Examples of Series 2022 Project in a sentence
Financing of Series 2022 Project and Any Additional Improvements 11 Section 5.
The Sublessee agrees to accept delivery of the Sublease Premises from the Sublessor when Substantial Completion of the Series 2022 Project occurs, in accordance with the terms of the Ground Lease.
Pursuant to the University Sublease, the Lessor, as sublessee, shall be solely responsible, and shall directly pay or incur all costs and expenses necessary, for the operation, management, maintenance, and (subject to the Lessee's obligation to repair of the Premises in the event of a casualty) repair of the Series 2022 Project and shall keep the Series 2022 Project in a condition of good repair, ordinary wear and tear excluded.
The Lessee shall provide the Lessor with copies of all material documents and correspondence provided to or generated by the Lessee in connection with construction of the Series 2022 Project and shall provide the Lessor with monthly progress reports in a form reasonably satisfactory to the Lessor demonstrating compliance during the previous month with the requirements of the Plans and Specifications, the Construction Documents and this Ground Lease for the previous month.
Upon the making of the initial deposits described above in this Section 2.11, the Governmental Lender shall originate the Series 2021 Project Loan and the Series 2022 Project Loan, respectively, pursuant to the Project Loan Agreement and the Fiscal Agent shall make the initial disbursement of amounts in the Project Loan Fund to (i) the Title Company for further disbursement in accordance with the Construction Continuing Covenant Agreement, or (ii) otherwise as provided in Section 4.02 hereof.
Within six (6) months after Substantial Completion of the Series 2022 Project, Lessee will cause a LEED® certification application for the Project to be submitted to the USGBC, and will diligently pursue such certification to completion.
The Lessee shall commence (or shall cause the Developer to commence) grading or other site work for the Series 2022 Project by , and shall cause the Developer to diligently pursue the construction of the Series 2022 Project on the Property, in accordance with the Project Schedule and the terms of the Development Agreement, the Construction Contract, and this Ground Lease, so as to cause Substantial Completion of the Series 2022 Project by the Guaranteed Date.
Lessor hereby approves all Plans and Specifications attached to or referred to in the Construction Contract, as described in Exhibit 3 attached hereto, and approves of the construction of the Series 2022 Project in accordance with such Plans and Specifications.
The Lessee shall provide or cause to be provided commercial payment and performance bonds for the construction of the Series 2022 Project in accordance with the terms of this Ground Lease, the Construction Documents, and any construction documents with respect to any Additional Improvements, which bonds shall be subject to the approval of the Lessor and name the Trustee and the Lessor as a dual obligees under the bonds.
All building materials used in the Series 2022 Project must be new and of good quality in accordance with the Construction Contract and the Plans and Specifications.