Agreement to Construct the Project. The County shall cause the Project to be constructed, acquired and installed as provided in this Article, on behalf of BB&T as the lessee of the Leased Property under the Site Agreement. Title to the Project shall be held by the County, subject to the provisions of the Site Agreement, this Lease and the Escrow Agreement.
Agreement to Construct the Project. The Borrower agrees that it will acquire, equip, construct, rehabilitate and install, or complete the acquisition, construction, equipping, rehabilitation and installation of, the Project, and will acquire, equip, construct, rehabilitate and install all other facilities and real and personal property deemed necessary for the operation of the Project, substantially in accordance with the description of the Project prepared by the Borrower and approved by the Authority, including any and all supplements, amendments and additions or deletions thereto or therefrom, it being understood that the approval of the Authority shall not be required for changes in such description which do not substantially alter the purpose and description of the Project as set forth in Exhibit A hereto. The Borrower further agrees to proceed with due diligence to complete the Project within three years from the date hereof. In the event that the Borrower desires to alter or change the Project, and such alteration or change substantially alters the purpose and description of the Project as described in Exhibit A hereto, the Authority will enter into, and will instruct the Trustee to consent to, such amendment or supplement to Exhibit A as shall be required to reflect such alteration or change to the Project upon receipt of:
Agreement to Construct the Project. (a) The Borrower agrees that it will complete the Project Work in accordance with the Construction Drawings and the
Agreement to Construct the Project. The Borrower agrees that it will equip, construct, rehabilitate and install, or complete the construction, equipping, rehabilitation and installation of, the Project, and will equip, construct, rehabilitate and install all other facilities and real and personal property deemed necessary for the operation of the Project, substantially in accordance with the description of the Project prepared by the Borrower and approved by the Authority, including any and all supplements, amendments and additions or deletions thereto or therefrom, it being understood that the approval of the Authority shall not be required for changes in such description which do not substantially alter the purpose
Agreement to Construct the Project. The Company agrees to construct the Project in a good and workmanlike manner in accordance with the plans and specifications therefor with all reasonable dispatch and to use its best efforts to cause said construction to be completed as soon as practicable, delays incident to strikes, riots, and acts of God or the public enemy beyond the reasonable control of the Company only excepted, but if said construction is not completed within the time herein contemplated there shall be no diminution in or postponement or abatement of the payments required to be paid by the Company under Article VI of this Agreement. Upon completion of the Project, the Company shall provide to the Trustee, the Issuer and the Bondholders a completion certificate executed by a Company Representative and acknowledged by the Construction Monitor.
Agreement to Construct the Project. As soon as reasonably possible following the execution of the this Lease the Company, as Construction Manager, will complete the construction of the Leased Improvements pursuant to the Construction Management Agreement.
Agreement to Construct the Project. The Borrower agrees that it will acquire, construct and install, or complete or cause the completion of the acquisition, construction and installation of the Project, and will acquire, construct and install or cause the acquisition, construction and installation of all other facilities and real and personal property deemed necessary for the operation of the Project, substantially in accordance with the plans and specifications prepared therefor by the Borrower and approved by the Authority, including any and all supplements, amendments and additions or deletions thereto or therefrom, it being understood that the approval of the Authority shall not be required for changes in such plans and specifications which do not materially alter the purpose and description of the Project as set forth in Exhibit A hereto. In the event that the Borrower desires to amend or supplement the Project, and such amendment or supplement materially alters the purpose and description of the Project as described in Exhibit A hereto, and the Authority approves of such amendment or supplement, which approval will not be unreasonably withheld, the Authority will enter into, and will instruct the Trustee to consent to, such amendment or supplement upon receipt of:
Agreement to Construct the Project. Company agrees that it will construct the Project as herein provided and as described on Exhibit A hereto and will construct, acquire and install other facilities and real and personal property, if any, deemed necessary for the operation of the Project. Company agrees that only such changes will be made in the Project which will not change the nature of the Project to the extent that (a) it would not constitute a "project" as authorized by the Act or (b) it would not constitute a facility which can be financed with the proceeds of the Bonds pursuant to Section 144 of the Code. Company agrees that the acquisition and construction of the Project shall proceed with all reasonable dispatch and to use its best efforts to cause such acquisition and construction to be completed by January 1, 1997, or as soon thereafter as may be practicable, delays incident to strikes, riots, acts of nature or the public enemy beyond the reasonable control of the Company only excepted, but if for any reason such acquisition or construction is not completed by such date, there shall be no diminution in or postponement of the payments of principal and interest on the Note and as required hereby to be paid by the Company. Pursuant to the Trust Indenture, all moneys in the Acquisition Fund as of January 1, 1997, shall be transferred to the Bond Fund on such date notwithstanding the incompletion of the Project.
Agreement to Construct the Project. As soon as reasonably possible following the execution of the this Lease, the Company as principal and not as agent for the Issuer, will complete the construction of the additional renovations to the Leased Improvements and acquire and install the Leased Equipment.
