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 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 damaged Facility, prior to the time that Lessee would otherwise be required to repurchase such damaged Facility.

Extension of Time Periods. In the event that Lessee is unable to complete any action required by this Article XIV 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 damaged FacilityFacility subject to Taking, prior to the time that Lessee would otherwise be required to repurchase such damaged FacilityFacility subject to a Taking.

Extension of Time Periods. In the event that Lessee Xxxxxx is unable to complete any action required by this Article XIV 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 damaged FacilityFacility subject to Taking, prior to the time that Lessee would otherwise be required to repurchase such damaged FacilityFacility subject to a Taking.