Common use of Term and Option to Extend Clause in Contracts

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. ‌ 771 The Term of this Agreement shall commence July 1, 2018 2025 (Commencement Date) and continue in full force for a 772 period of eleven four (114) years, through and including June 30, 2029, unless the Agreement is extended in accordance with 773 this Section or terminated pursuant to Article 11. Between the Effective Date and Commencement Date, Contractor 774 shall perform all activities necessary to prepare itself to provide Services required by this Agreement on the 775 Commencement Date. 776 At the City’s sole discretion, the Term of this Agreement may be extended, for up to sixty (60) months after June 30, 777 2029 (i.e., until June 30, 2034), in one or more periods specified by the City. Such extensions shall be conditioned 778 upon the Contractor’s achievement of the two (2) performance standards defined in Section 4.2, each of which may be 779 waived by the City, City in its sole discretion. If the City elects to exercise this option to extend the TermTerm of this Agreement, 780 it shall give written notice of its election to the Contractor, specifying the number of months by which it wishes to extend the Term, Contractor one hundred eighty (180) Days prior to the then existing 781 expiration date then existing under this Agreementspecifying the number of months by which the City wishes to extend the Term. 782 The City has no obligation to renegotiate, renew, or extend the rights granted to Contractor beyond the initial eleven-four- 783 year (114-year) Term of the Agreement.