Common use of Outside Completion Date Clause in Contracts

Outside Completion Date. (a) In the event that the expansion project in respect of the Underground Mine is interrupted by events of Force Majeure, the Outside Completion Date shall be extended by a period equal to the number of consecutive days that such interruption continues, subject to a maximum extension of [REDACTED: Commercially Sensitive]. (b) The Seller shall have the option, exercisable on up to three separate occasions on or before the Outside Completion Date by providing written notice to the Purchaser (the “Extension Notice”) together with the applicable Extension Payment, to extend the Outside Completion Date by a number days up to the Available Extension in accordance with this Section 5.4(b). The Seller shall set out in any Extension Notice the number of days (up to the Available Extension) by which the Outside Completion Date will be extended (the “Extension Period”) and the Seller’s calculation of the Extension Payment. Each Extension Payment (if any) shall be calculated as follows: [REDACTED: Commercially Sensitive]