Optional Renewal Term definition

Optional Renewal Term means an additional one year period that can extend the duration of these USAC Terms and Conditions at USAC’s sole discretion as described in Section 2 of these USAC Terms and Conditions.
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Optional Renewal Term means an additional one year period that can extend the
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Optional Renewal Term means an additional one year period that can extend the duration of these USAC Standard Terms and Conditions, and that can be exercised at USAC’s sole discretion as described in Section 2 of these USAC Standard Terms and Conditions.
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Examples of Optional Renewal Term in a sentence

  • USAC will provide an Assessments Timetable to Contractor for each Optional Renewal Term (as the term is defined in Section C.1.O of this RFP), upon exercising the Optional Renewal Term.

  • USAC may exercise an Optional Renewal Term by written notice to Contractor within ten(10) days prior to expiration of the then current Initial Term or Optional Renewal Term.

  • Contractor shall submit an Assessment Schedule within five (5) business days of the first day of each exercised Optional Renewal Term, and Contractor shall be ready to continue performance of security assessments, including penetration testing, within five (5) business days of exercised Optional Renewal Term.

  • USAC may exercise an option to extend by written notice to Contractor within ten (10) days prior to expiration of the then current Initial Term or Optional Renewal Term.


More Definitions of Optional Renewal Term

Optional Renewal Term. As defined in Section 13.2.
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Optional Renewal Term has the meaning set forth in Section 4.1.
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Optional Renewal Term has the meaning set forth in Article I.
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Optional Renewal Term means any renewal term of this Agreement other than a Mandatory Renewal Term.
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Related to Optional Renewal Term

  • Renewal Period “Buyer” and “Default” have the same meanings respectively as they have in the Water Agreement.

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

  • Initial Term has the meaning set forth in Section 7.1.

  • Lease Year means each consecutive twelve-month period beginning with the Commencement Date, except that if the Commencement Date is not the first day of a calendar month, then the first Lease Year shall be the period from the Commencement Date through the final day of the twelve months after the first day of the following month, and each subsequent Lease Year shall be the twelve months following the prior Lease Year.

  • Basic Rent means Basic Rent as defined in Paragraph 6.