Common use of Construction Start and Completion Clause in Contracts

Construction Start and Completion. Borrower shall commence construction of the Development Work and the Homes for each Project no later than the date set forth in the Project Commitment and shall thereafter diligently proceed with construction and completion of the Development Work and the Homes in a good and workmanlike manner in accordance with the Plans and Specifications for such Project and the Construction Progress Schedule for such Project; provided however that in the event construction of a Project is subject to delays caused by any Force Majeure Event, the Borrower shall provide to the Lender written notice of such delay, and if such delay will not exceed one hundred twenty (120) days in the aggregate or is otherwise reasonable in length, the Borrower shall not be deemed in default of its obligations assumed pursuant to this Loan Agreement solely by reason of such delay. The Borrower shall cause the Development Work and the Homes for each Project at all times to materially conform to the Laws and Regulations and shall accomplish completion of the Development Work and the Homes of such Project in accordance with the Construction Progress Schedule for such Project. Borrower shall cooperate at all times with Lender in bringing about the timely completion of each element of the Development Work and the Homes for each Project, and Borrower shall resolve all disputes arising during the work of construction in a manner which shall allow work to proceed expeditiously.

Construction Start and Completion. Borrower shall commence construction of the Development Work and the Homes for each Project Construction Improvements no later than the date set forth in the Project Commitment and shall thereafter diligently proceed with construction and completion of the Development Work and the Homes Construction Improvements in a good and workmanlike manner in accordance with the Plans and Specifications for such Project and the Construction Progress Schedule for such ProjectSchedule; provided however that in the event construction of a the Project is subject to delays caused by any Force Majeure Event, the Borrower shall provide to the Lender written notice of such delay, and if such delay will not exceed one hundred twenty (120) days in the aggregate or is otherwise reasonable in length, the Borrower shall not be deemed in default of its obligations assumed pursuant to this Loan Agreement Supplement solely by reason of such delay. The Borrower shall cause the Development Work and the Homes for each Project Construction Improvements at all times to materially conform to the Laws and Regulations and shall accomplish completion of the Development Work and the Homes of such Project Construction Improvements in accordance with the Construction Progress Schedule for such ProjectSchedule. Borrower shall cooperate at all times with Lender in bringing about the timely completion of each element of the Development Work and the Homes for each ProjectConstruction Improvements, and Borrower shall resolve all disputes arising during the work of construction in a manner which shall allow work to proceed expeditiously.

Construction Start and Completion. Borrower shall commence construction of the Development Work and the Homes for each Project no later than the date set forth in the Project Commitment and shall thereafter diligently proceed with construction and completion of the Development Work and the Homes in a good and workmanlike manner in accordance with the Plans and Specifications for such Project and the Construction Progress Schedule for such Project; provided however that in the event construction of a Project is subject to delays caused by any Force Majeure Event, the Borrower shall provide to the Lender written notice of such delay, and if such delay will not exceed one hundred twenty (120) days in the aggregate or is otherwise reasonable in length, the Borrower shall not be deemed in default of its obligations assumed pursuant to this Loan Agreement solely by reason of such delay. The Borrower shall cause the Development Work and the Homes for each Project at all times to materially conform to the Laws and Regulations and shall accomplish completion of the Development Work and the Homes of such Project in accordance with the Construction Progress Schedule for such Project. Borrower shall Amended and Restated Loan Agreement – Xxxxxxx Xxxx Homes, Inc. cooperate at all times with Lender in bringing about the timely completion of each element of the Development Work and the Homes for each Project, and Borrower shall resolve all disputes arising during the work of construction in a manner which shall allow work to proceed expeditiously.

Construction Start and Completion. Borrower shall will commence construction of the Development Work and the Homes for each Project no later than the date set forth in the Project Commitment and shall Loan Summary. Borrower will thereafter diligently proceed with construction and completion of the Development Work and the Homes in a good and workmanlike workerlike manner in accordance with the Plans and Specifications for such Project and the Construction Progress Schedule for such Project; Schedule, provided however that dates set forth in the event construction Construction Progress Schedule will be extended up to a maximum of a Project is subject to delays caused by any Force Majeure Event, the Borrower shall provide to the Lender written notice of such delay, and if such delay will not exceed one hundred twenty (120) days in if (i) the aggregate or is otherwise reasonable in lengthdelay could not reasonably have been anticipated and avoided, (ii) the delay was caused by a Force Majeure Event, and (iii) Borrower shall not be deemed in default of its obligations assumed pursuant to this Loan Agreement solely by reason have given Lender notice of such delayForce Majeure Event and its anticipated impact on the Construction Progress Schedule within fifteen (15) days after the commencement of the Force Majeure Event. The Borrower shall will cause the Development Work and the Homes for each Project at all times to materially conform to the Laws and Regulations and shall will accomplish completion of the Development Work and the Homes of such Project in accordance with the Construction Progress Schedule for such ProjectSchedule. Borrower shall will cooperate at all times with Lender in bringing about the timely completion of each element of the Development Work and the Homes for each ProjectWork, and Borrower shall will resolve all disputes arising during the work of construction in a manner which shall that will allow work to proceed expeditiously.

Construction Start and Completion. Borrower shall commence construction of the Development Work and the Homes for each Project Construction Improvements no later than the date set forth in the Project Commitment and shall thereafter diligently proceed with construction and completion of the Development Work and the Homes Construction Improvements in a good and workmanlike manner in accordance with the Plans and Specifications for such Project and the Construction Progress Schedule for such ProjectSchedule; provided however that in the event construction of a the Project is subject to delays caused by any Force Majeure Event, the Borrower shall provide to the Lender written notice of such delay, and if such delay will not exceed one hundred twenty (120) days in the aggregate or is otherwise reasonable in length, the Borrower shall not be deemed in default of its obligations assumed pursuant to this Loan Agreement Supplement solely by reason of such delay. The Borrower shall cause the Development Work and the Homes for each Project Construction Improvements at all times to materially conform to the Laws and Regulations and shall accomplish completion of the Development Work and the Homes of such Project Construction Improvements in accordance with the Construction Progress Schedule for such ProjectSchedule. Borrower shall cooperate at all times with Lender in bringing about the timely completion of each element of the Development Work and the Homes for each ProjectConstruction Improvements, and Borrower shall resolve all disputes arising during the work of construction in a manner which shall allow work to proceed expeditiously.

Construction Start and Completion. Borrower shall commence construction of the Development Work and the Homes for each Project no later than the date set forth in the Project Commitment and shall thereafter diligently proceed with construction and completion of the Development Work and the Homes in a good and workmanlike manner in accordance with the Plans and Specifications for such Project and the Construction Progress Schedule for such ProjectSchedule; provided however that in the event construction of a the Project is subject to delays caused by any Force Majeure Event, the Borrower shall provide to the Lender written notice of such delay, and if such delay will not exceed one hundred twenty (120) days in the aggregate or is otherwise reasonable in length, the Borrower shall not be deemed in default of its obligations assumed pursuant to this Loan Agreement Supplement solely by reason of such delay. The Borrower shall cause the Development Work and the Homes for each Project at all times to materially conform to the Laws and Regulations and shall accomplish completion of the Development Work and the Homes of such Project in accordance with the Construction Progress Schedule for such ProjectSchedule. Borrower shall cooperate at all times with Lender in bringing about the timely completion of each element of the Development Work and the Homes for each ProjectWork, and Borrower shall resolve all disputes arising during the work of construction in a manner which shall allow work to proceed expeditiously.