Deadline for Construction Financing Sample Clauses

Deadline for Construction Financing. Notwithstanding any contrary provision contained herein, if the Authority fails to obtain Construction Financing on or before December 1, 1998, the Authority shall provide Developer with written notice that the Construction Financing has not been obtained, together with written notice either, at its sole option that (a) the Authority has elected to proceed with the design, construction, equipping and opening of the Project based upon alternative financing arrangements or (b) the Project has been suspended. Upon any such election to suspend the Project, the Authority shall pay all amounts due to the Architect, the Construction Manager or other Contractors for the period prior to the date of such suspension and shall pay to Developer its reasonable out of pocket expenses directly related to the Project Executive and the services provided in connection with the performance of its duties hereunder prior to the date of such suspension. If the Authority elects to proceed with the Project, the Authority shall provide Developer with proof of alternative financing, whereupon Developer shall proceed with its obligations pursuant to this Development Agreement. If the Authority elects to suspend the Project, Developer shall suspend its services under this Development Agreement pending receipt from the Authority of a notice to proceed. If the Authority subsequently obtains financing for the Project, the parties' obligations under this Development Agreement shall be reinstated. ARTICLE 8 Additional Duties, Obligations and Authority of Developer 8.1 Approval of Contractors, Vendors and Suppliers. Upon notice to the Authority, Developer shall be responsible for determining the acceptability of Contractors, vendors and suppliers proposed by the Architect and the Construction Manager; provided, however, that if any Contractor, vendor or supplier is to perform work with respect to the Project, including, without limitation, performing labor or other services or delivering or installing any materials, goods, equipment, furniture or furnishings, for an amount greater than Seven Hundred Fifty Thousand Dollars ($750,000), the selection of such Contractor, vendor or supplier must be approved in writing by the Authority. In order to maximize the benefits of the Project to the Tribe and the Authority, Developer shall implement procedures described in the Tribal Employment Rights Ordinance or otherwise developed by the Authority so that preference be given in the recruiting, prequal...
Sample 1
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Deadline for Construction Financing. Notwithstanding any contrary provision contained herein, if the Authority fails to obtain Construction Financing on or before December 1, 1998, the Authority shall provide Developer with written notice that the Construction Financing has not been obtained, together with written notice either, at its sole option that (a) the Authority has elected to proceed with the design, construction, equipping and opening of the Project based upon alternative financing arrangements or (b) the Project has been suspended. Upon any such election to suspend the Project, the Authority shall pay all amounts due to the Architect, the Construction Manager or other Contractors for the period prior to the date of such suspension and shall pay to Developer its reasonable out of pocket expenses directly related to the Project Executive and the services provided in connection with the performance of its duties hereunder prior to the date of such suspension. If the Authority elects to proceed with the Project, the Authority shall provide Developer with proof of alternative financing, whereupon Developer shall proceed with its obligations pursuant to this Development Agreement. If the Authority elects to suspend the Project, Developer shall suspend its services under this Development Agreement pending receipt from the Authority of a notice to proceed. If the Authority subsequently obtains financing for the Project, the parties' obligations under this Development Agreement shall be reinstated.
Sample 1

Related to Deadline for Construction Financing

  • New Construction If this contract is for a Property that is newly constructed and the new construction option is selected, coverage begins on day one (1) of month thirteen

  • ADDITIONAL CONSTRUCTIONS The Promoter undertakes that it has no right to make additions or to put up additional structure(s) anywhere in the Project after the building plan has been approved by the competent authority(ies) except for as provided in the Act.

  • Governing Law; Construction This Agreement and any claim, counterclaim or dispute of any kind or nature whatsoever arising out of or in any way relating to this Agreement (“Claim”), directly or indirectly, shall be governed by, and construed in accordance with, the laws of the State of New York. The section headings in this Agreement have been inserted as a matter of convenience of reference and are not a part of this Agreement.

  • Law; Construction This Agreement and any claim, counterclaim or dispute of any kind or nature whatsoever arising out of or in any way relating to this Agreement (“Claim”), directly or indirectly, shall be governed by, and construed in accordance with, the internal laws of the State of New York.

  • Contract Construction 6.27.1 The parties acknowledge that each party and its counsel have reviewed this CONTRACT and that the normal rule of construction to the effect that any ambiguities are to be resolved against the drafting party shall not be employed in the interpretation of this CONTRACT or any amendment or exhibits hereto.

  • Project Construction The Contractor agrees to provide continuous on-site supervision on each Job Order, while progress on the project is being accomplished. The Contractor’s Project Manager will ensure: 1. Coordination and providing supervision to all Subcontractor and workers; 2. Posting of the prevailing wage scale; 3. Maintaining a copy of the Contractors safety program manual made available to all construction personnel; 4. Conducting weekly on-site safety meetings; 5. Completing the daily labor and construction progress log on a daily basis and submit copies to the County on a daily basis. Copies of the previous day’s reports must be submitted by 9:00AM of the following day. a. Daily labor log is to include a listing of Subcontractor(s) and a count of workers by trade providing services for the day. b. Construction progress log is to include a narrative of the Work provided by trade(s). Narrative agrees to include the various areas of the jobsite where Work was performed and any problems or conditions that were encountered. c. In the event the Contractor fails to provide a daily log and/or construction progress log, the County may impose damages against the Contractor in the amount of fifty dollars ($50.00) for each log and deduct from the Contractor’s payment request, for each day the Contractor does not provide the documentation. 6. County may suspend Contractor operations if no Contractor Superintendent is observed. All delays caused by the suspension will be the responsibility of the Contractor. No time extension or claims for cost(s) associated with the suspension will be granted by the County.

  • ICIF Construction The ICIF shall be designed and constructed in accordance with Good Utility Practice. Within one hundred twenty (120) Calendar Days after the Commercial Operation Date, unless the Parties agree on another mutually acceptable deadline, Interconnection Customer shall deliver to Transmission Provider and Transmission Owner “as-built” drawings, information and documents for the ICIF, such as: a one-line diagram, a site plan showing the Generating Facility and the ICIF, plan and elevation drawings showing the layout of the ICIF, a relay functional diagram, relaying AC and DC schematic wiring diagrams and relay settings for all facilities associated with the Interconnection Customer’s step-up transformers, the facilities connecting the Generating Facility to the step-up transformers and the ICIF, and the impedances (determined by factory tests) for the associated step-up transformers and the Generating Facility. Interconnection Customer shall provide Transmission Provider and Transmission Owner with Interconnection Customer’s specifications for the excitation system, automatic voltage regulator, Generating Facility control and protection settings, transformer tap settings, and communications, if applicable.

  • Commencement and Completion of Construction Subject to Unavoidable Delays, Developer shall cause construction of the Minimum Improvements to be undertaken and completed: (i) by no later than June 1, 2020; or (ii) by such other date as the parties shall mutually agree upon in writing. Time lost as a result of Unavoidable Delays shall be added to extend this date by a number of days equal to the number of days lost as a result of Unavoidable Delays. All work with respect to the Minimum Improvements shall be in conformity with the Construction Plans approved by the building official or any amendments thereto as may be approved by the building official. Developer agrees that it shall permit designated representatives of the City, upon reasonable notice (which does not have to be written), to enter upon the Development Property during the construction of the Minimum Improvements to inspect such construction and the progress thereof.

  • Completion of Construction Within 60 days of the completion of construction of the Project, Project Owner shall deliver to DoD copies of the FAA form 7460-2 for each ASN, including the final coordinates for each turbine erected.

  • Interconnection Facilities Engineering Procurement and Construction Interconnection Facilities, Network Upgrades, and Distribution Upgrades shall be studied, designed, and constructed pursuant to Good Utility Practice. Such studies, design and construction shall be based on the assumed accuracy and completeness of all technical information received by the Participating TO and the CAISO from the Interconnection Customer associated with interconnecting the Large Generating Facility.

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