Construction Term. Unless otherwise determined under Section 1.1(b), the Applicable Cost of Debt (in %) during the Construction Term shall be equal to the actual all-in interest rate paid by Lessor to finance the Construction Costs.
Construction Term. (a) Prior to the Commercial Operation Date, the risk of loss of or decrease in the enjoyment and beneficial use of the Leased Facility as a result of the damage or destruction thereof by fire, the elements, casualties, thefts, riots, wars or otherwise is assumed by Lessor, and Lessee shall not be answerable or accountable to Lessor therefor.
Construction Term. At all times from the date hereof to the Commercial Operation Date, Lessor shall maintain, or cause to be maintained, insurance as set forth in Schedule 11.3.
Construction Term. Upon the expiration of the Development Term, the term of this Agreement shall automatically extend and continue (“Construction Term”) until the earlier to occur of:
Construction Term. The period commencing on the date of this Agreement and continuing through the Conversion Date.
Construction Term. The construction term of this Agreement shall commence on the Effective Date and continue for six (6) months (“Construction Term”). The Construction Term shall end six (6) months months after the Effective Date unless before that date Lessee notifies Lessor that Lessee elects to terminate this Agreement or that the Commercial Operations Date has occurred. For purposes of this Agreement, “Commercial Operations Date” shall mean the date on which the Equipment becomes operational as determined by FPL. For the purposes of this section, “operational” means the date on which Lessee has (i) received any and all approvals, licenses, and permits necessary to operate the Equipment, (ii) the Equipment is installed on the Demised Premises and is connected to the electric transformer, and
Construction Term. The "Construction Term" of this Agreement is defined as the period beginning on the Effective Date and ending immediately prior to the Rent Commencement Date.
Construction Term. Construction Start: June 2020 • Anticipated Construction Completion: September 2020
Construction Term. The Construction Coordinator shall have a period of six (6) months for construction of the Improvement that shall commence upon the Effective Date of this Agreement.
Construction Term. The construction term of this Lease shall commence as follows: (a) for Phase I, the construction term shall commence on the Effective Date and shall expire on the earlier to occur of (i) the day prior to the Delivery Date or (ii) the date that is twelve
