Common use of Delaying Causes Clause in Contracts

Delaying Causes. SECTION 28.01. If either party is delayed in the performance of any covenant of this Lease because of any of the following causes: unusual action of the elements, war, riot, strikes, lockouts, labor disputes, inability to procure or general shortage of labor, materials or merchandise in the normal channels of trade, delay in transportation, delay in inspections, governmental action or inaction where action is required, or any cause beyond the reasonable control of the party so obligated, whether similar or dissimilar to the foregoing (except for any delay on account of financial inability), then such performance shall be excused for the period of the delay and the period such performance shall be extended for a period equivalent to the period of such delay, except that the foregoing shall in no way affect (i) Tenant's obligation to pay rent or other monetary obligations hereunder, or (ii) the length of the term.