Reasonable Extension Clause Samples
A Reasonable Extension clause allows for the extension of deadlines or timeframes under a contract when unforeseen circumstances arise that prevent timely performance. Typically, this clause applies to situations such as delays caused by force majeure events, regulatory changes, or other factors outside a party’s control, and it requires the affected party to notify the other party and justify the need for more time. Its core practical function is to provide flexibility and fairness, ensuring that parties are not penalized for delays beyond their control and helping to maintain the viability of the contractual relationship.
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Reasonable Extension. If the nature of any Curable Default is such that the Mortgagee Cure Period is insufficient for the Mortgagee to complete a cure thereof, despite the exercise of reasonably diligent efforts, then, so long as the Mortgagee continues to exercise commercially reasonably, diligent efforts to complete the cure of the Curable Default, the Mortgagee Cure Period shall be extended as reasonably is necessary for such Mortgagee to complete the cure of the Curable Default.
Reasonable Extension. Olin shall not withhold its approval of any extension of time that Primex Technologies may reasonably request to continue to use any of the Trade Names, so long as (i) in Olin's judgment, Primex Technologies is diligently proceeding in good faith to eliminate its use of any of the Trade Names, and (ii) in no event shall any such extension exceed 18 months following the Effective Time.
Reasonable Extension. If, in the Farmor’s reasonably held opinion, ground conditions or other industry-related conditions render the drilling of the Exploration Well impossible or impracticable, an extension of the time required to spud the Exploration Well shall be allowed until such time as the adverse condition(s) ceases to exist, with sufficient time then allowed to reasonably permit the drilling of the Exploration Well.
Reasonable Extension. Olin shall not withhold its approval of any -------------------- extension of time that ARCH may reasonably request to continue to use any of the Trade Names or Trademarks, so long as (i) in Olin's reasonable judgment, ARCH is diligently proceeding in good faith to eliminate its use of any of the Trade Names and Trademarks, and (ii) in no event shall any such extension exceed 18 months following the Distribution Date.
Reasonable Extension. 4.1 If, in Frontiers’s reasonably held opinion, ground conditions or other industry-related conditions render the drilling of the First Test Well or the Second Test Well impossible or impracticable, an extension of the time required to spud the Well will be allowed until such time as the adverse condition(s) ceases to exist, with sufficient time then allowed to reasonably permit the drilling of the Well.