Common use of Permitted Extensions Clause in Contracts

Permitted Extensions. The Permitted Extensions to the Guaranteed Commercial Operation Date are as follows: Permitting Delay. The Guaranteed Commercial Operation Date may be extended on a day for day basis if Seller has used commercially reasonable efforts (including Seller’s timely filing of required documents and payment of all applicable fees) to obtain permits necessary for the construction and operation of the Project, but is unable to obtain such permits and Seller has worked diligently to resolve the delay (“Permitting Delay”);