Common use of TERM AND RIGHT OF EXTENSION Clause in Contracts

TERM AND RIGHT OF EXTENSION. 18 1.1. This Agreement shall commence on June 26, 2024 (services shall begin July 1, 2024) and 19 shall continue until June 30, 2029, and if all two (2) one (1) year extension option periods 20 are exercised pursuant to paragraph 1.2 herein, the Agreement shall continue until June 21 30, 2031. 22 1.2. ICTC may, at its sole option and discretion, extend this Agreement up to two (2) times as 23 follows: 24 1.2.1. From July 1, 2029 through June 30, 2030; and 25 1. 2.2. From July 1, 2030 through June 30, 2031; and 26 1.3. This Agreement is contingent upon the receipt of funds by the ICTC. Such funds include 27 Federal Transit Administration (FTA) Section 5307, 5310, and 5311 Grants, Local 28 1 Transportation Funds (LTF), State Transportation Assistance Funds (STAF) and Local 2 Transportation Authority (LTA). 4 2. DEFINITIONS 6 2024” dated March 2024 and is incorporated herein by this reference. 10 this reference.

TERM AND RIGHT OF EXTENSION. 18 1.1. This Agreement shall commence on June 26, 2024 (services shall begin July 1, 2024) and 19 shall continue until June 30, 2029, and if all two (2) one (1) year extension option periods 20 are exercised pursuant to paragraph 1.2 herein, the Agreement shall continue until June 21 30, 2031. 22 1.2. ICTC may, at its sole option and discretion, extend this Agreement up to two (2) times as 23 follows: 24 1.2.1. From July 1, 2029 through June 30, 2030; and 25 1. 2.2. From July 1, 2030 through June 30, 2031; and 26 1.3. This Agreement is contingent upon the receipt of funds by the ICTC. Such funds include 27 Federal Transit Administration (FTA) Section 5307, 5310, 5311 and 5311 5307 Grants, Local 28 1 Transportation Funds Development Act (LTF), TDA) and State Transportation Assistance Funds 2 (STAF) and Local 2 Transportation Authority (LTA). 4 2. DEFINITIONS 6 2024” dated March 2024 incorporated herein by this reference. 9 submitted to ICTC on the proposal due date and is incorporated herein by this reference. 10 this reference.

TERM AND RIGHT OF EXTENSION. 18 1.1. This Agreement shall commence on June 26July 1, 2024 (services shall begin July 1, 2024) and 19 shall continue until June 30, 2029, and if all two (2) one (1) year extension option periods 20 are exercised pursuant to paragraph 1.2 herein, the Agreement shall continue until June 21 30, 2031. 22 1.2. ICTC may, at its sole option and discretion, extend this Agreement up to two (2) times as 23 follows: 24 1.2.1. From July 1, 2029 through June 30, 2030; and 25 1. 2.2. From July 1, 2030 through June 30, 2031; and 26 1.3. This Agreement is contingent upon the receipt of funds by the ICTC. Such funds include 27 Federal Transit Administration (FTA) Section 5307, 5310, and 5311 Grants, Local 28 1 Transportation Funds (LTF), State Transportation Assistance Funds (STAF) and Local 2 Transportation Authority (LTA). 4 2. DEFINITIONS 6 2024” dated March 2024 and is incorporated herein by this reference. 10 8 Paratransit Services Proposal” dated 2024, CONTRACTOR submitted to ICTC on 9 the proposal due date and is incorporated herein by this reference.