Examples of Commencement of Construction in a sentence
The Power of Attorney automatically shall be deemed to become effective on the Rezoning Application Deadline unless Developer has undertaken such Commencement of Construction by the Commencement of Construction Deadline or, in the absence thereof, made application for the Rezoning with the City by the Rezoning Application Deadline.
Unless otherwise specifically provided within Schedule “E” attached to this Agreement, the Developer’s proportionate share of existing or currently contemplated oversizing be calculated and paid upon submission for endorsement of a Plan of Subdivision for the Development Area and in any event prior to Commencement of Construction.
Further, the City seeks to avoid the possibility that the Developer undertakes the Commencement of Construction of the Parking Facility and thereafter does not complete it.
Because the Parking Facility is intended to be constructed, in part, under the surface of the Property, the Parties acknowledge that Commencement of Construction of the Parking Facility must be initiated as the first element for construction.
Further, if Developer does not achieve such Commencement of Construction and then does not make such application for such Rezoning within six (6) months of the Commencement of Construction Deadline (the “Rezoning Application Deadline”), then the City may undertake the Rezoning on behalf of the Developer.