Common use of Commencement and Completion of Construction Clause in Contracts

Commencement and Completion of Construction. Subject to Unavoidable Delays, the Developer shall commence construction of the Minimum Improvements by December 31, 1997. Subject to Unavoidable Delays, the Developer shall complete the construction of the Minimum Improvements by December 31, 1998. All work with respect to the Minimum Improvements to be constructed or provide by the Developer on the Development Property shall be in substantial conformity with the Construction Plans as submitted by the Developer and approved by the Authority. The parties agree and understand that, notwithstanding the completion date for the Minimum Improvements set forth in this Section, the minimum market value for the Minimum Improvements and the Development Property described in Section 6.3 hereof and the Assessment Agreement will be effective as of January 2, 1998. Failure to complete the Minimum Improvements by such date shall not be an Event of Default hereunder, but such failure shall not relieve or alter the effective date of the minimum market value set forth in the Assessment Agreement. The Developer agrees for itself, its successors and assigns, and every successor in interest to the Development Property, or any part thereof, that the Developer, and such successors and assigns, shall begin and diligently prosecute to completion the redevelopment of the Development Property through the construction of the Minimum Improvements thereon, and that such construction shall, subject to the terms of this Agreement, be commenced and completed within the period specified in this Section 4.3 of this Agreement. Subsequent to conveyance of the Development Property, or any part thereof, to the Developer, and until construction of the Minimum Improvements has been completed, the Developer shall make reports, in such detail and at such times as may reasonably be requested by the Authority, as to the actual progress of the Developer with respect to such construction.

Commencement and Completion of Construction. Subject to Unavoidable Delays, and Developer’s acquisition of fee title to the Development Property, Developer shall must commence construction of the Minimum Improvements by December 31September 1, 19972025. Subject to Unavoidable Delays, the Developer shall must substantially complete or cause to be substantially completed the construction of the Minimum Improvements by December March 31, 19982026. All work with respect to the Minimum Improvements to be constructed or provide provided by the Developer on the Development Property shall be in substantial conformity compliance with the Construction Plans in all material respects as submitted by the Developer and approved by the Authority. The parties agree For purposes of this Agreement, commencement of construction shall mean completion of site grading and understand that, notwithstanding the completion date for the Minimum Improvements set forth in this Section, the minimum market value for the Minimum Improvements and commencement of foundation work on the Development Property described in Section 6.3 hereof and the Assessment Agreement will be effective as of January 2, 1998Property. Failure to complete the Minimum Improvements by such date shall not be an Event of Default hereunder, but such failure shall not relieve or alter the effective date of the minimum market value set forth in the Assessment Agreement. The Developer agrees for itself, its successors and assigns, and every successor in interest to the Development Property, or any part thereof, that the Developer, and such successors and assigns, shall promptly begin and diligently prosecute to completion the redevelopment development of the Development Property through the construction of the Minimum Improvements thereon, and that such construction shall, subject to the terms of this Agreement, shall in any event be commenced and completed within the period specified in this Section 4.3 of this Agreement. Subsequent to conveyance of the Development Property, or any part thereof, to the Developer, and until construction of the Minimum Improvements has been completed, the Developer shall make reports, in such detail and at such times as may reasonably be requested by the Authority, as to the actual progress of the Developer with respect to such construction.

Commencement and Completion of Construction. Subject to Unavoidable Delays, the Developer Redeveloper shall commence construction of the Minimum Improvements by December 31, 19972020. Subject to Unavoidable Delays, the Developer Redeveloper shall substantially complete the construction of the Minimum Improvements by December 31, 19982022. All work with respect to the Minimum Improvements to be constructed or provide provided by the Developer Redeveloper on the Development Redevelopment Property shall be in substantial conformity with the Construction Plans as submitted by the Developer Redeveloper and approved by the Authority. The parties agree and understand thatFor purposes of this Agreement, notwithstanding construction shall be deemed to commence upon the completion date for commencement of environmental remediation activities necessary to carry out the construction of the Minimum Improvements set forth in this Section, the minimum market value for the Minimum Improvements and the Development Property described in Section 6.3 hereof and the Assessment Agreement will be effective as of January 2, 1998. Failure to complete the Minimum Improvements by such date shall not be an Event of Default hereunder, but such failure shall not relieve or alter the effective date of the minimum market value set forth in the Assessment AgreementImprovements. The Developer Redeveloper agrees for itself, its successors successors, and assigns, and every successor in interest to the Development Redevelopment Property, or any part thereof, that the DeveloperRedeveloper, and such successors and assigns, shall promptly begin and diligently prosecute to completion the redevelopment development of the Development Redevelopment Property through the construction of the Minimum Improvements thereon, and that such construction shall, subject to the terms of this Agreement, shall in any event be commenced and completed within the period specified in this Section 4.3 Section. After the date of this Agreement. Subsequent to conveyance of the Development Property, or any part thereof, to the Developer, Agreement and until construction of the Minimum Improvements has have been completedfully constructed, the Developer Redeveloper shall make reports, in such detail and at such times as may reasonably be requested by the Authority, but no more than monthly, as to the actual progress of the Developer Redeveloper with respect to such construction.

Commencement and Completion of Construction. Subject to Unavoidable Delays, the Developer shall must commence construction of the Minimum Improvements by no later than October 1, 2017. Subject to Unavoidable Delays, the Developer must substantially complete construction of the Minimum Improvements by December 31, 1997. Subject to Unavoidable Delays, the Developer shall complete the construction of the Minimum Improvements by December 31, 19982018. All work with respect to the Minimum Improvements to be constructed or provide provided by the Developer on the Development Property shall be in substantial conformity with the Construction Plans as submitted by the Developer and approved by the Authority. The parties agree and understand that, notwithstanding the completion date for the Minimum Improvements set forth in this Section, the minimum market value for the Minimum Improvements and the Development Property described in Section 6.3 hereof and the Assessment Agreement will be effective as of January 2, 1998. Failure to complete the Minimum Improvements by such date shall not be an Event of Default hereunder, but such failure shall not relieve or alter the effective date of the minimum market value set forth in the Assessment Agreement. The Developer agrees for itself, its successors and assigns, and every successor in interest to the Development Property, or any part thereof, that the Developer, and such successors and assigns, shall promptly begin and diligently prosecute to completion the redevelopment development of the Development Property through the construction of the Minimum Improvements thereon, and that such construction shall, subject to the terms of this Agreement, shall in any event be commenced and completed within the period specified in this Section 4.3 of this Agreement4.3. Subsequent to conveyance of the Development Property, or any part thereof, to the Developer, and until construction of the Minimum Improvements has been completed, the Developer shall make reports, in such detail and at such times as may reasonably be requested by the Authority, as to the actual progress of the Developer with respect to such construction.

Commencement and Completion of Construction. Subject to Unavoidable Delays, the Developer shall commence construction of the Minimum Improvements by December 31, 19972021. Subject to Unavoidable Delays, the Developer shall substantially complete the construction of the Minimum Improvements by December 31, 19982022. All work with respect to the Minimum Improvements to be constructed or provide provided by the Developer on the Development Property shall be in substantial conformity with the Construction Plans as submitted by the Developer and approved by the Authority. The parties agree and understand thatFor purposes of this Agreement, notwithstanding the completion date construction shall be deemed to commence upon issuance of a building permit for construction of the Minimum Improvements set forth in this Section, the minimum market value for the Minimum Improvements and the Development Property described in Section 6.3 hereof and the Assessment Agreement will be effective as of January 2, 1998. Failure to complete the Minimum Improvements by such date shall not be an Event of Default hereunder, but such failure shall not relieve or alter the effective date of the minimum market value set forth in the Assessment AgreementImprovements. The Developer agrees for itself, its successors successors, and assigns, and every successor in interest to the Development Property, or any part thereof, that the Developer, and such successors and assigns, shall promptly begin and diligently prosecute to completion the redevelopment development of the Development Property through the construction of the Minimum Improvements thereon, and that such construction shall, subject to the terms of this Agreement, shall in any event be commenced and completed within the period specified in this Section 4.3 Section. After the date of this Agreement. Subsequent to conveyance of the Development Property, or any part thereof, to the Developer, Agreement and until construction of the Minimum Improvements has have been completedfully constructed, the Developer shall make reports, in such detail and at such times as may reasonably be requested by the Authority, but no more than monthly, as to the actual progress of the Developer with respect to such construction.