Examples of Commencement Deadline in a sentence
If the Demolition Commencement Date does not occur by the Project—Demolition Commencement Deadline set out in Schedule 1 for any reason (other than Tenant Delay as defined below), then Tenant may, at its option, and by written notice to Landlord, suspend all payments due with respect to the Tenant improvements until construction has commenced, with all Tenant deadlines extended one (1) day for each day of delay.
Buyer represents and warrants to Seller that Buyer intends to commence construction of Buyer's Improvements, as more particularly described on EXHIBIT "A" hereto, on or before the Construction Commencement Deadline.
Declarant shall have the right to exercise the Purchase Option in the event the Construction Commencement has not occurred by the Construction Commencement Deadline by giving written notice of the exercise by Declarant of the Purchase Option within ninety (90) days after the Construction Commencement Deadline.
Without limiting Lessee's rights and obligations contained in Section 3.5 of the Supervisory Agreement, on or prior to the applicable Construction Commencement Deadline of each Proposed Site, Lessee shall cause such Proposed Site to become a Construction Site and cause all Excepted Costs allocated to the Proposed Site to be allocated to such Construction Site unless prior to such date Lessee has repaid such Excepted Costs pursuant to Section 3.5 of the Supervisory Agreement.
In the event Construction Commencement is achieved by the Construction Commencement Deadline or if Declarant has not exercised the Purchase Option within ninety (90) days after the Construction Commencement Deadline, the Purchase Option shall expire and Owner shall be free to sell the Subject Property without complying with the Development Plan.
Buyer hereby grants to Seller an option (the "OPTION") to purchase the Property if Seller shall have not Commenced Construction on or before the Construction Commencement Deadline.
In any event, if the Least Term has not commenced by 11:59 p.m. on the date of the Benchmark (or Adjusted) Lease Commencement Deadline, this Lease Agreement shall immediately terminate.
However, Tenant will have the unilateral right to declare August 31, 2010 the Adjusted Lease Commencement Deadline by paying to Landlord the amount of $ on or before July 31,2010.
The amount in escrow will be returned to the Company upon completion of construction.If the Company fails to achieve the Manufacturing Facility Commencement Deadline, the Company has the option to extend the deadline for one year by providing written notice to PLH and paying PLH $0.5 million.
Seller or its nominee may exercise the Option by written notice to Buyer (the "OPTION EXERCISE NOTICE") at any time that is after the Construction EXHIBIT "G" Commencement Deadline, but not later than the earlier of: (a) sixty (60) days after the Construction Commencement Deadline or (b) the date when Buyer shall have Commenced Construction.