Commencement and Completion of Project. Borrower shall cause Mortgagor to begin construction and installation of the improvements in connection with the Project on or before the commencement date set forth in the Senior Loan Documents and shall cause Mortgagor to prosecute such construction and installation with diligence so that the construction and Completion (as defined in the Completion Guaranty) of the Project (other than payment of claims that are being contested in accordance with the Loan Documents) shall have occurred by the completion deadline set forth in the Senior Loan Documents.
Commencement and Completion of Project. Borrower (i) has commenced and will hereafter cause to be prosecuted with diligence and continuity the permitting, site acquisition, component fabrication and purchase, construction of the Improvements, and the acquisition and installation of all equipment and other Property required for the Project, in accordance with the Construction Schedule, the Project Budget, and the Plans and Specifications; (ii) promptly correct or cause to be corrected any defect in the Property with respect to the Project, any material departure in the construction or installation of the Improvements and other Property with respect to the Project from the Plans and Specifications, governmental requirements, or any encroachment by any part of the Improvements or other Property with respect to the Project on any building line, easement, property line, or restricted area; (iii) cause the Project to be completed in good and workmanlike manner; and (iv) promptly notify Lenders of any lien filed by any Contractor, any subcontractor, supplier or laborer or of Borrower’s knowledge that any Contractor or any subcontractor, has failed to pay amounts due following the funding of any advance for the payment of same. Notwithstanding anything to the contrary in this Agreement, the Project (or either of Phase I or Phase II of the Project) or an Alternative Qualified Project shall not be deemed to have been fully completed in accordance with this Agreement (“Completion” or “Completion of the Project”) until all necessary certificates, licenses, consents and other approvals of Governmental Authorities have been issued or made with respect to the completion of the Project (or the applicable phase thereof), the Alternative Qualified Project, if applicable, and the operation of the Project or Alternative Qualified Project, as applicable. Borrower will use its best reasonable efforts to complete Phase I of the Project not later than the Scheduled Completion Date for Phase I and to complete Phase II of the Project not later than the Scheduled Completion Date of Phase II of the Project.
Commencement and Completion of Project. Unless otherwise extended in writing by OCII, and subject to Choice Requirements as applicable, Borrower must: (a) commence construction within 2 weeks of the Loan Closing Date; (b) complete demolition, rehabilitation or construction by October 31, 2018 (the "Completion Date"), in substantial accordance with the plans and specifications approved by OCII, as evidenced by a certificate of occupancy or equivalent certification provided by the City's Department of Building Inspection, and an architect's or engineer's certificate of completion; and (c) achieve occupancy of ninety five percent (95%) of the Units by March 31, 2019.
Commencement and Completion of Project. The Borrower will commence construction and equipping of the Improvements within [ ] ([ ]) days after the Closing Date, will diligently pursue construction and equipping of the Improvements, will attain Completion prior to the Completion Date, and will pay all sums and perform all such acts as may be necessary or appropriate to complete such construction and equipping, all as more fully set forth in the Construction Disbursement Agreement.
Commencement and Completion of Project. Borrowers shall cause Mortgagor to construct and install the improvements in connection with the Project with diligence so that the construction and Completion of the Project (other than payment of claims that are being contested in accordance with the Loan Documents) shall have occurred by December 31, 2007.
Commencement and Completion of Project. Unless otherwise extended in writing by the City, Borrower will: (a) commence demolition, rehabilitation or construction by a date no later than July 13, 2022; (b) complete demolition, rehabilitation or construction by a date no later than December 31, 2024, in accordance with the plans and specifications approved by the City, as evidenced by a certificate of occupancy or equivalent certification provided by the City's Department of Building Inspection, and an architect's or engineer's certificate of completion (the "Completion Date"); and (c) achieve occupancy of one hundred percent (100%) of the Units by a date no later than September 30, 2025.
Commencement and Completion of Project. This Project shall commence on 1 April 2002 and shall be completed on the Completion Date unless this Agreement is earlier determined as provided herein.
Commencement and Completion of Project. The Developer shall commence construction of the Project no later than 30 days after the Closing, and shall complete the Project (as evidenced by the issuance of the Certificate of Completion) no later than eighteen (18) months after the commencement of construction; provided, however, DPD, in its sole discretion, may extend the construction commencement and completion dates. The Developer shall give written notice to the City within five (5) days after it commences construction. The Developer shall construct the Project in accordance with this Agreement, the Final Plans, the Budget, and all applicable Laws and covenants and restrictions of record.
Commencement and Completion of Project. Unless otherwise extended in writing by OCII, Borrower must: (a) commence construction within 2 weeks of the Loan Closing Date
Commencement and Completion of Project. Issuance of the Bond; Compliance with Laws; Lessee's Acceptance; Permitted Contests; Assignment of Lessor's Rights..................... 5
