Core and Shell Completion definition
Core and Shell Completion means the substantial completion of the core and shell (including, without limitation, all of the elements that comprise Core and Shell) of the Project in substantial accordance with the Plans and Specifications, as reasonably determined by Agent and Construction Consultant.
Examples of Core and Shell Completion in a sentence
Landlord shall use commercially reasonable efforts to complete Landlord's Work on or before the anticipated Core and Shell Completion Date.
No Advance shall be made for the Development Cost until (i) Core and Shell Completion shall have been achieved, (ii) the NYTC Units Redemption has occurred and (iii) the Pro Forma Debt Service Coverage Ratio shall be equal to or greater than 1.30:1.0, and any such Advance shall only be made with respect to the portion of the Development Cost then payable under the Development Agreement-ING.
District and County have agreed to open escrow for that sale as of the date the Project has achieved Core and Shell Completion and proceed diligently to close the transaction as soon as reasonably possible thereafter.