Extension of Due Diligence Period Sample Clauses

Extension of Due Diligence Period. The Due Diligence Period shall be, and hereby is, extended to and shall expire on March 26, 2007, at 5:00 p.m. Central Time.

Extension of Due Diligence Period. Developer shall have the option and right to extend the Due Diligence Period past one hundred twenty (120) days for an initial extension period of sixty (60) days provided the Plan Packet has been submitted to the Review Panel, and a second extension period of sixty (60) days, provided Construction Plans have been submitted for state building permit approval.

Extension of Due Diligence Period. Section 4.2 of the Agreement is hereby amended to provide that the Due Diligence Period shall expire at 5:00 p.m. (Central time) on February 16, 2012.

Extension of Due Diligence Period. Purchaser will use commercially reasonable efforts to obtain all required zoning relief, site plan review and entitlements to allow it to operate a freight truck terminal and warehouse, with outside storage of trailers and routine truck maintenance on the Real Property, and shall keep Seller reasonably apprised of its progress in this regard (the “Approvals”). Seller shall reasonably cooperate with and assist Purchaser in its efforts to obtain the Approvals without cost or expense to Seller. Purchaser shall have the right to extend the Due Diligence Period for up to five (5) consecutive thirty (30) day periods (each an “Extension”) in order for Purchaser to obtain the Approvals under the following conditions: (i) Purchaser provides Seller written notice of its election to extend prior to the expiration of the Due Diligence Period, or any Extension thereof; (ii) as of the day after the initial Due Diligence Period, the Xxxxxxx Money Deposit becomes non-refundable but applicable to the Purchase Price; and (iii) Purchaser deposits an additional $12,500 with the Escrow Agent for each Extension (each an “Extension Fee”), prior to the expiration of the Due Diligence Period, or any Extension thereof, to be governed by the Escrow Agreement. Each Extension Fee shall be non-refundable but applicable to the Purchase Price. If Purchaser does not obtain the Approvals on or prior to the expiration of the Due Diligence Period, as extended, Purchaser shall have the right, at its sole option, to terminate this Agreement by written notice to Seller prior to the expiration of the Due Diligence Period, as extended, and this Agreement shall thereupon terminate, the Xxxxxxx Money and all Extension Fees shall be payable to Seller and neither Seller nor Purchaser shall have any further obligation or liability under this Agreement (except for obligations that are expressly intended to survive the termination of this Agreement). If this Agreement is not so terminated pursuant to the foregoing, this condition shall be deemed waived by Purchaser.

Extension of Due Diligence Period. The expiration of the Due Diligence Period set forth in the Summary of Basic Purchase and Sale Terms is hereby extended from 11:00 a.m. Pacific time on May 30, 2014 to 11:00 a.m. Pacific time on June 4, 2014.

Extension of Due Diligence Period. The Due Diligence Period set forth in Section 4.2 of the Purchase Agreement shall be, and hereby is, extended until 5:00 p.m. (Eastern time) on September 26, 2007.

Extension of Due Diligence Period. The “Due Diligence Period” (as defined in Section 4.1(a) of the Agreement) shall extend for all purposes under the Agreement at least through 5:00 P.M., Eastern time on October 28, 2014, and shall continue to be subject to any further extension applicable pursuant to Section 4.1(b) and Section 4.12 of the Agreement.

Extension of Due Diligence Period. The Due Diligence Period may be extended if mutually agreed to in writing by the Parties. All provisions of this Agreement relating to the Due Diligence Period shall also apply to any extensions thereof.

Extension of Due Diligence Period. If Seller fails to deliver all Available Due Diligence Materials to Purchaser (or fails to deliver the Due Diligence Materials Notice) by the expiration of three (3) Business Days after the Effective Date, the Due Diligence Period shall be extended, at the sole option of the Purchaser, on a day-for-day basis by the number of calendar days elapsing between the end of such three (3)-Business Day period and the earliest day on which all Available Due Diligence Materials (or a notice that certain Due Diligence Materials are not Available Due Diligence Materials) have been delivered to Purchaser.

Extension of Due Diligence Period. The Due Diligence Period is hereby extended through and until 5:00 p.m. Pacific Time on Monday, May 8, 2017