Development and Construction Period Clause Samples
The Development and Construction Period clause defines the timeframe during which a project's development and construction activities must be completed. It typically outlines the start and end dates for these phases, sets milestones or deadlines for key deliverables, and may specify requirements for progress reporting or approvals. This clause ensures that all parties are aware of the expected schedule, helping to manage timelines, coordinate resources, and mitigate the risk of delays in project completion.
Development and Construction Period. The Development and Construction Period will begin on the Effective Date and will terminate on the earliest of:
(A) Delivery by Tenant of notice of termination in accordance with Section 4(b);
(B) 365 days after the commencement of the Development and Construction Period, except that such period shall automatically extend for up to two (2) additional periods of six (6) months each for permitting and interconnection delays, or for changes in solar market conditions regarding New York solar programs. Extensions under this subsection are contingent upon Tenant providing evidence, at Landlord’s reasonable request, that it continues to actively pursue developing the Facility; and
(C) the day after the Commercial Operation Date. of 32 If the Commercial Operation Date does not occur prior to expiration of the Development and Construction Period (as it may be extended), this Lease shall terminate by its own terms with no action being required of either Party. Termination of this Lease in accordance with this Section 4(a)(i) shall not release either Party from any obligations arising prior to the effective date of such termination, but neither Party shall have the obligation to perform any obligations hereunder which, but for such termination, would have arisen after the effective date of such termination.
Development and Construction Period. During the Development and Construction Period, Tenant and its agents, employees, contractors, and/or subcontractors may use the Lease Area for development work and tests, project permitting and interconnection, and other activities associated with constructing the Facility. Tenant agrees to inform its employees, of 32 agents and invitees of the presence of any hazardous conditions on the Property and Landfill known to Tenant.
Development and Construction Period. No Rent shall be due for the Development and Construction Period.
Development and Construction Period. During the Development and Construction Period, Tenant may use the Lease Area for development work and tests, project permitting and interconnection, and other activities associated with constructing the Facility.
Development and Construction Period. During the Preparatory Period, the Independent Engineer shall undertake a detailed review of the Designs and Drawings to be furnished by the Concessionaire along with supporting data, including the geo-technical and hydrological investigations, characteristics of materials from borrow areas and quarry sites, topographical surveys and traffic surveys. The Independent Engineer shall complete such review and approval and send its comments/observations to the Authority and the Concessionaire within 15 (fifteen) days of receipt of such Designs and Drawings. In particular, such comments shall specify the conformity or otherwise of such Designs and Drawings with the Scope of the Project and Technical Specifications.
Development and Construction Period. This phase consists of the period commencing on the date of the approval of the Declaration of Mining Project Feasibility and ending on the day before the Date of Commencement of Commercial Production. For the avoidance of any doubt, the expiration of the Feasibility Study Period may not coincide with the commencement of the Development and Construction Period.
Development and Construction Period. Two Hundred and Fifty Dollars ($250) per month, pro-rated for partial months, to be paid in arrears on the last day of each month. The first payment of Rent during the Development and Construction Period (the “Initial Development and Construction Rent Payment”) shall be due on the last day of the first full calendar month to occur during the Development and Construction Period. The Initial Development and Construction Rent Payment shall include the amount of Rent due during the first partial month occurring during the Development and Construction Period (prorated from the date the Development and Construction Period commences), and Rent due for the first full month occurring during the Development and Construction Period.
Development and Construction Period. The Development and Construction Period will begin on the Lease Effective Date and will terminate on the earliest of:
(A) Delivery by Tenant of notice of termination in accordance with Section 5(b);
(B) 365 days after the commencement of the Development and Construction Period, except that such Period shall automatically extend for up to two (2) additional periods of six (6) months each for permitting and interconnection delays, or for changes in solar market conditions regarding solar programs promulgated by a Government Authority. Additionally, the Development and Construction period shall be further extended automatically on a monthly basis for delays by the Utility in the completing interconnection upgrades or in interconnecting the Facility. Extensions under this subsection are contingent upon Tenant providing evidence, at Landlord's reasonable request, that it continues to actively pursue developing the Facility; and
(C) the day after the Commercial Operation Date. If the Development and Construction Period terminates by passage of time under Subsection (B), this Lease shall terminate by its own terms with no action being required of either Party. Termination of this Lease in accordance with this Section 5(a)(i) shall not release either Party from any obligations arising prior to the effective date of such termination, but neither Party shall have the obligation to perform any obligations hereunder which, but for such termination, would have arisen after the effective date of such termination.
Development and Construction Period