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, 2021. Subject to Unavoidable Delays, the Developer shall substantially complete the construction of the Minimum Improvements by December 31, 2022. All work with respect to the Minimum Improvements to be constructed or provided by the Developer on the Development Property shall be in conformity with the Construction Plans as submitted by the Developer and approved by the Authority. For purposes of this Agreement, construction shall be deemed to commence upon issuance of a building permit for construction of the Minimum Improvements. 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 development of the Development Property through the construction of the Minimum Improvements thereon, and that such construction shall in any event be commenced and completed within the period specified in this Section. After the date of this Agreement and until the Minimum Improvements have been fully 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.

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, 2021. Subject to Unavoidable Delays, the Developer shall substantially complete the construction of the Minimum Improvements by December 31, 20222018. All work with respect to the Minimum Improvements to be constructed or provided by the Developer on the Development Property shall be in conformity with the Construction Plans as submitted by the Developer and approved by the Authority. For purposes of this Agreement, construction shall be deemed to commence upon issuance of a building permit for construction of the Minimum Improvements. 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 development of the Development Property through the construction of the Minimum Improvements thereon, and that such construction shall in any event be commenced and completed within the period specified in this SectionSection 4.3. After Subsequent to conveyance of the date of this Agreement Development Property, or any part thereof, to the Developer, and until construction of the Minimum Improvements have has been fully constructedcompleted, 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.

Commencement and Completion of Construction. Subject to Unavoidable Delays, the Developer shall commence construction of the Minimum Improvements by December 31, 20211997. Subject to Unavoidable Delays, the Developer shall substantially complete the construction of the Minimum Improvements by December 31, 20221998. All work with respect to the Minimum Improvements to be constructed or provided 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. For purposes 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 this AgreementJanuary 2, construction 1998. Failure to complete the Minimum Improvements by such date shall not be deemed to commence upon issuance an Event of a building permit for construction Default hereunder, but such failure shall not relieve or alter the effective date of the Minimum Improvementsminimum market value set forth in the Assessment Agreement. 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 development redevelopment of the Development Property through the construction of the Minimum Improvements thereon, and that such construction shall in any event shall, subject to the terms of this Agreement, be commenced and completed within the period specified in this Section. After the date Section 4.3 of this Agreement Agreement. Subsequent to conveyance of the Development Property, or any part thereof, to the Developer, and until construction of the Minimum Improvements have has been fully constructedcompleted, 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.

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, 20212025. 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, 20222026. All work with respect to the Minimum Improvements to be constructed or provided by the Developer on the Development Property shall be in conformity substantial compliance with the Construction Plans in all material respects as submitted by the Developer and approved by the Authority. For purposes of this Agreement, commencement of construction shall be deemed to commence upon issuance mean completion of a building permit for construction site grading and commencement of foundation work on the Minimum ImprovementsDevelopment Property. 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 development of the Development Property through the construction of the Minimum Improvements thereon, and that such construction shall in any event be commenced and completed within the period specified in this Section. After the date Section 4.3 of this Agreement Agreement. Subsequent to conveyance of the Development Property, or any part thereof, to Developer, and until construction of the Minimum Improvements have has been fully constructedcompleted, 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.

Commencement and Completion of Construction. Subject to Unavoidable Delays, the Developer Redeveloper shall commence construction of the Minimum Improvements by December 31, 20212020. Subject to Unavoidable Delays, the Developer Redeveloper shall substantially complete the construction of the Minimum Improvements by December 31, 2022. All work with respect to the Minimum Improvements to be constructed or provided by the Developer Redeveloper on the Development Redevelopment Property shall be in conformity with the Construction Plans as submitted by the Developer Redeveloper and approved by the Authority. For purposes of this Agreement, construction shall be deemed to commence upon issuance the commencement of a building permit for environmental remediation activities necessary to carry out the construction of the Minimum Improvements. The Developer Redeveloper agrees for itself, its 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 development of the Development Redevelopment Property through the construction of the Minimum Improvements thereon, and that such construction shall in any event be commenced and completed within the period specified in this Section. After the date of this Agreement and until the Minimum Improvements have been fully 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.