Long Stop Date Extension Clause Samples
A Long Stop Date Extension clause allows the parties to extend the final deadline by which certain contractual obligations must be fulfilled. Typically, this clause sets out the conditions under which the long stop date can be postponed, such as mutual agreement or the occurrence of specific events like regulatory delays. Its core function is to provide flexibility and prevent the contract from automatically terminating if unforeseen circumstances delay performance, thereby reducing the risk of contract failure due to factors outside the parties' control.
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Long Stop Date Extension. For the purposes of Section 13.1, if on or prior to the Long Stop Date (i) all of the conditions of Seller and Buyer to complete the Closing have been fulfilled or waived by the applicable party other than the conditions set forth in Section 9.6 and Section 10.6 and (ii) Parent and Buyer shall have made substantial progress in obtaining the Overseas Investment Approvals, then Buyer and Seller may, by mutual consent, which shall not be unreasonably withheld by either such party, extend the Long Stop Date for an agreed upon period not to exceed sixty (60) days.
Long Stop Date Extension. Notwithstanding any other provisions of this Agreement, in case the Long Stop Date is extended in relation to any Condition in accordance with this clause (the “Extended Long Stop Date”), all provisions of this Agreement in respect of the Long Stop Date shall be also applicable to the Extended Long Stop Date and all references to the Long Stop Date shall be deemed to be references to the Extended Long Stop Date. The Parties agree that the Extended Long Stop Date in any case shall not be later than [*].
Long Stop Date Extension. 6.4.1 Notwithstanding any other provisions of this Agreement, in case the Long Stop Date is extended in relation to any Condition in accordance with this clause (the “Extended Long Stop Date”), all provisions of this Agreement in respect of the Long Stop Date shall be also applicable to the Extended Long Stop Date and all references to the Long Stop Date shall be deemed to be references to the Extended Long Stop Date. The Parties agree that the 32 32 of #NUM_PAGES# DOCPROPERTY cpHeaderText Extended Long Stop Date in any case shall not be later than [*].
6.4.2 In case the Condition specified in clause 6.1.1(B) is not fulfilled or waived, as applicable, on the Long Stop Date, the Long Stop Date shall be automatically extended by [*]. In case the Condition specified in clause 6.1.1(B) is not fulfilled or waived, as applicable, on [*], the Long Stop Date may be further extended not more than [*] ([*]) time for [*] ([*]) month and [*] ([*]) times for [*] ([*]) months in total (i.e. [*] ([*]) months in aggregate) by the Buyer by notice in writing to the other Parties.
6.4.3 In case the Condition specified in clause 6.1.1(C) is not fulfilled or waived, as applicable, on the Long Stop Date, the Long Stop Date may be extended to [*] by the Buyer by notice in writing to the other Parties. In case the Condition specified in clause 6.1.1(C) is not fulfilled or waived, as applicable, to [*], the Long Stop Date may be further extended not more than [*] ([*]) times each time for [*] ([*]) months by the Seller 1 by notice in writing to the other Parties.
6.4.4 In case any Condition specified in clauses 6.1.1(A) is not fulfilled or waived, as applicable, by the Long Stop Date, the Long Stop Date may be extended not more than [*] ([*]) times each time for [*] ([*]) months by the Seller 1 by notice in writing to the other Parties.
6.4.5 In case any Condition specified in clauses 6.1.1(D) or 6.1.1