Common use of Building Improvements Clause in Contracts

Building Improvements. If at any time between the date of the issuance of a Notice to Proceed with respect to any Phase and the date that Final Completion thereof is achieved, the Building Improvements for such Phase or any part thereof shall be damaged by Casualty, the Developer shall give prompt notice to the Owner of the Casualty occurrence and extent of the damage and shall then proceed promptly and with reasonable diligence, subject to the availability of insurance proceeds and Force Majeure, to repair, or cause to be repaired, the damaged Building Improvements to their condition immediately before the Casualty.