Common use of Extension of Required Financial Closing Date Clause in Contracts

Extension of Required Financial Closing Date. If Project Company does not achieve Financial Close by the Required Financial Closing Date due to reasons other than an Excusable Event or other than Project Company's failure, then the Required Financial Closing Date shall be extended until the date that is ninety (90) Days after the original Required Financial Closing Date, provided that prior to any such extension, the validity period of the Bid Guarantee shall have been extended (by written amendment thereto delivered to GPA) until the extended Required Financial Closing Date.