Permitting Delay Sample Clauses
The Permitting Delay clause defines the conditions under which delays in obtaining necessary permits or approvals are recognized and addressed within a contract. Typically, this clause outlines the process for notifying the other party of such delays, the types of permits covered, and any extensions of time or adjustments to project schedules that may result. Its core practical function is to allocate risk and provide a clear mechanism for handling unforeseen administrative or regulatory holdups, thereby ensuring that neither party is unfairly penalized for delays outside their control.
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Permitting Delay. The Guaranteed Commercial Operation Date may be extended on a day for day basis for not more than six (6) months if Seller has used commercially reasonable efforts (including Seller’s timely filing of required documents and payment of all applicable fees) to obtain permits necessary for the construction and operation of the Project, but is unable to obtain such permits and Seller has worked diligently to resolve the delay (“Permitting Delay”);
Permitting Delay. The Guaranteed Construction Start Date may be extended on a day for day basis for not more than six (6) months if Seller has used commercially reasonable efforts (including Seller’s timely filing of required documents and payment of all applicable fees) to obtain permits necessary for the construction and operation of the Project, but is unable to obtain such permits and Seller has worked diligently to resolve the delay (“Permitting Delay”);