Common use of Completion Deadline Clause in Contracts

Completion Deadline. If at any time the Lender shall, in its sole judgment, estimate and give notice to the Lessee that substantial completion of any Construction will not occur on or before the Completion Deadline, then neither the Lender nor the Lessor shall have any obligation to make further Advances until such time as the Lessee shall have delivered to the Lender evidence satisfactory to Lender that substantial completion of all Improvements will occur on or before the Completion Deadline;

Completion Deadline. If at any time the Lender shall, in its sole judgment, estimate and give notice to the Lessee that substantial completion of any the Construction will not occur on or before the Completion Deadline, then neither the Lender nor the Lessor shall have any obligation to make further Advances until such time as the Lessee shall have delivered to the Lender evidence satisfactory to Lender that substantial completion of all the Improvements will occur on or before the Completion Deadline;