Common use of Delivery Date and Outside Delivery Date Defined Clause in Contracts

Delivery Date and Outside Delivery Date Defined. The “Delivery Date”, as it applies to Sales Agent and each other Current Distributor, means the applicable date indicated in this section below. The Delivery Date is subject to (a) one or more extensions of any duration with the written consent of Beneficiary; (b) one or more automatic extensions due to any delays, not to exceed one hundred eighty (180) calendar days in the aggregate, because of (i) Events of Force Majeure, (ii) Events of Essential Element Force Majeure; and/or (iii) any other exigencies that result in any stoppage, postponement, interruption, or relocation of Production and Delivery, as determined by Completion Guarantor at its sole discretion. The Delivery Date, as it may be extended by the terms hereof, is sometimes herein referred to as the “Outside Delivery Date”.

Appears in 4 contracts

Samples: Completion Guaranty, Completion Agreement, Completion Guaranty

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