Common use of Commencement and Completion Clause in Contracts

Commencement and Completion. Borrower will cause the construction of the Improvements to commence by the Commencement Date and to be prosecuted with diligence and continuity and will complete the same in all material respects in accordance with the Plans and Specifications for the Improvements on or before the Completion Date and within the Budget (subject to any increases in the Budget funded by additional equity contributed by Borrower or Guarantor), free and clear of liens or claims for liens for material supplied and for labor services performed in connection with the construction of the Improvements.

Commencement and Completion. Borrower will cause the construction of the Improvements to commence by the Commencement Date and to be prosecuted with diligence and continuity and will complete the same in all material respects in accordance with the Plans and Specifications for the Improvements on or before the Completion Date and within the Budget (subject to any increases in the Budget funded by additional equity contributed by Borrower or Guarantor)Date, free and clear of liens or claims for liens for material supplied and for labor services performed in connection with the construction of the Improvements. Without limiting the foregoing, on or before the Completion Date Borrower shall have fully satisfied the requirements of Section 3.4 hereof.

Commencement and Completion. Borrower will cause the construction of ---------------------------- the Improvements to commence by the Commencement Date and to be prosecuted with diligence and continuity and will complete the same in all material respects in accordance with the Plans and Specifications for such that the Completion of the Improvements occurs on or before the Completion Date and within the Budget (subject to any increases in the Budget funded by additional equity contributed by Borrower or Guarantor)Date, free and clear of liens or claims for liens for material supplied and for labor and services performed in connection with the construction of the Improvements.