BUILDING PERIOD Sample Clauses

BUILDING PERIOD. The period for each New Development or each Housing Unit commencing on the date specified in the Initial Certificate issued by the Underwriter and ending on the date of completion noted on the Certificate of Approval for the final Housing Unit to be completed at the New Development.
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BUILDING PERIOD. 14.1 The parties agree that the Seller shall be entitled to procure that in addition to all other conditions of title and/or subdivision referred to above, the following conditions of title inter alia be inserted in the deed of transfer in terms of which the Purchaser takes title to the Property: “The transferee or its successors in title or assigns to the within mentioned property is obliged to commence 14.2 In the event of the Registrar of Deeds requiring the amendment of the conditions in clause 14.1 above in any manner in order to affect registration of same, the Purchaser hereby agrees to such amendment.
Sample 1
BUILDING PERIOD. 14.1 The parties agree that the Seller shall be entitled to procure that in addition to all other conditions of title and/or subdivision referred to above, the following conditions of title inter alia be inserted in the deed of transfer in terms of which the Purchaser takes title to the Property: “The transferee or its successors in title or assigns to the within mentioned property is obliged to commence construction of improvements constituting a dwelling house within 1 (one) year from the date of registration of transfer from the township developer to the initial purchaser thereof and to complete the erection of improvements constituting a dwelling house on the property within 2 (two) years from the date of registration of transfer from the township developer to the initial purchaser thereof. Should the transferee or its successor in title or assigns fail to commence and/or complete the aforementioned dwelling house within the aforesaid time period, the transferee or its successor in title or assigns shall no longer benefit from the reduced levy presently applicable to this property as per special resolution and in addition to any other levies payable to the Beau Rivage Home Owners Association, become 14.2 In the event of the Registrar of Deeds requiring the amendment of the conditions in clause 14.1 above in any manner in order to affect registration of same, the Purchaser hereby agrees to such amendment.
Sample 1
BUILDING PERIOD. 4.1 No building shall take place between 15 December of any year and 15 January of the following year 4.2 The normal build period is 9 months, excluding the close down period identified in 4.1. Fines may be imposed if construction to hand over takes longer than this.
Sample 1
BUILDING PERIOD. 4.1 The Directors may within their sole and absolute discretion from time to time impose the contribution of additional levies upon members who have not commenced building a residential dwelling on their freehold residential xxxxx as per the Memorandum of Incorporation and Company’s rules within a period of 12 (twelve) months from date of transfer from the developer and completed the residential dwelling as per the Memorandum of Incorporation and Company’s rules within 18 (eighteen) months of building activities commencing. 4.2 Members in breach of this provision shall be liable to contribute monthly, from date of non-compliance until date of the full compliance, an additional monthly levy equivalent to the monthly levy payable by the member to the Company determined in terms of paragraph 7 of the Memorandum of Incorporation for the first year following non-compliance, three times an additional monthly levy equivalent to the monthly levy payable by the member to the Company determined in terms of paragraph 7 of the Memorandum of Incorporation in the second year and subsequent years following non-compliance until building commences and is completed as per the Memorandum of Incorporation and rules of the Company.
Sample 1

Related to BUILDING PERIOD

  • Lease Term The terms and provisions of this Lease shall be effective as of the date of this Lease. The term of this Lease (the “Lease Term”) shall commence on the “Lease Commencement Date,” as that term is set forth in Section 3.2 of the Summary, and shall terminate on the “Lease Expiration Date,” as that term is set forth in Section 3.3 of the Summary, unless this Lease is sooner terminated as hereinafter provided. Tenant hereby acknowledges that the Premises are currently occupied by another tenant of the Building. If Landlord is unable for any reason to deliver possession of the Premises to Tenant on any specific date , then Landlord shall not be subject to any liability for its failure to do so, and such failure shall not affect the validity of this Lease or the obligations of Tenant hereunder. For purposes of this Lease, the term “Lease Year” shall mean each consecutive twelve (12) month period during the Lease Term. At any time during the Lease Term, Landlord may deliver to Tenant a notice in the form as set forth in Exhibit C, attached hereto, as a confirmation only of the information set forth therein, which Tenant shall execute and return to Landlord within ten (10) business days of receipt thereof; provided, however, Tenant’s failure to execute and return such notice to Landlord within such time shall be conclusive upon Tenant that the information set forth in such notice is as specified therein. In addition to the foregoing, subject to any delays caused by Tenant or any Tenant Parties and events of Force Majeure, if Landlord fails to tender possession of the Premises to Tenant on or before January 2, 2015 (the “Base Rent Delivery Date”), Tenant shall be entitled to one (1) day of per diem Base Rent abatement for each day commencing on the day after the Base Rent Delivery Date and ending on the date Landlord so tenders possession of the Premises to Tenant. Any such Base Rent Abatement shall be separate from and in addition to any Rent Abatement described in Section 3.2 below.

  • Vacating Premises (i) If the Assuming Bank elects not to purchase any owned Bank Premises, the notice of such election in accordance with Section 4.6(a) shall specify the date upon which the Assuming Bank's occupancy of such premises shall terminate, which date shall not be later than ninety (90) days after the date of the Assuming Bank's notice not to exercise such option. The Assuming Bank promptly shall relinquish and release to the Receiver such premises and the Furniture and Equipment and Fixtures located thereon in the same condition as at Bank Closing, normal wear and tear excepted. By occupying any such premises after the expiration of such ninety (90)-day period, the Assuming Bank shall, at the Receiver's option, (x) be deemed to have agreed to purchase such Bank Premises, and to assume all leases, obligations and liabilities with respect to leased Furniture and Equipment and leased Fixtures located thereon and any ground lease with respect to the land on which such premises are located, and (y) be required to purchase all Furniture and Equipment and Fixtures owned by the Failed Bank and located on such premises as of Bank Closing. (ii) If the Assuming Bank elects not to accept an assignment of the lease or sublease any leased Bank Premises, the notice of such election in accordance with Section 4.6(b) shall specify the date upon which the Assuming Bank's occupancy of such leased Bank Premises shall terminate, which date shall not be later than the date which is one hundred eighty (180) days after Bank Closing. Upon vacating such premises, the Assuming Bank shall relinquish and release to the Receiver such premises and the Fixtures and the Furniture and Equipment located thereon in the same condition as at Bank Closing, normal wear and tear excepted. By failing to provide notice of its intention to vacate such premises prior to the expiration of the option period specified in Section 4.6(b), or by occupying such premises after the one hundred eighty (180)- day period specified above in this paragraph (ii), the Assuming Bank shall, at the Receiver's option, (x) be deemed to have assumed all leases, obligations and liabilities with respect to such premises (including any ground lease with respect to the land on which premises are located), and leased Furniture and Equipment and leased Fixtures located thereon in accordance with this Section 4.6 (unless the Receiver previously repudiated any such lease), and (y) be required to purchase all Furniture and Equipment and Fixtures owned by the Failed Bank at Fair Market Value and located on such premises as of Bank Closing.

  • Commencement Date The Subcontractor shall be permitted to begin the Services on ______________________, 20____ (“Commencement Date”).

  • Work Year The full-time work year for all employees employed in EA and ECE job classes shall be a minimum of 194 work days to correspond with the school year calendar.

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