Delays; Force Majeure. In the event of delays from causes beyond the reasonable control of Seller (such as, but not limited to, acts of God, strikes, work stoppages, unavailability of or delay in receiving labor or materials or undue and/or excess expense in receiving the same, defaults by contractors or subcontractors, inability to obtain necessary governmental permits or approvals, including, without limitation, building permits, weather conditions, terrorism, pandemics, epidemics, strikes, inability to obtain materials, or fire or other casualty, or any legal proceedings, orders or judgments commenced or secured by a third party that could impair the development or use of the Project or the Resort for their respective intended purposes, and any other conditions or events legally recognized in the State of Colorado as frustrating or rendering impossible performance of contracts) (each, a "Force Majeure Delay"), then the time for Seller's performance under this Agreement will be extended for a period or periods of time equal to the length of each Force Majeure Delay.
Appears in 5 contracts
Samples: Residential Unit Purchase and Sale Agreement, Purchase and Sale Agreement, Purchase and Sale Agreement
