Buyer-Requested Extensions Sample Clauses
The Buyer-Requested Extensions clause allows the buyer to formally request additional time to fulfill certain obligations or complete specific actions under the contract. Typically, this clause outlines the process for submitting extension requests, such as requiring written notice and specifying the circumstances under which extensions may be granted. Its core practical function is to provide flexibility for the buyer in situations where unforeseen delays occur, thereby reducing the risk of default and promoting smoother contract performance.
Buyer-Requested Extensions. If Buyer requests an extension of the Closing Date in writing at least five (5) days prior to the scheduled Closing Date, and Seller, in Seller's sole and absolute discretion, grants in writing, an extension pursuant to a mutually executed Closing Date Extension Amendment, Buyer shall pay Seller, as a condition of Seller's execution of this Amendment, a (1) $300.00 fee for the extension, and (2) a per diem fee of $100.00 for each day that the Closing Date is extended, regardless of whether the Closing actually occurs before the Closing Date. Buyer shall send an executed copy of the Closing Date Extension Amendment and a copy of the check for the above- described fees to Seller to the e-mail address or fax number shown in Section 1.2, and shall deliver the signed agreement and the check to the Closing Agent within one (1) business day thereafter. These fees shall be considered as an additional “hard money” deposit, and therefore part of the Deposit pursuant to Section 5.1.
Buyer-Requested Extensions. If ▇▇▇▇▇ requests an extension of the Closing Date in writing at least five
Buyer-Requested Extensions. If Buyer requests an extension of the Closing Date in writing at least five (5) days prior to the scheduled Closing Date, and Seller, in Seller's sole and absolute discretion, agrees to grant such request for extension. Seller shall prepare a Closing Date Extension Amendment which shall be executed by both Parties. Buyer acknowledges that the Closing Date Extension Amendment will require Buyer to pay Seller, as a condition of Seller's execution of this Amendment, a (1) $300.00 fee for the extension, and (2) a per diem fee of $100.00 for each day that the Closing Date is extended, regardless of whether the Closing actually occurs before the Closing Date. If ▇▇▇▇▇ agrees to such extension, then ▇▇▇▇▇ shall deliver the signed Amendment and the check to the Closing Agreement; and