EXTENDING THE TERM OF THE CONTRACT Sample Clauses

The "Extending the Term of the Contract" clause defines the process by which the duration of an existing contract can be prolonged beyond its original end date. Typically, this clause outlines the conditions under which an extension may be granted, such as requiring mutual written agreement by both parties or specifying notice periods for requesting an extension. Its core practical function is to provide a clear and agreed-upon mechanism for continuing the contractual relationship without needing to negotiate an entirely new contract, thereby ensuring continuity and reducing administrative burdens.
EXTENDING THE TERM OF THE CONTRACT. HHS may extend the term of this contract for an additional period of performance beyond December 31, 2013, by written notice to the Contractor no later than 120 days prior to that date. The close out period will be extended by the length of any additional period of performance. If the Contractor does not agree to extend the period of performance, the Contractor must provide written notice to HHS of its intention not to do so within 60 days of the notice from HHS.
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Related to EXTENDING THE TERM OF THE CONTRACT

  • TERM OF THE CONTRACT This Contract begins on 07/01/2015 and ends on 06/30/2016. DSHS has the option, in its sole discretion, to renew the Contract. DSHS is not responsible for payment under this Contract before both parties have signed the Contract or before the start date of the Contract, whichever is later.

  • OPTION TO EXTEND THE TERM OF THE CONTRACT (MAR 2000)

  • Initial Term The initial term will begin on the date set forth in the Contract documents or on the date the Contract is signed by all Parties, whichever is later.

  • Term of the Company The term of the Company shall commence on the date the Certificate is filed with the Delaware Secretary of State in accordance with the provisions of the Act and shall continue until dissolved and terminated pursuant to this Agreement.

  • Termination and Suspension of the Contract The Competent Body shall suspend the Contract in a binding order if: o The License is suspended; o There is a direct threat to life or health of the people working or residing in a zone influenced by the operations under the Contract;