Permitted Delays definition

Permitted Delays shall have the meaning assigned to such term in Section 2.4(d).

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedBook a Demo

Permitted Delays. The actual number of days' delay in the Completion Date for any Capital Project proximately caused by:

Permitted Delays means strikes, lockouts, labor trouble, failure of power, riots, insurrection, war, acts of God, restrictive laws or regulations that did not exist when construction commenced, or other events beyond the control of Borrower which delay, hinder or prevent construction of the Improvements. Any extension of time for a Permitted Delay shall be conditioned upon Borrower delivering written notice of the Permitted Delay to Agent within fifteen (15) days after the event causing the Permitted Delay, and the period of time for completion of construction of the Improvements shall be extended by the period of time equivalent to the delay caused by the Permitted Delay.

Examples of Permitted Delays in a sentence

• Contractor shall not be entitled to any additional compensation for any Permitted Delays.

• Contractor shall be excused for any delay in performance or completion of the Work caused by (1) acts of God, public utilities or public bodies, (2) the elements beyond average weather conditions for the region, (3) modifications requested by Owner, and (4) other matters Contractor could not reasonably anticipate, control or avoid ("Permitted Delays").

• In the event that either party hereto shall be delayed or hindered in or prevented from the performance required hereunder by reason of strikes, lockouts, labor troubles, failure of power, riots, insurrection, war, acts of God, or other reasons of like nature not the fault of the party delayed in performing work or doing acts (hereinafter, "Permitted Delay" or "Permitted Delays"), such party shall be excused for the period of time equivalent to the delay caused by such Permitted Delay.

• The Completion Date may be extended for a period of time, not to exceed sixty (60) days in the aggregate, equal to any period of Permitted Delays.

• Sublessor and Sublessee hereby acknowledge and agree that the ninety (90) day periods referred to in the immediately preceding sentence shall not be extended by any Permitted Delay(s).

• The Company shall commence construction of the Project not later than sixty (60) days following the successful procurement of all Required Permits and governmental approvals, which is preliminarily estimated to be August 31, 2022, but that date is a preliminary estimate and is subject to change due to Permitted Delays.

• The preliminary estimated date for the New IDI Facility Completion Date is June 30, 2024, but that date is a preliminary estimate and is subject to Permitted Delays.

• If Landlord fails to meet the Outside Commencement Date, other than because of the Permitted Delays, Tenant shall have the right to terminate this Lease upon giving Landlord written notice of termination at any time prior to its taking possession of the Premises.

• Builder will make all reasonable efforts to substantially complete the Improvements within 365 calendar days from the date hereof (Projected Completion Date), subject to Permitted Delays (as defined below).

• The Project shall be Substantially Completed by Developer in a good and workmanlike manner in accordance with the design approved by the City under this Contract no later than that date which is twelve (12) months after commencement of construction (the “Construction Completion Deadline”), subject to Permitted Delays.

More Definitions of Permitted Delays

Permitted Delays means delays in the time by which Landlord shall be required to perform certain acts under this Lease to the extent that the performance of such act or acts shall be delayed by acts of God, fire, earthquake, windstorm, flood, explosion, collapse of structures, riot, civil commotion, war, strike, labor disputes, delays or restrictions by governmental bodies, Laws, inability to obtain or use necessary labor or materials, failure or disruption of utility services, Tenant's Delay or any other cause beyond the reasonable control of Landlord.

Permitted Delays means any Force Majeure, any event described in Section 8(b)(iii) above or any Tenant Extension. In the event of a Tenant Extension, the following shall be applicable:

Permitted Delays as used herein shall mean delays in Landlord’s work toward Substantial Completion of the First Expansion Space and the Second Expansion Space, as applicable, caused by any of the following: (i) delays caused by Tenant, and/or (ii) act of God, war, insurrection, riot, civil commotion, fire or other casualty, strikes, lockouts, inclement weather, inability to obtain labor or materials, governmental regulations, or other causes beyond Landlord’s reasonable control. A delay shall not constitute a Permitted Delay unless Landlord provides Tenant with written notice within ten (10) business days after the passage of such delay, describing in reasonable detail the cause of the delay and the expected completion date. In event of a Permitted Delay, Landlord shall use commercially reasonable efforts to mitigate the effect and duration of such Permitted Delay and resume work toward Substantial Completion as soon as reasonably practicable.