Buyer’s Request to Delay Closing. Buyer may request that Closing be delayed. If ExxonMobil agrees, its consent must be in writing, and ExxonMobil may require Buyer to pay, as consideration for and a condition of its agreement, an additional performance deposit equal to ten percent of the Base Purchase Price, as adjusted to date, due to ExxonMobil in cash or its equivalent within five days of ExxonMobil’s agreement to delay. The additional performance deposit will be treated as the performance deposit for all purposes under this Agreement.
Buyer’s Request to Delay Closing. Buyer shall have the right to delay Closing for a period of up to 14 days after the date stated in Section 8.01, to make the environmental assessment of the Formax Property under Section 5.02 hereof or to obtain and examine additional information if Buyer determines in its review that any files or data may be incomplete or inaccurate as specified in Section 5.01 hereof. If Buyer requests that Closing be delayed for any other reason, and in any case if Buyer requests that Closing be delayed for a period longer than 14 days, such delay must be approved by Exxon in writing, and Exxon may require Buyer to pay, as consideration for and a condition of its agreement to such delay, an additional performance deposit equal to the original performance deposit as set forth in Section 3.02 due to Exxon in cash or its equivalent within five days of Exxon's agreement to delay. This additional performance deposit will be treated as the performance deposit for all purposes under this Agreement.
Buyer’s Request to Delay Closing. Buyer may request that Closing be delayed for up to thirty (30) days after the originally-scheduled Closing Date, upon written notice to ExxonMobil, in order for the Parties to pursue necessary third party consents or in order that the Closing of transactions contemplated by this Agreement occurs after the expiration of all applicable preferential purchase periods.
