Term and Option to Extend Sample Clauses

Term and Option to Extend. The term of this Contract begins on the contract date and ends upon the expiration of this Contract, as indicated on the cover of this Contract. County may extend the term at its sole option one or more times, for a total period no greater than 3 years, upon provision of written notice to Contractor no less than 90 days prior to the expiration of the then-current term. For example, the County could extend the term for:

Term and Option to Extend. The Term of this Agreement shall commence April 1, 2023 (Commencement Date) and continue in full force for a period of ten (10) years, through and including April 30, 2033, unless the Agreement is extended in accordance with this Section or terminated pursuant to Section 10.2. At City’s sole discretion, this Agreement may be extended one (1) time without amendment for a period of up to five (5) years. If City desires to extend the Agreement, City shall provide the Contractor with written notice of its decision to extend the Agreement at least one (1) year before the expiration of the initial Term. Such notice by City shall specify the duration of the extension. Between the Effective Date and Commencement Date, Contractor shall perform all activities necessary to prepare itself to start providing services required by this Agreement on the Commencement Date.

Term and Option to Extend. The Lease term shall be seven (7) years following the Commencement Date (the “Term”). Notwithstanding the previous sentence, the Term will always terminate on the last day of the eighty-fourth (84th) full calendar month following the Commencement Date. Lessee shall have one (1) option to extend the Term for five (5) years, pursuant to Rider No. One attached hereto.

Term and Option to Extend. A. Commencement Date and Term. Subject to the "Condition Precedent Regarding Environmental Law Compliance" set forth below, the term of this Agreement shall commence on the first day of the first month following ▇▇▇▇'s notice to the Licensor that MERA has obtained all approvals necessary for MERA to be legally entitled to construct a facility for providing a public safety and emergency radio system (the "Commencement Date") and continue for a period of five (5) years, except in the case that such approvals are not obtained within five (5) years from the date of approval of this Agreement then this Agreement shall automatically terminate and be deemed null and void. MERA shall be permitted to occupy the License Space and commence construction of the MERA facilities upon receipt of all such approvals. Prior to receipt of all such approvals, and following full execution of this Agreement, MERA shall have the right to enter the License Space for the purpose of making appropriate engineering and surveys, inspections, soil test borings and other reasonable necessary tests.

Term and Option to Extend. The Term of this Agreement shall commence July 1, 2018 (Commencement Date) and continue in full force for a period of eleven (11) years, through and including June 30, 2029, unless the Agreement is extended in accordance with this Section or terminated pursuant to Article 11. Between the Effective Date and Commencement Date, Contractor shall perform all activities necessary to prepare itself to provide Services required by this Agreement on the Commencement Date. At the City’s sole discretion, the Term of this Agreement may be extended, for up to sixty (60) months after June 30, 2029 (i.e., until June 30, 2034), in one or more periods specified by the City. Such extensions shall be conditioned upon the Contractor’s achievement of the two (2) performance standards defined in Section 4.2, each of which may be waived by the City, in its sole discretion. If the City elects to exercise this option to extend the Term, it shall give written notice of its election to the Contractor, specifying the number of months by which it wishes to extend the Term, one hundred eighty (180) Days prior to the expiration date then existing under this Agreement. The City has no obligation to renegotiate, renew, or extend the rights granted to Contractor beyond the initial eleven-year (11-year) Term of the Agreement.

Term and Option to Extend. 961 The Term of this Agreement shall commence March 1, 2015 (Commencement Date) and continue in full 962 force for a period of ten (10) years, through and including February 28, 2025, unless the Agreement is 963 extended in accordance with this Section or terminated pursuant to Article 14.Between the Effective 964 Date and Commencement Date, Contractor shall perform all activities necessary to prepare itself to start 965 providing services required by this Agreement on the Commencement Date. 966 At the CCCSWA’s sole discretion, the Term of this Agreement may be extended, for up to twenty‐four 967 (24) months after February 28, 2025 (i.e., until February 28, 2027), in one or more periods specified by 968 the CCCSWA. Such extensions shall be conditioned upon the Contractor’s achievement of the two 969 performance standards defined in Section 4.2, each of which may be waived by the CCCSWA, in its sole 970 discretion. If the CCCSWA elects to exercise this option to extend the Term, it shall give written notice 971 of its election to the Contractor, specifying the number of months by which it wishes to extend the 972 Term, one hundred eighty (180) Days prior to the expiration date then existing under this Agreement. 973 Prior to extending the Term, the Parties shall meet and confer to discuss depreciation of Collection 974 vehicle and Containers in service and future acquisition needs and related costs, if any. The Parties shall 975 agree on how depreciation and interest expenses shall be treated during the extension period. Parties 976 shall analyze whether, and if so, how much the depreciation and interest expenses may be reduced for 977 equipment that is fully depreciated and how to address depreciation and interest expense of any 978 equipment that will need to be purchased during the extension period under consideration. The 979 CCCSWA Executive Director shall make the final determination in the event any disputes arise regarding 980 depreciation and interest expenses during the extension period. 981 The CCCSWA has no obligation to renegotiate, renew, or extend the rights granted to Contractor beyond 982 the initial ten‐year (10‐year) Term of the Agreement. 983 4.2 Extension Conditions 984 Any extension to the Term of the Agreement is conditional upon Contractor meeting the following two 985 requirements, each or either of which may be waived by the CCCSWA:

Term and Option to Extend. ‌ 135 The Term of this Agreement shall commence September 6, 2017 (Commencement Date) and continue in 136 full force for a period of ten (10) years, through and including September 4, 2027, unless the Agreement 137 is extended in accordance with this Section or terminated pursuant to Section 10.2. 138 The Term of this Agreement shall only be extended with the prior consent of both Parties. Should the 139 Parties choose to extend this Agreement, both Parties shall meet and confer no later than one (1) year 140 prior to the expiration of this Agreement to determine and specify the duration and terms of such 141 extension. Between the Effective Date and Commencement Date, Contractor shall perform all activities 142 necessary to prepare itself to start providing services required by this Agreement on the 143 Commencement Date. 144 Notwithstanding the above, City may at its sole discretion and with a six (6) month notice, require 145 Contractor to enter into a one (1) year extension of the Agreement without changes to its material 146 provisions.

Term and Option to Extend. This Agreement is effective as of the date fully executed, but the term of the rental of the Equipment shall not begin until the Installation Date. RENTER will rent the equipment for a term of 9 Month commencing on the Installation Date (“Initial Term”). The Installation Date will be the date that: (1) the Equipment is installed at RENTEE's premises, (2) is capable of producing diagnostic images to the reasonable satisfaction of RENTEE, and (3) the Parties have received all necessary permits, labels, certifications, and insignias (collectively, “Permits”) from the California Department of Housing and Community Development (“HCD”) and U.S. Department of Housing and Urban Development (“HUD”) (where legally required for the operation of the Equipment in California). For the avoidance of doubt, the Installation Date is to be determined based on the completion of all of the above conditions’ precedent (1-3). However, RENTER will deliver the Equipment to the above location no later than February 17, 2024, unless RENTEE provides prior advanced notice within two weeks of February 17, 2024 of any delays for construction. The Parties will work together to secure all necessary Permits, but RENTER shall solely bear the costs for securing, obtaining, and maintaining all such Permits for the Equipment. If, however, the Parties are unable to secure all necessary Permits within four months of the date the Equipment is delivered to RENTEE, RENTEE has the option to terminate this Agreement upon 21 (twenty-one) days written notice to RENTER. In the event of termination related to Permits, RENTER will remove the Equipment from RENTEE’s premises within a reasonable time thereafter and RENTEE will have no liability for any payments under this Agreement, except RENTEE will pay for the transport fee for the Equipment to return back to RENTER’s NJ headquarters. RENTEE has the option of extending the Initial Term of this Agreement by providing RENTER advanced written notice through RENTEE’S ARMC Chief Executive Officer, which must be made thirty (30) days prior to the end of Initial Term. In the event of such notice, the Term of this Agreement will continue on a month-to-month basis, not to exceed a total of three (3) additional months (“Extended Term”). RENTEE may terminate this Agreement during the Extended Term upon thirty (30) days advance written notice to RENTER. RENTEE’s Rental Fee will not change for the Extended Term and remain at $23,500.00 per month. RENTEE will be respo...

Term and Option to Extend. 135 The Term of this Agreement shall commence September 6, 2017 and continue in full force for a period of 136 approximately fifteen (15) years, through and including August 31, 2032, unless this Agreement is 137 extended in accordance with this Section or terminated pursuant to Section 10.2. Notwithstanding the 138 foregoing, in the event that the commencement of services hereunder is delayed beyond September 6, 139 2017 as the result of any Legal Challenge described in Section 2.2E below, the Term of this Agreement 140 shall commence on the earliest feasible date after such Legal Challenge has been resolved (but not sooner 141 than nine (9) months after Contractor orders the equipment necessary to provide the services hereunder) 142 and continue in full force for a period of fifteen (15) years, unless this Agreement is extended in 143 accordance with this Section or terminated pursuant to Section 10.2. The date that the Term of this 144 Agreement commences in accordance with this Section 2.1 is referred to as the “Commencement Date.” 145 The Term of this Agreement shall only be extended with the prior consent of both Parties. Should the 146 Parties choose to extend this Agreement, both Parties shall meet and confer no later than one (1) year 147 prior to the expiration of this Agreement to determine and specify the duration and terms of such 148 extension. Between the Effective Date and Commencement Date, Contractor shall perform all activities 149 necessary to prepare itself to start providing services required by this Agreement on the Commencement 150 Date. 151 Notwithstanding the above, City may at its sole discretion and with a six (6) month notice, require City of Milpitas/Milpitas Sanitation, Inc. 152 Contractor to enter into a one (1) year extension of the Agreement without changes to its material 153 provisions.