Extension Option definition
Examples of Extension Option in a sentence
In the event that the Effective Date occurs during any previous extension of the Term due to the exercise by City of an Extension Option, then the current extension term is extended by the COVID Extension Term, and any further Extension Options shall remain in full force and effect.
The Performance Metrics, as amended from time to time, shall form the basis for establishing the Minimum Performance Level Metric and the Term Extension Option Criteria as provided in Appendix 13 hereto and Appendix 6 hereto, respectively.
If the Jurisdictions exercise the Extension Option during the Initial Term, this Agreement shall automatically be extended for the Renewal Term and, unless otherwise terminated in accordance with this Agreement, continue in effect beginning on October 1, 2025 and continuing until December 31, 2038 (the “Extended Term”) on the terms and conditions for such periods as provided for herein.
Year 1 $35,617.19 Extension Option 1 To be provided by January 1, 2019 Extension Option 2 To be provided by January 1, 2020 This Contract (including any Exhibits and referenced Documents) constitutes the entire agreement of the parties regarding the subject matter of this Contract and supersedes all prior and contemporaneous agreements and understandings, whether written or oral, relating to such subject matter.