather, etc.) and at no fault by CONTRACTOR, subject to approval by COUNTY. COUNTY will review the request and determine in its sole discretion whether the situation warrant a time extension at no-cost or with costs. If CONTRACTOR completes the Task Order beyond the stipulated completion date without COUNTY’s specific written approval for time extension, CONTRACTOR will be subject to liquidated damages and may be construed as non-responsive, which may affect CONTRACTOR for considerations for future Task Orders or projects.

  • Lease Extension If this Lease shall not have been terminated --------------- pursuant to any provisions hereof and there is no Material Breach (as defined herein) by Tenant hereunder at the time set for exercise of the Extension Terms (as herein defined) and at the time set for commencement thereof, then Tenant may, at Tenant's option, extend the term of this Lease for five (5) successive additional terms of four (4) years each (each an "Extension Term," collectively the "Extension Terms") commencing on the expiration of the original term, or the immediately preceding Extension Term, as the case may be. Tenant may exercise such option by giving Landlord written notice at least ten (10) months prior to the expiration of the original or the immediately preceding Extension Term, as the case may be. Upon the giving by Tenant to Landlord of such written notice and the compliance by Tenant with the foregoing provisions of this Paragraph 15, this Lease shall be deemed to be automatically extended upon all the Covenants, agreements, terms, provisions and conditions set forth in this Lease, except that Base Rent for each such Extension Term shall be as provided on Exhibit D. If Tenant fails or omits to so give to Landlord the written notice referred to above, Landlord shall provide Tenant with written notice of Tenant's failure to exercise the Extension Term, and upon receipt of such notice, Tenant shall be allowed fifteen (15) days to exercise the extension option allowed for herein. If Landlord fails to provide such notice, Tenant's renewal option shall expire upon the expiration of the then current term. Failure to respond to Landlord's notice within such fifteen (15) days shall be deemed to be a waiver by Tenant of its extension option hereunder.