Common use of Nature of Option and Calculation of Option Prices Clause in Contracts

Nature of Option and Calculation of Option Prices. The option(s) provided under this Contract are the unilateral right of the GGBHTD to obtain paratransit services through the MCTD for the option year(s) at the rate for that option year(s) set forth in Attachment B. The MCTD acknowledges and agrees that it is contractually obligated, upon exercise of the option by the GGBHTD, to arrange for the provision of the services described hereunder at the fees and rates established for the applicable option year(s). 15633

Nature of Option and Calculation of Option Prices. The option(s) provided under this Contract Agreement are the unilateral right of the GGBHTD to obtain paratransit services through the MCTD for the option year(s) at the rate for that option year(s) set forth in Attachment B. A. The MCTD acknowledges and agrees that it is contractually obligated, upon exercise of the option by the GGBHTD, to arrange for the provision of the services described hereunder at the fees and rates established for the applicable option year(s). 15633.