Project Performance Schedule Sample Clauses

Project Performance Schedule. The Parties have jointly established the following dates for their respective obligations under this Agreement (collectively, the “Performance Schedule”): (a) City anticipates commencing the Festival Park Avenue Improvements on or about February 6, 2025, and will proceed in good faith through substantial completion of the same, which is currently anticipated to be on or about June 30, 2025. The City shall complete the Festival Park Avenue Improvements on or before December 31, 2025. (b) The City anticipates commencing the Parking Lot Improvements on or about April 28, 2025, with completion thereof anticipated to be in November 2025. The City shall complete the Parking Lot Improvements on or before December 31, 2025. (c) Upon completion of the Festival Park Avenue Improvements and the Parking Lot Improvements and WJCT’s approval of the as-built survey pursuant to Section 5.1(f) below in its reasonable discretion, the Parties shall enter into the First Amendment to Lease Agreement substantially in the form attached hereto as Exhibit A and First Amendment to Metropolitan Park Agreement authorized by the Ordinance. The City and WJCT have approved this Performance Schedule. By the execution hereof, and subject to the terms of this Agreement, City hereby agrees to undertake and complete the construction and development of the Improvements in accordance with this Agreement and the Performance Schedule.

Project Performance Schedule. The City and the Developer have jointly established the following dates for the Developer’s and the City’s obligations under this Agreement (collectively, the “Performance Schedule”): (a) The City shall: (1) Use commercially reasonable efforts to Substantially Complete the City Wetlands Mitigation by December 31, 2023; (2) Use commercially reasonable efforts to Commence Construction of the Access Road Extension Project within twelve (12) months of the date of Closing on the Project Parcel; (3) Use commercially reasonable efforts to Substantially Complete the Access Road Extension Project by November 30, 2025; (4) Provided Developer has provided 60% engineered design plans contemplated in Exhibit D on or before December 31, 2023 to the City, use commercially reasonable efforts to Substantially Complete the Rail Extension Project by June 30, 2026; (b) Developer shall use commercially reasonable efforts to obtain permits as necessary to Commence Construction of the Initial Improvements and continue to Substantial Completion thereof without any Impermissible Delays by January 1, 2025. (c) Developer shall Commence Construction of the Initial Improvements by January 1, 2025 (the “Commencement of Construction Date”), and construction of the Initial Improvements thereafter shall proceed without any Impermissible Delays through Substantial Completion thereof. (d) Developer shall have Substantially Completed construction of the Initial Improvements by no later than December 31, 2028 (the “Completion Date”); provided, however, the parties acknowledge and agree that the machinery and equipment will be installed within six

Project Performance Schedule. 4.1 The Grantee and the Agency have jointly established the Project Performance Schedule. The Grantee shall timely perform its obligations set forth on the Project Performance Schedule. The Project Performance Schedule shall not be modified without the prior written consent of the Agency, which consent may be withheld in its sole discretion.

Project Performance Schedule. The Parties have jointly established the following dates for their respective obligations under this Agreement (collectively, the “Performance Schedule”): (a) DCFA shall obtain all Permit Approvals and fulfill all other preconditions as necessary to Commence Construction of the DCFA Improvements and pursue the same to Substantial Completion without Impermissible Delays by June 1, 2024, subject to any delays directly caused by City in timely completing the City Improvements. (b) The City shall use commercially reasonable efforts to complete site clearing and rough grading of the DCFA Parcel as necessary for DCFA to Commence construction of the DCFA Improvements by December 31, 2023 and shall give DCFA written notice of completion of same (the “Site Work Completion Notice”). (c) Upon satisfaction of subparagraph (a) above by DCFA, the Parties shall enter into the Ground Lease and DCFA shall Commence Construction of the DCFA Improvements by no later than sixty (60) days after receipt of the Site Work Completion Notice (the “Commencement of Construction Date”), and construction of the DCFA Improvements shall proceed without any Impermissible Delays through Substantial Completion. (d) The City shall use commercially reasonably efforts to complete the City Improvements by no later than June 1, 2025. (e) DCFA shall achieve Substantial Completion of the DCFA Improvements by no later than nineteen (19) months after the Commencement of Construction Date, but no later than June 1, 2025 (the “DCFA Improvements Completion Date”). Upon Substantial Completion of the DCFA Improvements, DCFA intends to enter into the Joint-Use Agreement, subject to the City’s written consent to the terms and conditions thereof. In the event the Joint-Use Agreement is approved by the City and entered into by DCFA, the City shall cause any subsequent operator of the Equestrian Center to enter into the same or substantially the same agreement with DCFA For the use of the Equestrian Center. The obligations of the City set forth in this paragraph shall survive the expiration or termination of this Agreement, and expire upon the termination or expiration of the Ground Lease. The City and DCFA have approved this Performance Schedule. By the execution hereof, and subject to the terms of this Agreement, DCFA hereby agrees to undertake and complete the construction and development of the DCFA Improvements in accordance with this Agreement and the Performance Schedule, and to comply with all of DCFA’...