Timing of Construction. Redeveloper will use commercially reasonable efforts to complete the Redeveloper Improvements within eighteen (18) months following acquisition of the City Property.
Timing of Construction. All required inclusionary units shall be constructed and occupied concurrently with or prior to the construction of the associated market-rate units or development as set forth in Exhibit C. Provided, however, that the last inclusionary unit in the project shall be constructed before or concurrent with the issuance of the certificate of occupancy for the final market- rate single family unit in the project.
Timing of Construction. Redeveloper will use commercially reasonable efforts to complete the Private Improvements within eighteen (18) months following the Authority’s execution of this Contract (subject to any excusable delay permitted by Paragraph 25 hereof).
Timing of Construction. Construction will depend on the number of interested locations in the area, weather, seasonal changes, availability of fiber-optic cabling, and availability of construction crews. Actual construction timelines and estimates will be shared with those who are interested before the project starts. The parties acknowledge and agree that such construction and installation may be delayed by factors beyond the control of Alliance such as weather conditions and the availability of construction crews and fiber optic cable.
Timing of Construction. The Parks, Trails and Open Space shall, generally, be improved along with the construction of the Development Applications to which they are adjacent. Parks and Trails shall be constructed in all Phases as will be shown on the Phasing Plan. The Trails shown in red on the Concept Plan shall be constructed along with the first ten percent (10%) of the Residential Dwelling Units. No building permits shall be issued for the final twenty (20%) of the Maximum Residential Units until the required Parks, Trails and Open Space have been completed.
Timing of Construction. Redeveloper will use commercially reasonable efforts to complete salvage and demolition of those portions of the existing buildings to be demolished within one hundred and twenty (120) days following City Council’s approval and the Mayor’s execution of this Agreement and to substantially complete construction of the Private Improvements located upon the Redeveloper Property and Redeveloper Property within eighteen (18) months following the completion of demolition.
Timing of Construction. Developer intends to commence construction of the Project as soon as possible, however, Developer shall commence construction before January 1, 2024. The Project is expected to take up to 18 months to complete. Absent Force Majeure (as defined hereinafter), if Developer does not commence construction by January 1, 2024, then Town may elect to require Developer to reconvey the Town Property to Town. Any such reconveyance of the Town Property shall be free and clear of any and all encumbrances, liens, mortgages, easements, agreements, and other matters of record, other than those existing immediately prior to Town’s delivery of the Town Property to Developer, and Developer’s lender shall immediately execute releases of any mortgages, assignments of leases and rents, and any other instruments encumbering the Town Property, whether or not such instruments are deemed released and/or extinguished by operation of law. No consent from, or notice to, any of Developer’s lenders or any cure right in favor of any such lenders shall be required in connection with the exercise of such right. For purposes of this Section, “commence construction” shall mean material and substantial work on the Project Site related to the construction of the Project pursuant to Required Permits, including but not limited to demolition, excavation, earthwork, grading, or other sitework. The foregoing terms shall be incorporated into the Deed and the Multi-Party Agreement executed by and between Town, Developer, and Project Lender, if applicable. Notwithstanding the time periods described above, Developer currently intends to start construction of the Project after closing and hopes to complete construction approximately 14 months so that the Project can be completed prior to January 1, 2024; provided that, it shall not be an event of default under this Agreement if the project is completed after this date.
Timing of Construction. The Developer agrees to complete construction of Xxxxx Street within 12 months and construction of Florida Avenue within 24 months from execution of this Agreement. An extension of 12 months or less from any of these timing requirements shall be authorized upon written agreement by the City.
Timing of Construction. The Primary Water Feature shall be constructed contemporaneously with the construction of the public improvements in the Watercolor PD. No building permit for construction of an occupied building shall be issued prior to completion and acceptance of the Primary Water Feature.
Timing of Construction. The Parties to this Lease, as well as their successors and/or assigns, hereby agree that Lessee shall have eighteen (18) months from the Commencement Date to obtain a Certificate of Occupancy or to otherwise fully develop the Premises. If such development is not timely commenced or completed, or if due diligence in pursuing such development is not demonstrated to the satisfaction of the GJRAA, then the GJRAA, in its sole discretion, shall have the right to terminate this Lease, and all of Lessee's interest in the Premises shall revert back to the GJRAA. If, however, Lessee has commenced development and is diligently pursuing completion of the development, but such development will not be completed within the eighteen (18) month period allowed, then Lessee may petition, in writing, the GJRAA for an extension of time to complete the development. An extension of time to complete the development is not automatic upon application, but may be granted at the sole discretion of the GJRAA. If such extension is not granted, then the GJRAA shall have the right to declare the Lease void, and all of Lessee's interest in the Premises shall revert back to the GJRAA. The GJRAA makes no representations or warranties with regard to the above contingencies, and Lessee undertakes such efforts solely at its own risk.
