Common use of Lengthening the Arbitration Period Clause in Contracts

Lengthening the Arbitration Period. TradeRev reserves the right to lengthen the arbitration period when, in the opinion of TradeRev it would be fair and reasonable to do so. Although the Seller is required to make all applicable Disclosures, the Buyer is also required to be diligent in its inspection and research of its Vehicle purchases. Thus, if, by exercising reasonable diligence, the Buyer could have discovered a potential arbitration issue within the applicable time period, it is unlikely that an exception to the arbitration time limits will be made.

Lengthening the Arbitration Period. TradeRev reserves the right to lengthen the arbitration period when, in the opinion of TradeRev XxxxxXxx it would be fair and reasonable to do so. Although the Seller is required to make all applicable Disclosures, the Buyer is also required to be diligent in its inspection and research of its Vehicle purchases. Thus, if, by exercising reasonable diligence, the Buyer could have discovered a potential arbitration issue within the applicable time period, it is unlikely that an exception to the arbitration time limits will be made.