Common use of Construction Completion Clause in Contracts

Construction Completion. Feld hereby unconditionally covenants and warr▇▇▇▇ as follows: (i) the Project shall be constructed in a good and workmanlike manner and all work shall be performed in accordance with the terms of Section 6.11 hereof; (ii) Feld shall fully and timely perform all of its ▇▇▇er obligations under this Agreement; and (iii) subject to Force Majeure, it shall cause (a) Substantial Completion of the Project to occur within twenty-seven (27) months after the Construction Loan Closing Date; (b) Final Completion to occur within twenty-nine (29) months after the Construction Loan Closing Date; and (c) all Final Closing Funding Conditions shall be satisfied prior to the Outside Date.

Appears in 1 contract

Sources: Operating Agreement (Wellsford Real Properties Inc)

Construction Completion. Feld hereby unconditionally covenants and warrc▇▇▇▇ants and warrants as follows: (i) the Project shall be constructed in a good and workmanlike manner and all work shall be performed in accordance with the terms of Section 6.11 hereof; (ii) Feld shall fully and timely perform p▇▇▇▇rm all of its ▇▇▇er other obligations under this Agreement; and (iii) subject to Force Majeure, it shall cause (a) Substantial Completion of the Project to occur within twenty-seven eight (2728) months after the Construction Loan Closing Date; (b) Final Completion to occur within twenty-nine thirty (2930) months after the Construction Loan Closing Date; and (c) all Final Closing Funding Conditions shall be satisfied prior to the Outside Date; and (d) completion of the Infrastructure by the date set forth and in accordance with the Infrastructure Improvements Agreement.

Appears in 1 contract

Sources: Operating Agreement (Wellsford Real Properties Inc)

Construction Completion. Feld hereby unconditionally covenants and warrc▇▇▇▇ants and warrants as follows: (i) the Project shall be constructed in a good and workmanlike manner and all work shall be performed in accordance with the terms of Section 6.11 hereof; (ii) Feld shall fully and timely perform p▇▇▇▇rm all of its ▇▇▇er other obligations under this Agreement; and (iii) subject to Force Majeure, it shall cause (a) Substantial Completion of the Project to occur within twenty-seven one (2721) months after the Construction Loan Closing Date; (b) Final Completion to occur within twenty-nine four (2924) months after the Construction Loan Closing Date; and (c) all Final Closing Funding Conditions shall be satisfied prior to the Outside Date.

Appears in 1 contract

Sources: Operating Agreement (Wellsford Real Properties Inc)

Construction Completion. Feld ▇▇▇▇ hereby unconditionally covenants and warr▇▇▇▇ warrants as follows: (i) the Project shall be constructed in a good and workmanlike manner and all work shall be performed in accordance with the terms of Section 6.11 hereof; (ii) Feld ▇▇▇▇ shall fully and timely perform all of its ▇▇▇er other obligations under this Agreement; and (iii) subject to Force Majeure, it shall cause (a) Substantial Completion of the Project to occur within twenty-seven eight (2728) months after the Construction Loan Closing Date; (b) Final Completion to occur within twenty-nine thirty (2930) months after the Construction Loan Closing Date; and (c) all Final Closing Funding Conditions shall be satisfied prior to the Outside Date; and (d) completion of the Infrastructure by the date set forth and in accordance with the Infrastructure Improvements Agreement.

Appears in 1 contract

Sources: Operating Agreement (Wellsford Real Properties Inc)

Construction Completion. Feld ▇▇▇▇ hereby unconditionally covenants and warr▇▇▇▇ warrants as follows: (i) the Project shall be constructed in a good and workmanlike manner and all work shall be performed in accordance with the terms of Section 6.11 hereof; (ii) Feld ▇▇▇▇ shall fully and timely perform all of its ▇▇▇er other obligations under this Agreement; and (iii) subject to Force Majeure, it shall cause (a) Substantial Completion of the Project to occur within twenty-seven twenty- one (2721) months after the Construction Loan Closing Date; (b) Final Completion to occur within twenty-nine four (2924) months after the Construction Loan Closing Date; and (c) all Final Closing Funding Conditions shall be satisfied prior to the Outside Date.

Appears in 1 contract

Sources: Operating Agreement (Equity Residential Properties Trust)

Construction Completion. Feld hereby unconditionally covenants and warr▇▇▇▇ warrants as follows: (i) the ▇▇▇ Project shall be constructed in a good and workmanlike manner and all work shall be performed in accordance with the terms of Section 6.11 hereof; (ii) Feld shall fully and timely perform all of its other obligations un▇▇▇er obligations under this Agreement; and (iii) subject to Force Majeure, it shall cause (a) Substantial Completion of the Project to occur within twenty-seven twenty- one (2721) months after the Construction Loan Closing Date; (b) Final Completion to occur within twenty-nine four (2924) months after the Construction Loan Closing Date; and (c) all Final Closing Funding Conditions shall be satisfied prior to the Outside Date.

Appears in 1 contract

Sources: Operating Agreement (Wellsford Residential Property Trust)