Extension Clause Sample Clauses
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Extension Clause. The parties further agree that this contract shall be automatically extended for an additional period up to 90 days from the end date of this Contract in the event that a new contract between the parties concerning the same subject matter is being negotiated but has not been executed prior to the expiration date. The purpose of this extension is to insure uninterrupted services. In the event that this contract is extended pursuant to the foregoing provision, any change in fees contained in the subsequent contract may be made retroactive to the expiration date of this contract, by mutual agreement of the parties.
Extension Clause. A) The parties further understand and agree that this Contract shall be automatically extended from an additional period up to ninety (90) calendar days from the end date of this Contract in the event that a new Contract between the parties is desired but not entered into prior to the expiration date contained in this Contract. The purpose of this extension is to ensure the existence of an uninterrupted contract in the event that a new contract is desired but is unable to be signed by the parties prior to the expiration date of this Contract. In the event that this Contract is extended pursuant to this clause, any change in fees contained in the subsequent contract may be made retroactive to the expiration date of this Contract, by mutual agreement of the parties.
Extension Clause. The State Purchasing Director reserves the right to extend this contract period beyond the indicated expiration date with the consent of the contractor. Total contract period may not exceed three years.
Extension Clause. Pending mutual agreement between Buyer and Company, the Buyer, in its sole discretion, may purchase additional Apparatus and equipment off of this contract for ten (10) years, but is not required and/or legally obligated to do so. The Company shall not substitute a brand of Apparatus different from the bid of the Buyer. The Company shall be responsible for advising the Buyer of any upgrades, improvements, or engineering changes made to the Apparatus as agreed upon in this contract. The purchase price may be subject to any supplier price increases caused by GSA, EPA, NFPA, DOT, or other regulatory changes, or fluctuations in market prices of aluminum or other raw materials. Normal cost adjustments for inflation may also apply.
Extension Clause. It is agreed that at any time prior to termination or cancellation of this policy as an entirety, whether by the INSURED or by the Company, the INSURED may give to the Company notice that it desires to be INSURED for an additional period of twelve (12) months after the effective date of termination or cancellation, at an additional premium of 25% of the premium hereunder, for claims made against the INSURED during the said twelve (12) month period by reason of a WRONGFUL ACT committed or alleged to have been committed prior to the effective date of termination or cancellation and which would be otherwise INSURED by this policy, subject to the following provisions:
(a) Such additional period shall be deemed part of the policy period and not an addition thereto;
(b) Such additional period of time shall terminate forthwith on the effective date of any other insurance obtained by the INSURED or its successors in business, replacing in whole or in part the insurance afforded by this policy. Where such other policy provides no coverage for loss sustained prior to its effective date, it shall not be deemed to be a replacement of this policy. If the policy period described in the Declarations is for a term of more than one year, the maximum premium for this extension shall be 25% of the equivalent annual premium.
Extension Clause. The parties agree that Paragraph 23 of the Master Agreement is hereby amended by deleting each instance of the use of "90 days" and replacing therewith "180 days". It is the intention of the Evergreen Extension Clause that each party shall have at least 180 days advance written notice of the other party's intention not to continue under the Master Agreement; provided, however, the Company shall have the right to terminate the Master Agreement on 90 days prior written notice should Carrier fail to correct and maintain acceptable service performance levels within 30 days prior written notice to Carrier of specific performance deficiencies. All other terms and provisions of Paragraph 23 of the Master Agreement remain unaltered.
Extension Clause. This contract may be extended annually for up to four (4) additional years from the expiration of the Contract period, unless sooner terminated in accordance with the provisions of this Contract. If the Caterer and the SFA mutually agree, any escalation or de-escalation in cost will be based on the March Annual National Consumer Price Index, Cost of Food Away from Home adjustment.
Extension Clause. This contract may be extended for a period of 90 days by Customer, by paying a fee in the amount of
Extension Clause. If agreed upon in writing by both parties to the contract, the contract may be extended for an additional period of time not to exceed the original contract time period. The extended contract will be for the original bid quantities (or a percentage of the original bid quantities dependent upon the time extension), original terms and conditions plus any applicable change orders.