Common use of Construction Completion Date Clause in Contracts

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. 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 September 30, 1997 (the “"Completion Date”) "), absent the occurrence of an unanticipated event or events which are beyond the control of the Borrower or the General Contractor and at completion the Project Premises 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 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 's inspector certificates of substantial completion of the Project in accordance with the Plans; (iv) the Project Premises 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 's and materialman’s 's liens required by Section 7.06 and delivered true copies thereof to the Bank.

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 PlansPlans and Specifications, without delay. The Project shall be completed on or before (the “Completion Date”) Date and at completion the Project shall be free of any and all Liens and 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 Agreement, the terms “complete”, “completed” and “completion” mean, with respect to the Project, that (ia) the Improvements are substantially physically complete completed and equipped in accordance with the Plans and equippedSpecifications; (iib) 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; (ivc) the Project is free of any and all private or governmental charges, claims or liens Liens (filed or not) of any nature except the Permitted Liens; and (ivd) the Borrower has obtained all general releases of mechanic’s and materialman’s liens Liens required by Section 7.06 and delivered true copies thereof to the Bank.