Construction Delay definition
Examples of Construction Delay in a sentence
Within five (5) Business Days following any draw by Buyer on the Development Security, including for payment of Construction Delay Damages or COD Delay Damages, Seller shall replenish the amount drawn such that the Development Security is restored to the amount specified on the Cover Sheet.
Seller shall include a request for refund of the Construction Delay Damages with the first invoice to Buyer after Commercial Operation.
If Seller achieves Commercial Operation for the Facility to occur by the Guaranteed Commercial Operation Date, all Construction Delay Damages paid by Seller shall be refunded to Seller.
This fee will entitle ▇▇▇▇▇ to Construction Delay Protection for each Transponder as set out in Article 9, and Launch Protection, as set out in Article 10, in the event of construction delay or launch vehicle delay or Launch Failure.
In addition, a prepaid Construction Delay Protection and Launch Protection fee will be required.
Any delay in the Work Schedule from the Improvements caused directly and specifically by a Change Order initiated or caused by Tenant will be a Construction Delay.
Tenant shall notify Landlord in writing (the “Delay Notice”) of the event which constitutes such Force Majeure Construction Delay or Landlord Delay; such notice may be via electronic mail to Landlord’s construction representative described above.
In the event that Mall II Buyer and Developer, despite good faith efforts, have not agreed upon an Initial Demising Wall Plan by such date, the same shall constitute a Construction Delay (the duration of which shall be one (1) day for each day after said six (6) month period that the parties shall have failed to agree on an Initial Demising Wall Plan).
Builder will be entitled to a Change Order and, if applicable, extension of time to complete the Work for existing site conditions resulting in an increased cost or Construction Delay, and Builder will provide notice to Customer of such costs or delay pursuant to Section 10.
In no event will the aggregate amount of Construction Delay Damages paid by the Seller to Buyer exceed ***** dollars (US$*****).