Common use of COVID-19 Matters Clause in Contracts

COVID-19 Matters. Notwithstanding anything to the contrary contained in this Agreement, if Purchaser is unable to complete (or cause to complete) its Due Diligence Studies prior to the expiration of the Due Diligence Period or the Closing on the Closing Date despite its good faith efforts to do so and there exists either (a) a Governmental Order regarding their movements and/or ability to work as declared by the applicable Governmental Authority, or (b) other closures or officially confirmed delays in the response time of the Governmental Authorities or their respective sub-agencies as a result of the COVID-19 outbreak, then upon written notice to Seller, Purchaser shall have an one-time option to extend the Due Diligence Period and the Closing Date, respectively, for a period no longer than thirty (30) days so long as Purchaser diligently pursues completing its Due Diligence Studies or the Closing, whichever is applicable, during the extended timeframe.

COVID-19 Matters. Notwithstanding anything to the contrary contained in this Agreement, if Purchaser is unable to complete (or cause to complete) its Due Diligence Studies prior to the expiration of the Due Diligence Period or the Closing on the Closing Date despite its good faith efforts to do so and there exists either (a) a Governmental Order regarding their movements and/or ability to work as declared by the applicable Governmental Authority, or (b) other closures or officially confirmed delays in the response time of the Governmental Authorities or their respective sub-agencies as a result of the COVID-19 outbreak, then upon written notice to Seller, Purchaser shall have an one-time option to extend the Due Diligence Period and the Closing Date, respectively, for a period no longer than thirty (30) days so long as Purchaser diligently pursues completing its Due Diligence Studies or the Closing, whichever is applicable, during the extended timeframe.. DocuSign Envelope ID: 3850F6CD-D84A-41CD-A5C3-82C00771E142