Building Covenant Sample Clauses

Building Covenant. 5.22.1 At its own cost; (a) to use reasonable endeavours to commence construction of the National Maternity Hospital on the Premises within 3 years (or such longer period as the parties shall agree) from the date hereof; (b) once commenced to use reasonable endeavours to proceed with all reasonable speed to complete construction in a good substantial and workmanlike manner with good quality materials, in accordance with the Planning Permission and all relevant planning permissions, consents and approvals and the conditions set out in the Sixth Schedule within 5 years from commencement of the works (or such longer period as the parties agree); (c) to equip the National Maternity Hospital on the Premises and commission all necessary equipment substantially as per the specification annexed to the Seventh Schedule; (d) grant the Operating Licence on completion of the construction of the National Maternity Hospital; and (e) operate or procure the operation of the National Maternity Hospital as a public hospital in accordance with the provisions of this Lease. 5.22.2 Where the Tenant has not; (a) commenced the construction of the National Maternity Hospital by the Long Stop Date (or such longer period that the parties may agree where the works have not commenced due to a delay arising from matters outside the reasonable control of the Tenant); or (b) where the Tenant has commenced construction of the National Maternity Hospital before the Long Stop Date but subsequently abandons progressing the construction of the National Maternity Hospital, the Tenant shall surrender this Lease and remove such works as have been carried out on the Premises where requested to do so by the Landlord at the cost of the Tenant. 5.22.3 For the purpose of this Clause 5.22.2 and this 5.22.3;