Common use of Year Extension Clause in Contracts

Year Extension. A billing audit and performance 570 review shall be conducted two years prior to the end of the Initial Term (i.e., during 2031, and to be completed 571 by December 31, 2031) as described in Section 17.02. The cost of the review shall be paid as specified in 572 that Section. In order to be eligible for an Extension of the Term of the Agreement under Section 2.02, 573 Contractor must meet billing and performance standards to the satisfaction of the City. In the event 574 Contractor fails to meet the minimum service and diversion requirements set forth in Section 8.01.1, this 575 Agreement will terminate on June 30, 2033 as set forth in Section 2.01 of this Agreement. 576 Article 3. Conditions Governing Services Provided by Contractor

Year Extension. A billing audit and performance 570 569 review shall be conducted two years prior to the end of the Initial Term (i.e., during 2031, and to be completed 571 570 by December 31, 2031) as described in Section 17.02. The cost of the review shall be paid as specified in 572 571 that Section. In order to be eligible for an Extension of the Term of the Agreement under Section 2.02, 573 572 Contractor must meet billing and performance standards to the satisfaction of the City. In the event 574 573 Contractor fails to meet the minimum service and diversion requirements set forth in Section 8.01.1, this 575 574 Agreement will terminate on June 30, 2033 as set forth in Section 2.01 of this Agreement. 576 575 Article 3. Conditions Governing Services Provided by Contractor