Time for Construction and Completion of Project Sample Clauses

Time for Construction and Completion of Project. Development of the Project shall be subject to all timing and phasing requirements established by the Existing Project Approvals. Because the California Supreme Court held in Xxxxxx Construction Co. v. City of Camarillo, 37 Cal. 3d 465 (1984), that the failure of the parties to provide for the timing of development resulted in a later adopted initiative restricting the timing of development to prevail over such parties’ agreement, it is the intention of the City and Owner to cure that deficiency by specifically acknowledging that timing and phasing of development is completely and exclusively governed by the Existing Project Approvals, and that Owner has the right to develop the Project at such time as Owner deems appropriate within the exercise of its subjective business judgment. Nothing in this Agreement shall be deemed to require Owner to proceed with the development of any portion of the Project or make any financial commitment associated with any such development if, in Owner’s sole and absolute discretion, Owner determines that it is not in Owner’s best financial or other interest to do so. The City and Owner agree that the Project and related infrastructure is expected to be built in phases in response to existing market conditions over the term of this Agreement, there is no requirement that Owner initiate or complete development of the Project or any particular phase of the Project within any particular period of time, and City will not impose such a requirement on any Project Approval. The Parties acknowledge that Owner cannot at this time predict when or the rate at which or the order in which phases will be developed. Such decisions depend upon numerous factors which are not within the control of the Owner, such as market demand, interest rates, competition and other factors. The provisions of the foregoing sentence do not, however, limit any obligation of Owner under this Agreement with respect to any development activities that are chosen by Owner to be undertaken hereunder.
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Time for Construction and Completion of Project 
Sample 1

Related to Time for Construction and Completion of Project

  • Commencement and Completion of Construction The Company shall begin Construction Activities no later than January 1, 2014 (“Commencement Date”) and secure a final Certificate of Compliance by June 30, 2015 (hereinafter, “Completion Date”).

  • Construction of Project 11.1.1 Developer agrees to cause the Project to be developed, constructed, and installed in accordance with the terms hereof and the Construction Provisions set forth in Exhibit D, including those things reasonably inferred from the Contract Documents as being within the scope of the Project and necessary to produce the stated result even though no mention is made in the Contract Documents.

  • Completion of Project The Borrower shall carry out the Project in accordance with the Technical Description as may be modified from time to time with the approval of the Bank, and complete it by the final date specified therein.

  • BUILDER’S RISK FOR CONSTRUCTION RENOVATION PROJECTS If the project is CONSTRUCTION RENOVATION of an existing structure, and the State has already determined that Contractor will not be obligated to obtain and maintain Builder’s Risk insurance, then the following provisions apply:

  • ADDITIONAL CONSTRUCTIONS The Promoter undertakes that it has no right to make additions or to put up additional structure(s) anywhere in the Project after the building plan has been approved by the competent authority(ies) except for as provided in the Act.

  • Project Construction The Contractor agrees to provide continuous on-site supervision on each Job Order, while progress on the project is being accomplished. The Contractor’s Project Manager will ensure:

  • Completion of Construction (a) For the purposes of this Agreement, the terms "

  • COMPLETION OF AGREEMENT The District and the Union agree that this contract is complete. There shall be no additions to or deletions from the content of any Articles and there shall be no Articles added except by mutual agreement by the Board and the Union. In addition, there shall be no further negotiations on any matter that is within or comes within the scope of representation for the duration of the contract except by mutual agreement.

  • ADDITIONAL CONSTRUCTION The Promoter undertakes that it has no right to make additions or to put up additional structure(s) anywhere in the Project after the building plan has been approved by the competent authority (ies) except for as provided in the Act.

  • COMPENSATION FOR CONSTRUCTION PHASE SERVICES 5.1 For the Construction Manager’s performance of the Work as described in Section 2.3, the Owner shall pay the Construction Manager the Contract Sum in current funds. The Contract Sum is the Cost of the Work as defined in Section 6.1.1 plus the Construction Manager’s Fee.

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