Common use of Voluntary Extension Clause in Contracts

Voluntary Extension. At Agency’s discretion, but subject to Contractor’s consent, 189 this Agreement may be extended without amendment for a period of no less than 190 one (1) and no more than five (5) additional years for a total Term that does not 191 192 193 194 195 196 197 198 199 200 201 202 203 204 205 206 207 208 209 210 211 212 213 214 215 217 1. 218 219 2. 220 221 222 3. 216 223 224 225 226 227 exceed thirty (30) years or extend beyond December 31, 2040. If Agency desires to extend the Agreement, Agency shall provide the Contractor with written notice of its intention to extend the Agreement on or before December 31, 2032. Such notice by Agency shall specify the duration of the extension. Contractor shall provide written notice to Agency and SBWMA on or before January 31, 2033 whether it consents to the extension.

Voluntary Extension. At Agency’s discretion, but subject to Contractor’s consent, 189 this Agreement may be extended without amendment for a period of no less than 190 one (1) and no more than five (5) additional years for a total Term that does not 191 192 193 194 195 196 197 198 199 200 201 202 203 204 205 206 207 208 209 210 211 212 213 214 215 217 1. 218 219 2. 220 221 222 3. 216 223 224 225 226 227 exceed thirty (30) years or extend beyond December 31, 2040. If Agency desires to extend the Agreement, Agency shall provide the Contractor with written notice of its intention 149 150 3.01 151 152 153 154 155 156 157 158 159 160 161 162 163 3.02 164 165 166 167 168 169 170 171 172 173 174 175 176 177 178 179 180 181 182 183 3.03 184 185 186 187 188 189 to extend the Agreement on or before December 31, 2032. Such notice by Agency 190 shall specify the duration of the extension. Contractor shall provide written notice to 191 Agency and SBWMA on or before January 31, 2033 whether it consents to the 192 extension.