Delay in Construction. If, in the opinion of Bank, Borrower is not proceeding continuously and diligently towards completion of the Project, subject to Unavoidable Delays; or the Project is discontinued or abandoned for a period of 15 days, unless the same is due to Unavoidable Delays.
Appears in 1 contract
Sources: Construction Loan Agreement (Tropical Sportswear International Corp)
Delay in Construction. IfBorrower does not, in the ----------------------- opinion of BankLender, Borrower is not proceeding proceed continuously and diligently towards toward completion of the Project, subject to Unavoidable Delays; or the Project is discontinued or abandoned for a period of 15 days, unless the same is due to Unavoidable Delays.
Appears in 1 contract
Sources: Construction and Term Loan Agreement (Efficiency Lodge Inc)