Common use of Extension Periods Clause in Contracts

Extension Periods. If Buyer has satisfied or waived the contingencies set forth in Sections 4.1 and 4.2 above and is diligently pursuing the applicable required approvals and permits described in Section 4.3 above, Buyer shall be entitled to two (2) separate thirty (30) day extensions of the Contingency Period. Notice of the exercise of each of the extension periods shall be given by Buyer to Seller at least ten (10) days prior to the end of the initial Contingency Period or the first extension period, whichever is applicable.

Extension Periods. If Buyer has satisfied or waived the contingencies set forth in Sections 4.1 3.4 and 4.2 above 3.5 and is diligently pursuing the applicable required approvals and permits described set forth in Section 4.3 aboveSections 3.6 and 3.7, Buyer shall be entitled to allowed two (2) separate thirty (30) day extensions of the Contingency Period. Notice of the exercise exercising of each of the extension periods shall be given by Buyer to Seller at least ten (10) days prior to the end of the initial Contingency Period or the first applicable extension period, whichever is applicable.