HandbookDates and deadlines
What is an outside date extension?
What it means and how to read it on a deal.
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Tracking Alpha
What it is
Whether, and on what trigger, the outside date can move later.
On the site asIf approvals are still pendingIf approvals are pending, among other triggersOn another trigger
How to read it
- If approvals are still pending
- It extends when a regulatory approval isn't in yet, or a law or order tied to those approvals blocks the deal.
- If approvals are pending, among other triggers
- It extends for pending approvals, and also on a broader trigger, typically any law or court order blocking the deal, on any grounds.
- On another trigger
- None of its triggers is a regulatory approval: for example a financing period, litigation or a party's choice.
This line counts the extension rights in the agreement. A new date both sides agree later changes the outside date itself.
