FAILURE TO COMPLETE CONSTRUCTION. 14.5.1 In the event that the "DEVELOPER" fails to complete construction within the period specified in Chapter 10, the "DEVELOPER" shall pay to the "OWNERS" penalty as mentioned in Chapter 10 up to a maximum period of 12 months after the stipulated time and penalty, if so required, be realized by invoking the Bank Guarantee.
Appears in 4 contracts
Samples: Construction Contract, Construction Contract, Construction Contract
