Common use of Extension of Time Periods Clause in Contracts

Extension of Time Periods. In the event that Lessee is unable to complete any action required by this Article XV in the time period provided, and Lessee establishes to the reasonable satisfaction of Lessor that Lessee has been acting in good faith and diligently, then Lessor shall grant to Lessee a reasonable extension of time in which to complete the repair or reconstruction of any Facility subject to Taking, prior to the time that Lessee would otherwise be required to repurchase such Facility subject to a Taking.

Extension of Time Periods. In the event that Lessee Xxxxxx is unable to complete any action required by this Article XV in the time period provided, and Lessee Xxxxxx establishes to the reasonable satisfaction of Lessor that Lessee has been acting in good faith and diligently, then Lessor shall grant to Lessee a reasonable extension of time in which to complete the repair or reconstruction of any Facility subject to Taking, prior to the time that Lessee would otherwise be required to repurchase such Facility subject to a Taking.

Extension of Time Periods. In the event that Lessee is unable to complete any action required by this Article XV XIV in the time period provided, and Lessee establishes to the reasonable satisfaction of Lessor that Lessee has been acting in good faith and diligently, then Lessor shall grant to Lessee a reasonable extension of time in which to complete the repair or reconstruction of any Facility subject to Takingdamaged Facility, prior to the time that Lessee would otherwise be required to repurchase such Facility subject to a Takingdamaged Facility.