Common use of Project Delays Clause in Contracts

Project Delays. Each Party shall promptly communicate to the other Party any and all difficulties that might materially affect the timely completion of any milestone set forth in the relevant SOW and where possible estimate the probable or actual impact to the aforesaid milestone resulting from such difficulties, and any actions which might favorably resolve such difficulties. To the extent the completion of any activity defined in an SOW and required to be performed by either Party is delayed by such Party, there shall be an extension equal to such delay in the target completion dates of all subsequent dependent activities set forth in the SOW; provided, however, that each Party shall use commercially reasonable efforts to meet Project milestones.

Appears in 2 contracts

Sources: Development Agreement, Development Agreement (Apogee Technology Inc)