Common use of Extension of Initial Contract Period Clause in Contracts

Extension of Initial Contract Period. 31.1. Subject to clause 13 (Price Adjustment on Extension of the Initial Contract Period or the Extended Period), the Authority may, by giving written notice to the Contractor not less than three (3) Month(s) prior to the last day of the Initial Contract Period and the Extended Period, extend the Contract for such further period as may be specified in the notice. The provisions of the Contract will apply (subject to any Variation or adjustment to the Contract Price pursuant to clause 13) throughout each such extended period. 31.2. The Authority may give written notice to the Contractor no later than 30 June 2017 that the Contract will expire on 31 December 2017 in which case the Contract shall expire automatically on that date. Such expiry shall not be treated as a termination of the Contract by the Authority (whether pursuant to clause 38 or otherwise) and the provisions relating to expiry set out in the Contract (including the relevant provisions of clause 39) shall apply.