Common use of Operations Commencement Date Clause in Contracts

Operations Commencement Date. (Phase 0): This date will occur no later than three (3) months following the Construction Completion Date (Phase 0); provided, however, that upon a written showing by Developer that it is diligently pursuing Operations Commencement for Phase 0, the Operations Commencement Date (Phase 0) shall be automatically extended as is reasonably necessary for Developer to achieve Operations Commencement for Phase 0, but in no event by more than an additional one (1) month.

Appears in 1 contract

Sources: Development and Host Community Agreement (Full House Resorts Inc)

Operations Commencement Date. (Phase 01): This date will occur no later than three (3) months following the Construction Completion Date (Phase 01); provided, however, that upon a written showing by Developer that it is diligently pursuing Operations Commencement for Phase 01, the Operations Commencement Date (Phase 01) shall be automatically extended as is reasonably necessary for Developer to achieve Operations Commencement for Phase 01, but in no event by more than an additional one three (13) monthmonths.

Appears in 1 contract

Sources: Development and Host Community Agreement (Full House Resorts Inc)