D elay Sample Clauses

D elay. If either Governmental Lender or Funding Lender fails to perform or delays in performing the whole or any part of its obligations under the Borrower Loan Documents, then neither Governmental Lender nor Funding Lender shall be liable in any way for such failure. Governmental Lender and Funding Lender each may suspend or terminate all or any portion of such party's obligations under the Borrower Loan Documents if such delay or failure by such party results directly or indirectly from, or such suspension or termination by such party is based upon, the action or inaction, or purported action, of any governmental or local authority, or any war (whether declared or not), rebellion, insurrection, strike, lock-out, boycott or blockade (whether presently in effect, announced or in the sole judgment of such party deemed probable) or any act of God, or any other cause or event beyond the control of such party.
Sample 1
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D elay. After Owner Parties issue a Certificate of Substantial Completion for a Deliverable Portion of Work, if Final Completion of that Deliverable Portion of Work is subject to material Delay through no fault of Design-Builder or by the issuance of Change Orders affecting Final Completion of that Deliverable Portion of Work, Design-Builder shall be entitled to the balance due for that Deliverable Portion of Work fully completed, accepted, and certified as complete by Owner Parties. However, if the balance of the Contract Sum for Work not fully completed or corrected is less than the retainage then held by the Owner and bonds have been furnished for the Project, Design-Builder shall forward to Owner Parties the written consent of Design-Builder’s surety to the payment of the balance due for Work fully completed and accepted. Any such payment shall not constitute a waiver of Owner’s Claims.
Sample 1

Related to D elay

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