Common use of Construction Delays Clause in Contracts

Construction Delays. In the event of construction delays due to conditions beyond Seller’s control including but not limited to: work stoppage due to labor disputes, strikes, governmental agency delays, natural physical events, floods, wind damage, snow, earthquakes or acts of God, Seller, at its option, may extend the closing date as specified in the Purchase and Sale Agreement, by (30) days. Further, if construction is not completed by the adjusted closing date, Xxxxx’s sole option other than waiving timely performance and closing on completion is cancellation of the Purchase and Sale Agreement and return of xxxxxxx money deposit.

Construction Delays. In the event of construction delays due to conditions beyond Seller’s control including but not limited to: work stoppage due to labor disputes, strikes, governmental agency delays, natural physical events, floods, wind damage, snow, earthquakes or acts of God, Seller, at its option, may extend the closing date as specified in the Purchase and Sale Agreement, by (30) days. Further, if construction is not completed by the adjusted closing date, XxxxxBuyer’s sole option other than waiving timely performance and closing on completion is cancellation of the Purchase and Sale Agreement and return of xxxxxxx money deposit.