Construction Properties. Subject to the terms and conditions of this Lease, on the Acquisition Date for each Construction Property (i) the Lessor shall purchase a fee interest in the relevant parcel of Land, or the Lessee shall convey a ground leasehold interest in such parcel of Land to the Lessor pursuant to a Ground Lease, and (ii) the Lessor shall demise and lease to the Lessee hereunder for the Lease Term applicable thereto the Lessor's interest in such Land together with any Improvements which then may be located thereon or thereafter may be constructed thereon pursuant to the Construction Agency Agreement or this Lease, and the Lessee hereby agrees to lease from the Lessor for such Lease Term, the Lessor's interest in such Land together with the Lessor's interest in such Improvements.
Construction Properties. In addition to the conditions specified in (a) and (b) above, the occurrence of the Acquisition Date with respect to each Construction Property is subject to the following conditions precedent:
Construction Properties. Each Construction Property will be subjected to the terms of this Agreement upon the execution and delivery of a Construction Agency Agreement Supplement on the Acquisition Date therefor.
Construction Properties. Each Prime Construction Contract for a Construction Property provides for the Construction of the Improvements described on the Plans and Specifications for such Construction Property, upon the Land described in the Deed or Ground Lease for such Construction Property for a fixed price or a guaranteed maximum price on or before the expiration of the Construction Period for such Construction Property, and contains a retainage provision withholding an amount not less than ten percent (10%) of the fixed or guaranteed maximum price to be paid by Construction Agent thereunder until the satisfactory completion of the services to be provided by the Prime Contractor thereunder. All Governmental Actions (including building, demolition and environmental permits), easements and rights-of-way required for the Construction of the Improvements on any Construction Property in accordance with the Plans and Specifications therefor and the Construction Agency Agreement have either been obtained from the appropriate Governmental Authorities having jurisdiction or from private parties, as the case may be, or will be obtained from the appropriate Governmental Authorities having jurisdiction or from private parties, as the case may be, at or before the time required by all Requirements of Law and otherwise in a manner so as not to impede the Substantial Completion of such Construction on or before the expiration of the Construction Period for such Construction Property.
Construction Properties. If a Casualty or Condemnation shall affect any Construction Property for which the Lease Term has not commenced, the terms of the Construction Agency Agreement shall apply. ARTICLE XX
Construction Properties. (i) Each EPC Construction Contract, in the case of EPC Construction Property, will provide for construction, on a turn-key basis, of the Improvements thereto for a fixed price or a guaranteed maximum price on or before a date certain and will contain customary retainage provisions.
Construction Properties. Notwithstanding anything to the contrary in this SECTION 27, the Lessee's obligation to indemnify any Indemnitee for any Claim or Imposition relating to a Construction Property during the Construction Period applicable thereto shall be subject to the provisions of SECTION 2.9 of the Construction Agency Agreement.
Construction Properties
