Common use of Timing of Construction and Completion Clause in Contracts

Timing of Construction and Completion. The Parties acknowledge and agree that, except as expressly required pursuant to the PD Rezoning, Landowner cannot at this time predict when or the rate at which the Project will be constructed, that there is no requirement that Landowner initiates or completes construction of the Project within any particular period of time, that the City shall not impose such a requirement on any Subsequent Approval, and that Landowner may construct the Project, if at all, at the rate and time Landowner deems appropriate within the exercise of its reasonable business judgment, subject to City Applicable Law.

Timing of Construction and Completion. The Parties acknowledge and agree that, except as expressly required pursuant to the PD Rezoning, that Landowner cannot at this time predict when or the rate at which the Project will be constructed, that there is no requirement that Landowner initiates or completes construction of the Project within any particular period of time, that the City shall not impose such a requirement on any Subsequent Approval, and that Landowner may construct the Project, if at all, at the rate and time Landowner deems appropriate within the exercise of its reasonable business judgment, subject to City Applicable Law.