Common use of Reasonable Extension Clause in Contracts

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.