Examples of Substantial Completion of the Building in a sentence
The Developer shall use its commercially reasonable efforts to cause the Design Builder to achieve Substantial Completion of the Building Improvements in each Phase by the applicable Projected Date of Substantial Completion.
Notwithstanding anything to the contrary contained in the Lease, if Substantial Completion of the Building, Common Areas, or Tenant Improvements is delayed as a result of Tenant Delay (as hereinafter defined), then, for purposes of establishing the Date of Substantial Completion of the Tenant Improvements, the Date of Substantial Completion shall be deemed to have occurred on the Date that Substantial Completion of the Tenant Improvements would have occurred but for such Tenant Delay.
If Tenant proposes property insurance with lesser coverage terms than what is carried by Landlord at the time of Tenant’s initial notice (or what Landlord would have carried upon Substantial Completion of the Building based on similar buildings in its (or its parent entity’s) portfolio), then Tenant will submit such proposed property insurance for Landlord’s approval.
The Commissioning Plan sets out the commissioning activities the Design-Builder intends to carry out to satisfy Section 33 of this Agreement and to achieve Substantial Completion of the Building and Substantial Completion of the Project.
Subject to the termination and all other provisions of this Lease, the term hereof (the "Term") shall commence on the earlier of (i) the day immediately following (XXth) full calendar months after the Construction Commencement Date (as such term is defined in Section 6.D. below), or, (ii) the first day of the first calendar month after Substantial Completion of the Building Improvements (as such term is defined in Section 6.
The liquidated damages will be the Authority's sole claim for damages against the Design- Builder for failure to achieve Substantial Completion of the Building by the Target Building Substantial Completion Date or for failure to achieve Substantial Completion of the Project by the Target Project Substantial Completion Date.
The Design-Builder acknowledges that the date the Building is fully operational will be later than the date of Substantial Completion of the Building.
Landlord shall achieve Substantial Completion of the Building and the Premises in accordance with the permitted plans and specifications, and terms of the Exhibits hereto, by no later than January 31, 2008.
In addition to the other insurance requirements set forth in the Lease, if Tenant constructs any finishes or tenant improvements prior to Landlord’s Substantial Completion of the Building, then Tenant will maintain, or cause its contractors to maintain, the types and amounts of insurance as reasonably requested by Landlord.
In the event of the occurrence of a force majeure event that delays construction of the Project pursuant to Seller’s contract with Developer, Buyer and Seller agree that any dates, time periods or deadlines referred to in this Agreement that are based upon completion or Substantial Completion of the Building or Improvements will be delayed for a period equal to the force majeure delay agreed upon or determined in Seller’s contract with Developer.