Common use of ACQUISITION AND CONSTRUCTION OF THE PROJECT; ISSUANCE OF THE BONDS Clause in Contracts

ACQUISITION AND CONSTRUCTION OF THE PROJECT; ISSUANCE OF THE BONDS. Section 3.01 Agreement to Acquire, Construct, Improve and Equip the Project. The Company agrees to make or cause to be made all contracts and do or cause to be done all things necessary for the acquisition, construction, improving, and equipping of the Project. The Company further agrees that it will, or will cause a related entity to, acquire, construct, improve, and equip the Project with all reasonable dispatch and use its best efforts to cause acquisition, construction, improving, equipping, and occupancy of the Project to be completed by December 15, 2013, or as soon thereafter as may be practicable, delays caused by force majeure as defined in Section 8.01 hereof only excepted; but if for any reason such acquisition, construction, improving and equipping is not completed by said date there shall be no resulting liability on the part of the Company and no diminution in or postponement of the payments required in Section 4.02 hereof to be paid by the Company.

Appears in 4 contracts

Samples: Loan Agreement (Macquarie Infrastructure Corp), Loan Agreement (Macquarie Infrastructure Corp), Loan Agreement (Macquarie Infrastructure CO LLC)

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ACQUISITION AND CONSTRUCTION OF THE PROJECT; ISSUANCE OF THE BONDS. Section 3.01 3.1. Agreement to Acquire, Construct, Improve Furnish and Equip the Project. The Company agrees to make or cause to be made all contracts and do or cause to be done all things necessary for the acquisition, constructionrehabilitation, improving, furnishing and equipping of the Project, with or without advertising for bids. The Company further agrees that it willwill acquire the land, or will cause a related entity toconstruct the building, acquire, construct, improve, furnish and equip the Project with all reasonable dispatch and use its best efforts to cause acquisition, constructionrehabilitation, improvingfurnishing, equipping, equipping and occupancy of the Project to be completed by December 15October 1, 2013, 1997 or as soon thereafter as may be practicable, delays caused by force majeure as defined in Section 8.01 8.1 hereof only excepted; but if for any reason such acquisition, constructionrehabilitation, improving furnishing and equipping is not completed by said date there shall be no resulting liability on the part of the Company and no diminution in or postponement of the payments required in Section 4.02 4.2 hereof to be paid by the Company.

Appears in 1 contract

Samples: Loan Agreement (Tower Tech Inc)

ACQUISITION AND CONSTRUCTION OF THE PROJECT; ISSUANCE OF THE BONDS. Section 3.01 Agreement to Acquire, Construct, Improve and Equip the Project. The Company agrees to make or cause to be made all contracts and do or cause to be done all things necessary for the acquisition, construction, improving, and equipping of the Project. The Company further agrees that it will, or will cause a related entity to, acquire, construct, improve, and equip the Project with all reasonable dispatch and use its best efforts to cause acquisition, construction, improving, equipping, and occupancy of the Project to be completed by December 15August 25, 2013, or as soon thereafter as may be practicable, delays caused by force majeure as defined in Section 8.01 hereof only excepted; but if for any reason such acquisition, construction, improving and equipping is not completed by said date there shall be no resulting liability on the part of the Company and no diminution in or postponement of the payments required in Section 4.02 hereof to be paid by the Company.

Appears in 1 contract

Samples: Loan Agreement (Macquarie Infrastructure Corp)

ACQUISITION AND CONSTRUCTION OF THE PROJECT; ISSUANCE OF THE BONDS. Section 3.01 Agreement to Acquire, Construct, Improve and Equip the Project. The Company agrees to make or cause to be made all contracts and do or cause to be done all things necessary for the acquisition, construction, improving, and equipping of the Project. The Company further agrees that it will, or will cause a related entity to, acquire, construct, improve, and equip the Project with all reasonable dispatch and use its best efforts to cause acquisition, construction, improving, equipping, and occupancy of the Project. The Company expects the Project to be completed by December 1531, 20132008, or as soon thereafter as may be practicable, delays caused by force majeure as defined in Section 8.01 hereof only excepted; but if for any reason such acquisition, construction, improving and equipping is not completed by said date there shall be no resulting liability on the part of the Company and no diminution in or postponement of the payments required in Section 4.02 hereof to be paid by the Company.

Appears in 1 contract

Samples: Lease Agreement (Macquarie Infrastructure Corp)

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ACQUISITION AND CONSTRUCTION OF THE PROJECT; ISSUANCE OF THE BONDS. Section 3.01 Agreement to Acquire, Construct, Improve and Equip the Project. The Company agrees to make or cause to be made all contracts and do or cause to be done all things necessary for the acquisition, construction, improving, and equipping of the Project. The Company further agrees that it will, or will cause a related entity to, acquire, construct, improve, and equip the Project with all reasonable dispatch and use its best efforts to cause acquisition, construction, improving, equipping, and occupancy of the Project to be completed by December 15, 20132010, or as soon thereafter as may be practicable, delays caused by force majeure as defined in Section 8.01 hereof only excepted; but if for any reason such acquisition, construction, improving and equipping is not completed by said date there shall be no resulting liability on the part of the Company and no diminution in or postponement of the payments required in Section 4.02 hereof to be paid by the Company.

Appears in 1 contract

Samples: Loan Agreement (Macquarie Infrastructure Corp)

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