Development; Completion. (g) Borrower shall cause (x) development and construction of the Project to begin by the date that is forty-five (45) days from the date hereof, and (y) development and construction of the Project to be completed to the reasonable satisfaction of Lender on or before the Completion Date, unless otherwise approved by Lender in writing. Borrower shall, and shall cause Owner to, prosecute development and construction of the Project with good faith and diligence in compliance with the Construction Schedule. Borrower’s or Owner’s failure to proceed diligently and (subject to Permitted Delay) make regular progress toward completion of the Project, as determined by Lender acting reasonably, and/or Borrower’s or Owner’s failure to meet (subject to Permitted Delay) any of the other deadlines set forth in this Section 9.3, shall constitute an Event of Default.
Development; Completion. (a) Borrower shall cause (x) development and construction of the Project to begin by the date that is forty-five (45) days from the date hereof and (y) development and construction of the Project to be completed to the reasonable satisfaction of Lender on or before the Completion Date, unless otherwise approved by Lender in writing. Borrower shall prosecute development and construction of the Project with good faith and diligence in compliance with the Construction Schedule. Borrower’s failure to proceed diligently and (subject to Permitted Delay) make regular progress toward completion of the Project, as determined by Lender acting reasonably, and/or Borrower’s failure to meet (subject to Permitted Delay) any of the other deadlines set forth in this Section 9.3, shall constitute an Event of Default.
Development; Completion. (g) Borrower shall cause (x) development and construction of the Project to begin by the date that is forty-five (45) days from the date hereof, and (y) development and construction of the Project to be completed to the reasonable satisfaction of Lender on or before the completion date date set forth in the Construction Schedule (subject to Permitted Delay) (the “Completion Date”), unless otherwise approved by Lender in writing. Borrower shall, and shall cause Owner to, prosecute development and construction of the Project with good faith and diligence in compliance with the Construction Schedule. Borrower’s or Owner’s failure to proceed diligently and (subject to Permitted Delay) make regular progress toward completion of the Project, as determined by Lender acting reasonably, and/or Borrower’s or Owner’s failure to meet (subject to Permitted Delay) any of the other deadlines set forth in this Section 9.3, shall constitute an Event of Default.
Development; Completion. 31-Aug-22 Ongoing Project Management and Status Reporting, Scope Reviews (Deliverables 1.2.1, 1.2.2, & 1.3) $32,000.00 $355,500.00 $2,118,000.00 Interface Development (Deliverable 9.3) $120,000.00 System Documentation Updates (Deliverable 5.3.1) $15,000.00 System Development and Configuration: Part 6. (Verifiable progress on Task 5.1 and Acceptance of Deliverable 5.1.1) $142,500.00 OCM Periodic Reports (Deliverable 2.4.2) $6,000.00 User Training (Deliverables 9.1.2 & 9.2) $40,000.00 8 System Test 31-Oct-22 Ongoing Project Management and Status Reporting, Scope Reviews $32,000.00 $185,000.00 $2,303,000.00 No.
