Common use of Timing of Project Construction and Completion Clause in Contracts

Timing of Project Construction and Completion. The Developer generally anticipates completing development of the Project in one or two phases. If Developer constructs the Project in multiple phases, the first phase shall include demolition of existing structures, excavation for the proposed subterranean parking levels, construction of the proposed structures, interior buildout, and installation of site lighting and landscaping. Once construction has commenced, the Developer will use its best efforts, in accordance with its own business judgment and taking into consideration market conditions, litigation, and other economic factors influencing its business decision, to continue development and develop the Project in accordance with the provisions and conditions of this Agreement.

Appears in 1 contract

Sources: Development Agreement

Timing of Project Construction and Completion. The Developer generally anticipates completing development of the Project in one or two phasesphase. If Developer constructs the Project in multiple phases, the first This phase shall would include demolition of existing structures, excavation for the proposed subterranean parking levels, construction of the proposed structures, interior buildout, and installation of site lighting and landscaping. Once construction has commenced, the The Developer will use its best efforts, in accordance with its own business judgment and taking into consideration market conditions, litigation, and other economic factors influencing its business decision, to commence or continue development development, and to develop the Project in accordance with the provisions and conditions of this Agreement.

Appears in 1 contract

Sources: Development Agreement