Examples of Substantial Completion in a sentence
Prior to Substantial Completion, any notice to Landlord relating to the Planned Improvements, Construction Budget or any other matter described in this Section 6.5 (including, without limitation, any consent requests or Advance Notices) shall not be effective unless a copy is also delivered to Landlord’s Consultant in accordance with Section 35.1 to an address provided by Landlord.
Any applicable statute of limitations shall begin to run and any alleged cause of action shall be deemed to have accrued in all events not later than the date of Substantial Completion.
The parties agree that no extension beyond any required date of completion, whether Substantial Completion or Final Completion, fixed by the terms of the Contract shall be effective unless granted in writing, and signed by the Owner’s Procurement Agent or his designee.
The initial maintenance term shall commence on the date of Substantial Completion of the Project in accordance with the DB Agreement with the issuance by TxDOT of Maintenance NTP1 (the “Initial Maintenance Term Commencement Date”), and shall continue for a period of five years, unless terminated earlier in accordance with the terms of this Comprehensive Maintenance Agreement (the “Initial Maintenance Term”).
Contractor further acknowledges and agrees that if Contractor fails to complete substantially or cause the Substantial Completion of any Phase of the Work within the Contract Time, Owner will sustain extensive damages and serious loss as a result of such failure.