Common use of Settlement Dates Clause in Contracts

Settlement Dates. a) Construction is not an exact science. Settlement dates are considered tentative until set by Contractor, and Contractor shall not be responsible for any losses, damages or claims of any kind or nature whatsoever due to or relating in any manner to the failure to meet a settlement date. Time shall not be considered of the essence for this purpose. This provision shall supersede any inconsistent provision of any other contract or agreement. b) The Completion Date may be extended by Contractor for reason of force majeure, circumstances beyond Contractor’s control, or any act or failure to act by Xxxxx(s) or Buyer(s) employees, subcontractors, agents or representatives. In the event Contractor deems it necessary, in Contractor’s sole judgment, to so extend the Completion Date, Contractor shall provide Buyer(s) with written notice of same, including the reason for the delay, and the date Contractor anticipates that the construction shall be completed. The period of any such extension shall be at minimal equal to the period of the delay or delays in completing the construction and the Completion Date shall be deemed extended for that period. In the event that Contractor needs more time, Contractor will inform Xxxxx(s) of delay and set a new date with a written notice to the Buyer(s).

Settlement Dates. a) Construction is not an exact science. Settlement dates are considered tentative until set by Contractor, and Contractor shall not be responsible for any losses, damages or claims of any kind or nature whatsoever due to or relating in any manner to the failure to meet a settlement date. Time shall not be considered of the essence for this purpose. This provision shall supersede any inconsistent provision of any other contract or agreement. b) The Completion Date may be extended by Contractor for reason of force majeure, circumstances beyond Contractor’s control, or any act or failure to act by Xxxxx(sBuyer(s) or Buyer(s) employees, subcontractors, agents or representatives. In the event Contractor deems it necessary, in Contractor’s sole judgment, to so extend the Completion Date, Contractor shall provide Buyer(s) with written notice of same, including the reason for the delay, and the date Contractor anticipates that the construction shall be completed. The period of any such extension shall be at minimal equal to the period of the delay or delays in completing the construction and the Completion Date shall be deemed extended for that period. In the event that Contractor needs more time, Contractor will inform Xxxxx(sBuyer(s) of delay and set a new date with a written notice to the Buyer(s).