Project Completion Part 1 – Material Completion
Project Completion Date It is agreed between the Parties that the Project Completion Date is <END DATE, YEAR>. If the Project is not completed by such date then, subject to an amendment agreed to between the Parties, Alberta Innovates may elect to terminate this Investment Agreement. In such event, Alberta Innovates will notify the Applicant of its decision to terminate as soon as reasonably practical and shall advise the Applicant of the effective date of termination. Alberta Innovates will have no liability or obligation to reimburse the Applicant for any Project Costs incurred after the effective date of termination and may require the Applicant to return any portions of the Investment which were spent on Ineligible Expenses. Additionally, any portion of the Investment not used and accounted for in accordance with this Agreement as of the Project Completion Date or earlier termination is repayable by the Applicant to AI at AI’s request.
Diligent Completion The Company agrees to use its reasonable efforts to cause the completion of the Project as soon as practicable, but in any event on or prior to the end of the Investment Period.
PROGRESS AND COMPLETION 8.2.1 All time limits stated in the Contract Documents are material terms and time is the essence of the Contract. A failure by Contractor to do what is required by the time specified in the Contract Documents is a breach of the contract.
Completion The Subcontractor will be required, unless otherwise stated under the terms of this Agreement, to complete the Services: (choose one) ☐ - By the Specific date of ______________________, 20____. ☐ - In accordance with industry standards. ☐ - Other: ________________________________________________________
Final Completion The full and final completion of all Work in accordance with the Contract Documents.
Commencement and Completion 3.1 The Owner agrees to commence the Development, the Landscaping Works, and the Works and Utilities Requirements outlined in this agreement, forthwith upon adoption of City of Kelowna Heritage Revitalization Agreement Authorization Bylaw No. 9057 and to complete the above no later than one year following the adoption of Bylaw No. 9057.