Construction Start Date. Licensee shall start construction of the System after receipt of Trustees’ Notice to Proceed. Licensee shall provide written notice to Trustees of the date that Licensee commences construction at the Site (the “Construction Start Date”) and shall diligently pursue construction until the System’s completion. If Licensee has not commenced substantial construction activities by [Month, day, year], either Party may terminate this Agreement by written notice to the other Party. In the event of such notice by either Party, this Agreement shall terminate, Trustees shall retain any Transaction Fee paid or due as of the date of such termination notice, Licensee shall comply with Section 13.1 and neither Party shall have any further obligation to the other Party.
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Samples: Master Enabling Agreement, Master Enabling Agreement, Master Enabling Agreement
Construction Start Date. Licensee shall start construction of the System after receipt of Trustees’ Notice to Proceed. Licensee shall provide written notice to Trustees of the date that Licensee commences construction at the Site (the “Construction Start Date”) and shall diligently pursue construction until the System’s completion. If Licensee has not commenced substantial construction activities by [Month, day, year], either Party may terminate this Agreement by written notice to the other Party. In the event of such notice by either Party, this Agreement shall terminate, Trustees shall retain any Transaction Fee paid or due as of the date of such termination notice, Licensee shall comply with Section 13.1 and neither Party shall have any further obligation to the other Party.Party.
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