Common use of Right to postpone or terminate Clause in Contracts

Right to postpone or terminate. If Completion does not take place on the Completion Date because either party fails to comply with any of its obligations under this Clause 4 and Schedule 3 (Completion Requirements) (whether the failure by such party amounts to a repudiatory breach or not), the other party may by notice to the first-mentioned party: 4.4.1 proceed to Completion to the extent reasonably practicable; 4.4.2 postpone Completion to a date not later than the Long Stop Date; or 4.4.3 terminate this Agreement.