Renewal of the Contract Sample Clauses

Renewal of the Contract. If upon the expiration of the term initially agreed the parties have not stated in writing with minimum thirty (30) calendar days in advance about the intention to end it, the contract will be extended for a term equal to that initially agreed. The rent payment will be readjusted every 12 months of execution of the contract under the same price, as a minimum in a percentage equal or equivalent to the consumer price index certified by DANE for the year immediately previous to the expiration of any annual period over the rent payment in effect. This process will be done during the first two years of operation of the contract. When LESSEES have acquired to the right to renewal in compliance with the provisions of the code of commerce, this will be the process to follow: LESSOR will notify in writing to LESSEES, before the expiration of the last period, about the new conditions regarding term and price in which he is willing to make the contract relationship. LESSEES shall state LESSOR before the expiration of the contract, through written communication, the acceptance or rejection of the new conditions. Silence will be understood as rejection. In both cases, rejection or silence, the verbal process for regulation of the rent payment foreseen in the code of commerce and in the code of civil procedure will be taken into account. For the effects of discussing and agree the conditions regarding the renewal of the contract, it will be understood that each of the co-lessees represents the others before LESSOR. FOURTEENTH: ALIENATION OF THE ESTABLISHMENT OF COMMERCE. The contracting parts agree that in case of alienation of the establishment of commerce, it will not be understood that in such negotiation is included the lease contract. In case of alienation of the commerce establishment that operates in such property, the acquirer shall state to LESSOR in writing the intention to continue in the property and this latter will decide about the acceptance or not of the new lessees. In this case the parties can really agree the new conditions of the contract.
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Renewal of the Contract. Clause 10. The employment contract of the employee may be renewed for a year to come on condition that the employee's previous performance is not less than 70%, which is evaluated annually; the evaluation criteria and form are arranged by the original affiliation.
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Renewal of the Contract. Upon its expiration, the Contract may be renewed upon agreement by and between the parties hereto.
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Renewal of the Contract. (I) Upon the expiration of the term of this Contract, the Parties may renew the Contract after negotiation.
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Renewal of the Contract. 1. The Term of Employment stated in Article 5 hereof may be renewed, in one-year contract terms only, by the mutual written agreement of the Employer and the Employee.
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Renewal of the Contract 
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Related to Renewal of the Contract

  • Renewal of Agreement This agreement does not automatically renew, and residence in UCF DHRL residence facilities during one agreement period does not guarantee that residence accommodations will be offered to the Student for any following periods. The Student is solely responsible for the timely completion of housing agreements for future periods. UCF DHRL housing agreements shall not be re-offered to residents who are unwilling to adhere to the basic elements of good housekeeping, and community living. UCF DHRL housing agreements shall not be re-offered to residents who disregard or violate rules, regulations, or policies established for governing UCF DHRL residential facilities. Finally, housing agreements shall not be re-offered to residents who have outstanding charges from UCF DHRL.

  • Renewal of Contract If a Board representative does not inform the Superintendent in writing on or before the seventh day after the regular December board meeting of the Board’s intention to consider the nonrenewal or amendment of this contract, the contract will automatically renew for a period of one year from and after the expiration date provided in Section 1 of this contract. The Superintendent shall remind the Board in writing of this provision no later than its regular November meeting of each year of this contract and shall make the renewal of his employment contract an agenda item for the regular December board meeting during each year of this contract. At the time of each contract renewal and/or amendment, the Superintendent shall be responsible for taking all necessary steps to insure that the district has complied with the Superintendent Pay Transparency Act.

  • Renewal of Agreements The Agreement with TIPS is for one (1) year with an option for renewal for additional consecutive years as provided in the solicitation. Total term of Agreement can be up to the number of years provided in the solicitation, if sales are reported through the Agreement and both parties agree. Automatic Renewal Clauses Incorporated in Awarded Vendor Agreements with TIPS Members Resulting from the Solicitation and with the Vendor Named in this Agreement. No Agreement for goods or services with a TIPS member by the awarded vendor named in this Agreement that results from the solicitation award named in this Agreement, may incorporate an automatic renewal clause with which the TIPS member must comply. All renewal terms incorporated in an Agreement by the vendor with the TIPS member shall only be valid and enforceable when the vendor receives written confirmation by purchase order or executed Agreement issued by the TIPS member for any renewal period. The purpose of this clause is to avoid a TIPS member inadvertently renewing an Agreement during a period in which the governing body of the TIPS member has not properly appropriated and budgeted the funds to satisfy the Agreement renewal. This term is not negotiable and any Agreement between a TIPS member and a TIPS awarded vendor with an automatic renewal clause that conflicts with these terms is rendered void and unenforceable.

  • Term of the Contract A. This Contract has an initial term of one (1) year and a bilateral option provision for three (3) additional terms. The total term of the Contract cannot exceed four (4) years. An extension may be offered beyond the original four-year term if Sourcewell deems such action to be in the best interests of Sourcewell and its Members. The Contractor may withdraw from the Contract on each anniversary of the award, provided that the Contractor gives 60 Days written notice of its intent to withdraw. Sourcewell may, for any reason, terminate this Contract at any time.

  • Non-Renewal of Agreement (i) If the Company gives a Non-Renewal Notice to the Executive, the Employment Term and the Executive’s employment hereunder shall terminate as of the expiration of the Initial Term or then-current Renewal Term, as applicable, and the Company shall provide the Executive with all of the payments and benefits set forth in Section 4(c) hereof, subject to his execution and non-revocation of the Release by the Release Effective Date.

  • Duration of the contract This contract becomes effective on , and will continue in effect for 365 days from the above date. Either party may terminate treatment with reasonable notice to the other party, as provided in the agreement. Notwithstanding this right to terminate treatment, both Provider and Beneficiary agree that the obligation not to pursue Medicare reimbursement for items and services provided under this contract will survive this contract.

  • Control of the Contract F1 Transfer and Sub-Contracting

  • Termination of the Contract 11.1. The Coordinator may terminate the contract if the Co-beneficiary has inadequately discharged or failed to discharge any of the contractual obligations, insofar as this is not due to force majeure, after notification of the Co-beneficiary by registered letter has remained without effect for one month.

  • SCOPE OF THE CONTRACT 4.1 The Contractor shall perform the Services set out [in Schedule 1] [below2] in accordance with the Contract.

  • OPTION TO EXTEND THE TERM OF THE CONTRACT (MAR 2000)

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