Common use of Construction Start and Completion Clause in Contracts

Construction Start and Completion. (a) Borrower shall commence construction of the Improvements prior to the date of this Loan Agreement. (b) Borrower shall cause (i) the Improvements to be constructed in a good and workmanlike manner, with materials of high quality, and in accordance with the Plans, Legal Requirements and sound building and engineering practices, (ii) the construction of the Improvements to be prosecuted with diligence and continuity and completed in accordance with the Plans on or before the Completion Date, free and clear of liens or claims for liens, and (iii) all licenses and permits necessary for the occupancy, use or sale of the Improvements to be issued.