Contingency Deadline Clause Samples
A Contingency Deadline clause sets a specific date or timeframe by which certain conditions in a contract must be satisfied, such as securing financing, completing inspections, or obtaining approvals. If the required contingencies are not met by this deadline, the parties may have the right to terminate the agreement or renegotiate terms. This clause ensures that contractual obligations are met within a reasonable period, providing certainty and protecting both parties from indefinite delays.
Contingency Deadline. Notwithstanding anything to the contrary in the Agreement, the Contingency Deadline is hereby extended to expire at 5:00 pm (Pacific Time) on November 8, 2017.
Contingency Deadline. Section 35.3 of the Lease is deleted in its entirety and replaced with “Intentionally omitted”.
Contingency Deadline. Except as otherwise provided in this Agreement, Buyer shall have until 5 p.m. (Pacific Time) on January 29, 1999 ("Contingency Deadline"), to review all materials provided or made available by Seller to Buyer pursuant to the terms of this Agreement, to review the state of title to the Property, to negotiate the Seller's Lease and to perform such other due diligence with respect to the Property as Buyer determines in its sole discretion to perform. If Buyer, in its sole and absolute discretion, elects to proceed with its purchase of the Property, Buyer shall deliver written notice (the "Notice to Proceed") to Seller prior to the Contingency Deadline that it elects to proceed with the purchase of the Property. If Buyer timely delivers a Notice to Proceed, Buyer shall be deemed to have approved all aspects of the Property except for those aspects which this Agreement expressly provides remains subject to Buyer's approval following the Contingency Deadline, and Buyer shall have no further right to terminate this Agreement except as otherwise expressly provided in this Agreement. If Buyer fails to timely deliver a Notice to Proceed or if, prior to the Contingency Deadline, Buyer, in its sole and absolute discretion, delivers to Seller a notice of its intention not to proceed under this Agreement, then this Agreement shall automatically terminate, the Initial Deposit shall be returned to Buyer, and thereafter the parties shall have no further obligation or liability under this Agreement except for obligations which this Agreement provides expressly survive termination. In the event of any termination of this Agreement pursuant to the terms of this Paragraph 4.1 or any other provisions of this Agreement, any cancellation fee or other costs of the Escrow Holder shall be borne equally by Seller and Buyer, unless such termination is due to the default of a party, in which event the defaulting party shall bear all such costs and fees.
Contingency Deadline. In the event Seller receives another acceptable offer to purchase the Subject Property during the Marketing Period, Seller shall deliver written notification (Notification to Satisfy or Waive Contingency, Page 4 of this Agreement) to the Buyer that this Contingency must be satisfied or waived within