Common use of Cessation of Construction Clause in Contracts

Cessation of Construction. Cessation of the work of construction prior to the Completion of the Facility for a continuous period of 20 days or more (except to the extent due to Force Majeure Causes); or the obtaining by any Person of any order or decree in any court of competent jurisdiction enjoining the construction of any part of the Facility which order or decree is not vacated within 30 days after the granting of such order or decree;

Appears in 4 contracts

Samples: Loan and Security Agreement (Varian Medical Systems Inc), Loan and Security Agreement (Varian Medical Systems Inc), Loan and Security Agreement (Varian Medical Systems Inc)

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Cessation of Construction. Cessation of the work of construction prior to the Completion completion of the Facility Improvements for a continuous period of 20 thirty (30) days or more (except to the extent due to as a result of Force Majeure Causes); or the obtaining by any Person of any order or decree in any court of competent jurisdiction enjoining the construction of any part of the Facility Improvements which order or decree is not vacated within 30 thirty (30) days after the granting of such order or decree;

Appears in 1 contract

Samples: Construction Loan and Security Agreement (Global Growth Trust, Inc.)

Cessation of Construction. Cessation of the work of construction prior to the Completion completion of the Facility Improvements for a continuous period of 20 thirty (30) days or more (except to the extent due to as a result of Force Majeure Causes); , or the obtaining by any Person of any order or decree in any court of competent jurisdiction enjoining the construction of any part of the Facility Improvements which order or decree is not vacated within 30 thirty (30) days after the granting of such order or decree;

Appears in 1 contract

Samples: Construction Loan Agreement (Indus Realty Trust, Inc.)

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Cessation of Construction. Cessation of the work of construction prior to the Completion completion of the Facility Improvements for a continuous period of 20 thirty (30) days or more (except to the extent due to as a result of Force Majeure Causes)Majeure; or the obtaining by any Person of any order or decree in any court of competent jurisdiction enjoining the construction of any part of the Facility Improvements which order or decree is not vacated within 30 thirty (30) days after the granting of such order or decree;; or

Appears in 1 contract

Samples: Loan Agreement (CNL Growth Properties, Inc.)

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