Phase III Improvements Sample Clauses

Phase III Improvements. Construction of the Phase III Improvements shall be initiated within eighty-four (84) months of the Effective Date and shall be completed within twenty-four (24) months of initiation of construction.
AutoNDA by SimpleDocs
Phase III Improvements. Twenty-four (24) single family homes on the real property described as the Phase II property on Attachment 1 (the “Phase III Lots”).
Phase III Improvements. A. The Redeveloper shall construct on the Project Site within the time limits sets forth in this Agreement, the Improvements (“Phase III Improvements”) more particularly described in Section 2.3(B) below; together with surface and/or structured parking and circulation space, and appropriate landscaping and pedestrian and vehicular circulation areas, which shall be developed and constructed in accordance with the Conceptual Master Site Plan, the Redevelopment Plan and the Plan Requirements.
Phase III Improvements. Construction of the Phase III Improvements on the Project Site shall be commenced by the Redeveloper within one hundred eighty (180) days after all of the above approvals set forth in this Article III have been obtained for the Phase III Improvements (but not sooner than completion of the Phase I Improvements and the Phase II Improvements as evidenced by the issuance of a Certificate of Completion) and shall be completed (as evidenced by Certificate(s) of Completion issued by the Agency) within forty eight (48) months after all such approvals have been obtained.
Phase III Improvements. Borrower shall construct the Phase III improvements with diligence to completion, and shall cause the same to be completed in a good and workmanlike manner in accordance with the Plans and in compliance with all applicable laws, all applicable permits, licenses and approvals and all applicable private covenants on or before December 31, 1997, free and clear of all liens or claims of liens for materials supplied or work performed in connection therewith.

Related to Phase III Improvements

  • Tenant Improvements a. Tenant shall cause to be constructed certain tenant improvements (including those listed in Sections 7(e), 7(f) and 7(g) below) in the Additional Premises (“Tenant’s Work”) pursuant to the Work Letter attached as Exhibit E hereto (the “Work Letter”). Landlord shall provide Tenant with an improvement allowance in an amount not to exceed Nine Hundred Five Thousand Five Hundred Thirty-Five Dollars ($905,535) (based upon Forty-Five Dollars ($45) per rentable square foot) (the “TI Allowance”). The TI Allowance may be used to pay for the following costs related to Tenant’s Work: (i) construction, (ii) project oversight by Landlord (which fee shall equal three percent (3%) of the TI Allowance), (iii) space planning, architect, engineering and other related services performed by third parties unaffiliated with Tenant and (iv) building permits and other taxes, fees, charges and levies by Governmental Authorities for permits or for inspections of Tenant’s Work. In no event shall the TI Allowance be used for: (v) payments to Tenant or any affiliates of Tenant, (w) the purchase of any furniture, personal property or other non-building system equipment, (x) the cost of work that is not authorized by the Approved Plans or otherwise approved in writing by Landlord, (y) costs resulting from any default by Tenant of its obligations under the Amended Lease or (z) costs that are recoverable or reasonably recoverable by Tenant from a third party (e.g., insurers, warrantors, or tortfeasors). If the total cost of Tenant’s Work exceeds Forty-Five Dollars ($45) per rentable square foot of the Additional Premises, then Tenant shall pay the overage as and when due. Tenant shall have until December 31, 2008, to expend any unused portion of the TI Allowance, after which date Landlord’s obligation to fund such costs shall expire. Tenant shall deliver to Landlord (Y) a certificate of occupancy for the Additional Premises suitable for the permitted use and (Z) a Certificate of Substantial Completion in the form of the American Institute of Architects document G704, executed by the project architect with respect to Tenant’s Work in the Additional Premises.

Time is Money Join Law Insider Premium to draft better contracts faster.