Common use of Challenge Period Clause in Contracts

Challenge Period. The Challenge will accept Proposals as follows: 1. Proposals will be accepted starting on the Start Date/Time until the End Date/Time. The intervening time between these is the “Challenge Period.” 2. All dates and times are subject to change at Sponsor’s sole determination. Changes to the Challenge Period may be announced on the Sponsor’s website. 3. Proposals received following the Challenge Period may be rejected at Sponsor’s sole determination.