Phases; Commencement and Completion Dates Sample Clauses

Phases; Commencement and Completion Dates. (a) Section 9(a) of the TPA is hereby modified to reflect the following: (1) On or as of January 25, 2007, Developer commenced construction of the Footers and Podium (defined below) as well as construction of Phase 1 of the Timeshare Project, containing the units, keys and other features described in Subsection (c) below. (2) The completion date pursuant to the construction contract between Developer and ▇▇▇▇▇-▇▇▇▇▇▇ Corporation, its general contractor, is 940 days from January 25, 2007. Accordingly, and in order to allow for possible delays in construction, the required Com­pletion Date for Phase 1 of the Timeshare Project is November 21, 2009, which is 1060 days following commencement under the January 25, 2007 construction contract between Developer and ▇▇▇▇▇-▇▇▇▇▇▇ Corporation, subject to extension pursuant to Section 44 of the TPA entitled “Force Majeure”. (b) The parties hereby acknowledge that, in order to efficiently and effectively develop and construct the Timeshare Project, Developer has commenced certain work which applies or will apply to all phases of the Project. This advance work consists of (A) footers which underpin or will underpin all three (3) phases of the Timeshare Project (collectively, the “Footers”); and (B) three (3) levels of infrastructure, lobby, support space, public space and swimming pool(s), all of which apply or will apply to Phase 1 and Phase 2 of the Timeshare Project (collectively, the “Podium”). The parties agree, notwith­standing Section 9(f) and Section 9(g) of the TPA, that commencement or completion of the Footers and/or the Podium will not, of itself/themselves, affect the require­ments in the TPA for commencement or completion of any Phase of the Timeshare Project after commencement of Phase 1 as set forth in Section 9 of the TPA. Commencement or completion of the Footers and/or the Podium shall not be construed to constitute commencement of any Phase of the Timeshare Project after Phase 1 for the purpose of the reversion provisions of Section 9(g) of the TPA and related provisions.. (c) Section 9(f)(iii) of the TPA is hereby modified to read as follows:
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Related to Phases; Commencement and Completion Dates

  • Commencement and Completion The Work shall commence on _______________, 20__ and shall be complete in accordance with this Agreement without delay on ______________, 20__. The term “day”, used throughout this Agreement, refers to calendar days. Contractor shall not be entitled to any additional compensation for any Permitted Delays. If this Agreement is not signed and returned to the Owner before any work commences, this Agreement will be considered as accepted as presented to the Contractor.

  • TIME OF COMMENCEMENT AND COMPLETION 2.1 The Contractor shall commence the Work upon the date established in the Notice to Proceed. 2.2 The Contractor shall achieve Final Completion, as defined in Section 105.01, Contract Time, Notice of Contract Execution and Notice to Proceed of the Loudoun County Revisions to the ▇▇▇▇ ▇▇▇▇ ▇▇▇▇ & Bridge Specifications, Division I - General Provisions, within one hundred and eighty (180) calendar days from the date specified in the Notice to Proceed. This time period shall be designated the Contract Time. The Notice to proceed will be issued approximately than thirty (30) days after the execution of this agreement. The Contractor agrees that the time for completion of the Work as described in the Contract Documents shall govern unless specifically amended in writing by the County, and that no claims for early completion are allowed to be presented by the Contractor to the County. 2.3 The County specifies that time is of the essence under this Contract. Time being of the essence, it is essential to the County that Contract work will be completed within the Contract Time. The County and the Contractor agree that damages for failure to complete the work within the Contract Time are not susceptible to exact determination but that $600 per day is in proportion to the actual loss that the County would suffer from such delay. Therefore, the Contractor will pay the County on demand $600 per day for each and every day beyond the one hundred and eighty (180) calendar days, or modified date of completion, that the County determines that work is not complete, as damages caused by such delay and not as a penalty. The County shall be entitled to offset liquidated damages against any sum owed by the County to the Contractor under this Contract. 2.4 The amount of liquidated damages set forth in Articles 2.3 above shall be assessed cumulatively. This provision for liquidated damages does not bar County's right to enforce other rights and remedies against Contractor, which are otherwise legally enforceable, including but not limited to, specific performance or injunctive relief. 2.5 The Contractor hereby waives any defense as to the validity of any liquidated damages stated in this Agreement as they may appear on grounds that such liquidated damages are void as penalties or are not reasonably related to actual damages.

  • Commencement and Completion of Work The professional services to be performed pursuant to this Agreement shall commence within five (5) days from the Effective Date of this Agreement. Failure to commence work in a timely manner and/or diligently pursue work to completion may be grounds for termination of this Agreement.

  • DATE OF COMMENCEMENT AND SUBSTANTIAL COMPLETION § 3.1 The date of commencement of the Work shall be: § 3.2 The Contract Time shall be measured from the date of commencement of the Work.

  • COMMENCEMENT AND COMPLETION OF THE PROJECT Section 3.01 The Project 8 Section 3.02 Diligent Completion 8 Section 3.03 Filings and Reports 8