Contract Extension Option definition

Contract Extension Option means an option of a Customer to extend the term of a Contract for one or more additional time periods.
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Contract Extension Option means an option of the ASC to extend a Contract for one or more additional time periods.
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Examples of Contract Extension Option in a sentence

  • Contract Extension Option: This contract may be extended for the number of option years listed above.

  • Contract Extension Option This section should only be included where option one in the Contract Term section was chosen.

  • Contract Extension Option: Only include extension options if desired and only if Option 1, above, is chosen.

  • If the Contract Extension Option is agreed to, unit costs will be adjusted on the anniversary date of the Contract for the extension period.

  • Contract Extension Option: The contract extension option must be subscribed to during the last twelve months of a Plexar-II term contract.

  • At the conclusion of the fixed term for any contract, renewal procedures will be determined based on the number of stations currently in service within any serving central office.Plexar-II customers can renew the service at terms, conditions and rates that exist at the time of renewal, by subscribing to a Fixed Monthly Rate Plan, changing to Month-to-Month rates for all rate elements (standard and optional), or subscribing to the Contract Extension Option.

  • We asked Mr Duma on what basis he had decided to appoint Ms Matjila if she had not been interviewed and there was no recommendation from an interview panel.

  • Resolution #5228 – Resolution Authorizing the Chief Executive Officer of the Cincinnati Metropolitan Housing Authority to Sign the First One-Year Contract Extension Option for Contract 2018-3009-01 Public Housing Conversion Consultant with 2rw Consultants, Inc.; CSG Advisors Incorporated; CVR Associates, Inc.; Dominion Environmental Group, Inc.

  • On motion by Trustee Sperber, seconded by Trustee Farahi, which motion was duly carried by unanimous votes, the Board approved Agenda Item #18(08)-50 as follows: Authorized the President/CEO to Exercise the First Two-Year Contract Extension Option to the Professional Services Agreement for General Banking Services, with Wells Fargo Bank, N.A., in the Amount of Approximately $51,000.

  • At the conclusion of the fixed term for any contract, renewal procedures will be determined as follows.Customers can renew the service at terms, conditions and rates that exist at the time of renewal, change to Month-to-Month rates for all rate elements (standard and optional), or subscribe to the Contract Extension Option.

Related to Contract Extension Option

  • First Extension Option shall have the meaning set forth in Section 2.6.1 hereof.

  • Second Extension Option shall have the meaning set forth in Section 2.6.1 hereof.

  • Extension Option shall have the meaning set forth in Section 2.5(c) hereof.

  • Renewal Option has the meaning set forth in §12.1.

  • Non-Extension Notice has the meaning specified in Section 2.10.

  • Option to Extend has the meaning given that term in Section 2.13.

  • Termination Option means the option of either party to terminate a transaction in the event that the other party fails to perform a Firm obligation to deliver Gas in the case of Seller or to receive Gas in the case of Buyer for a designated number of days during a period as specified on the applicable Transaction Confirmation.

  • Non-Extension Notice Date has the meaning specified in Section 2.03(b)(iii).

  • Second Extension Period means the period commencing on the day following the First Extended Scheduled Maturity Date and ending on the Second Extended Scheduled Maturity Date.

  • Minimum Extension Condition has the meaning assigned to such term in Section 2.23(b).

  • First Extension Period means a period of twelve (12) consecutive months following the Initial Maturity Date.

  • Extension Term means the time period defined in §2.C.

  • Non-Extension Drawing has the meaning specified in Section 3.5(d).

  • Extended Term shall have the meaning given such term in Section 2.4.

  • Extension Notice has the meaning specified in Section 308.

  • REO Extension As defined in Section 3.16(a).

  • Non-Renewal Notice shall have the meaning set forth in Section 2.

  • Termination Option Event means an event of a kind defined as such in Section 4.1, 4.2 or 4.8.

  • Option Notice has the meaning set forth in Section 5.2(a).

  • Repudiation/Moratorium Extension Notice means a notice from the Calculation Agent to the Issuer (which the Calculation Agent has the right but not the obligation to deliver) that describes a Potential Repudiation/Moratorium that occurred on or prior to the Scheduled Maturity Date. A Repudiation/Moratorium Extension Notice must contain a description in reasonable detail of the facts relevant to the determination that a Potential Repudiation/Moratorium has occurred and indicate the date of the occurrence. The Potential Repudiation/Moratorium that is the subject of the Repudiation/Moratorium Extension Notice need not be continuing on the date the Repudiation/Moratorium Extension Notice is effective.

  • Non-Extension Advance means an Advance made pursuant to Section 2.02(b).

  • Extended Terms shall have the meaning given such term in Section 2.4.

  • Resolution Extension Period As defined in Section 2.03(b).

  • Option Term means a period, if any, through which this Agreement may be or has been extended by the JBE.

  • Auto-Extension Letter of Credit has the meaning specified in Section 2.03(b)(iii).

  • Notice of Extension has the meaning specified in Section 2.20.