Timing of Construction. Seller agrees to finish the Unit and the Project according to the Plans within twenty-four (24) months after the Construction Commencement Milestone Deadline (defined in Section 5(c)(ii) below) and before the Substantial Completion Milestone Deadline, provided that Purchaser meets all terms and conditions of this Agreement including but not limited to timely payment of all Deposits to the Escrow Agent due in accordance with the Purchase Price payments schedule contained herein in section 2(a). In the event of construction delays of the Condominium and the Unit due to conditions beyond Seller´s control including natural physical events, lightning, tropical storms, hurricanes, tornados, floods, wind damage, earthquake, fires, the inability of the Seller to obtain construction materials or labor workforce on terms reasonably acceptable to the Seller directly attributable and due specifically to general market conditions, civil disturbances, transportation or production disasters, pandemics, epidemics, power or other public utility failures occurred in general, and other force majeure events and/or acts of God, or any other causes beyond the reasonable or practical control of Seller, the date in which construction of the Condominium and the Unit shall be substantially completed and the Closing Period shall be extended by a number of days equal to the delay.
Timing of Construction. All required inclusionary units shall be constructed and occupied concurrently with or prior to the construction of the associated market-rate units or development as set forth in Exhibit C. Provided, however, that the last inclusionary unit in the project shall be constructed before or concurrent with the issuance of the certificate of occupancy for the final market- rate single family unit in the project.
Timing of Construction. Redeveloper will use commercially reasonable efforts to complete the Private Improvements within eighteen (18) months following the Authority’s execution of this Contract (subject to any excusable delay permitted by Paragraph 25 hereof).
Timing of Construction. Redeveloper will use commercially reasonable efforts to complete the Redeveloper Improvements within thirty (30) months following City Council approval and the Mayor’s execution of this Agreement.
Timing of Construction. Construction will depend on the number of interested locations in the area, weather, seasonal changes, availability of fiber-optic cabling, and availability of construction crews. Actual construction timelines and estimates will be shared with those who are interested before the project starts. The parties acknowledge and agree that such construction and installation may be delayed by factors beyond the control of Alliance such as weather conditions and the availability of construction crews and fiber optic cable.
Timing of Construction. The Parks, Trails and Open Space shall, generally, be improved along with the construction of the Development Applications to which they are adjacent. Parks and Trails shall be constructed in all Phases as will be shown on the Phasing Plan. The Trails shown in red on the Concept Plan shall be constructed along with the first ten percent (10%) of the Residential Dwelling Units. No building permits shall be issued for the final twenty (20%) of the Maximum Residential Units until the required Parks, Trails and Open Space have been completed.
Timing of Construction. Developer intends to commence construction of the Project as soon as possible, however, Developer shall commence construction before January 1, 2024. The Project is expected to take up to 18 months to complete. Absent Force Majeure (as defined hereinafter), if Developer does not commence construction by January 1, 2024, then Town may elect to require Developer to reconvey the Town Property to Town. Any such reconveyance of the Town Property shall be free and clear of any and all encumbrances, liens, mortgages, easements, agreements, and other matters of record, other than those existing immediately prior to Town’s delivery of the Town Property to Developer, and Developer’s lender shall immediately execute releases of any mortgages, assignments of leases and rents, and any other instruments encumbering the Town Property, whether or not such instruments are deemed released and/or extinguished by operation of law. No consent from, or notice to, any of Developer’s lenders or any cure right in favor of any such lenders shall be required in connection with the exercise of such right. For purposes of this Section, “commence construction” shall mean material and substantial work on the Project Site related to the construction of the Project pursuant to Required Permits, including but not limited to demolition, excavation, earthwork, grading, or other sitework. The foregoing terms shall be incorporated into the Deed and the Multi-Party Agreement executed by and between Town, Developer, and Project Lender, if applicable. Notwithstanding the time periods described above, Developer currently intends to start construction of the Project after closing and hopes to complete construction approximately 14 months so that the Project can be completed prior to January 1, 2024; provided that, it shall not be an event of default under this Agreement if the project is completed after this date.
Timing of Construction. Redeveloper will use commercially reasonable efforts to complete salvage and demolition of those portions of the existing buildings within one hundred and twenty (120) days following City Council’s approval and the Mayor’s execution of this Agreement and to substantially complete construction of the Redeveloper Improvements located upon the HS Property and WRK Property within eighteen (18) months following the completion of demolition. Airspace will use its best efforts to substantially complete construction of the Airspace Improvements on the Airspace Property within eighteen months following City Council approval and the Mayor’s execution of this Agreement.
Timing of Construction. Redeveloper will use commercially reasonable efforts to substantially complete the Redevelopment Project Private Improvements except for the Optional Private Improvements within twenty-four (24) months following City Council’s approval and the Mayor’s execution of this Agreement by July 15, 2012. Redeveloper will use commercially reasonable efforts to substantially complete the Optional Private Improvements within twelve months from the start of construction
Timing of Construction. A. Block 85 has substantially completed construction of the Color Court Building located on the Xxxxx 00 Xxxxxxxx. Xxxxx 85 will use its best efforts to substantially complete construction of its Private Improvements located within the Peanut Butter Factory Building within eighteen months following City Council’s approval and the Mayor’s execution of this Amended Agreement.
