Common use of Optional Renewal Terms Clause in Contracts

Optional Renewal Terms. The parties may renew this Agreement for up to three (3) additional one (1) year optional renewal terms by mutual agreement in writing. The City must advise the Contractor at least nine (9) months from expiration of the initial term or a renewal term. If Contractor does not agree to the renewal within one (1) month of such notification, it will be assumed they do not agree. This provision in no way limits City’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.

Appears in 1 contract

Sources: Solid Waste and Recycling Services Agreement

Optional Renewal Terms. The parties may renew this Agreement for up to three (3) additional one (1) year optional renewal terms by mutual agreement in writing. The City must advise the Contractor at least nine (9) months from expiration of the initial term or a renewal term. If Contractor does not agree to the renewal within one (1) month of such notification, it will be assumed they do not agree. This provision in no way limits City’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.one

Appears in 1 contract

Sources: Solid Waste and Recycling Services Agreement