Common use of Voluntary Extension Clause in Contracts

Voluntary Extension. At Agency’s discretion, but subject to Contractor’s consent, this Agreement may be extended without amendment for a period of no less than one (1) and no more than five (5) additional years for a total Term that does not 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 150 151 3.01 152 153 154 155 156 157 158 159 160 161 162 163 164 3.02 165 166 167 168 169 170 171 172 173 174 175 176 177 178 179 180 181 182 183 184 3.03 185 186 187 188 189 190 191 192 Agency and SBWMA on or before January 31, 2033 whether it consents to the 193 extension.

Voluntary Extension. At Agency’s discretion, but subject to Contractor’s consent, this Agreement may be extended without amendment for a period of no less than one one (1) and no more than five (5) additional years for a total Term that does not 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 147 148 3.01 149 150 151 3.01 152 153 154 155 156 157 158 159 160 161 3.02 162 163 164 3.02 165 166 167 168 169 170 171 172 173 174 175 176 177 178 179 180 181 3.03 182 183 184 3.03 185 186 187 188 189 190 191 192 Agency and SBWMA on or before January 31, 2033 whether it consents to the 193 190 extension.