Pre-Possession Period Sample Clauses

Pre-Possession Period. Notwithstanding anything contained in this Lease to the contrary, in the event that the Possession Conditions have not occurred by the Outside Possession Date, Developer hereby waives any further right to cure, as set forth in Section 7.1(c) of this Lease (a “Developer’s Waiver”), and such shall be considered a Developer Event of Default under this Lease. The one exception to this Developer’s Waiver shall be a failure under Section 2.1(b)(iv) to have completed the platting process for the Hotel Parcel (and then only if Developer has satisfied the requirements of Section 7.1(c)). In case of such Developer Event of Default, the City shall be entitled to immediately terminate Lease (and the CRA shall be entitled to immediately terminate the CRA Compensated Funding Agreement and the CRA Funding Agreement) upon written notice to the Developer and the parties shall thereafter be released from all obligations set forth therein except any such obligations that expressly survive termination. The City shall also be entitled to its remedies as set forth in Section 7.2 of this Lease including the provisions of Section 7.2(d). Notwithstanding anything contained in this Lease to the contrary, in no event shall either party be liable to the other for any consequential or punitive damages in connection with this Lease, the CRA Compensated Funding Agreement and/or the CRA Funding Agreement.
Sample 1
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Pre-Possession Period. Notwithstanding anything contained in the Agreement or this Second AmendmentLease to the contrary, in the event that the conditions precedent to possessionPossession Conditions have not occurred by the Outside Possession Date, Developer hereby waives any further right to cure, as set forth in Section 7.1(c) of the Agreementthis Lease (a “Developer’s Waiver”), and such shall be considered a Developer Event of Default under the Agreementthis Lease. The one exception to this Developer’s Waiver shall be a failure under Section 2.1(b)(iv) to have completed the platting process for the Hotel Parcel (and then only if Developer has satisfied the requirements of Section 7.1(c)). In case of such Developer Event of Default, the City shall be entitled to immediately terminate the Agreement, as amendedLease (and the CRA shall be entitled to immediately terminate the CRA Compensated Funding Agreement and the CRA Funding Agreement) upon written notice to the Developer and the parties shall thereafter be released from all obligations set forth therein except any such obligations that expressly survive termination. The City shall also be entitled to its remedies as set forth in Section
Sample 1
Pre-Possession Period. From and after the Effective Date, Tenant shall proceed with diligence to take such actions as are necessary to satisfy the Possession Conditions by or before the Outside P26 Commencement Date. Upon the occurrence of the Possession Date, Owner shall execute and deliver the Unity of Title for the Project, which Tenant, at Tenant’s sole cost and expense, shall cause to be recorded prior to Commencement of Construction and as a condition thereto.
Sample 1

Related to Pre-Possession Period

  • Quiet Possession Upon Tenant’s paying the Basic Rental, Additional Rent and other sums provided hereunder and observing and performing all of the covenants, conditions and provisions on Tenant’s part to be observed and performed hereunder, Tenant shall have quiet possession of the Premises for the entire Term hereof, subject to all of the provisions of this Lease.

  • Construction Period During the construction period, Redeveloper agrees to keep the construction area, including completed operations insured against loss or damage by fire, and such other risks, casualties, and hazards as are customarily covered by builders’ risk or extended coverage policies in an amount not less than the replacement value but allowing for reasonable coinsurance clauses and deductibles. In the event of any insured damage or destruction, Redeveloper agrees to use its good faith efforts to commence restoration of the Private Improvements to its prior condition within nine (9) months from the date of the damage or destruction, and shall diligently pursue the same to completion.

  • Inspection Period Buyer shall be under no obligation to purchase the Property or otherwise perform under this Agreement unless Buyer determines the Property to be, in all respects, suitable for its intended purposes. The decision as to whether the Property is suitable for its intended purposes shall be the sole decision of Buyer, determined in the absolute discretion of Buyer, with Buyer’s decision being final and binding upon both Parties. Buyer shall have until , 20 , at : ☐ AM ☐ PM to notify Seller of its termination of this Agreement due to Buyer's determination that the Property is unsuitable for its intended purpose ("Inspection Period"). In the event Buyer elects to terminate this Agreement, Buyer shall provide written notice of termination to Seller prior to the expiration of the Inspection Period. In the event Buyer provides said notice of termination, Seller and any Escrow Agent shall be obligated to return the Escrow Money to the Buyer as provided in Section V hereof, and neither party shall have any further rights or obligations under this Agreement. In the event Buyer does not submit written notice of termination prior to the expiration of the Inspection Period, the Buyer shall be deemed to be satisfied with its inspections of the Property and this contingency shall be deemed to be fulfilled. The Seller, at no expense, shall fully cooperate with Buyer in obtaining any and all approvals required from any Federal, State, or Local Government ("Governmental Approvals") necessary for Buyer to satisfy their needs during the Inspection Period for the suitability of the Property. Said Governmental Approvals shall be obtained during the Inspection Period unless the Parties agree otherwise. Any additional agreements related to this Section must be done in writing and attached to this Agreement.

  • Substantial Completion Date Substantial Completion of the Work as defined in Article 6.1.2 of the General Conditions to the Continuing Contract for Construction Management shall be achieved by July 31, 2022.

  • Service Commencement Date The date the Transmission Provider begins to provide service pursuant to the terms of an executed Service Agreement, or the date the Transmission Provider begins to provide service in accordance with Section 15.3 or Section 29.1 under the Tariff.

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