Commencement and Completion Schedule. The Redeveloper agrees to Commence Construction and diligently Complete Construction of the Project, and failure to do so shall be a Default by Redeveloper. Subject to the provisions of this Agreement with respect to Force Majeure and the applicable provisions of Section 5.2, if any, any material change in the scope of the Project (including changes in the Project budget if relevant to the calculation of the PILOT), changes or updates to the Project Schedule, or extension of the projected Completion Date, shall require the Township’s prior written approval, which the Township will not unreasonably withhold. Redeveloper agrees to simultaneously provide to the Township copies of all project pro formas, Project Schedules and budgets that Redeveloper submits to actual or potential lenders or investors in connection with the financing of the Project, to the extent that they are materially different from those previously supplied to the Township by Redeveloper. The Redeveloper understands that absent extraordinary and unforeseeable circumstances the Township will require Redeveloper’s adherence to the schedule for Commencement of Construction and Completion of Construction, interim deadlines or milestones and time periods for the various activities and actions to be taken by the Redeveloper hereunder, subject only to the occurrence of a Force Majeure Event.
Commencement and Completion Schedule. Unless otherwise tolled or adjusted as provided for in this Agreement, the Redeveloper agrees to Commence Construction and diligently Complete Construction of the Phase 1 Project in accordance with the Construction Schedule attached hereto as Exhibit D, and failure to do so shall be a Default by Redeveloper. Subject to the provisions of this Agreement, any material change in the scope of the Phase 1 Project (including changes in the Phase 1 Project budget if relevant to the calculation of the PILOT, as defined below), changes or updates to the Construction Schedule, or extension of the projected Completion Date, shall require the Township’s prior written approval, which the Township will not unreasonably withhold. Redeveloper agrees to simultaneously provide to the Township copies of all project pro formas, construction schedules and budgets that Redeveloper submits to actual or potential lenders or investors in connection with the financing of the Phase 1 Project, provided however, the Redeveloper shall not be required to provide such information, such as projected rents or operating expenses related to the Phase 1 Project, to the extent that the disclosure of such information would cause a competitive disadvantage to the Redeveloper or otherwise hinder the ability to lease any or all of the Phase 1 Project, in the Redeveloper’s reasonable determination. Notwithstanding the provisions set forth in the preceding sentence, however, Redeveloper shall have the obligation to provide to the Township all financial information (including, without limitation, rent and operating expense information) that the Township may deem necessary, in its sole discretion, to undertake necessary due diligence, reviews and calculations, to evaluate Redeveloper's performance of its obligations, and to otherwise preserve or enforce its rights under the provisions of law, including the Tax Exemption Act and the Redevelopment Area Bond Financing Law, and shall submit to the Township any financial information which materially differs from the information set forth in the application for long term tax exemption submitted to the Township by GP 177 on March 18, 2008, as updated and supplemented on January 30, 2009 and January 18, 2012; and as updated and supplemented by Redeveloper on July 15, 2015. The Redeveloper understands that the Township will require Redeveloper’s adherence to the schedule for Commencement of Construction and Completion of Construction, interim deadlines or miles...
Commencement and Completion Schedule. 5.01 The Work under Phase 1 shall be started by the date specified in the Notice to Proceed for Phase 1 and shall be completed by the Phase 1 Key Completion Times in Exhibit A.
5.02 Any Work under Phase 2 shall be started by the date specified in the Notice to Proceed for Phase 2 and shall be completed by the Phase 2 Key Completion Times in Exhibit A.
5.03 Contractor shall strictly adhere to the CPM Schedule in accordance with the Key Completion Times. Contractor shall not, however, proceed from Phase 1 to Phase 2 without a fully executed Phase 2 Work and Pricing Amendment.
5.04 The terms and conditions regarding liquidated damages, if any, shall be as set forth in Exhibit A. Article VI
Commencement and Completion Schedule.
4.01 The Contract Time shall commence to run on the date specified in the Notice to Proceed and the Work shall be complete on or before each Key Completion Time specified in Exhibit A.
Commencement and Completion Schedule.
4.01 The Work shall be started by the date specified in the Notice to Proceed and shall be completed prior to the time indicated for Final Completion in Exhibit A.
4.02 The terms and conditions regarding liquidated damages, if any, shall be as set forth in Exhibit A. Article V
