Construction and Completion Clause Samples
The 'Construction and Completion' clause defines the obligations and standards for carrying out and finishing a construction project. It typically outlines the contractor’s responsibilities for building according to approved plans, adhering to timelines, and meeting quality requirements. For example, it may specify milestones, inspection procedures, and the criteria for determining when the work is considered complete. This clause ensures that both parties have a clear understanding of what constitutes proper completion, thereby reducing disputes and providing a framework for project delivery.
Construction and Completion. 5.1 The Sellers / Developers shall construct erect and complete and/or cause to be constructed erected and completed the said new building and/or the said Unit/Units with such materials and/or specifications (more fully and particularly mentioned and described in the SCHEDULE hereunder written) or as shall be recommended by the Architect and the Purchaser has agreed not to raise any objection whatsoever or howsoever.
5.2 The said Unit shall be constructed erected and completed in accordance with the said Plan duly sanctioned by the authorities concerned with such modifications or alterations as may be deemed fit and proper by the Developer/Sellers or the Architect or as may be required by the authorities concerned and the Purchaser hereby consents to the same and hereby further agrees not to have or raise any objection in the Developer/Sellers and/or the Architect making such alterations or additions.
5.3 The Purchaser shall not do any act deed or thing whereby the construction or development of the said premises is in any way hindered or impeded with nor shall in any way commit breach of any of the terms and conditions herein contained.
5.4 During the period of construction and at all times the said Unit shall be at the sole risk of the Sellers / Developers.
5.5 Unless prevented by circumstances beyond the control of the Developer the said New Buildings would be completed within 48 months with a grace period of 12 months (hereinafter referred to as the COMPLETION DATE) from the date of sanction of the said Plan.
5.6 Before the date of possession of the said Unit the Purchaser agrees and covenants: -
a) To pay to the Sellers / Developers such amounts due and payable on account of the consideration as mentioned in Fourth Schedule hereto and the proportionate costs of all payments made for extra common facilities to be provided to all occupiers of the said Building.
b) To deposit amounts free of interest with the Sellers / Developers for the purpose and subject to the conditions mentioned in the Schedule hereunder written.
5.7 Immediately after the said Unit is ready and made fit for habitation (and in this regard the decision of the Architect shall be final and binding) the Sellers / Developers shall serve a notice on the Purchaser and within 07 days from the date of such notice (hereinafter referred to as the POSSESSION DATE) the Purchaser shall be deemed to have taken over possession of the said Unit for the purpose of making payment of the common expense...
Construction and Completion. Borrower shall construct the Improvements for each individual Project in accordance with the construction schedule therefore approved by Lender.
Construction and Completion. Following the approval of the final plans and specifications Landlord shall apply for and endeavor to obtain necessary building permits and other governmental permissions for construction of the improvements. Following issuance of such necessary building permits and other governmental permissions, Landlord shall commence construction in accordance with the final plans and specifications. Landlord shall endeavor to substantially complete Landlord's Work and to tender delivery of the Premises to Tenant within 90 calendar days after the date construction has commenced.
Construction and Completion. 1. Lessee agrees to accept the premises in as is condition, except to the extent otherwise expressly provided herein in Article XIX. During the entire term hereof Lessor shall not be obligated to make any repairs or improvements to the Leased Premises. Lessee agrees to make all repairs during the term of this Lease necessary to keep the premises and any improvements placed thereon in good repair and safe condition. Any improvements existing on the property at the commencement of this Lease shall become Lessee's property and Lessee may use, sell, demolish, remove or otherwise dispose of the same to accommodate the new construction provided for below: Lessee, at its own expense, may:
a. Construct buildings, make structural additions and alterations, repairs, replacements or improvements in or to the real property, provided that said alterations, improvements, structural changes or repairs shall be of such a nature as to enhance the value of the Leased Premises when made;
b. All such additions, alterations, repairs and replacements to the real property and the fixtures permanently attached to said real property shall upon the termination of this Lease, by operation of law or otherwise, become the property of Lessors, and upon the termination of this Lease Lessee shall not remove any of said fixtures permanently attached to the real property unless so directed by Lessor.
Construction and Completion. 6.1 The SUB-LESSEE acknowledges that the said RESIDENTIAL SEGMENT is to comprise of various Towers each and each Tower shall have several APARTMENT/FLAT/UNITs constructed spaces, car parking spaces and dormitories and are to be constructed in accordance with the specifications as detailed out in the L&T Agreement or in accordance with such specifications as has been mutually agreed upon between the DEVELOPER and L&T.
6.2 Based on the time schedule given by L&T the said L&T and unless prevented by circumstances beyond its control in terms of the said L&T Agreement has agreed to construct erect and complete the said Tower in which the said APARTMENT/FLAT/UNIT is situated on or before with a grace period of 9 months (hereinafter referred to as the
6.3 The said Tower in which the said APARTMENT/FLAT/UNIT is situated shall be deemed to have been completed if provided with electricity, water, lift and other utilities and being certified so by the Architect
6.4 The said Tower in which the said APARTMENT/FLAT/UNIT is situated shall be constructed erected and completed in a ▇▇▇▇▇▇▇ like manner with such materials and/or specifications details whereof will appear from THIRD SCHEDULE hereunder
6.5 It is hereby expressly agreed and declared that super-built up area as certified by the Architect shall be conclusive and binding on the parties hereto.
Construction and Completion. (a) The Borrower shall diligently pursue Completion and cause Completion to occur as promptly as reasonably possible and in accordance with the Construction Budget and the Operating Plan then in effect.
(b) The Borrower shall construct and complete the physical facilities of the Project substantially as contemplated by the Project Description and in all material respects in accordance with the Operating Plan, the Construction Budget, the Project Documents and prudent international mining industry practice.
(c) The Borrower shall notify the Technical Agent, the Senior Lenders, the PRI Insurers and the Independent Engineer of any revision to the Construction Budget including the Project Description it proposes to make from time to time. Any material revision of the Construction Budget other than those revisions as provided in Section 8.14 shall require the prior written consent of Majority Secured Parties (acting after consultation with the Independent Engineer). The Borrower shall provide to the Administrative Agent, the Technical Agent and the Independent Engineer, promptly after it is available, a copy of any revision to the Construction Budget.
Construction and Completion. The City shall cause the design and construct the Public Improvements, securing all necessary permits and approvals therefor, and complying with all applicable competitive bidding laws. The City will provide bid tabs and other information requested by the Authority to document the scope of the Public Improvements, and the costs thereof. Once the City has completed construction of the Public Improvements, the City shall provide the Authority with a final cost summary of all costs associated with such Public Improvements, certificates of Completion, and evidence that all amounts owing to contractors and subcontractors have been paid in full as evidenced by customary affidavits executed by such contractors. The City will document the extent of the Public Improvements to the Authority as soon as practicable following completion thereof.
Construction and Completion. Borrower shall promptly commence and diligently pursue to completion all work set forth in the capital expenditures budget attached hereto as Exhibit H (the “Approved Capital Expenditures Budget”). Without limiting the foregoing, all work required to be completed by Borrower pursuant to any so-called “Property Improvement Plan” now or hereafter entered into by Borrower and the franchisor under the Franchise Agreement shall be completed when required in accordance with the terms thereof. Borrower shall promptly correct and remedy any defects or deficiencies in construction of capital improvements or tenant improvements or any future repairs, restorations, reconstructions or modifications thereto.
Construction and Completion. If Owner acquires the Exchange Property pursuant to the Agreement for Exchange of Real Property, then Owner shall use best efforts to Commence Initial Construction on or before the Commencement Date. With respect to each Phase of the Project Owner undertakes, Owner shall develop, construct and complete such Phase of the Project, or cause such Phase of the Project to be developed, constructed and completed:
(i) in good faith and in a good and workmanlike manner, (ii) in accordance with all Applicable Laws, (iii) in substantial conformance with the Plans, (iv) subject to the Project Budget, and (v) in all material respects in accordance with the Project Construction Schedule, subject to extension for Force Majeure.
Construction and Completion of the Premises 1 2.2 Free Basic Rent 2