Common use of Construction Period Clause in Contracts

Construction Period. During the construction period, Redeveloper agrees to keep the construction area, including completed operations insured against loss or damage by fire, and such other risks, casualties, and hazards as are customarily covered by builders’ risk or extended coverage policies in an amount not less than the replacement value but allowing for reasonable coinsurance clauses and deductibles. In the event of any insured damage or destruction, Redeveloper agrees to use its good faith efforts to commence restoration of the Private Improvements to its prior condition within nine (9) months from the date of the damage or destruction, and shall diligently pursue the same to completion.

Appears in 7 contracts

Samples: Redevelopment Agreement, Redevelopment Agreement, Redevelopment Agreement

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Construction Period. During the construction period, Redeveloper agrees to keep the construction area, including completed operations operations, insured against loss or damage by fire, and other such other risks, casualties, and hazards as are customarily covered by builders’ risk or extended coverage policies in an amount not less than the replacement value but allowing for reasonable coinsurance clauses and deductibles. In the event of any insured damage or destruction, Redeveloper agrees to use its good faith efforts to commence restoration of the Private Redeveloper Improvements to its prior condition within nine eighteen (918) months from the date of the damage or destruction, and shall diligently pursue the same to completion.

Appears in 6 contracts

Samples: Redevelopment Agreement, Redevelopment Agreement, Redevelopment Agreement

Construction Period. During the construction period, Redeveloper agrees to keep the construction area, including completed operations insured against loss or damage by fire, and such other risks, casualties, and hazards as are customarily covered by builders’ risk or extended coverage policies in an amount not less than the replacement value but allowing for reasonable coinsurance clauses and deductibles. In the event of any insured damage or destruction, Redeveloper agrees to use its good faith efforts to commence restoration of the Private Improvements to its prior condition within nine (9) months from the date of the damage or destruction, destruction and shall diligently pursue the same to completion.

Appears in 5 contracts

Samples: Redevelopment Agreement, Redevelopment Agreement, Redevelopment Agreement

Construction Period. During the construction period, Redeveloper agrees to keep the construction area, including completed operations operations, insured against loss or damage by fire, and other such other risks, casualties, and hazards as are customarily covered by builders’ risk or extended coverage policies in an amount not less than the replacement value but allowing for reasonable coinsurance clauses and deductibles. In the event of any insured damage or destruction, Redeveloper agrees to use its good faith efforts to commence restoration of the Private Improvements to its prior condition within nine eighteen (918) months from the date of the damage or destruction, destruction and shall diligently pursue the same to completion.

Appears in 4 contracts

Samples: Redevelopment Agreement, Redevelopment Agreement, Redevelopment Agreement

Construction Period. During the construction periodperiod for the Private Improvements, Redeveloper agrees to keep the construction area, including completed operations insured against loss or damage by fire, and such other risks, casualties, and hazards as are customarily covered by builders’ risk or extended coverage policies in an amount not less than the replacement value but allowing for reasonable coinsurance clauses and deductibles. In the event of any insured damage or destruction, Redeveloper agrees to use its good faith efforts to commence restoration of the applicable Private Improvements to its prior condition within nine twelve (912) months from the date of the damage or destruction, and shall diligently pursue the same to completion.

Appears in 4 contracts

Samples: Redevelopment Agreement, Redevelopment Agreement, Redevelopment Agreement

Construction Period. During the construction period, Redeveloper agrees to keep the construction area, including completed operations operations, insured against loss or damage by fire, and other such other risks, casualties, and hazards as are customarily covered by builders’ risk or extended coverage policies in an amount not less than the replacement value but allowing for reasonable coinsurance clauses and deductibles. In the event of any insured damage or destruction, Redeveloper agrees to use its good faith efforts to commence restoration of the Private Improvements to its prior condition within nine eighteen (918) months from the date of the damage or destruction, and shall diligently pursue the same to completion.

Appears in 4 contracts

Samples: Redevelopment Agreement, Redevelopment Agreement, Redevelopment Agreement

Construction Period. During the construction periodperiod for the New Building, Redeveloper agrees to keep the construction area, including completed operations insured against loss or damage by fire, and such other risks, casualties, and hazards as are customarily covered by builders’ risk or extended coverage policies in an amount not less than the replacement value but allowing for reasonable coinsurance clauses and deductibles. In the event of any insured damage or destruction, Redeveloper agrees to use its good faith efforts to commence restoration of the Private Improvements New Building to its prior condition within nine (9) months from the date of the damage or destruction, and shall diligently pursue the same to completion.

Appears in 3 contracts

Samples: Redevelopment Agreement, Redevelopment Agreement, Redevelopment Agreement

Construction Period. During the construction period, Redeveloper agrees to keep the construction area, including completed operations insured against loss or damage by fire, and such other risks, casualties, and hazards as are customarily covered by builders’ risk or extended coverage policies in an amount not less than the replacement value but allowing for reasonable coinsurance clauses and deductibles. In the event of any insured damage or destruction, Redeveloper agrees to use its good faith efforts to commence restoration of the Private Redeveloper Improvements to its prior condition within nine (9) months from the date of the damage or destruction, destruction and shall diligently pursue the same to completion.

Appears in 2 contracts

Samples: Redevelopment Agreement, Redevelopment Agreement

Construction Period. During the construction period, Redeveloper agrees to keep the construction area, including completed operations operations, insured against loss or damage by fire, and other such other risks, casualties, and hazards as are customarily covered by builders’ risk or extended coverage policies in an amount not less than the replacement value but allowing for reasonable coinsurance clauses and deductibles. In the event of any insured damage or destruction, Redeveloper agrees to use its good faith efforts to commence restoration of the Private Redeveloper Improvements to its prior condition within nine eighteen (918) months from the date of the damage or destruction, destruction and shall diligently pursue the same to completion.

Appears in 2 contracts

Samples: Redevelopment Agreement, Redevelopment Agreement

Construction Period. During the construction period, Redeveloper agrees to keep the construction area, including completed operations operations, insured against loss or damage by fire, and other such other risks, casualties, and hazards as are customarily covered by builders’ risk or extended coverage policies in an amount not less than the replacement value but allowing for reasonable coinsurance clauses and deductibles. In the event of any insured damage or destruction, Redeveloper agrees to use its good faith efforts to commence restoration of the Private Redeveloper Improvements to its prior condition within nine (9) months from the date of the damage or destruction, and shall diligently pursue the same to completion.

Appears in 1 contract

Samples: Redevelopment Agreement

Construction Period. During the construction periodperiod for the New Building, Redeveloper agrees to keep the construction area, including completed operations insured against loss or damage by fire, and such other risks, casualties, and hazards as are customarily covered by builders’ risk or extended coverage policies in an amount not less than the replacement value but allowing for reasonable coinsurance clauses and deductibles. In the event of any insured damage or destruction, Redeveloper agrees to use its good faith efforts to commence restoration of the Private Improvements applicable New Building to its prior condition within nine twelve (912) months from the date of the damage or destruction, and shall diligently pursue the same to completion.

Appears in 1 contract

Samples: Redevelopment Agreement

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Construction Period. During the construction period, Redeveloper agrees to keep the construction area, including completed operations operations, insured against loss or damage by fire, and other such other risks, casualties, and hazards as are customarily covered by builders’ risk or extended coverage policies in an amount not less than the replacement value but allowing for reasonable coinsurance clauses and deductibles. In the event of any insured damage or destruction, Redeveloper agrees to use its good faith efforts to commence restoration of the Private Improvements to its prior condition within nine (9) months from the date of the damage or destruction, and shall diligently pursue the same to completion.

Appears in 1 contract

Samples: Redevelopment Agreement

Construction Period. During the construction periodperiod for the New Building, Redeveloper agrees to keep the construction area, including completed operations insured against loss or damage by fire, and such other risks, casualties, and hazards as are customarily covered by builders' risk or extended coverage policies in an amount not less than the replacement value of the New Building but allowing for reasonable coinsurance clauses and deductibles. In the event of any insured damage or destruction, Redeveloper agrees to use its good faith efforts to commence restoration of the Private Improvements New Building to its prior condition within nine (9) months from the date of the damage or destruction, and shall diligently pursue the same to completion.

Appears in 1 contract

Samples: Redevelopment Agreement

Construction Period. During the construction period, Redeveloper agrees to keep the construction area, including completed operations operations, insured against loss or damage by fire, and other such other risks, casualties, and hazards as are customarily covered by builders’ risk or extended coverage policies in an amount not less than the replacement value but allowing for reasonable coinsurance clauses and deductibles. In the event of any insured damage or destruction, Redeveloper agrees to use its good faith efforts to commence restoration of the applicable Private Improvements to its prior condition within nine eighteen (918) months from the date of the damage or destruction, and shall diligently pursue the same to completion.

Appears in 1 contract

Samples: Redevelopment Agreement

Construction Period. During the construction periodperiod for the New Buildings, Redeveloper agrees to keep the construction area, including completed operations insured against loss or damage by fire, and such other risks, casualties, and hazards as are customarily covered by builders’ risk or extended coverage policies in an amount not less than the replacement value but allowing for reasonable coinsurance clauses and deductibles. In the event of any insured damage or destruction, Redeveloper agrees to use its good faith efforts to commence restoration of the Private Improvements applicable New Buildings to its prior condition within nine twelve (912) months from the date of the damage or destruction, and shall diligently pursue the same to completion.

Appears in 1 contract

Samples: Redevelopment Agreement

Construction Period. During the construction periodperiod for the Building, Redeveloper agrees to keep the construction area, including completed operations insured against loss or damage by fire, and such other risks, casualties, and hazards as are customarily covered by builders’ risk or extended coverage policies in an amount not less than the replacement value but allowing for reasonable coinsurance clauses and deductibles. In the event of any insured damage or destruction, Redeveloper agrees to use its good faith efforts to commence restoration of the Private Improvements Building to its prior condition within nine (9) months from the date of the damage or destruction, destruction and shall diligently pursue the same to completion.

Appears in 1 contract

Samples: Redevelopment Agreement

Construction Period. During the construction periodperiod for the New Building, Redeveloper agrees to keep the construction area, including completed operations insured against loss or damage by fire, and such other risks, casualties, and hazards as are customarily covered by builders’ risk or extended coverage policies in an amount not less than the replacement value but allowing for reasonable coinsurance clauses and deductibles. In the event of any insured damage or destruction, Redeveloper agrees to use its good faith efforts to commence restoration of the Private Improvements New Building to its prior condition within nine (9) months from the date of the damage or destruction, subject to materials and supplies availability, and shall diligently pursue the same to completion.

Appears in 1 contract

Samples: Redevelopment Agreement

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