Common use of Cessation of Work Clause in Contracts

Cessation of Work. Once commenced, there occurs cessation of the work of construction prior to completion of the Improvements for a continuous period of ten (10) days or more for causes other than those beyond the control of Borrower or consented to in writing by Lender; or

Appears in 2 contracts

Sources: Loan Agreement (American Retirement Corp), Loan Agreement (American Retirement Corp)

Cessation of Work. Once commenced, there There occurs cessation of the work of construction prior to completion of the Improvements for a continuous period of ten (10) days or more for causes other than those beyond the control of Borrower or consented to in writing by Lender; or

Appears in 1 contract

Sources: Construction Loan Agreement (Behringer Harvard Opportunity REIT I, Inc.)

Cessation of Work. Once commenced, there occurs cessation of the work of construction prior to completion of the Improvements for a continuous period of ten forty-five (1045) days or more for causes other than those beyond the control of Borrower or consented related to in writing by Lender; orForce Majeure.

Appears in 1 contract

Sources: Construction Loan Agreement (American Retirement Corp)