Pandemic Extensions Sample Clauses

Pandemic Extensions. Notwithstanding anything in Section 6.1(a) above to the contrary, in the event that (i) Buyer, (ii) Seller, (iii) a government entity reasonably necessary to effectuate the Closing (such as an Assistance Provider, or a government entity responsible for recording documents, assessing transfer taxes or issuing transfer stamps); or (iv) any of Buyer’s or Seller’s third party service providers who provide services to Buyer or Seller, or their agents, and is necessary to effectuate the Closing (i.e., the Title Company, the Escrow Agent, any other settlement agent, or Buyer’s or Seller’s attorneys) (each, a “Necessary Third Party”) are delayed, hindered, or prevented from performing any act required under this Agreement or reasonably necessary to effectuate the Closing, by reason of a government or Necessary Third Party closure, delay, or inability to perform because of an outbreak of “COVID-19” or other pandemic, then Buyer or Seller may extend the Closing Date by up to thirty (30) days (a “Pandemic Extension”) by providing written notice to the other Party, in which event, the “Closing Date” shall mean the Closing Date, as so extended by such Pandemic Extension. In the event that either Party cannot effectuate the Closing by reason of a government or Necessary Third Party closure, delay or inability to perform because of an outbreak of such pandemic by the end of a Pandemic Extension, such failure shall not be deemed a default and Buyer or Seller may terminate this Agreement by sending written notice to the other and this Agreement shall be null and void as of the end of such Pandemic Extension and the Deposit then held by Escrow Agent shall be returned to Buyer.
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Related to Pandemic Extensions

  • Contract Extensions This Contract may be extended on an annual basis beyond the Initial Term if the Local Board successfully meets the terms of the Contract for at least three or more years as determined by the State Board.

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