Common use of Failure to Construct Clause in Contracts

Failure to Construct. Failure of Borrower to obtain permits, commence, and prosecute to completion, construction of the Development within the times set forth in the Schedule of Performance, subject to extensions for reasons of force majeure under Section 7.15.

Failure to Construct. Failure of If Borrower fails to obtain permits, commence, or to commence and prosecute construction of the Improvements to completion, construction of the Development within the times set forth in the Schedule of PerformanceArticle 3 above, subject to extensions for reasons of the force majeure under provisions of Section 7.157.14 below.