Common use of Conditions to Commencement of Construction Clause in Contracts

Conditions to Commencement of Construction. Tenant shall have submitted to Landlord in writing its good faith estimate of the anticipated total construction costs of the Additional Construction. If such good faith estimate exceeds One Million Dollars ($1,000,000), Tenant shall also submit evidence reasonably satisfactory to Landlord of Tenant’s ability to pay such costs as and when due.

Appears in 1 contract

Sources: Ground Lease

Conditions to Commencement of Construction. Tenant shall have submitted to Landlord in writing its good faith estimate of the anticipated total construction costs of the Additional Construction. If such good faith estimate exceeds One Million Dollars ($1,000,000), Tenant shall also submit evidence reasonably satisfactory to Landlord of Tenant’s ability to pay such costs as and when due.; and

Appears in 1 contract

Sources: Ground Lease