FLEXIBLE EXTENSION OF THE CONTRACT PERIOD Clause Samples

The "Flexible Extension of the Contract Period" clause allows the duration of a contract to be extended beyond its original end date under certain conditions. Typically, this clause outlines the process for requesting and approving an extension, such as requiring written notice from one party and agreement from the other, and may specify limits on the length or number of extensions permitted. Its core practical function is to provide both parties with a structured mechanism to adapt the contract timeline in response to unforeseen delays or changing circumstances, thereby reducing the risk of breach due to time constraints.
FLEXIBLE EXTENSION OF THE CONTRACT PERIOD. In the event that the total value of Goods and/or Services, actually ordered within the “Contract Period” is less than the maximum value (including flexibilities)of the Contract , the Purchaser shall have the right, by no later than 30 days prior to the end of the Basic Frame Contract Period or the Option Period (detailed in para. 2.3 below), to notify the Supplier in writing of its intention to extend the Contract Period by a period of up to 12 months (hereinafter: the “Extension Period”). In no event shall the total Order/Contract period (including the Extension Period and Option Period) exceed 36 months from the beginning of the Basic Frame Contract Period.
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FLEXIBLE EXTENSION OF THE CONTRACT PERIOD. In the event that the total value of Goods, actually ordered within the “Contract Period” is less than the maximum value (including flexibilities) of the Contract, the Purchaser shall have the right, by no later than 30 days prior to the end of the Basic Frame Contract Period, to notify the Supplier in writing of its intention to extend the Contract Period by a period of up to 36 months (on year to year basis) (hereinafter: the “Extension Period”). Tender & Market Research Dept., Procurement Div., ,שכרה ףגא , םיזרכמו םיקווש רקח תקלחמ Operations and Logistics Div., The Israel Electric Corp. Ltd .מ"עב לארשיל למשחה תרבח ,הקיטסיגולו לועפת תביטח Registered Office: POB 10, ▇▇▇▇▇ ▇▇▇▇ ▇, ▇▇▇▇▇, ▇▇▇▇▇, ▇▇▇▇▇▇, Fax: ▇▇▇-▇▇-▇▇▇▇▇▇▇ :סקפ ,31000 ,הפיח 10 ד"ת ,1 רואה ביתנ :םושרה דרשמה ▇▇▇▇://▇▇▇.▇▇▇.▇▇.▇▇ :טנרטניאב ונתבותכ
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FLEXIBLE EXTENSION OF THE CONTRACT PERIOD. In the event that the total value of Goods and/or Services, actually ordered within the “Contract Period” is less than the maximum value (including flexibilities) of the Contract, the Purchaser shall have the right, by no later than 30 days prior to the end of the Basic Frame Contract Period or the Option Period (detailed in para. 2.3 below), to notify the Supplier in writing of its intention to extend the Contract Period by a period of up to 12 months (hereinafter: the “Extension Period”).
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FLEXIBLE EXTENSION OF THE CONTRACT PERIOD. 2.2.1 In the event that the total value of Goods and/or Services, actually ordered within the “Contract Period” is less than the maximum value (including flexibilities)of the Contract , the Purchaser shall have the right, by no later than 30 days prior to the end of the Basic Frame Contract Period or the Option Period (detailed in para. 2.3 below), to notify the Supplier in writing of its intention to extend the Contract Period by a period of up to months (hereinafter: the “Extension Period”). In no event shall the total Order/Contract period (including the Extension Period and Option Period) exceed months from the beginning of the Basic Frame Contract Period. ךילהה גוויס ןמזב םהבש םיכילה/םיזרכמ רובע קר יטנבלר היהי אבה ףיעסה :ךילהה/זרכמה ךרועל הרעה ,היצפואה שומימ םרט םייקתיש גג ריחמ אלל תורחמתהה ןונגנמ תא ךילהב/זרכמב לולכל הטילחה הדעווה ורשוא םהיתועצה רשא םיקפסה םע תורחמתה ךילה להנת י"חח ויפל ןונגנמל הנווכה( אבה ףיעסב ראותמכ ךילהה תושירד לכב ודמעו וקדבנ םהיתועצה רשא םיקפסה לכל /םיריחמה בלשל רבעמל ירוקמה ךילהב :זרכמה ךרועל הרעה 2.3.8 ו 2.3.7 םיפיעס יתת תא קוחמלו 2.2.2 ףיעס תת תא ריאשהל שי דבלב ןמזב הכראהב רבודמ רשאכ םיש"מחת רובע (a) In the event that the quantity is not fully exercised during the basic contract period (4 years) , it will be possible, with the consent of both parties, (IEC and the Supplier), to exercise the option and extend the contract in time for additional three years. (b) The quantity in the option period shall be the balance of the quantity that was not exercised within the basic contract period. (c) Should the parties disagree to exercise the option, the option will not be exercised and Bidding Process shall take place for the balance of the quantity, among the Suppliers' whose offers in the tender, were approved to continue to the pricing stage (including the Supplier/s awarded the tender/procedure). (d) IEC will enter into a contract for the option period (3 years) and the balance of the said quantity, with the Supplier who will submit the most beneficial offer to IEC within the framework of the Bidding Process. (e) Should IEC decide to divide the award of the original tender, among a few Suppliers and exercise the option only with a few of the Suppliers, IEC shall be entitled, with regard to the balance of the quantity for which the option will not be exercised, to increase the contracts with the Suppliers with whom the option was exercised or in part, or alternatively to have a Bidding Process for the balance of the said quantity,...
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Related to FLEXIBLE EXTENSION OF THE CONTRACT PERIOD

  • Term of Contract; Contract Extension The Contract will be in effect from the Effective Date (15 December 2016) through 31 December 2018. DAS, in its sole discretion, may extend this Contract for additional terms beyond the original term, prior to Termination or expiration, one or more times for a combined total period not to exceed the complete length of the original term.

  • 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.

  • Extension of Initial Contract Period 31.1 Subject to clause 13 (Price Adjustment on Extension of the Initial Contract 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, 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 any such extended period.

  • Extension of the Term At least two months prior to the third anniversary of the Effective Date, the Parties will evaluate the effectiveness of this Agreement and decide whether to extend the Term.

  • Time Extensions 2.03.1 If Contractor requests an extension of time to complete its performance, then the Director, in consultation with the CPO, may, in his or her sole discretion, extend the time so long as the extension does not exceed 90 days. The extension must be in writing but does not require amendment of this Agreement. Contractor is not entitled to damages for delay(s) regardless of the cause of the delay(s).