Common use of Timely Completion Clause in Contracts

Timely Completion. In the event that damage, destruction or taking results or is expected to result in an abatement of Lease Payments, such replacement or repair can be fully completed within a period not in excess of the period in which rental interruption insurance proceeds, as described in Section 5.4 hereof, together with other identified available moneys, will be available to pay in full all Lease Payments coming due during such period as demonstrated in an attached reconstruction schedule.

Appears in 3 contracts

Sources: Lease/Purchase Agreement, Lease/Purchase Agreement, Lease/Purchase Agreement

Timely Completion. In the event that damage, destruction or taking results results, or is expected to result result, in an abatement of Lease Payments, such replacement or repair can be fully completed within a period not in excess of the period in which rental interruption insurance proceeds, as described in Section 5.4 hereof, together with other identified available moneys, will be available to pay in full all Lease Payments coming due during such period as demonstrated in an attached reconstruction schedule.

Appears in 1 contract

Sources: Lease/Purchase Agreement