Common use of Extension of the Closing Date Clause in Contracts

Extension of the Closing Date. In the event a ----------------------------- condition precedent set forth in Section 10.1 or 10.2 of this Agreement is not satisfied or waived in writing by the beneficiary thereof on or before the date established by the parties as the Closing Date for reasons beyond the reasonable control of the party responsible for satisfying such condition, and such condition, in the reasonable opinion of the party who is responsible for satisfying such condition, is capable of being satisfied prior to the Closing Deadline, the Closing Date shall be extended, but not beyond the Closing Deadline, to a date determined in good faith by the party or parties responsible for satisfying such condition. The party responsible for satisfying such condition shall use its reasonable best efforts in such case to cause such condition precedent to be satisfied, and all parties shall use their respective reasonable best efforts to obtain an extension of time from any Governmental Authority whose approval or consent to the consummation of the transactions contemplated by any of the Transaction Documents is required and will expire prior to the extended Closing Date. 11. MISCELLANEOUS ------------- 11.1

Extension of the Closing Date. In the event a ----------------------------- condition precedent set forth in Section 10.1 or 10.2 of this Agreement is not satisfied or waived in writing by the beneficiary thereof on or before the date established by the parties as the Closing Date for reasons beyond the reasonable control of the party responsible for satisfying such condition, and such condition, in the reasonable opinion of the party who is responsible for satisfying such condition, is capable of being satisfied prior to the Closing Deadline, the Closing Date shall be extended, but not beyond the Closing Deadline, to a date determined in good faith by the party or parties responsible for satisfying such condition. The party responsible for satisfying such condition shall use its reasonable best efforts in such case to cause such condition precedent to be satisfied, and all parties shall use their respective reasonable best efforts to obtain an extension of time from any Governmental Authority whose approval or consent to the consummation of the transactions contemplated by any of the Transaction Documents is required and will expire prior to the extended Closing Date. 11. MISCELLANEOUS ------------- 11.1.