Contract Term Extension definition

Contract Term Extension means an extension of the term of this contract, at the request of Purchaser, under this Subsection. This Subsection does not obligate Contracting Officer to grant Contract Term Extension. When such extension is made, Forest Service shall make an appraisal using standard Forest Service methods and appraisal data in effect 45 days prior to the original Termination Date. Bid Premium Rates shall be added to such appraised rates to establish Flat Rates or Tentative Rates for the extension period. In event rates so established would develop Current Contract Value immediately prior to such an extension that is less than Current Contract Value at that time, Flat Rates and Tentative Rates in effect immediately prior to extension shall be retained for the extension period. In consideration for granting an extension, Purchaser shall pay the Government for Purchaser’s failure to cut and remove timber meeting Utilization Standards prior to Contract Term Extension, an amount that shall be the total of the costs to the Government resulting from the delay in harvest of Included Timber. Such costs will be determined by Forest Service and shall include, but not be limited to, the following:
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Contract Term Extension means an extension of the term of this contract, at the request of Contractor, under this Subsection. This Subsection does not obligate Contracting Officer to grant Contract Term Extension. An extension can only be granted when Contracting Officer has determined that Contractor has diligently performed under the terms of this contract and when such extension is determined to be in the best in- terest of Forest Service. Contracting Officer may not grant Contractor’s written request for Contract Term Extension, unless Contractor’s Operations to date have been in reasonable compliance with contract terms and the approved Technical Proposal under G.3.1.1 and all contractual requirements have been met by Contractor and accepted by Forest Service in active stewardship project areas and on areas cut over at time of Contractor’s request, except for areas where work is in progress at time of Contractor’s request. Contractor’s burning of current slash or seeding or planting for erosion con- trol may be temporarily waived, if weather or other considerations make such work impractical.
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Contract Term Extension means an extension of the term of this contract, at the request of Contractor, under this Subsection. This Subsection does not obligate Contracting Officer to grant Contract Term Extension. An extension can only be granted when Contracting Officer has determined that Contractor has diligently performed under the terms of this contract and when such extension is determined to be in the best in- terest of Forest Service. Contracting Officer may not grant Contractor’s written request for Contract Term Extension, unless Contractor’s Operations to date have been in reasonable compliance with contract terms and the approved Technical Proposal under GT.3.1.1 and all contractual requirements have been met by Contractor and accepted by Forest Service in ac- tive stewardship project areas and on areas cut over at time of Contractor’s request, except for areas where work is in progress at time of Contractor’s request. Contractor’s burning of current slash or seeding or planting for erosion con- trol may be temporarily waived, if weather or other considerations make such work impractical.
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Examples of Contract Term Extension in a sentence

  • This Subsection does not obligate Contracting Officer to grant Contract Term Extension.

  • In consideration for granting an extension, Purchaser shall pay the Government for Purchaser’s failure to cut and remove timber meeting Utilization Standards prior to Contract Term Extension, an amount that shall be the total of the costs to the Government resulting from the delay in harvest of Included Timber.

  • Required Deposits may be adjusted as part of a rate redetermination or a Contract Term Extension.

  • Except for Contract Term Extension under B8.23, pe- riodic payment determination date(s) that have not been reached shall be adjusted one day for each additional day of contract time granted.

  • In the event of Contract Term Extension, Forest Service shall divide the difference between Current Contract Value as of the start of any Contract Term Extension and the credit balance of any deposit made pursuant to B4.213 by the number of whole months remaining in Normal Operating Season(s) within the extension period to determine the amount of each “Extension Deposit.” Purchaser shall make the initial Extension Deposit prior to Forest Service executing the contract modifica- tion.

  • If Purchaser fails to complete construction of any or all Specified Roads by applicable completion date, as adjusted, Contract Term Extension shall not be granted.

  • This provision shall not apply during the period of a Contract Term Extension.

  • In the event of Contract Term Extension, Forest Service shall divide the difference between Current Contract Value as of the start of any Contract Term Extension and the credit bal- ance of any deposit made pursuant to BT4.213 by the number of whole months remaining in Normal Operating Season(s) within the extension period to determine the amount of each “Extension Deposit.” Purchaser shall make the initial Extension Deposit prior to Forest Service executing the contract modifica- tion.

  • Periodic payment determination date(s) shall not be adjusted for Contract Term Extension under B8.23.

  • Contracting Officer may not grant Contractor’s written request for Contract Term Extension, unless Contractor’s Operations to date have been in reasonable compliance with contract terms and the approved Technical Proposal under G.3.1.1 and all contractual requirements have been met by Contractor and accepted by Forest Service in active stewardship project areas and on areas cut over at time of Contractor’s request, except for areas where work is in progress at time of Contractor’s request.


More Definitions of Contract Term Extension

Contract Term Extension means an extension of the term of this contract, at the request of Contractor, under this Sub- section. This Subsection does not obligate Contracting Officer to grant Contract Term Extension. An extension can only be granted when Contracting Officer has de- termined that Contractor has diligently performed under the terms of this contract and when such extension is determined to be in the best interest of Forest Service. Contracting Officer may not grant Contractor’s writ-‌‌‌‌ ten request for Contract Term Extension, unless Con- tractor’s Operations to date have been in reasonable compliance with contract terms and the approved Tech- nical Proposal under B6.311 and all contractual require- ments have been met by Contractor and accepted by‌ Forest Service in active stewardship project areas and on areas cut over at time of Contractor’s request, except for areas where work is in progress at time of Contrac- tor’s request. Contractor’s burning of current slash or seeding or planting for erosion control may be tempo- rarily waived, if weather or other considerations make such work impractical.‌‌‌‌ Contract Term Extension shall not become effective unless the initial Extension Deposit required by B4.217 has been made by the effective date of any extension. When such extension is made, Forest Service shall make an appraisal using standard Forest Service meth- ods and appraisal data in effect 45 days prior to the orig- inal Termination Date. Bid Premium Rates shall be added to such appraised rates to establish Flat Rates or Tentative Rates for the extension period. In event rates so established would develop Current Contract Value immediately prior to such an extension that is less than Current Contract Value at that time, Flat Rates and Tentative Rates in effect immediately prior to extension shall be retained for the extension period.‌‌
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Contract Term Extension means an extension of the term of this contract, at the request of Contractor, under this Subsec- tion. This Subsection does not obligate Contracting Officer to grant Contract Term Extension. An extension can only be granted when Contracting Officer has determined that Contractor has diligently performed under the terms of this contract and when such extension is determined to be in the best interest of Forest Service. Contracting Officer may not grant Contractor’s written request for Contract Term Extension, unless Contractor’s Operations to date have been in reasonable compliance with contract terms and the approved Technical Proposal under BT6.311 and all contractual requirements have been met by Contractor and accepted by Forest Service in active stewardship project areas and on areas cut over at time of Contractor’s request, except for areas where work is in pro- xxxxx at time of Contractor’s request. Contractor’s burning of current slash or seeding or planting for erosion control may be temporarily waived, if weather or other considera- tions make such work impractical. Contract Term Extension shall not become effective unless the initial Extension Deposit required by BT4.217 has been made by the effective date of any extension. When such extension is made, Forest Service shall make an appraisal using standard Forest Service methods and appraisal data in effect 45 days prior to the original Termination Date. Bid Premium Rates shall be added to such appraised rates to establish Flat Rates or Tentative Rates for the extension period. In event rates so estab- lished would develop Current Contract Value immediately prior to such an extension that is less than Current Con- tract Value at that time, Flat Rates and Tentative Rates in effect immediately prior to extension shall be retained for the extension period.
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Contract Term Extension means an extension of the term of this contract, at the request of Contractor, under this Subsection. This Subsection does not obligate Contracting Officer to grant Contract Term Extension. An extension can only be granted when Contracting Officer has determined that Contractor has diligently per- formed under the terms of this contract and when such extension is determined to be in the best interest of Forest Service.
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Contract Term Extension means an extension of the term of this contract, at the request of Contractor, under this Sub- section. This Subsection does not obligate Contracting Officer to grant Contract Term Extension. An extension can only be granted when Contracting Officer has de- termined that Contractor has diligently performed under the terms of this contract and when such extension is determined to be in the best interest of Forest Service. Contracting Officer may not grant Contractor’s writ-‌‌‌‌ ten request for Contract Term Extension, unless Con- tractor’s Operations to date have been in reasonable compliance with contract terms and the approved Tech- nical Proposal under B6.311 and all contractual require- ments have been met by Contractor and accepted by‌ 137 Contract FS-2400-13 (10/2019) Forest Service in active stewardship project areas and on areas cut over at time of Contractor’s request, except for areas where work is in progress at time of Contrac- tor’s request. Contractor’s burning of current slash or seeding or planting for erosion control may be tempo- rarily waived, if weather or other considerations make such work impractical.‌‌‌‌‌‌‌‌‌ Contract Term Extension shall not become effective unless the initial Extension Deposit required by B4.217 has been made by the effective date of any extension. When such extension is made, Forest Service shall make an appraisal using standard Forest Service meth- ods and appraisal data in effect 45 days prior to the orig- inal Termination Date. Bid Premium Rates shall be added to such appraised rates to establish Flat Rates or Tentative Rates for the extension period. In event rates so established would develop Current Contract Value immediately prior to such an extension that is less than Current Contract Value at that time, Flat Rates and Tentative Rates in effect immediately prior to extension shall be retained for the extension period.‌‌ SAMPLE
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Contract Term Extension means an extension of the term of this contract, at the request of Purchaser, under this Subsection. This Subsection does not obligate Contracting Officer to grant Contract Term Extension. When such extension is made, Forest Service shall make an appraisal using standard Forest Service methods and appraisal data in effect 45 days prior to the original Termination Date. Bid Premium Rates shall be added to such appraised rates to establish Flat Rates or Tentative Rates for the extension period. In event rates so established would develop Current Contract Value immediately prior to such an extension that is less than Current Contract Value at that time, Flat Rates and Tentative Rates in effect immediately prior to extension shall be retained for the extension period. wood product prices has occurred. If the drastic reduction criteria specified in 36 CFR 223.52 are met for 2 consecu- tive calendar quarters, after contract award date, Con- tracting Officer will add 1 year to the contract term, upon Purchaser’s written request. For each additional consecu- tive quarter such a drastic reduction occurs, Contracting Officer will, upon written request, add an additional 3 months to the term during Normal Operating Season. Contracting Officer must receive Purchaser’s written re- quest for a market-related contract term addition before the expiration of this contract. The total amount of contract term addition is limited to the lesser of twice the length of the original contract or 3 years. The revised contract term may not exceed 10 years as a result of market-related contract term addition. Additional contract time may not be granted for those por- tions of the contract that have a required completion date or for those portions of the contract where Contracting Of- ficer determines that the timber is in need of urgent re- moval or that timber deterioration or resource damage will result from delay.
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Related to Contract Term Extension

  • Patent Term Extension means any term extensions, supplementary protection certificates, regulatory exclusivity and equivalents thereof offering patent protection beyond the initial term with respect to any issued Patents.

  • End of Term Extension means the time period defined in §2.D.

  • Contract Term means period of performance set forth in the paragraph entitled “Term” contained in Exhibit E.

  • Renewal Application means a document used to collect pertinent data for renewal of permits

  • License Period means the period beginning from the Commencement Date and ending on the Termination Date.

  • Service Extension shall have the meaning set forth in Section 7.1(c).

  • Development Term means the period commencing on the Closing Date and ending on the earlier of (a) the Option Closing Date or (b) the date the Option terminates or expires other than by exercise.

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

  • Commencement of Commercial Production means the first occurrence of Commercial Production in an Area.

  • Fixed term tenancy means a tenancy that has a fixed term of existence, continuing to a

  • Three-Month Term SOFR Conventions means any determination, decision or election with respect to any technical, administrative or operational matter (including with respect to the manner and timing of the publication of Three-Month Term SOFR, or changes to the definition of “interest period,” timing and frequency of determining Three-Month Term SOFR with respect to each interest period and making payments of interest, rounding of amounts or tenors, and other administrative matters) that the Calculation Agent decides may be appropriate to reflect the use of Three-Month Term SOFR as the Benchmark in a manner substantially consistent with market practice (or, if the Calculation Agent decides that adoption of any portion of such market practice is not administratively feasible or if the Calculation Agent determines that no market practice for the use of Three-Month Term SOFR exists, in such other manner as the Calculation Agent determines is reasonably necessary).

  • Exclusivity Period shall have the meaning set forth in Section 6.11.

  • Initial Term Loan shall have the meaning provided in Section 2.1(a).

  • Additional Product means any Product identified as such in the Product Terms and chosen by Enrolled Affiliate under this Enrollment.

  • Project Term the period from the Operation Commencement Date to the Expiry Date or the Termination Date, whichever occurs first, which is further described in Clause 3;

  • Collaboration Term has the meaning set forth in Section 2.1(h).

  • Period of Extended Hire means any additional period that the Hirer wishes the Agency Worker to be supplied for beyond the duration of the original Assignment or series of assignments as an alternative to paying a Transfer Fee;

  • medium term expenditure framework ’ means a budgeting framework applied by the National Treasury which—

  • Contract Term Adjustment means adjustment only as provided for in the three circumstances described in this Subsection. Under these circumstances, the contract term shall be adjusted in writing to include additional calendar days in one or more Normal Operating Seasons equal to the actual time lost, except as limited by paragraph (b) in this Subsection. To qualify for such adjustment, Purchaser shall give written notice of the lost time not later than 30 days after end of Normal Operating Season in which time was lost and at least 10 days before Termination Date. Contracting Officer shall make prompt written acknowledgment of such notice, indicating concurrence with the number of days in the notice or the number of days Forest Service considers as qualifying for the adjustment. Lost portions of days shall be disregarded in computing time lost. The three circumstances qualifying for a Contract Term Adjustment are:

  • Research Period means the research period as described in the Commissioned Research Plan. In accordance with the provisions of this Agreement, in the event that the Agreement ended prior to the completion date of the research originally set, the date the Agreement ends shall be read as the research period.

  • License Term means the duration of a License as specified in the Order.

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

  • site development plan means a dimensioned plan drawn to scale that indicates details of the proposed land development, including the site layout, positioning of buildings and structures, property access, building designs and landscaping;

  • Regulatory Exclusivity Period means, with respect to each Licensed Product in any country in the Territory, a period of exclusivity (other than Patent exclusivity) granted or afforded by Applicable Law or by a Regulatory Authority in such country which confers an exclusive Commercialization period during which AbbVie or its Affiliates or Sublicensees have the exclusive right to market and sell a Licensed Compound or Licensed Product in such country through a regulatory exclusivity right.

  • Initial Term Facility means the Initial Term Loan Commitments and the Initial Term Loans made hereunder.