Common use of Work Dates (Commencement and Substantial Completion) Clause in Contracts

Work Dates (Commencement and Substantial Completion). Contractor shall initiate on- site construction within a reasonable time after Contractor and Buyer have signed this Agreement. The Buyer shall be obligated to pursue any loan application that is the subject of a financing contingency as described in the Purchase and Sale Agreement with reasonable diligence and also, to provide Contractor with evidence of the Buyer’s pursuit of financing upon Contractor’s request. If the Buyer fails to pursue financing with reasonable diligence or fails to obtain financing as required by this Agreement or by the Purchase and Sale Agreement, then Contractor may elect, in its sole and exclusive discretion, to terminate this Agreement. Buyer consents to Contractor’s direct communication with the Buyer’s lender or proposed lender for purposes of describing the construction to be completed, for identifying any phase of completion of any construction work, to describe any outstanding work to be completed or for coordinating inspection or review of any contracts, documents or drawings. The Buyer shall cooperate in good faith with Contractor and the lender or proposed lender to provide any information or additional consents as may be required by any lender or proposed lender for any and all purposes described in this Section 5. The work under the Agreement shall be substantially completed by _ [date]. The date of substantial completion is contingent upon strikes, accidents, weather conditions, road postings, infrastructure delays, delays caused by Buyer, work change orders or delays beyond the control of Contractor.

Work Dates (Commencement and Substantial Completion). Contractor shall initiate on- on-site construction within a reasonable time after Contractor and Buyer have signed this Agreement. The Buyer shall be obligated to pursue any loan application that is the subject of a financing contingency as described in the Purchase and Sale Agreement with reasonable diligence and also, to provide Contractor with evidence of the Buyer’s pursuit of financing upon Contractor’s request. If the Buyer fails to pursue financing with reasonable diligence dilligence or fails to obtain financing as required by this Agreement or by the Purchase and Sale Agreement, then Contractor may elect, in its sole and exclusive discretion, to terminate this Agreement. Buyer consents to Contractor’s direct communication with the Buyer’s lender or proposed lender for purposes of describing the construction to be completed, for identifying any phase of completion of any construction work, to describe any outstanding work to be completed or for coordinating inspection or review of any contracts, documents or drawings. The Buyer shall cooperate in good faith with Contractor and the lender or proposed lender to provide any information or additional consents as may be required by any lender or proposed lender for any and all purposes described in this Section 5. The work under the Agreement shall be substantially completed by ____________ [date]. The date of substantial completion is contingent upon strikes, accidents, weather conditions, road postings, infrastructure infrascture delays, delays caused by Buyer, work change orders or delays beyond the control of Contractor.

Work Dates (Commencement and Substantial Completion). Contractor shall initiate on- site construction within a reasonable time after Contractor and Buyer have signed this Agreement. The Buyer shall be obligated to pursue any loan application that is the subject of a financing contingency as described in the Purchase and Sale Agreement with reasonable diligence and also, to provide Contractor with evidence of the Buyer’s pursuit of financing upon Contractor’s request. If the Buyer fails to pursue financing with reasonable diligence dilligence or fails to obtain financing as required by this Agreement or by the Purchase and Sale Agreement, then Contractor may elect, in its sole and exclusive discretion, to terminate this Agreement. Buyer consents to Contractor’s direct communication with the Buyer’s lender or proposed lender for purposes of describing the construction to be completed, for identifying any phase of completion of any construction work, to describe any outstanding work to be completed or for coordinating inspection or review of any contracts, documents or drawings. The Buyer shall cooperate in good faith with Contractor and the lender or proposed lender to provide any information or additional consents as may be required by any lender or proposed lender for any and all purposes described in this Section 5. The work under the Agreement shall be substantially completed by _ [date]. The date of substantial completion is contingent upon strikes, accidents, weather conditions, road postings, infrastructure infrascture delays, delays caused by Buyer, work change orders or delays beyond the control of Contractor.