Additional Time Required Sample Clauses
The 'Additional Time Required' clause defines the conditions under which a party may request an extension to the agreed-upon timeline for completing obligations under a contract. Typically, this clause outlines the process for notifying the other party about the need for more time, the acceptable reasons for such requests (such as unforeseen delays or force majeure events), and any documentation that must be provided. Its core practical function is to provide a structured mechanism for adjusting deadlines, thereby reducing disputes and ensuring that both parties have clear expectations when delays occur.
Additional Time Required for Rebuilding due to the Operation of By-Laws: In the case of damage by a peril insured against, the insurance provided by this form extends to insure any increase in loss resulting from or contributed to by, the operation of any by-law, ordinance or law which regulates zoning or the demolition, repair, or construction of damaged buildings or structures, but shall in no way operate to extend the “Indemnity Period”