Common use of Commencement of Construction Clause in Contracts

Commencement of Construction. Subject to Construction Force Majeure Events, the Construction Agent hereby agrees, unconditionally and for the benefit of the Lessor, to commence construction of a Building on each parcel of Land as soon as is practicable after the Closing Date in respect of such Property. For purposes hereof, construction of a Building shall be deemed to commence on the date (the "Construction Commencement Date") on which [excavation for the foundation for such Building] commences, as certified by the Construction Agent to the Lessor and the Agent in writing. Without limiting the foregoing, no phase of such construction shall be undertaken until all permits required for such phase have been issued therefor.

Appears in 2 contracts

Samples: Construction Agency Agreement (Choicepoint Inc), Construction Agency Agreement (Choicepoint Inc)

AutoNDA by SimpleDocs

Commencement of Construction. Subject to Construction Force Majeure Events, the Construction Agent hereby agrees, unconditionally and for the benefit of the Lessor, to commence construction cause Construction of a Building to commence on each parcel of Land as soon as is practicable reasonably practicable, in its reasonable judgment, after the Closing Date in respect of such PropertyLand. For purposes hereof, construction Construction of a Building shall be deemed to commence on the date after the Closing Date for the related Leased Property (the "Construction Commencement Date") on which [excavation for the foundation for such Building] Building or any other Construction of such Building commences, as certified by the Construction Agent to the Lessor and the Agent in writing. Without limiting the foregoing, no phase of such construction Construction shall be undertaken until all permits then required for such phase have been issued therefor.

Appears in 2 contracts

Samples: Construction Agency Agreement (Concord Efs Inc), Construction Agency Agreement (Borders Group Inc)

Commencement of Construction. Subject to Construction Force Majeure Events, the Construction Agent hereby agrees, unconditionally and for the benefit of the Lessor, to commence construction cause Construction of a Building to commence on each parcel of Land as soon as is practicable reasonably practicable, in its reasonable judgment, after the Closing Date in respect of such PropertyLand. For purposes hereof, construction Construction of a Building shall be deemed to commence on the date (the "Construction Commencement Date") on which [excavation for the foundation for such Building] Building commences, as certified by the Construction Agent to the Lessor and the Agent in writing. Without limiting the foregoing, no phase of such construction Construction shall be undertaken until all permits required for such phase have been issued therefor.

Appears in 1 contract

Samples: Master Agreement (Ruby Tuesday Inc)

Commencement of Construction. Subject to Construction Force Majeure EventsEvents which prevent the Construction Agent from commencing Construction, the Construction Agent hereby agrees, unconditionally and for the benefit of the Lessor, to commence construction cause Construction of a Building to commence on each parcel of Land as soon as is practicable after the Closing Date in respect of such PropertyLand. For purposes hereof, construction Construction of a Building shall be deemed to commence on the date (the "Construction Commencement Date") on which [excavation for the foundation for such Building] Building commences, as certified by the Construction Agent to the Lessor and the Agent in writing. Without limiting the foregoing, no phase of such construction Construction shall be undertaken until all permits required for such phase have been issued therefor.

Appears in 1 contract

Samples: Lease Participation Agreement (Aaron Rents Inc)

Commencement of Construction. Subject to Construction Force Majeure Events, the Construction Agent hereby agrees, unconditionally and for the benefit of the Lessor, to commence construction cause Construction of a Building to commence on each parcel of Land as soon as is practicable reasonably practicable, in its reasonable judgment, after the Closing Date in respect of such PropertyLand. For purposes hereof, construction Construction of a Building shall be deemed to commence on the date after the Closing Date for the related Leased Property (the "Construction Commencement Date") on which [excavation for the foundation for such Building] Building or any other Construction of such Building commences, as certified by the Construction Agent to the Lessor and the Agent in writing. Without limiting the foregoing, no phase of such construction Construction shall be undertaken until all permits then required for such phase have been issued therefor.

Appears in 1 contract

Samples: Construction Agency Agreement (Concord Efs Inc)

Commencement of Construction. Subject to Construction Force ---------------------------- Majeure Events, the Construction Agent hereby agrees, unconditionally and for the benefit of the Lessor, to commence construction cause Construction of a Building to commence on each parcel of Land as soon as is practicable reasonably practicable, in its reasonable judgment, after the Closing Date in respect of such PropertyLand. For purposes hereof, construction Construction of a Building shall be deemed to commence on the date after the Closing Date for the related Leased Property (the "Construction Commencement ------------------------- Date") on which [excavation for the foundation for such Building] Building or any other ---- Construction of such Building commences, as certified by the Construction Agent to the Lessor and the Agent in writing. Without limiting the foregoing, no phase of such construction Construction shall be undertaken until all permits required for such phase have been issued therefor.

Appears in 1 contract

Samples: Construction Agency Agreement (Hughes Supply Inc)

Commencement of Construction. Subject to Construction Force Majeure Events, the Construction Agent hereby agrees, unconditionally and for the benefit of the Lessor, to commence cause construction of a Building to commence on each parcel of Land as soon as is practicable reasonably practicable, in its reasonable judgment, after the Closing Date in respect of such PropertyLand. For purposes hereof, construction of a Building shall be deemed to commence on the date (the "Construction Commencement Date") on which [excavation for the foundation for such Building] Building commences, as certified by the Construction Agent to the Lessor and the Agent in writing. Without limiting the foregoing, no phase of such construction shall be undertaken until all permits required for such phase have been issued therefor.

Appears in 1 contract

Samples: Master Agreement (Ruby Tuesday Inc)

AutoNDA by SimpleDocs

Commencement of Construction. Subject to Construction Force Majeure ---------------------------- Events, the Construction Agent hereby agrees, unconditionally and for the benefit of the Lessor, to commence cause construction of a Building to commence on each parcel of Land as soon as is practicable reasonably practicable, in its reasonable judgment, after the Closing Date in respect of such PropertyLand. For purposes hereof, construction of a Building shall be deemed to commence on the date (the "Construction Commencement Date") on which [excavation for the foundation for ------------------------------- such Building] Building commences, as certified by the Construction Agent to the Lessor and the Agent in writing. Without limiting the foregoing, no phase of such construction shall be undertaken until all permits required for such phase have been issued therefor.

Appears in 1 contract

Samples: Construction Agency Agreement (Rowe Companies)

Commencement of Construction. Subject to Construction Force Majeure Events, the Construction Agent hereby agrees, unconditionally and for the benefit of the Lessor, to commence construction cause Construction of a Building to commence on each parcel of Land as soon as is practicable reasonably practicable, in its reasonable judgment, after the Closing Date in respect of such PropertyLand. For purposes hereof, construction Construction of a Building shall be deemed to commence on the date after the Closing Date for the related Leased Property (the "Construction Commencement Date") on which [excavation for the foundation for such Building] Building or any other Construction of such Building commences, as certified by the Construction Agent to the Lessor and the Agent in writing. Without limiting the foregoing, no phase of such construction Construction shall be undertaken until all permits required for such phase have been issued therefor.

Appears in 1 contract

Samples: Construction Agency Agreement (Checkfree Corp \Ga\)

Commencement of Construction. Subject to Construction Force Majeure Events, the Construction Agent hereby agrees, unconditionally and for the benefit of the Lessor, to commence construction cause Construction of a Building to commence on each parcel of Land as soon as is practicable reasonably practicable, in its reasonable judgment, after the Closing Date in respect of such PropertyLand. For purposes hereof, construction Construction of a Building shall be deemed to commence on the date after the Closing Date for the related Leased Property (the "Construction Commencement Date") on which [excavation for the foundation for such Building] Building or any other Construction of such Building commences, as certified by the Construction Agent to the Lessor and the Agent in writing. Without limiting the foregoing, no phase of such construction Construction shall be undertaken until all permits required for such phase have been issued therefor.

Appears in 1 contract

Samples: Construction Agency Agreement (Choicepoint Inc)

Commencement of Construction. Subject to Construction Force Majeure ---------------------------- Events, the Construction Agent hereby agrees, unconditionally and for the benefit of the Lessor, to commence construction cause Construction of a Building to commence on each parcel of Land as soon as is practicable reasonably practicable, in its reasonable judgment, after the Closing Date in respect of such PropertyLand. For purposes hereof, construction Construction of a Building shall be deemed to commence on the date after the Closing Date for the related Leased Property (the "Construction Commencement ------------------------- Date") on which [excavation for the foundation for such Building] Building or any other ---- Construction of such Building commences, as certified by the Construction Agent to the Lessor and the Agent in writing. Without limiting the foregoing, no phase of such construction Construction shall be undertaken until all permits required for such phase have been issued therefor.

Appears in 1 contract

Samples: Construction Agency Agreement (Hughes Supply Inc)

Time is Money Join Law Insider Premium to draft better contracts faster.