Common use of Compensation Events Clause in Contracts

Compensation Events. 12.2.1 If, as a direct result of the occurrence of a Compensation Event, Developer becomes aware that the Compensation Event has caused or is likely to cause Developer (or, solely with respect to Section 12.2.1.6, Borrower) to: 12.2.1.1 fail to commence the Construction Work by the Construction Commencement Deadline or (following the Construction Commencement Deadline) suffer further delay in the commencement of the Construction Work; and/or 12.2.1.2 fail to achieve Substantial Completion by the Original Substantial Completion Deadline or (following the Original Substantial Completion Deadline) suffer further delay in the achievement of Substantial Completion; and/or 12.2.1.3 fail to achieve Final Acceptance by the Original Final Acceptance Deadline or (following the Original Final Acceptance Deadline) suffer further delay in the achievement of Final Acceptance; and/or 12.2.1. 4 fail to achieve D&C Work Completion by the Original D&C Work Completion Deadline or (following the D&C Work Completion Deadline) suffer further delay in the achievement of D&C Work Completion; and/or