Completion Deadline. As defined in Section 3.3(b).
Completion Deadline. Seller shall complete construction of the Unit so as to permit normal occupancy of the Unit within six (6) years from the date Buyer executes this Agreement (the “Completion Deadline”). Notwithstanding the foregoing, such six (6) year period shall be extended for any period of time during which Seller is actually and necessarily delayed in beginning or completing construction by force majeure. In the event Seller fails to complete construction by the Completion Deadline, as the same may have been extended, then to the extent permitted by applicable law, Buyer’s sole remedy shall be to cancel this Agreement and to receive a refund of all monies paid.
Completion Deadline. Notwithstanding any other provision of this Agreement to the contrary, in the event any Escrowed Funds remain unexpended on the Completion Deadline, such remaining Escrowed Funds shall be immediately disbursed by the Escrow Agent to the FDC, and upon such final disbursement, the Escrow Agent is absolved of further responsibility. Developer shall have no claim or right to any remaining Escrowed Funds deposited by the FDC unless and only to the extent the Developer has actual damages from a breach by the RDC or the FDC.
Completion Deadline. If at any time the Lender shall, in its sole judgment, estimate and give notice to the Lessee that substantial completion of any Construction will not occur on or before the Completion Deadline, then neither the Lender nor the Lessor shall have any obligation to make further Advances until such time as the Lessee shall have delivered to the Lender evidence satisfactory to Lender that substantial completion of all Improvements will occur on or before the Completion Deadline;
Completion Deadline. Seller shall complete construction of the Unit so as to permit normal occupancy of the Unit within five (5) years from the date Purchaser signs a binding contract (the "Completion Deadline"). Notwithstanding the foregoing, such five (5) year period shall be extended for any period of time during which Seller is actually and necessarily delayed in beginning or completing construction by Force Majeure. If completion of the construction of the Unit does not occur on or before the Completion Deadline, as the same may be extended by reason of Force Majeure, Purchaser may cancel this Purchase Agreement at any time thereafter. In the event of cancellation because of Seller’s failure to complete the Unit by the Completion Deadline, as Purchaser's sole remedy, Purchaser shall be entitled to a prompt refund of all monies paid, plus any interest earned thereon, less any Cancellation Fee and other costs associated with the purchase, up to a maximum of Two Hundred Fifty and No/100 Dollars ($250.00). If Purchaser shall fail to cancel this Purchase Agreement within thirty (30) calendar days of the expiration of the Completion Deadline, Seller will thereafter have the right to cancel this Purchase Agreement; provided that should Seller elect to cancel this Purchase Agreement pursuant to this Section D.7, Purchaser shall be entitled to a prompt and full refund of all moneys paid, plus any interest earned thereon.
Completion Deadline. Purchaser and Vitran shall use their reasonable commercial efforts to complete the Arrangement and the other Transactions contemplated herein by the Completion Deadline.
Completion Deadline. Time is expressly declared to be of the essence with respect to the construction to be performed by the Lessor and the completion deadline shall coincide with commencement date of the Premises. The work to be performed by the Lessor shall require that all trash, dirt, leftover materials shall be removed from the Premises and that all structural components, including specifically the office and break room air conditioning and the heating, shall be in an operating condition.
Completion Deadline. The owner must develop and complete the housing in accordance with the Agreement. The Agreement must specify the deadlines for completion of the housing and for submission by the owner of the re- quired evidence of completion.
Completion Deadline. Completion Deadline" means the first Business Day in August, 1999. (y)
Completion Deadline. Lessor shall cause Substantial Completion (defined below) to occur no later than one-hundred twenty (120) days following (a) Lessor and Lessee’s mutual approval of the budget for the Lessee Improvements, (b) Lessor and Lessee’s approval of the Contractor to construct the Lessee Improvements, (c) Lessor and Contractor entering into the Fixed Price contract and (d) Lessor’s receipt of a building permit to construct the Lessee Improvements (such date being extended by Force Majeure and Lessee Delays with the date, as extended, being hereinafter referred to as the “Threshold Date”). Notwithstanding the foregoing to the contrary, in the event Lessor is unable to obtain the building permit to construct the Lessee Improvements within ninety (90) days (such date being extended by Lessee Delays, but not by Force Majeure, with such date, as extended being referred to as the “Permit Deadline”) of the date Xxxxxxx Design delivers to Lessor the final approved Lessee Improvements Final Plans and Specifications which are sufficient for the County, as hereinafter defined, to issue a building permit to construct the Lessee Improvements, then Lessee shall have the right to terminate this Lease by giving Landlord written notice of Lessee’s termination pursuant to this section within ten (10) days of the Permit Deadline, time being of the essence.
