Common use of Extension of Completion Date Clause in Contracts

Extension of Completion Date. The University may apply to CIMA for CIMA to give its consent to an extension of the Completion Date specified in Schedule 2. This application must be made to CIMA in writing at least 3 months prior to the expiration of the Completion Date specified in Schedule 2. At CIMA‟s sole discretion a maximum of two extensions may be granted of periods no longer than 6 months each. Save in the case of delays caused by Force Majeure Events as set out in clause 11(5), the University is required to apply to CIMA in writing for delays of more than 4 calendar weeks to any aspect of the Project or the delivery of any Output, and where such delays are likely to impact on the University‟s ability to meet the Completion Date, the University is required to request CIMA to consent to a new Completion Date. CIMA is not required to consent to a new Completion Date but may do so at its sole discretion. This provision is without prejudice to CIMA's other rights and remedies under this Agreement including its right to terminate this Agreement or to withhold funds. Any new Completion Date agreed between CIMA and the University shall be deemed to amend Schedule 2 as necessary and be binding on the University.

Appears in 3 contracts

Samples: Research Agreement, Research Agreement, Research Agreement

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Extension of Completion Date. The University may apply to CIMA GCT for CIMA GCT to give its consent to an extension of the Completion Date specified in Schedule 2. This application must be made to CIMA GCT in writing at least 3 months prior to the expiration of the Completion Date specified in Schedule 2. At CIMA‟s GCT’s sole discretion a maximum of two extensions may be granted of periods no longer than 6 months each. Save in the case of delays caused by Force Majeure Events as set out in clause 11(5), the University is required to apply to CIMA GCT in writing for delays of more than 4 calendar weeks to any aspect of the Project or the delivery of any Output, and where such delays are likely to impact on the University‟s University’s ability to meet the Completion Date, the University is required to request CIMA GCT to consent to a new Completion Date. CIMA GCT is not required to consent to a new Completion Date but may do so at its sole discretion. This provision is without prejudice to CIMAGCT's other rights and remedies under this Agreement including its right to terminate this Agreement or to withhold funds. Any new Completion Date agreed between CIMA GCT and the University shall be deemed to amend Schedule 2 as necessary and be binding on the University.

Appears in 2 contracts

Samples: Research Agreement, Research Agreement

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Extension of Completion Date. The University may apply to CIMA GCT for CIMA GCT to give its consent to an extension of the Completion Date specified in Schedule 2. This application must be made to CIMA GCT in writing at least 3 months prior to the expiration of the Completion Date specified in Schedule 2. At CIMA‟s GCT‟s sole discretion a maximum of two extensions may be granted of periods no longer than 6 months each. Save in the case of delays caused by Force Majeure Events as set out in clause 11(5), the University is required to apply to CIMA GCT in writing for delays of more than 4 calendar weeks to any aspect of the Project or the delivery of any Output, and where such delays are likely to impact on the University‟s ability to meet the Completion Date, the University is required to request CIMA GCT to consent to a new Completion Date. CIMA GCT is not required to consent to a new Completion Date but may do so at its sole discretion. This provision is without prejudice to CIMAGCT's other rights and remedies under this Agreement including its right to terminate this Agreement or to withhold funds. Any new Completion Date agreed between CIMA GCT and the University shall be deemed to amend Schedule 2 as necessary and be binding on the University.

Appears in 1 contract

Samples: Research Agreement

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