PREREQUISITES TO CONSTRUCTION Sample Clauses

The "Prerequisites to Construction" clause defines the specific conditions that must be satisfied before any construction work can commence under a contract. Typically, these prerequisites may include obtaining necessary permits, securing financing, providing proof of insurance, or receiving approvals from relevant authorities. By clearly outlining these requirements, the clause ensures that all parties are prepared and that construction begins only when all legal and logistical hurdles have been addressed, thereby minimizing delays and reducing the risk of disputes.
PREREQUISITES TO CONSTRUCTION. The Developer and/or Landowner shall not obtain permits for the construction of improvements or commence the construction of improvements until approval by all other agencies as required to construct the required improvements have been obtained and this Agreement has been completed and signed by the Developer, the Landowner, and the City, and all Engineering Inspection Fees have been paid as required by City ordinance or resolution.
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PREREQUISITES TO CONSTRUCTION. Prior to the commencement of work with respect to any Applicable Project at an Individual Property, the Company shall provide to the Owner and the Agent, and the Owner and the Agent shall have approved in their reasonable judgment (it being understood and agreed, however, that the Owner and the Agent shall be deemed to have approved any of the following items in the event that they shall not have notified the Company of any disapproval within three (3) Business Days after receipt of such item): (a) a copy of the form Applicable Plans and Specifications (it being understood and agreed that the actual Applicable Plans and Specifications shall be delivered to the Owner and the Agent once they have been prepared) and all Applicable Approvals then required; (b) an appraisal of such Individual Property, prepared (in accordance with FIRREA and all other regulatory requirements applicable to the Agent) and certified by an independent MAI appraiser acceptable to the Owner and the Agent, setting forth the estimated fair market value of the Individual Property (i) on and as of the Applicable Completion Date (on an "as-completed" basis in accordance with the Applicable Plans and Specifications), which shall be no less than ninety (90%) percent of the anticipated Cost for such Applicable Project and (ii) on and as of the Expiration Date; (c) a certificate from an Authorized Representative of the Company stating that the Allocable Costs for such Applicable Project will not exceed the fair market value of such Individual Property as of the Final Project Completion Date, as established by the appraisals obtained in accordance with subsection 6(b) above; and (d) a project budget for such Applicable Project, setting forth in detailed form the types or classifications of work to be performed and materials and supplies to be procured in connection with such Applicable Project and the budgeted cost of each such item of work and materials and supplies.
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PREREQUISITES TO CONSTRUCTION. The Developer shall not obtain permits for construction of the improvements or commence construction until the requirements of Paragraphs 2.01 through 2.08 below have been met.
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PREREQUISITES TO CONSTRUCTION. A. The Developer shall not obtain permits for the construction of improvements or commence the construction of improvements until this Agreement has been completed and signed by the Developer and the City and all public works inspection fees have been paid as required by City ordinance or resolution. Appendix III to this Agreement is the Public Works Inspection Fee Summary.
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Related to PREREQUISITES TO CONSTRUCTION

  • Commencement and Completion of Construction Subject to Unavoidable Delays, Developer shall cause construction of the Minimum Improvements to be undertaken and completed: (i) by no later than June 1, 2020; or (ii) by such other date as the parties shall mutually agree upon in writing. Time lost as a result of Unavoidable Delays shall be added to extend this date by a number of days equal to the number of days lost as a result of Unavoidable Delays. All work with respect to the Minimum Improvements shall be in conformity with the Construction Plans approved by the building official or any amendments thereto as may be approved by the building official. Developer agrees that it shall permit designated representatives of the City, upon reasonable notice (which does not have to be written), to enter upon the Development Property during the construction of the Minimum Improvements to inspect such construction and the progress thereof.

  • Law; Construction This Agreement and any claim, counterclaim or dispute of any kind or nature whatsoever arising out of or in any way relating to this Agreement (“Claim”), directly or indirectly, shall be governed by, and construed in accordance with, the internal laws of the State of New York.

  • Commencement of Construction Construction of the Project will start within thirty (30) days after notification to the Developer by the Owner, or as soon thereafter as weather and ground conditions permit.

  • Governing Law; Construction This Agreement and any claim, counterclaim or dispute of any kind or nature whatsoever arising out of or in any way relating to this Agreement (“Claim”), directly or indirectly, shall be governed by, and construed in accordance with, the laws of the State of New York. The section headings in this Agreement have been inserted as a matter of convenience of reference and are not a part of this Agreement.

  • General Construction 20.2.1. Binding Nature.............................................. 20.2.2. Entire Agreement............................................ 20.2.3. Governing Law............................................... 20.2.4. Indulgences Not Waivers..................................... 20.2.5. Titles Not to Affect Interpretation......................... 20.2.6.