Completion Delay definition

Completion Delay means a delay in completing the Fit-Out and FF&E.
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Completion Delay means only a "Force Majeure Delay" or a "Landlord Caused Delay," as those terms are defined below in this Section 5.1 of this Work Letter. "Force Majeure Delay" shall mean only an actual delay resulting from strikes, fire, wind, damage or destruction to the Building, explosion, casualty, flood, hurricane, tornado, the elements, acts of God or the public enemy, sabotage, war, terrorist acts, invasion, insurrection, rebellion, civil unrest, riots, or earthquakes. "Landlord Caused Delay" shall mean actual delays to the extent resulting from (i) the failure of Landlord to timely complete any Landlord Work subject to and in accordance with the TCCs of Section 1.2 of the Work Letter; (ii) the failure of Landlord to timely approve or disapprove any "Construction Drawings," as that term is defined in Section 3.1 of this Work Letter; (iii) interference (when judged in accordance with industry custom and practice) by Landlord, its agents or employees (except as otherwise allowed under this Work Letter) with the Substantial Completion of the Improvements and which objectively preclude or delay (A) the construction of improvements in the Building by any person and (B) Tenant’s ability to occupy and commence business operations in the applicable portion of the Premises; or (iv) delays due to the acts or failures to act of Landlord, its agents or employees with respect to the proper payment of the Improvement Allowance (except as otherwise allowed under this Work Letter) but Tenant shall have a right to suspend its design and construction of the Improvements, if Landlord fails to reimburse Tenant all or any part of the Improvement Allowance when due in accordance with the terms and conditions of this Work Letter.
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Completion Delay is defined in subsection 4.2.2.5 of this Agreement.
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Examples of Completion Delay in a sentence

  • CHGE reserves the right to invoice Owner for any unpaid Substantial Completion Delay Liquidated Damages and shall refund any excess payments of Substantial Completion Delay Liquidated Damages.

  • For failure to timely achieve Final Completion, Delay Liquidated Damages in the amount indicated above shall accrue from the Scheduled Date of Final Completion, as the same may be extended for Excusable Delay, for each day that CONTRACTOR has not achieved Final Completion, continuing until the earlier of (i) the actual achievement of the Final Completion, or (ii) termination of this Agreement for default.

  • If the Owner anticipates that the Project will fail to achieve Substantial Completion by the revised date, then Owner shall, upon such assessment (which shall be prior to the revised Substantial Completion date) again notify CHGE of its newly revised Substantial Completion date and remit payment to CHGE of the Substantial Completion Delay Liquidated Damages, as applicable.

  • RG&E reserves the right to invoice Owner for any unpaid Substantial Completion Delay Liquidated Damages and shall refund any excess payments of Substantial Completion Delay Liquidated Damages.

  • Notwithstanding any other provision of this Agreement, the cumulative maximum liability of a Party to the other Party under this Agreement shall not exceed one hundred percent (100%) of the Contract Price, the maximum liability of Contractor for Mechanical Completion Delay Liquidated Damages shall not exceed twenty percent (20%) of the Contract Price.

  • Subject to Section 21.2C, Contractor’s maximum liability to Owner for Substantial Completion Delay Liquidated Damages is ***.

  • Such Substantial Completion Delay Liquidated Damages will be assessed in the same manner as if Contractor failed to achieve Substantial Completion by the Guaranteed Substantial Completion Date in accordance with Section 14.1, with the amount of the Substantial Completion Delay Liquidated Damages to be assessed against Contractor (on a per Day basis) being dependent upon the month(s) in which the Facility is not fully available for commercial operation due to the lack of such Critical Spare Part.

  • As soon as Owner anticipates that it will not achieve Substantial Completion by the Substantial Completion Deadline (which shall be prior to the Substantial Completion Deadline), Owner shall notify CHGE in writing of the date on which it reasonably expects the Project to achieve Substantial Completion and shall, contemporaneously therewith, remit payment to CHGE of the Substantial Completion Delay Liquidated Damages payable with such revised Substantial Completion date.

  • If Substantial Completion for the Facility occurs after the Guaranteed Substantial Completion Date, Contractor shall pay to Owner delay liquidated damages (the “Substantial Completion Delay Liquidated Damages”) in the amounts for each full Day of delay until Substantial Completion occurs: ***.

  • As soon as possible and in no event later than five (5) Business Days after learning of any Cost Overrun Event or Completion Delay Event, Lessee shall deliver to Lessor a written notice of such event that sets forth in detail the nature of such event and Lessee's estimate of the effect that such event will have on the costs to Complete the New Improvements and/or the likely Completion Date.

Related to Completion Delay

  • project completion period means the period of sixty (60) months commencing from and expiring on for the construction and obtaining of Temporary Occupation Permit or Permits for the whole of the Development as provided in clause 3.3;

  • Project Completion Date means the date on which the Completion Certificate is issued;

  • Completion Period means the period starting from the date of issue of "Order" and required to complete the work in all respect.

  • Completion Deadline means the date by which the Arrangement is to be completed, which date shall be April 30, 2014 or such later date as may be agreed to in writing by the Parties;

  • Substantial Completion Date means the required date for Substantial Completion of the Project. The Substantial Completion Date can be adjusted only by written Change Order.