Construction Completion Date Clause Samples
The Construction Completion Date clause establishes the specific deadline by which a construction project must be finished. It typically outlines the exact date or method for determining when the work is considered complete, and may address procedures for confirming completion, such as inspections or certifications. This clause is essential for setting clear expectations between parties, helping to manage project timelines, and providing a basis for assessing delays or potential penalties.
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Construction Completion Date. Commercial general liability insurance for the Development Owner, listing the Department as an additional insured, in an amount equal to the greater of $1,000,000 or the amount of the Subaward.
Construction Completion Date. The Borrower will proceed diligently to acquire, construct and/or and equip the Project, in accordance with the Project Cost Schedule and the Plans, without delay. The Project shall be completed on or before (the “Completion Date”) and at completion the Project shall be free of any and all private or governmental charges or claims (filed or not) of any nature, except for the Permitted Liens. The Borrower will deliver to the Bank certified copies of all use, occupancy or completion certificates in connection with the Project, immediately upon issuance. As used in this Agreement the terms “complete”, “completed” and “completion” mean, with respect to the Project, that (i) the Improvements are substantially physically complete in accordance with the Plans and equipped; (ii) the Borrower has received all permits, approvals and certificates required by law prior to the use and occupancy thereof and has furnished true copies of such permits, approvals and certificates to the Bank; (iii) the Bank has received from the Architect and the Bank’s inspector certificates of substantial completion of the Project in accordance with the Plans; (iv) the Project is free of any and all private or governmental charges, claims or liens (filed or not) of any nature except the Permitted Liens; and (iv) the Borrower has obtained all general releases of mechanic’s and materialman’s liens required by Section 7.06 and delivered true copies thereof to the Bank.
Construction Completion Date. On or before April 30, plus extensions, if any, authorized by a Change Order issued pursuant to Subsection 2.2A of the Contract
Construction Completion Date. The Parties anticipate that substantial completion of Phase 1 of the Project will be achieved on or before December 2025. Once substantial completion is achieved then the Parties expect library operations to commence in the New Library within ninety (90) days of receipt of a certificate of occupancy.
Construction Completion Date. The Concessionaire undertakes to complete and conclude the construction of the Project by no later than the Construction Completion Date, or as adjusted by the State in accordance with the provisions set forth herein. The Concessionaire is required to provide the State with prior written notice indicating its expected Construction Completion Date, and when it expects to commence the Construction Completion Inspection, at least sixty (60) days prior to such date.
Construction Completion Date. The Company will complete the Project as promptly as practicable and, in any event, by June 30, 2023. On the date the Project is complete and a certificate of occupancy has been obtained for the Facility (if such certificate is required to be obtained) (the “Construction Completion Date”), the Company will deliver to the Issuer and the Depositary a certificate signed by an Authorized Company Representative stating that, except for specified amounts remaining in the Acquisition Fund for any specified Related Costs incurred by the Company but not then due and payable, the Project is complete and all costs of labor, services, materials and supplies in connection with the Project have been paid for or provisions have been made for their payment. After the transfer of remaining moneys in the Acquisition Fund to the Company pursuant to Section 706 of the Indenture, the Company will have sole responsibility for the payment of any Related Costs in excess of the amount specified to be retained in the Acquisition Fund. Upon completion, the Project Property will comply in all material respects with all building codes, and other laws, ordinances, rules and regulations applicable to the Project Property or the Facility.”
Construction Completion Date. (i) The Borrower shall notify the Administrative Agent in writing of the date it projects to be the Construction Completion Date (the “Projected Construction Completion Date”) at least thirty days prior to such Projected Construction Completion Date. If at any point after such notification, but prior to the Projected Construction Completion Date, the Borrower determines that such Projected Construction Completion Date will not be the Construction Completion Date, the Borrower shall promptly provide the Administrative Agent the revised Projected Construction Completion Date.
(ii) The Borrower shall provide a written certification by an Authorized Officer of the Borrower notifying the Administrative Agent of the occurrence of the Construction Completion Date no later than two (2) Banking Days after the occurrence thereof.
Construction Completion Date. To be determined with contractor based on negotiated scope of work, delivery time of HVAC equipment and approved schedules. No later than April 30, 2021.
Construction Completion Date. The Day the Unit has demonstrated its ability to meet the capacity and efficiency targets in the Engineering Agreement.