Common use of START DATE AND COMPLETION DATE Clause in Contracts

START DATE AND COMPLETION DATE. (a) Seller will determine a “Start Date” upon ▇▇▇▇▇’s satisfaction of ▇▇▇▇▇’s financing obligations set forth in Sections 5(b) and 5(e). Construction duration and the Completion Date are subject to the project workloads and the time of the year and are OFTEN affected by events beyond the control, or even within the control, of Seller. (b) Seller shall use reasonable efforts to complete the Dwelling Unit within 120 to 180 days of the issuance of the Building Permit; provided, however, that Seller shall not be liable to Buyer for any damages resulting from the completion of construction more than 180 days from the issuance of the Building Permit. (c) Extra time will be required for each day of delay caused by Buyer, Change Orders, strike, war, civil unrest, acts of God, weather, governmental or regulatory acts or other causes beyond the control of the Seller. (d) If the Dwelling Unit is not completed within 180 calendar days of the later of the Reference Date or the Start Date, plus any extensions pursuant to Section 10(c), Buyer may terminate this Contract by so notifying Seller in writing, and Seller shall promptly return all deposits without deduction or interest. (e) Seller shall not be required to give Buyer notice of any delay, nor shall a written Contract Amendment be required to validate any extension pursuant to Section 10(c).

Appears in 3 contracts

Sources: New Home Purchase Contract, New Home Purchase Contract, New Home Purchase Contract