Common use of The Contract Period Clause in Contracts

The Contract Period. 4.1 The period of the contract between the Client and the Supplier will be for 24 months (hereinafter: "the Contract Period"). 4.2 The start of the Contract Period will be the date that the first Framework Supplier in the relevant Service Package has signed the Agreement with the Company and entered the Framework Supplier Repository. It will be clarified that if the Supplier will sign this Agreement with the Client, on a date later than the First Supplier as stated, the Contract Period with the Supplier will begin on the date of the Contract Period with the First Supplier as stated, and not on the date of the signing of this Agreement. 4.3 The Client is given the option, at his sole discretion, to extend by written notice, the Contract Period as per the Agreement, up to 3 additional periods of 12 months each (hereinafter: "The Extension Period"), thus the total contract will not last more than a total of 60 months. It will be clarified that the Client will be entitled as his sole discretion, and without having to give a reason for his decision, to extend the Contract Period with only some of the Framework Suppliers while concerning some the Contract Period will not be extended, and the Supplier waives a priori any claim and/or demand and/or suit in this matter. 4.4 The Client is given the possibility, at its sole discretion, to conclude the Contract Period by a notification that will be given 30 days a priori, and this without derogating from any other provisions in this Agreement, or the Executional Task Contractual Agreement, or both. 4.5 A Supplier that has signed this Framework Agreement concerning Service Package 1, or Service Package 2, or Service Package 3, or all of the above, undertakes that the Accessories and AIO systems, as appropriate and as offered in its proposal, will be available for supply for at least five (5) from the date of this Agreement's signing. 4.6 Subsequent to the Client commissioning the Supplier, in the framework of the Contract Period and according to this Agreement, in the implementation of the executional task, the provisions of this Agreement will continue to apply concerning the execution of the said task until its completion, including its delivery and inspection period, even if in the interim, the Contract Period or Extension Period, or both, have concluded as per this Agreement. Upon conclusion of the Contract Period, including the Extension Period, the Client will not be entitled to turn to the Framework Supplier for the execution of new executional tasks; however, implementation of executional tasks conveyed to the Framework Supplier within the Contract Period and/or the Extension will conclude as per to their determined timetable, and this is also if the conclusion of the execution of the same executional tasks falls after the Contract Period and/or the Extension. Nothing in the prejudices as mentioned above the rights of the Client as per this Agreement relative to any executional task, including his right to canceling the said contract.

The Contract Period. 4.1 The period of the contract between the Client and the Supplier will be for 24 18 months (hereinafter: "Period of the Contract PeriodContract"). 4.2 The start of the Contract Period period of the contract will be the date that the first Framework Supplier in the relevant Service Package has signed the Agreement with the Company and and, in doing so, entered the Framework Supplier Repository. It will be clarified that if the Supplier will sign this Agreement with the Client, on a date later than the First Supplier as stated, the Period of the Contract Period with the Supplier will begin on the date of the Period of the Contract Period with the First Supplier as stated, and not on the date of the signing of this Agreement. 4.3 The Client is given the option, at his sole discretion, to extend by written notice, the Period of the Contract Period as per the Agreement, up to 3 by three additional periods of 12 months each (hereinafter: "The Extension Period"), thus the total contract will not last more than a total of 60 months. It will be clarified that the Client will be entitled as his sole discretion, and without having to give a reason for his its decision, to extend the Period of the Contract Period with only some of the Framework Suppliers while concerning some the Period of the Contract Period will not be extended, and the Supplier waives a priori any claim and/or demand and/or suit in this matter. 4.4 The Client is given the possibility, at its his sole discretion, to conclude the Period of the Contract Period by a notification that will be given 30 45 days a prioripriori with the Framework Suppliers, in part or in whole thereof - at its sole discretion, and this without derogating from any other provisions in this Agreement and/or the Standard Suppliers Agreement, or the Executional Task Contractual Agreement, or both. 4.5 A Supplier that has signed this Framework Agreement concerning Service Package 1, or Service Package 2, or Service Package 3, or all of the above, undertakes that the Accessories and AIO systems, as appropriate and as offered in its proposal, will be available for supply for at least five (5) from the date of this Agreement's signing. 4.6 Subsequent to the Client commissioning the Supplier, in the framework of the Contract Period and according to this Agreement, in the implementation of the executional task, the provisions of this Agreement will continue to apply concerning the execution of the said task mission until its completion, completion (to the extent required) including its delivery and inspection period, even if in the interim, the Contract Period or Extension Period, or both, have concluded as per this Agreement. Upon conclusion of the Contract Period, including the Extension Period, the Client will not be entitled to turn to the Framework Supplier for the execution of new executional tasks; however, implementation of executional tasks conveyed to the Framework Supplier within the Contract Period and/or the Extension will conclude as per to their determined timetable, and this is also if the conclusion of the execution of the same executional tasks falls after the Contract Period and/or the Extension. Nothing in the prejudices as mentioned above the rights of the Client as per this Agreement relative to any executional taskmission, including his its right to canceling the said contract.