Substantial Commencement definition
Examples of Substantial Commencement in a sentence
A Substantial Commencement of Work shall be defined as the delivery of materials to the jobsite or the actual physical commencement of any of the work to be performed pursuant to this Agreement; either of which may occur first.
The Development Fee shall be paid in equal monthly installments commencing on the Substantial Commencement Date with any balance of the Development Fee due and payable on the Substantial Completion Date.
The Developer must procure (at its Cost) that the Independent Certifier certifies at or about the Date for Substantial Commencement all Costs and expenses reasonably anticipated to be incurred by the Developer in achieving Practical Completion of the Works ("Original Cost of the Works").
Should Concessionaire, or any party claiming through Concessionaire, fail to meet the conditions for Substantial Commencement of Construction within the terms of and time frames set forth in Sections 5.3 through 5.8, County may elect, in its sole and absolute discretion, after five (5) days advance written notice to Concessionaire, to reenter the Premises and terminate this Agreement.
Promptly upon Substantial Commencement of construction of the Convention Hotel, the Tenant shall give to Landlord written notice of the date of Substantial Commencement of construction.
A notice of acceptance will be provided by the Foundation to the Recipient as soon as reasonably practicable following its acceptance of Substantial Commencement having been achieved by the Recipient.
The Foundation will provide the Recipient with written notice of the Substantial Commencement Date.
First Payment (When Permit is Approved or Delivery of Equipment to Installation Site) -Second Payment (Substantial Commencement of Work and Completion of Installation) (20%) (60%) -Final Payment (Completion of Village/Town/City/County Inspections) (20%) All remaining charges are due upon final signoff from Village/Town/City/County Building Inspector.
The final Plans for the entire Project (the "Plans") shall be provided to Landlord either (x) prior to Substantial Commencement of construction or (y) on a phased basis commensurate with timely completion of all Plan elements for each construction component of the Project under a design-build program approved by Tenant's Architect, and shall be consistent with the Site Plan and Design Concept Plan approved by the Landlord and shall comply with all applicable laws and regulations.
It is a condition of this Agreement that, except to the extent Concessionaire is prevented from so doing by the events identified in subsection 5.8.3, Concessionaire shall cause the Substantial Commencement of Construction to have occurred in accordance with the Approved Final Plans, Specifications and Costs no later than December 31, 1998 ("Anticipated Commencement Date") and shall substantially complete same by May 1, 1999 ("Anticipated Completion Date").