Construction Completed Clause Samples
The 'Construction Completed' clause defines the point at which construction work is considered finished according to the contract. Typically, this clause outlines the criteria for completion, such as obtaining a certificate of substantial completion, passing final inspections, or meeting all contractual specifications. It may also specify the process for notifying the parties and handling any remaining minor work or deficiencies. The core function of this clause is to establish a clear and objective standard for when construction obligations are fulfilled, which is essential for triggering final payments, transferring risk, and starting warranty periods.
Construction Completed. Each Mortgaged Property financed by a Mortgage in the Multifamily Loan Group that is secured by a newly-constructed property has achieved a percentage of physical occupancy of more than 65% as indicated in Annex A to the Prospectus Supplement.
Construction Completed. Except with respect to In-Progress Sites, all Tower Structures have been delivered to the Tower Sites, and all installation and construction with respect thereto is complete and, to the knowledge of Powertel and Sellers, performed in accordance with applicable Laws and Governmental Permits. As of any Closing of the In-Progress Sites, unless CCIC and Buyer elect to close prior to completion, all Tower Structures will have been delivered to the Tower Sites and all installation and construction with respect thereto will be complete and, to the knowledge of Powertel and Sellers, performed in accordance with applicable Laws and Governmental Permits.
Construction Completed. In the event construction of the Premises is completed at the date of execution of this Lease, the aforesaid initial term of this Lease shall commence on the ______ day of ___________, 19___ and shall end on the ______ day of ___________, 19___. If the preceding blanks are not filled in, this shall mean that paragraph 2.03 applies and this paragraph 2.02 shall be disregarded.
Construction Completed. The Inspecting Architect/Engineer certifies to Lender that the Completion of Construction has occurred.
Construction Completed. The Lessor shall inform the Contracting Officer of intent to complete construction of the Improvements approximately thirty (30) calender days prior to said completion. The Lessor shall coordinate with the Contracting Officer, or the duly appointed Contracting Officer’s Representative for inspection of the space. Within two (2) weeks prior to the date of substantial completion, the Lessor shall provide to the Government a final improvements cost (CSI formatted by trade).