Common use of First Option Term Clause in Contracts

First Option Term. The Authority, at its sole discretion, may elect to extend the term of the Contract for the period of March 26, 2021 through March 25, 2022 (“First Option Term”) by giving written notice to the Contractor prior to the expiration of the Initial Term, unless earlier terminated as provided herein.

Appears in 1 contract

Sources: Intergovernmental Agreement

First Option Term. The Authority, at its sole discretion, may elect to extend the term of the Contract for the period of March 26, 2021 ,2022 through March 25, 2022 (“First Option Term”) by giving written notice to the Contractor prior to the expiration of the Initial Term, unless earlier terminated as provided herein.

Appears in 1 contract

Sources: Standard Services Agreement

First Option Term. The Authority, at its sole discretion, may elect to extend the term of the this Contract for the period of March 26, 2021 through March 25, 2022 (“First Option Term”) by giving written notice to the Contractor prior to the expiration of the Initial Term, unless earlier terminated as provided herein.

Appears in 1 contract

Sources: Personal Services Contract