CBL Extension Right Sample Clauses

CBL Extension Right. CBL shall have the right, exercisable by delivering written notice to JRI as soon as practical but in no event less than two (2) Business Days prior to a scheduled Deferred Closing Date, to extend the applicable Closing Date to a date not later than thirty (30) days after the scheduled Deferred Closing Date if CBL determines in its good faith judgment that such adjournment is reasonably necessary to enable CBL to satisfy the conditions to Closing set forth in Section 7.2 and the Interest Contribution Agreements and Deed Contribution Agreements, if applicable, with respect to the Properties in such Deferred Closing (and JRI has not waived any of the conditions in issue).