Common use of COMMENCEMENT AND COMPLETION OF THE WORKS Clause in Contracts

COMMENCEMENT AND COMPLETION OF THE WORKS. 13.1 The Developer shall not be obliged to commence with the Works until: 13.1.1 the Purchaser has furnished adequate security to the Seller's satisfaction for the Purchase Price; and 13.1.2 all necessary consents, approvals and/or registrations from all relevant authorities have been obtained. 13.2 If the commencement or completion of the Works is delayed beyond the Completion Date as referred to in Clause 4.1 of the Covering Schedule, for any reason or cause whatsoever beyond the Seller and/or the Developer's control or if any building industry holidays, whether statutory or recognised generally as customary in the industry, rain days or strikes fall within the contract period, then the Seller and the Developer shall be entitled to a fair and reasonable extension of time for the completion of the Works and the Purchaser shall not for that reason have any claim against the Seller and/or the Developer for damages or otherwise.