Commencement and Completion of Construction. Subject to Unavoidable Delays, Developer shall cause construction of the Minimum Improvements to be undertaken and completed: (i) by no later than June 1, 2020; or (ii) by such other date as the parties shall mutually agree upon in writing. Time lost as a result of Unavoidable Delays shall be added to extend this date by a number of days equal to the number of days lost as a result of Unavoidable Delays. All work with respect to the Minimum Improvements shall be in conformity with the Construction Plans approved by the building official or any amendments thereto as may be approved by the building official. Developer agrees that it shall permit designated representatives of the City, upon reasonable notice (which does not have to be written), to enter upon the Development Property during the construction of the Minimum Improvements to inspect such construction and the progress thereof.
Commencement and Completion of Construction. The Company shall begin Construction Activities no later than January 1, 2014 (“Commencement Date”) and secure a final Certificate of Compliance by August 27, 2015 (hereinafter, “Completion Date”).
Commencement and Completion of Construction. Following Tenant’s satisfaction of all of the requirements of Section 2 above and this Section 3, Tenant shall commence construction and installation of the Tenant Improvements in accordance with the Construction Drawings and shall pursue the same diligently to completion. Tenant covenants to give Landlord at least ten (10) days’ prior written notice of its commencement of construction or delivery of materials to the Premises to enable Landlord to post a notice of nonresponsibility respecting the Tenant Improvements.
Commencement and Completion of Construction. The Company shall apply for a permit(s) valued at no less than $1,500,000 by no later than December 31, 2016 and secure a final Certificate of Compliance for 100% of the improvements made to the Commercial Space, the Associated Parking Improvements, and the Open Space by June 30, 2019 (hereinafter, “Completion Date”).
Commencement and Completion of Construction. Subject to Unavoidable Delays, the Developer shall demolish the existing building within 180 days after the Closing Date and shall commence construction of the Minimum Improvements within one year after the Closing Date, but no later than December 31, 2020. Subject to Unavoidable Delays, the Developer shall have substantially completed the construction of the Minimum Improvements no later than December 31, 2021. All work with respect to the Minimum Improvements to be constructed or provided by the Developer on the Development Property shall be in substantial conformity with the Construction Plans and Developer will not modify the size or exterior appearance of the Minimum Improvements without the consent of the EDA and the City, which consent shall not be unreasonably withheld. The Developer shall make such reports to the EDA regarding construction of the Minimum Improvements as the XXX xxxxx necessary or helpful in order to monitor progress on construction of the Minimum Improvements.
Commencement and Completion of Construction. Borrower shall cause the Construction of the Improvements to be commenced and prosecuted in a good and workmanlike manner and shall cause the same to be completed in accordance with the Project Schedule and substantially in accordance with the Plans and Specifications.
Commencement and Completion of Construction. Borrower shall not cause or permit the commencement of construction of the Improvements or delivery of materials to the Land until after recording of the Security Instrument with the appropriate recorder’s office of the county where the Land is located and after obtaining all permits and approvals that are necessary to permit Borrower to commence construction of the Improvements. Borrower shall commence construction of the Improvements (including demolition of any existing improvements) no later than one hundred twenty (120) days from the date of this Agreement (subject to extension for Force Majeure Events as hereinafter provided) and Borrower shall diligently pursue said construction to the Completion Event, and shall supply such moneys required in excess of the Loan Amount and Borrower’s Equity and perform such duties as may be necessary to complete the construction of the Improvements in substantial accordance with the Plans and Specifications and all Requirements, and achieve the Completion Event, all of which shall be accomplished on or before the Completion Date, subject to extension for Force Majeure Events not to exceed sixty (60) days in the aggregate. Completion of the Improvements shall be without liens, claims or assessments (actual or contingent) pending against the Property for any material, labor or other items furnished in connection therewith (except for liens that have been bonded around in accordance with applicable Requirements so that such liens and claims are not encumbrances to the title of the Property). Borrower shall obtain and deliver to Administrative Agent copies of all building permits required for the construction of the Improvements at such time as such permits are required to be obtained under applicable Requirements for that phase of the construction of the Improvements then in process, and will provide to Administrative Agent copies of all other utility, building, health and operating permits (if any) upon Administrative Agent’s request. No phase of the construction of the Improvements shall commence until all permits required for such phase of the construction of the Improvements have been obtained. Borrower will provide to Administrative Agent upon request therefor evidence of satisfactory compliance with all of the foregoing.
Commencement and Completion of Construction. Subject to the satisfaction of all conditions set forth in Section 2.1 above as well as the execution by Developer of a guaranteed maximum price construction contract for the construction of the Garage and the Hotel upon terms and conditions satisfactory to Developer in its sole and absolute discretion, Developer shall, subject to Unavoidable Delays and/or Unforeseen Condition(s), at its sole cost and expense commence construction of the Hotel within sixty (60) days from and after the date of the issuance of the Notice to Proceed, but no later than the Construction Commencement Deadline, and (b) shall commence construction of the Garage in such time as to complete Garage construction so as to facilitate and permit the timely opening of the Hotel and thereafter continue to prosecute Construction of the Hotel and Garage with diligence and continuity to completion. Developer shall diligently pursue all conditions precedent to County’s issuance of the Notice to Proceed. If Developer fails to timely Commence Construction of the Hotel or if, after Developer has Commenced Construction of the Hotel and Garage, Developer, subject to Unavoidable Delays and/or Unforeseen Condition(s), fails to diligently prosecute Construction of the Hotel or Garage, and such failure continues for thirty (30) consecutive days after Developer’s receipt of notice of such failure, County shall, in addition to all of its other remedies under the Project Documents, have the right to seek such equitable relief (either mandatory or injunctive in nature), in accordance with Section 19.2(a), as may be necessary to cause diligent and continuous prosecution of construction of the Hotel and Garage by Developer, it being understood that Construction of the Hotel and Garage is a material inducement to County to enter into the Project Documents and monetary damages shall be inadequate to compensate County for harm resulting from such failure. Notwithstanding anything to the contrary contained herein, if Developer fails, subject to Unavoidable Delays and/or Unforeseen Condition(s), to Complete Construction of the Hotel and Garage by the Default Date, then the same shall constitute an Event of Default under this Agreement and under the other Project Documents and County shall be entitled to exercise its remedies in the manner set forth in Section 19.2(a).
Commencement and Completion of Construction. Subject to Unavoidable Delays, the Redeveloper shall commence construction of the Minimum Improvements by December 31, 2020. Subject to Unavoidable Delays, the Redeveloper shall substantially complete the construction of the Minimum Improvements by December 31, 2022. All work with respect to the Minimum Improvements to be constructed or provided by the Redeveloper on the Redevelopment Property shall be in conformity with the Construction Plans as submitted by the Redeveloper and approved by the Authority. For purposes of this Agreement, construction shall be deemed to commence upon the commencement of environmental remediation activities necessary to carry out the construction of the Minimum Improvements. The Redeveloper agrees for itself, its successors, and assigns, and every successor in interest to the Redevelopment Property, or any part thereof, that the Redeveloper, and such successors and assigns, shall promptly begin and diligently prosecute to completion the development of the Redevelopment Property through the construction of the Minimum Improvements thereon, and that such construction shall in any event be commenced and completed within the period specified in this Section. After the date of this Agreement and until the Minimum Improvements have been fully constructed, the Redeveloper shall make reports, in such detail and at such times as may reasonably be requested by the Authority, but no more than monthly, as to the actual progress of the Redeveloper with respect to such construction.
Commencement and Completion of Construction. Subject to the terms and conditions of this Agreement and to Unavoidable Delays, the Developer will commence construction of the Project within 30 days following the Developer’s closing on the purchase of the Development Property and be substantially completed by December 31, 2019. The Project will be constructed by the Developer on the Development Property in conformity with this Agreement and the Construction Plans approved by the City. No changes shall be made to the Construction Plans for the Project without the City’s prior written approval, unless the aggregate of such changes do not increase or decrease the Total Development Costs by more than 10%. No changes which materially alter (a) the Project’s site plan, (b) exterior appearance, (c) quality, (d) exterior materials, or (e) the purposes of the Project as a wedding and event center and provider of recreational activities shall be made without the City’s prior written consent. The approval of the City will not be unreasonably withheld, unreasonably conditioned or unreasonably delayed. Prior to completion, upon the request of the City, and subject to applicable safety rules, the Developer will provide the City reasonable access to the Development Property. “Reasonable access” means at least one site inspection per week during regular business hours. During construction, marketing and rentals of the Project, the Developer will deliver progress reports to the City from time to time as mutually agreed upon by the City and the Developer.
