Examples of Construction Commencement Date in a sentence
Subject to delays excused hereunder, or the failure of the Host to comply with its obligations hereunder, Developer shall commence construction of the PV System no later than the Outside Construction Commencement Date and will proceed diligently and continuously thereafter until completion, but in no event shall the installation be completed later than the Outside Commercial Operation Date.
Any applicable party may terminate this Agreement prior to the Construction Commencement Date for failure to achieve a condition precedent to construction, pursuant to Section 5.2.
In addition, at least fifteen (15) days prior to the Construction Commencement Date, Developer shall provide Host with a payment bond from an issuer with a Best’s rating of not less than “A” in a form and amount reasonably acceptable to Host (the “Payment Bond”).