Common use of TERM OF AGREEMENT; TIME FOR PERFORMANCE Clause in Contracts

TERM OF AGREEMENT; TIME FOR PERFORMANCE. 7.1 The initial contract term shall commence upon final execution of the contract by the City and shall expire TWO (2) years from that date. The City reserves the right to extend the contract for THREE (3) additional ONE (1) Year terms providing all terms conditions and specifications remain the same, both parties agree to the extension, and such extension is approved by the City. In the event services are scheduled to end because of the expiration of this contract, the CONSULTANT shall continue the service upon the request of the City as authorized by the awarding authority. The CONSULTANT shall be compensated for the service at the rate in effect when this extension clause is invoked by the City.

Appears in 3 contracts

Samples: Agreement, Agreement, Agreement

AutoNDA by SimpleDocs

TERM OF AGREEMENT; TIME FOR PERFORMANCE. 7.1 The initial contract term shall commence upon final execution of the contract by the City and shall expire TWO (2) years from that date. The City reserves the right to extend the contract for THREE (3) additional ONE (1) Year terms providing all terms conditions and specifications remain the same, both parties agree to the extension, and such extension is approved by the City. In the event services are scheduled to end because of the expiration of this contract, the CONSULTANT Contractor shall continue the service upon the request of the City as authorized by the awarding authority. The CONSULTANT Contractor shall be compensated for the service at the rate in effect when this extension clause is invoked by the City.

Appears in 2 contracts

Samples: Agreement, Agreement

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.