Commencement and Completion Sample Clauses

Commencement and Completion. Borrower shall commence construction of the Improvements without delay after recordation of the Deed of Trust and shall complete construction of the Improvements on or before the Completion Date.

Commencement and Completion. 4.2.1 Add the following:

Commencement and Completion. 7.1 Possession of the property shall be given to the contractor on a date not later than 2 (two) years after the date of transfer of the property into the name of the employer who shall thereupon within a reasonable time begin the Works and regularly proceed with and complete the same within 290 (TWO HUNDRED AND NINETY) days following the date given above, subject to anything to the contrary herein contained and subject furthermore to any extension of time granted by the Employer. In the event of the building operations coinciding with the Builder’s holiday period in any year, then the intended period of completion within the time limit as aforesaid shall be extended by an additional 30 (THIRTY) days. 7.2 The contractor shall be entitled to receive possession of the property when he is due to commence with the works and to retain possession of the works until all agreed amounts due and payable to him under this agreement have been paid in full and all obligations of the employer in terms of this agreement have been fulfilled. 7.3 Clauses 7.1 and 7.2 are subject to the proviso that the Contractor shall not be obliged to begin the Works until: 7.3.1 Transfer of the property into the name of the Employer has occurred; 7.3.2 the necessary plan and other approvals, consent or other authority required under any law (including any statute, ordinance, by-law and/or regulation) have been obtained by the Contractor; 7.3.3 the mortgage bond, where applicable, has been granted and registered. 7.3.4 all servitudes, if any, have been registered. 7.3.5 all preconditions in terms of the agreement for the sale of the property concluded between the Developer and the Employer, concluded simultaneously herewith have been met and fulfilled. 7.4 The Employer undertakes to employ only the Contractor to erect and complete the buildings, and undertakes not to employ any other Contractor or Sub-contractor to complete the buildings without the prior written consent of the Contractor excluding however such portions of the building works as the parties may agree upon in writing. 7.5 The drawings and finishing schedules in respect of the buildings have been drawn by the Contractor’s Architect and have been submitted to the Employer who warrants that he is satisfied therewith. These drawings and finishing schedules shall be regarded as any integral part of this agreement and deemed to the incorporated herein by reference. 7.6 If necessary all drawings relating to the buildings will be s...

Commencement and Completion. Borrower will cause the construction of the Improvements to commence by the Commencement Date and to be prosecuted with diligence and continuity and will complete the same in all material respects in accordance with the Plans and Specifications for the Improvements on or before the Completion Date and within the Budget (subject to any increases in the Budget funded by additional equity contributed by Borrower or Guarantor), free and clear of liens or claims for liens for material supplied and for labor services performed in connection with the construction of the Improvements.

Commencement and Completion. 3.1 The Owner agrees to commence the Restoration Works, Landscaping Works, and Servicing Works forthwith upon adoption of City of Kelowna Heritage Revitalization Agreement Authorization Bylaw No. and to complete the Works no later than August 1, 2006.

Commencement and Completion. The services performed under this Task Order shall be completed by [ _ ], 20[ ].

Commencement and Completion. The Work to be performed under this Agreement shall commence at the time as specified in the Notice to Proceed, and the Contractor shall diligently undertake the performance of the obligations as set forth in the Contract Documents to achieve Final Completion of the Work (as defined at Section 9.9

Commencement and Completion. The Installation Contractor shall commence the Installation Works, as soon as reasonably practicable (in accordance with the standards of a Reasonable and Prudent Operator) after the Commencement Date with due expedition and without delay and in accordance with the Programme. If at any time the Project Company acting reasonably believes that Installation Works along the critical path are delayed such that the Commercial Operation Date is unlikely to be achieved by the Scheduled COD, the Project Company shall be entitled at its discretion, to either require or direct the Installation Contractor to perform the obligations under this Agreement at an accelerated schedule in order to achieve the Commercial Operation Date by the Scheduled COD. The cost for such acceleration of the schedule of the Installation Works shall be borne by the Installation Contractor to the extent that any delay is attributable to the Installation Contractor. If the Commercial Operation Date does not occur on or before the Scheduled COD then the Installation Contractor shall pay the Project Company delay liquidated damages ("Delay Liquidated Damages") at the Delay Liquidated Damages Rate for each day that elapses between the Scheduled COD and the Commercial Operation Date.1 The payment of Delay Liquidated Damages shall not relieve the Installation Contractor from its obligation to complete the Installation Works, or from any other duties, obligations or responsibilities which he may have pursuant to this Agreement. The maximum Delay Liquidated Damages payable by the Installation Contractor under this Clause 12 (Commencement and Completion) shall not exceed in the aggregate, the Delay Liquidated Damages Cap. Delay Liquidated Damages shall be paid by the Installation Contractor to the Project Company on or before the fifth(5th) day of each month for the sums incurred in the previous month. If the Installation Contractor fails to complete the Installation Works to achieve the Commercial Operation Date by the Commercial Operation Longstop Date Due to any reason attributable to the Installation Contractor, Clause 24.1(a)(vii) (Installation Contractor Termination Events) shall apply. The Installation Contractor shall promptly give notice to the Project Company of any circumstance which may delay the execution of the Installation Works. The Installation Contractor shall also submit a revised Programme whenever the previous one is inconsistent with actual progress or with the Installation Cont...

Commencement and Completion. Borrower shall cause construction of the Improvements to be prosecuted and completed in good faith, with due diligence, and without delay, subject to any Force Majeure Events; provided, however, that in all events all Improvements shall be constructed and completed prior to the applicable Lot Advance Maturity Date or applicable Home Advance Maturity Date for the subject Lot or Home for which said Improvements are being constructed. Upon demand by Lender, Borrower shall correct any defect in the Improvements or any material departure from any applicable Requirements or, to the extent not theretofore approved in writing by Lender, the applicable plans and specifications. Borrower understands and agrees that the inspection of the Improvements on behalf of Lender, the review by Lender or others acting on behalf of Lender of Draw Requests and related documents and information, the making of Advances by Lender, and any other actions by Lender will be for the sole benefit of Lender and will not be a waiver of the right to require compliance with this Section 6.9. In the event that construction of any Improvements for any Qualified Project is abandoned or halted prior to completion for any period of fifteen (15) consecutive days for any cause not a Force Majeure Event (or for any period up to, in the aggregate, ninety (90) consecutive days as a result of one or more Force Majeure Events) or otherwise beyond the reasonable control of Borrower, Contractor or any subcontractor, or not completed by the applicable maturity date, then said Qualified Project shall cease to be part of the Borrowing Base until a cure thereof shall have occurred.