Common use of Optional Renewal Terms Clause in Contracts

Optional Renewal Terms. After the initial term as defined in Section 5 of this Agreement, Town shall have the option to renew this Agreement for one (1) additional three (3) years optional renewal term. Contractor may prohibit the Town from exercising an optional renewal term by providing written notice to the Town on or before eighteen (18) months preceding the scheduled date of expiration of the initial term or the then current optional renewal term of this Agreement. If the Contractor does not provide written notice to the Town on or before eighteen (18) months preceding the scheduled date of expiration of the initial term or the then current optional renewal term of this Agreement prohibiting the Town from exercising the optional renewal term, the Town may upon written notice to Contractor not later than sixty (60) calendar days preceding the scheduled date of expiration of the initial term or the then current optional renewal term of this Agreement of the Town’s intent to exercise the optional renewal term. This provision in no way limits the Town’s right to terminate this Agreement at any time during the initial term or any optional renewal term thereof pursuant to the provisions in this Agreement. SECTION 6: RESIDENTIAL SERVICES [MUNICIPAL SOLID WASTE SERVICES, BULK WASTE SERVICES, RECYCLING SERVICES, GREEN WASTE SERVICES, AND/OR HOUSEHOLD HAZARDOUS WASTE SERVICES] 6.1 Residential Services [Municipal Solid Waste Services, Bulk Waste Services, Recycling Services, Green Waste Services, and Household Hazardous Waste Services] for Residential Service Units

Optional Renewal Terms. After the initial term as defined in Section 5 of this Agreement, Town City shall have the option to renew this Agreement for up to three (3) additional one (1) additional three (3) years year optional renewal termterms. Contractor may prohibit the Town City from exercising an optional renewal term by providing written notice to the Town City on or before eighteen eleven (1811) months preceding the scheduled date of expiration of the initial term or the then current optional renewal term of this Agreement. If the Contractor does not provide written notice to the Town City on or before eighteen eleven (1811) months preceding the scheduled date of expiration of the initial term or the then current optional renewal term of this Agreement prohibiting the Town City from exercising the optional renewal term, the Town City may upon written notice to Contractor not later than sixty (60) calendar days preceding the scheduled date of expiration of the initial term or the then current optional renewal term of this Agreement of the TownCity’s intent to exercise the optional renewal term. This provision in no way limits the TownCity’s right to terminate this Agreement at any time during the initial term or any optional renewal term thereof pursuant to the provisions in this Agreement. SECTION 6: RESIDENTIAL SERVICES [MUNICIPAL SOLID WASTE SERVICES, BULK WASTE SERVICES, RECYCLING SERVICES, GREEN WASTE YARD TRIMMINGS SERVICES, AND/OR HOUSEHOLD HAZARDOUS WASTE SERVICES] 6.1 Residential Services [Municipal Solid Waste Services, Bulk Waste Services, Recycling Services, Green Waste Yard Trimmings Services, and Household Hazardous Waste Services] for Residential Service Units