Examples of Extension Term in a sentence
If the Extension Fee Payment Date is the first (1st) through the fifteenth (15th) of a calendar month, that partial month shall count as a full calendar month remaining in the current Term and in the new Term (the current Term plus the Extension Term).
Any extension option must be exercised by the City, in writing, prior to the expiration of the Initial Term of this Agreement or any subsequent Extension Term.
This Contract Extension will be in effect with no plan or premium changes for or during the Contract Extension Term.
Proposed programming topics for each year must be approved in advance, in writing, by the Contract Administrator, and any Extension Term is subject to the requirements set forth in Section 4.2 of the Agreement.
The rates in Schedule 1 shall be changed every two (2) years beginning on January 1 of any Extension Term to be reflective of the labor and vehicle rates actually incurred by Seller.