Common use of Commencement and Completion of Project Clause in Contracts

Commencement and Completion of Project. Unless otherwise extended in writing by OCII, Borrower must: (a) commence construction of Phase IIA(1) infrastructure by December 31, 2014; (b) complete construction of Phase IIA(1) by March 1, 2017 (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 percent (90%) of the Units by October 1, 2017.

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 Phase IIA(1) infrastructure by December 31, 2014the Loan Closing Date; (b) complete demolition, rehabilitation or construction of Phase IIA(1) by March 1October 31, 2017 2018 (the “"Completion Date”"), in substantial accordance with the plans and specifications approved by OCII, as evidenced by a certificate of occupancy, 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 ninety five percent (9095%) of the Units by October 1March 31, 20172019.

Commencement and Completion of Project. Unless otherwise extended in writing by OCII, Borrower must: (a) commence construction of Phase IIA(1) infrastructure by December 31XX, 20140000; (b) complete demolition, rehabilitation or construction of Phase IIA(1) by March 1January 15, 2017 2022 (the “"Completion Date”"), in substantial accordance with the plans and specifications approved by OCII, as evidenced by a temporary certificate of occupancy, 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 (9095%) of the Units by October April 1, 20172022.

Commencement and Completion of Project. Unless otherwise extended in writing by OCII, Borrower must: (a) commence construction of Phase IIA(1) infrastructure by December 31October 1, 20142016; (b) complete demolition, rehabilitation or construction of Phase IIA(1) by March January 1, 2017 2019 (the “"Completion Date”"), in substantial accordance with the plans and specifications approved by OCII, as evidenced by a temporary certificate of occupancy, 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 (9095%) of the Units by October June 1, 20172019.