Commencement and Completion of Construction. The Company shall begin Construction Activities no later than January 1, 2014 (“Commencement Date”) and secure a final Certificate of Compliance by June 30, 2015 (hereinafter, “Completion Date”).
Commencement and Completion of Construction. Subject to Unavoidable Delays, Developer shall cause construction of the Minimum Improvements to be undertaken and completed: (i) by no later than June 1, 2020; or (ii) by such other date as the parties shall mutually agree upon in writing. Time lost as a result of Unavoidable Delays shall be added to extend this date by a number of days equal to the number of days lost as a result of Unavoidable Delays. All work with respect to the Minimum Improvements shall be in conformity with the Construction Plans approved by the building official or any amendments thereto as may be approved by the building official. Developer agrees that it shall permit designated representatives of the City, upon reasonable notice (which does not have to be written), to enter upon the Development Property during the construction of the Minimum Improvements to inspect such construction and the progress thereof.
Commencement and Completion of Construction. Following Tenant’s satisfaction of all of the requirements of Section 2 above and this Section 3, Tenant shall commence construction and installation of the Tenant Improvements in accordance with the Construction Drawings and shall pursue the same diligently to completion. Tenant covenants to give Landlord at least ten (10) days’ prior written notice of its commencement of construction or delivery of materials to the Premises to enable Landlord to post a notice of nonresponsibility respecting the Tenant Improvements.
Commencement and Completion of Construction. Borrower shall not cause or permit the commencement of construction of the Improvements or delivery of materials to the Land until after recording of the Security Instrument with the appropriate recorder’s office of the county where the Land is located and after obtaining all permits and approvals that are necessary to permit Borrower to commence construction of the Improvements. Borrower shall commence construction of the Improvements (including demolition of any existing improvements) no later than one hundred twenty (120) days from the date of this Agreement (subject to extension for Force Majeure Events as hereinafter provided) and Borrower shall diligently pursue said construction to the Completion Event, and shall supply such moneys required in excess of the Loan Amount and Borrower’s Equity and perform such duties as may be necessary to complete the construction of the Improvements in substantial accordance with the Plans and Specifications and all Requirements, and achieve the Completion Event, all of which shall be accomplished on or before the Completion Date, subject to extension for Force Majeure Events not to exceed sixty (60) days in the aggregate. Completion of the Improvements shall be without liens, claims or assessments (actual or contingent) pending against the Property for any material, labor or other items furnished in connection therewith (except for liens that have been bonded around in accordance with applicable Requirements so that such liens and claims are not encumbrances to the title of the Property). Borrower shall obtain and deliver to Administrative Agent copies of all building permits required for the construction of the Improvements at such time as such permits are required to be obtained under applicable Requirements for that phase of the construction of the Improvements then in process, and will provide to Administrative Agent copies of all other utility, building, health and operating permits (if any) upon Administrative Agent’s request. No phase of the construction of the Improvements shall commence until all permits required for such phase of the construction of the Improvements have been obtained. Borrower will provide to Administrative Agent upon request therefor evidence of satisfactory compliance with all of the foregoing.
Commencement and Completion of Construction. The Company shall apply for a permit(s) valued at no less than $1,500,000 by no later than December 31, 2016 and secure a final Certificate of Compliance for 100% of the improvements made to the Commercial Space, the Associated Parking Improvements, and the Open Space by June 30, 2019 (hereinafter, “Completion Date”).
Commencement and Completion of Construction. Borrower shall cause the Construction of the Improvements to be commenced and prosecuted in a good and workmanlike manner and shall cause the same to be completed in accordance with the Project Schedule and substantially in accordance with the Plans and Specifications.
Commencement and Completion of Construction. The Company shall begin Construction Activities no later than July 1, 2015 (“Commencement Date”) and secure a final Certificate of Compliance for 100% of the improvements made to the Commercial Space, including all of the Xxxx Tar Building, and 75% of the total residential units built by July 1, 2017 (hereinafter, “Completion Date”).
Commencement and Completion of Construction. The Company shall apply for a permit(s) valued at no less than $300,000 no later than September 1, 2014 (“Commencement Date”) and for additional permits with a cumulative value (including initial permit(s)) of up to $1,500,000 by no later than January 1, 2015; and secure a final Certificate of Compliance for 100% of the improvements made to the Commercial Space, including all of the Xxxx Tar Building, and 75% of the total residential units built by July 1, 2018 (hereinafter, “Completion Date”).
Commencement and Completion of Construction. Borrower shall not commence physical construction or rehabilitation of the Project unless and until Borrower shall have received Authorization to Proceed (as defined below). The recordation of the Mortgage shall be evidence of authorization by the Bondowner Representative to proceed with construction or rehabilitation (“Authorization to Proceed”). Borrower acknowledges and agrees that, upon receipt of the Authorization to Proceed, it shall promptly commence and thereafter it shall diligently continue construction to completion. Borrower shall complete the Project no later than [14 months from closing], subject to extension as set forth below (“Completion Date”). Borrower shall obtain a final, unconditional certificate of occupancy or the equivalent for the Project as soon as is permitted under local laws and regulations; but in all events prior to the Completion Date. In addition, Borrower shall record all appropriate notices of completion, and obtain certificates of occupancy, if necessary, or similar permits regarding completed apartment units and other spaces within the Project as necessary or required to permit the lawful use and occupancy of each of such units and spaces.
Commencement and Completion of Construction. Subject to Unavoidable Delays, the Developer shall commence construction of the Minimum Improvements no later than June 1, 2020. Subject to Unavoidable Delays, the Developer shall have substantially completed the construction of the Minimum Improvements no later than December 31, 2021 (except for the connection to the River to River Trail Section, which will be completed as provided in Section 4.9, above). All work with respect to the Minimum Improvements to be constructed or provided by the Developer on the Development Property shall be in substantial conformity with the Construction Plans and Developer will not modify the size or exterior appearance of the Minimum Improvements without the consent of the EDA and the City, which consent shall not be unreasonably withheld. The Developer shall make such reports to the EDA regarding construction of the Minimum Improvements as the XXX xxxxx necessary or helpful in order to monitor progress on construction of the Minimum Improvements.
