Common use of Extension of Completion Date Clause in Contracts

Extension of Completion Date. The University or the Researcher may apply to GCT for GCT to give its consent to an extension of the Completion Date specified in Schedule 2. This application must be made to GCT in writing at least 3 months prior to the expiration of the Completion Date specified in Schedule 2. At 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 and the Researcher are required to apply to 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 and Researcher's ability to meet the Completion Date, the University or the Researcher are required to request GCT to consent to a new Completion Date. 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 GCT'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 GCT and the University or the Researcher shall be deemed to amend Schedule 2 as necessary and be binding on both the University and the Researcher.

Extension of Completion Date. The University or the Researcher may apply to GCT CIMA for GCT CIMA to give its consent to an extension of the Completion Date specified in Schedule 2. This application must be made to GCT CIMA in writing at least 3 months prior to the expiration of the Completion Date specified in Schedule 2. At GCTCIMA’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 and the Researcher are required to apply to GCT 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 and Researcher's ability to meet the Completion Date, the University or the Researcher are required to request GCT CIMA to consent to a new Completion Date. GCT 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 GCTCIMA'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 GCT CIMA and the University or the Researcher shall be deemed to amend Schedule 2 as necessary and be binding on both the University and the Researcher.

Extension of Completion Date. The University or the Researcher may apply to GCT for GCT to give its consent to an extension of the Completion Date specified in Schedule 2. This application must be made to GCT in writing at least 3 months 1 month prior to the expiration of the Completion Date specified in Schedule 2. At GCT’s sole discretion a maximum of two extensions may be granted of periods no longer than 6 2 months each. Save in the case of delays caused by Force Majeure Events as set out in clause 11(510(5), the University and the Researcher are required to apply to GCT in writing for delays of more than 4 2 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 and Researcher's ability to meet the Completion Date, the University or the Researcher are required to request GCT to consent to a new Completion Date. 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 GCT'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 GCT and the University or the Researcher shall be deemed to amend Schedule 2 as necessary and be binding on both the University and the Researcher.