Construction Covenant definition

Construction Covenant means a covenant under section 219 of the Land Title Act substantially in the form that is attached at Schedule “S” hereto;
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Construction Covenant means that certain Construction Covenant dated as of even date hereof and recorded among the Land Records against the Land.
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Examples of Construction Covenant in a sentence

  • The District shall also require that an affiliate of the developer, approved by the District, execute a Development and Completion Guaranty in the form attached to the PDA guaranteeing the completion of the Project in accordance with the Construction Covenant.

  • At Closing, developer shall deliver to District a deposit to secure developer’s performance of developer’s obligations under the Construction Covenant in the form attached to the PDA (the “Performance Bond”).

  • The PDA and Construction Covenant will include a requirement for the developer to complete construction on a timeline specific to the parcel.

  • MRIS and TFIS had the problem of unauthorized water withdrawals by community members for domestic purposes including laundry, brick making, livestock drinking, etc.

  • The parties hereto likewise stipulate that, as of the date of the Contract and this Addendum, it is difficult to ascertain the amount of actual damages that would result from Buyer’s breach of the Construction Covenant to construct the restaurant within the two (2) year time frame agreed to in Section 11 of this Addendum.

  • The Purchaser’s performance of the Construction Covenant, including the payment of Fifty Thousand Dollars ($50,000.00) in liquidated damages, shall be secured by a Deed of Trust encumbering the Property.

  • Seller and Buyer further agree that, as of the date of the Contract and this Addendum, $20,000.00 is a fair and reasonable estimate of the presumed actual damages that the Buyer’s breach of the Construction Covenant would cause Seller.

  • At Closing, developer shall deliver to the District a deposit to secure developer’s performance of developer’s obligations under the Construction Covenant in the form attached to the PDA (the “Performance Bond”).

  • If Buyer breaches the Construction Covenant, Buyer and Seller agree that Seller will suffer substantial actual damages in the form of lost or delayed sales and use tax and lodger’s tax revenues to the Seller.

  • Provided however that any unit forwhich final demand has been raised by the Company but for whichpossession has not been taken over by the customer despite 2 (two) written reminders and passage of 4 (four) months from the raising of the final demand shall be deemed to have been handed over for the purpose of completion of the Construction Covenant.

Related to Construction Covenant

  • Erection, construction, remodeling, repairing means all types of work done on a particular building or work at the site thereof in the construction or development of the project, including without limitation, erecting, construction, remodeling, repairing, altering, painting, and decorating, the transporting of materials and supplies to or from the building or work done by the employees of the Contractor, Subcontractor, or Agent thereof, and the manufacturing or furnishing of

  • Construction Completion Date means the Completion Date of the Construction as specified in the Statutory Declaration of Completion for the Project;

  • Construction project means the same as that term is defined in Section 38-1a-102.

  • Construction Work means any work in connection with⎯

  • construction work permit means a document issued in terms of regulation 3; "contractor" means an employer who performs construction work;

  • Construction Completion means physical construction of a cleanup action component is complete.

  • Construction Loan Agreement means the Loan Agreement to be entered into by and between the Construction Lender and the Partnership, as amended.

  • Construction Period means the period commencing from the Appointed Date and ending on the date of the Completion Certificate;

  • Construction Zone shall have the meaning set forth in Clause 8.3 (i);

  • Construction Plant means appliances, machinery with necessary supply to up keep and maintenance of the works or temporary works but dose not include materials or other things intended to form part of the permanent work.

  • Construction Contractor means a person who undertakes to or offers to undertake to, or purports to have the capacity to undertake to, or submits a bid to, or does himself or by or through others, construct, alter, repair, add to, subtract from, improve, move, wreck, or demolish any building, highway, road, railroad, excavation, or other structure, project, development, or improvement to real property, or to do any part thereof. "Construction contractor" includes subcontractors, specialty contractors, prime contractors, and any person receiving consideration for the general supervision and/or coordination of such a construction project except for remediation contracting. This definition shall govern without regard to whether or not the construction contractor is acting in fulfillment of a contract.

  • Construction Contract or “contract” means a written agreement between a contractor and a public agency for the construction, alteration, demolition, or repair of a facility, other than a contract having a dollar value of less than $30,000.00 or a contract that provides for 3 or fewer payments.

  • Construction Works means all works and things necessary to complete the Project in accordance with this Agreement;

  • Construction Phase means that Phase of the Project which shall commence after the Authority provides the Trade Contractor with written Notice to Proceed with the Construction Phase.

  • Construction Service Agreement means either an Interconnection Construction Service Agreement or an Upgrade Construction Service Agreement.

  • Construction and Demolition Debris means and includes:

  • Improvement completion assurance means a surety bond, letter of credit,

  • Construction Agreement means the proposed building agreement between the Company and a proposed builder substantially in the form of the draft agreement a copy of which has been signed on behalf of the Authority and the Company for the purposes of identification;

  • construction site means a workplace where construction work is being performed;

  • Facility Lease means a lease or master lease with respect to any Real Property Asset owned or ground leased by any of the Consolidated Parties as lessor, to a third party Tenant, which, in the reasonable judgment of the Administrative Agent, is a triple net lease such that such Tenant is required to pay all taxes, utilities, insurance, maintenance, casualty insurance payments and other expenses with respect to the subject Real Property Asset (whether in the form of reimbursements or additional rent) in addition to the base rental payments required thereunder such that net operating income to the applicable Consolidated Party for such Real Property Asset (before non-cash items) equals the base rent paid thereunder; provided, that each such lease or master lease shall be in form and substance reasonably satisfactory to the Administrative Agent.

  • Construction Costs means land costs, all costs paid to construct and complete the Improvements, as specified on Exhibit "B" attached hereto and made a part hereof.

  • Landlord’s Work means the work of constructing the Tenant Improvements.

  • Construction Debt means debt incurred to fund (a) all or a portion of a Capital Improvement, (b) interest payments (including periodic net payments under related interest rate swap agreements) and related fees on other Construction Debt or (c) distributions (including incremental Incentive Distributions) on Construction Equity.

  • Interconnection Construction Service Agreement means the agreement entered into by an Interconnection Customer, Interconnected Transmission Owner and the Transmission Provider pursuant to Tariff, Part VI, Subpart B and in the form set forth in Tariff, Attachment P, relating to construction of Attachment Facilities, Network Upgrades, and/or Local Upgrades and coordination of the construction and interconnection of an associated Customer Facility. A separate Interconnection Construction Service Agreement will be executed with each Transmission Owner that is responsible for construction of any Attachment Facilities, Network Upgrades, or Local Upgrades associated with interconnection of a Customer Facility.

  • Expansion Project has the meaning set forth in Section IV.3.a of this Agreement.

  • Subproject means a specific project to be carried out by an existing BE utilizing the proceeds of a Sub-loan or Investment, as hereinafter defined, fulfilling the conditions set forth in Part A of Schedule 4 to this Agreement;