Delay in Completion. Policy shall cover business income and extra expense (loss of rental income and/or gross earnings including concession and/or merchandise revenue; soft costs such as legal/accounting fees, design professional fees, insurance premiums for extending or renewing coverage, general overhead, etc.) in the event direct physical loss or damage to the covered project results in delay. Limit of University’s coverage under the Policy shall be $## ##. Coverage must be expressly stated on the Evidence of Property Insurance form.
Delay in Completion a. Time is of the essence in the performance of the Work required by this Agreement. Consultant shall ensure that the each Project authorization is commenced within the time frame set forth in the applicable Formal Project authorization Document, tasks and services set forth therein are completed within the milestones set forth therein and each Project authorization is completed within the time frame set forth therein. In agreeing to the time for completion of the Work set forth in the applicable Formal Project authorization Document, Consultant has taken into consideration and made allowance for ordinary delays and hindrances incident to or which otherwise may be reasonably anticipated to affect completion of the Work or the Project. Any issues which may affect Consultant’s ability to comply with the requirements set forth in this Section 6(a) shall immediately be brought to the Port Project Manager’s attention and addressed as set forth in Section 4 of this Agreement.
Delay in Completion. If Seller fails to meet the Substantial Completion Criteria by the Substantial Completion LD Commencement Date, Buyer shall be entitled to liquidated damages under article 24 (“Liquidated Damages”).
Delay in Completion a. If the Concessionaire delays Completion of Construction beyond the Time for Completion of Construction and if in the opinion of the Independent Engineer, such delay is caused by any negligence, default, or failure of the Concessionaire, no extension of Time for Completion of Construction shall be given by the Authority. In such a case the duration of the Concession Period shall also not be adjusted and the Concessionaire shall be solely responsible for the corresponding reduction of the period for which the Ecotourism & Adventure Park is used and any reduction in revenue as a consequence thereof.
Delay in Completion. If there shall be a delay in substantial completion of the Tenant Improvements or the issuance of a Certificate of Occupancy, or other approval to occupy the Building and Premises, as a result of:
Delay in Completion. If a delay in the performance of the Work occurs (a) because Lessee does not timely approve the Working Drawings; (b) because of any substantial change by Lessee to the Working Drawings, (c) because of any specification by Lessee of materials or installations in addition to or other than the agreed-upon materials, or (d) if Lessee, any contractor or subcontractor, or Lessee’s agents otherwise materially delay completion of the Work, and the obtaining of a temporary or final certificate of occupancy, then, notwithstanding any provision to the contrary in this Lease, Lessee’s obligation to pay rent and additional charges as set forth in the Lease shall commence on the Commencement Date of the Lease.
Delay in Completion. Subcontractor slid not be excused from any delay in the completion of the Work to be performed under this Agreement, except for delays, if any, caused by acts of God, acts of governmental agencies or governmental bodies, acts of public utilities, earthquake, fire and labor strikes (but excluding, without limitation, the financial inability of Subcontractor to perform).
Delay in Completion a If the Concessionaire delays completion beyond the Completion Period or the Time for Completion and if in the opinion of the Authority, such delay is caused by any negligence, default, or failure of the Concessionaire, no extension of the Completion Period or the Time for Completion shall be given by the Authority. In such a case the duration of the Concession Period shall also not be adjusted and the Concessionaire shall be solely responsible for the corresponding reduction of the period for which the Project Site is used and any reduction in revenue as a consequence thereof. b In case the Concessionaire fails to complete the Works within the Time for Completion, the Authority shall issue a notice to the Concessionaire to complete within such reasonable time as will be specified in the notice and shall also be asked to pay damages, as specified in Article
Delay in Completion. Subject to Clause 34.2, if the Contractor fails to achieve Final Performance Acceptance in accordance with the Contract within the Time for Completion, the Contractor shall pay to the Purchaser or as the Purchaser shall direct upon demand, without set-off or counterclaim the sum calculated at the rate named in the Appendix 2 as liquidated damages for such default, and not as a penalty, for every week or part of a week which shall elapse between the expiry of the Time for Completion stated in the Appendix 2 and the Commercial Operation Date. If any such due amount remains unpaid 14 days after a written demand therefore the Purchaser shall be entitled to charge interest on the amount unpaid calculated daily at the rate of 2% per annum over the Base Lending Rate. Payment of liquidated damages by the Contractor shall be made in Malaysian Ringgit and on a weekly basis not later than 7 (seven) days from the end of the week, failing which such liquidated damages shall be deducted from the Contract Price or be claimed against the Performance Bond.
Delay in Completion. In the event the Premises herein demised are not substantially completed on or before_______, 199__, this Lease shall be deemed null and void at the election of either party by notice in writing within ten (10) days from said date, and any security deposit shall be returned to Tenant. The aforementioned date shall be automatically extended for a reasonable period of time provided Landlord is diligently pursuing the completion of the Premises. Should either party elect to declare this Lease null and void as hereinafter provided, Landlord shall, except for the return of the Tenant's security deposit, have no obligations or liabilities to Tenant for damages of any kind relating to the failure to complete construction of the Premises by the date herein specified.
