Examples of Development Completion Date in a sentence
If Lessor elects to cure any Unforeseen Condition, Lessor shall cure the same within such period to be reasonably agreed upon in writing by Lessor and Lessee based on an independent third party contractor estimate of the time for such cure, and to the extent such cure results in an actual delay in the Development Completion Date, the Outside Development Completion Date shall be extended by such period.
The Initial Development Completion Date will be deemed to be the date YPC receives the Marchex Delivery Notice unless, ***, YPC notifies (email sufficing) Marchex Local of any defect or deficiency in the Initial Transition Development Items, and in fact there exists such defect or deficiency constituting a failure of Marchex Local to complete the Initial Transition Development Items in all material respects.
During the Term after the Development Completion Date, Lessee shall obtain and maintain all necessary licenses and permits required in connection with the operation of the Property for the Permitted Uses.
Where there is an adjustment to the Substantial Completion Date, the Long Stop Development Completion Date shall be equally adjusted on a day for day basis; provided, however, that Contractor shall use all commercially reasonable efforts to avoid the need for an adjustment to the Long Stop Development Completion Date by accelerating or resequencing the Work, the costs of which shall be dealt with in accordance with Section 5.4 below.
Notwithstanding anything to the contrary in this Lease, during the Term after the Development Completion Date, Lessee or an Affiliate of The Madison Square Garden Company shall operate and manage the Property in a manner consistent with the Building Standard; provided, however, that nothing herein shall restrict Lessee’s ability to contract with one or more facilities management companies.