Common use of Work Commencement Clause in Contracts

Work Commencement. The Parties respective performances under this ▇▇▇▇▇ shall commence on the later of either the Effective Date or Month  ,  . This Grant shall terminate on Month Day, Year unless sooner terminated or further extended as specified elsewhere herein. Two Month Extension The State, at its sole discretion upon written notice to Grantee as provided in §16, may unilaterally extend the term of this Grant for a period not to exceed two months if the Parties are negotiating a replacement Grant (and not merely seeking a term extension) at or near the end of any initial term or any extension thereof. The provisions of this Grant in effect when such notice is given, including, but not limited to prices, rates, and delivery requirements, shall remain in effect during the two month extension. The two-month extension shall immediately terminate when and if a replacement Grant is approved and signed by the Colorado State Controller. State’s Option to Extend The State may require continued performance for a period of Insert number of years at the same rates and same terms specified in the Grant. If the State exercises this option, it shall provide written notice to Grantee at least 30 days prior to the end of the current Grant term in form substantially equivalent to Exhibit Insert letter of applicable Exhibit (A, B, C, etc). If exercised, the provisions of the Option Letter shall become part of and be incorporated into this Grant. The total duration of this Grant, including the exercise of any options under this clause, shall not exceed Insert number of years.” STATEMENT OF WORK Completion Grantee shall complete the Work and its other obligations as described herein and in Exhibit Insert letter of applicable Exhibit (A, B, C, etc) on or before Month Day, Year. The State shall not be liable to compensate Grantee for any Work performed prior to the Effective Date or after the termination of this Grant. Goods and Services Grantee shall procure Goods and Services necessary to complete the Work. Such procurement shall be accomplished using the Grant Funds and shall not increase the maximum amount payable hereunder by the State.