Timing of Estate Home construction Sample Clauses

Timing of Estate Home construction. Seller agrees to achieve Substantial Completion of the Estate Home in accordance with the Plans and Specifications no later than twenty-four (24) months following Infrastructure Commencement (the “Substantial Completion Date”), provided that Purchaser meets all terms and conditions of this Agreement including but not limited to timely payment of all Deposits due in accordance with this Agreement. In the event of construction delays or delays in the approval of ICT Petition due to conditions beyond Seller’s control including work stoppage due to labor disputes, strikes, governmental agency delays or any other actions by governmental agencies that are not the result of Seller’s failure to comply with its obligations under applicable law, changes in legislation, court or administrative decisions that demonstrably and materially adversely affect Seller’s rights under this agreement, natural physical events, lightning, floods, wind damage, earthquake, fires, the inability of the Seller to obtain materials or labor on terms acceptable to the Seller, civil disturbances, transportation or production disasters, power or other utility failures, force majeure events (including circumstances affecting the construction resulting from a pandemic) and acts of God, or any other causes beyond the reasonable or practical control of Seller (collectively “Force Majeure”), the Substantial Completion Date and the Closing Period shall be extended by a number of days equal to the delay.
Sample 1
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Related to Timing of Estate Home construction

  • Interpretation In this Agreement:

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