Common use of Delay in Commencement of Project Clause in Contracts

Delay in Commencement of Project. a. The lessee shall commence and complete the development and/or construction works, as the case may be, for which the land has been granted, by obtaining development and/or construction permission, as the case may be, within the time specified in this Agreement.. b. Where the lessee does not obtain the permission for development and/or construction of building within time specified by the authority in this Agreement, the extension in time to obtain permission for development and/or construction of building, as the case may be, shall be granted by the Chief Executive Officer on payment of surcharge specified in the table below by the lessee subject to condition that the construction shall be completed within the time specified in this agreement: First Twelve months or part thereof Two Second Twelve months or part thereof after the First extension of time, as the case maybe, if it is within the time limit of completion of construction as per agreement Three Third Twelve months or part thereof after the Second extension of time, as the case may be, if it is within the time limit of completion of construction as per agreement Five

Delay in Commencement of Project. a. The lessee shall commence and complete the development and/or construction works, as the case may be, works for which the land has been granted, by obtaining development and/or construction permission, building permission as the case may be, be and all other permissions/clearances/licences required from the competent Authorities within the time specified in this Agreement.. b. period of Six months from the date of issuance of NoA. Where the lessee does not obtain the permission for development and/or construction of building within time specified by the authority in this Agreement, the extension in time to obtain permission for development and/or construction of building, as the case may be, shall be granted by the Chief Executive Officer on payment of surcharge specified in the table below by the lessee subject to condition that the construction shall be completed within the time specified in this agreement: agreement – First Twelve months or part thereof Two Second Twelve months or part thereof after the First extension of time, as the case maybe, if it is within the time limit of completion of construction as per agreement Three Third Twelve months or part thereof after the Second extension of time, as the case may be, if it is within the time limit of completion of construction as per agreement Five