Suspension of Construction. If the developer/vendor or landowner suspends or gives notice to any person of its intention to suspend construction of the Property or abandons construction (if applicable).
Suspension of Construction. If the Lender in reasonably good faith determines that any work or materials do not conform to the approved Plans and Specifications or sound building practice, or otherwise departs from any of the requirements of the MLA and this Supplement, the Lender may require the work to be stopped and withhold disbursements until the matter is corrected. In such event, the Borrower will promptly correct the work to the Lender’s satisfaction. Provided Lender’s actions were reasonable, in good faith, and the work or materials did not conform to the approved Plans and Specifications or sound building practice, no such action by the Lender will affect the Borrower’s obligation to complete the Project on or before the Completion Date.
Suspension of Construction. If Lender determines that any work or materials do not conform to the Drawings and Specifications or applicable law, or otherwise departs from any of the requirements of this Agreement, Lender may require the work to be stopped and withhold disbursement of Construction Loan Advances until the matter is corrected. In such event, Borrower will promptly correct the work to Lender’s satisfaction. No such action by Lender will affect Borrower’s obligation to complete the Project on or before the Conversion Date.
Suspension of Construction. Prior to the Project Completion Date, construction of the Project shall be suspended for a period of ninety days if such suspension is a result of the occurrence of an Event of Force Majeure, or for a period of thirty days if such suspension is a result of any other cause.
Suspension of Construction. Redeveloper shall not suspend or discontinue the performance of its obligations under this Agreement (other than in the manner provided for herein) for any reason, including, without limiting the generality of the foregoing, any acts or circumstances that may constitute failure of consideration, commercial frustration of purpose, or any damage to or destruction of the Project or Redevelopment Area, except for the occurrence of an Event of Force Majeure, as set forth in Article 7, If Redeveloper shall abandon or substantially suspend construction activities on the Project for a period in excess of one hundred twenty (120) consecutive days for reasons other than an Event of Force Majeure, and the suspension or abandonment is not cured, remedied or explained to the satisfaction of the Borough, in its sole discretion, in writing within fifteen (15) calendar days after written demand by the Borough to do so, then such shall constitute an Event of Default by Redeveloper under this Agreement and the Borough shall have the right to seek any remedies pursuant of this Agreement.
Suspension of Construction. If the Agent in reasonably good faith determines that any work or materials do not materially conform to the approved Plans and Specifications or sound building practice, or otherwise departs materially from any of the requirements of this Agreement, the Agent may require the work to be stopped and withhold disbursements until the matter is corrected. In such event, the Borrower will promptly correct the work to the Agent’s satisfaction. No such action by the Agent will affect the Borrower’s obligation to complete the Project.
Suspension of Construction. If the Engineer deems necessary, he may require the Contractor for project suspension in writing, and shall within48 hours thereafter, provide a written statement of opinion. The Contractor shall suspend the construction and properly protect the completed constructions according to the requirement of the Engineer. The Contractor can submit in writing an application for resuming the construction after he has implemented the instruction of the Engineer, and the Engineer shall reply to such application within 48 hours. The Contractor can resume the construction work, if the Engineer fails to provide the written statement of opinion within the above-mentioned time limit, or fails to reply within 48 hours after receiving the resuming application from the Contractor. If the suspension is due to reasons attributable to the Employer, the Employer shall assume the Additional Contract Price arising out thereof and the Project Period shall be extended accordingly; If the suspension is due to reasons attributable to the Contractor, the Expenses arising out there of shall be assumed by the Contractor and the Project Period shall not be extended.
Suspension of Construction. Same as above.
Suspension of Construction. Prior to the Project Completion Date, construction of the Project shall be suspended, whether as a result of the occurrence of an Event of Force Majeure or otherwise for a period of [*****] or more consecutive days.
Suspension of Construction. In case that the Engineer considers it necessary to suspend the construction, the Engineer shall request the Contractor to suspend the construction in Written Form and provides written suggestion on the solutions within 48 hours after making such request. The Contractor shall suspend the construction as required by the Engineer and take proper measures to protect the completed work of the Project. After implementing the solutions proposed by the Engineer, the Contractor may apply for resumption of construction in Written Form, and the Engineer shall respond to such application within 48 hours. If the Engineer fails to provide solutions within the specified time frame, or to respond within 48 hours after receiving the application for resumption of construction from the Contractor, the Contractor may resume the construction on its own. In case that the suspension of construction is caused by reason of the Client, the Client shall bear any Additional Contract Price incurred, hold the Contractor harmless against any loss incurred resulting therefrom and extend the Duration accordingly; in case that such suspension is caused by reason of the Contractor, the Contractor shall bear any Cost incurred resulting therefrom and the Duration will not be extended.
