Commencement and Completion of Construction Sample Clauses

Commencement and Completion of Construction. Borrower shall not cause or permit the commencement of construction of the Improvements or delivery of materials to the Land until after recording of the Security Instrument with the appropriate recorder’s office of the county where the Land is located and after obtaining all permits and approvals that are necessary to permit Borrower to commence construction of the Improvements. Borrower shall commence construction of the Improvements (including demolition of any existing improvements) no later than one hundred twenty (120) days from the date of this Agreement (subject to extension for Force Majeure Events as hereinafter provided) and Borrower shall diligently pursue said construction to the Completion Event, and shall supply such moneys required in excess of the Loan Amount and Borrower’s Equity and perform such duties as may be necessary to complete the construction of the Improvements in substantial accordance with the Plans and Specifications and all Requirements, and achieve the Completion Event, all of which shall be accomplished on or before the Completion Date, subject to extension for Force Majeure Events not to exceed sixty (60) days in the aggregate. Completion of the Improvements shall be without liens, claims or assessments (actual or contingent) pending against the Property for any material, labor or other items furnished in connection therewith (except for liens that have been bonded around in accordance with applicable Requirements so that such liens and claims are not encumbrances to the title of the Property). Borrower shall obtain and deliver to Administrative Agent copies of all building permits required for the construction of the Improvements at such time as such permits are required to be obtained under applicable Requirements for that phase of the construction of the Improvements then in process, and will provide to Administrative Agent copies of all other utility, building, health and operating permits (if any) upon Administrative Agent’s request. No phase of the construction of the Improvements shall commence until all permits required for such phase of the construction of the Improvements have been obtained. Borrower will provide to Administrative Agent upon request therefor evidence of satisfactory compliance with all of the foregoing.

Commencement and Completion of Construction. The Company shall begin Construction Activities no later than January 1, 2014 (“Commencement Date”) and secure a final Certificate of Compliance by June 30, 2015 (hereinafter, “Completion Date”).

Commencement and Completion of Construction. The Company shall apply for a permit(s) valued at no less than $1,500,000 by no later than December 31, 2016 and secure a final Certificate of Compliance for 100% of the improvements made to the Commercial Space, the Associated Parking Improvements, and the Public Park Area by June 30, 2019 (hereinafter, “Completion Date”).

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.

Commencement and Completion of Construction. Subject to Unavoidable Delays, the Developer shall commence construction of the Minimum Improvements no later than May 1, 2021. Subject to Unavoidable Delays, the Developer shall have substantially completed the construction of the Minimum Improvements no later than November 30, 2023. All work with respect to the Minimum Improvements to be constructed or provided by the Developer on the Development Property shall be in substantial conformity with the Construction Plans and Developer will not modify the size or exterior appearance of the Minimum Improvements without the consent of the EDA and the City, which consent shall not be unreasonably withheld. The Developer shall make such reports to the EDA regarding construction of the Minimum Improvements as the ▇▇▇ ▇▇▇▇▇ necessary or helpful in order to monitor progress on construction of the Minimum Improvements.

Commencement and Completion of Construction. Subject to the terms and conditions of this Agreement and to Unavoidable Delays, the Developer will commence construction of the Project by November 30, 2016 and shall substantially complete the Project by December 31, 2017. Notwithstanding the foregoing, failure of the Developer to substantially complete the Project shall not be an Event of Default unless the Project is not substantially completed by June 1, 2018. The Project will be constructed by the Developer on the Development Property in conformity with this Agreement, the PUD, the Development Agreement and the Construction Plans approved by the City. No changes shall be made to the Construction Plans for the Project without the City’s prior written approval, unless the aggregate of such changes do not increase or decrease the Total Development Costs by more than 10% or materially alter the Plans. No changes which materially alter (a) the Project’s Site Plan, (b) exterior appearance, (c) quality, (d) exterior materials, (e) number of units or (f) number of parking spaces included in the Design Drawings and Construction Plans shall be made without the City’s prior written consent. The approval of the City will not be unreasonably withheld, unreasonably conditioned or unreasonably delayed. Upon the request of the City, and subject to applicable safety rules, the Developer will provide the City reasonable access to the Development Property. “Reasonable access” means at least one site inspection per week during regular business hours. During construction, marketing and rentals of the Project, the Developer will deliver progress reports to the City from time to time as mutually agreed upon by the City and the Developer.

Commencement and Completion of Construction. Borrower shall cause the Construction of the Improvements to be commenced and prosecuted in a good and workmanlike manner and shall cause the same to be completed in accordance with the Project Schedule and substantially in accordance with the Plans and Specifications.

Commencement and Completion of Construction. 1. No more than thirty (30) days after the Franchisor approves Developer's Plans, Developer shall commence construction or renovation of the Franchised Unit. If commencement of construction or renovation is delayed by a cause beyond the reasonable control of Developer, the date upon which commencement of construction or renovation is to begin may be extended by obtaining written approval of Franchisor. Prior to the commencement of construction, Developer shall: (1) eliminate or otherwise satisfy all of the conditions set forth in writing by Franchisor; (2) if not previously paid, pay Franchisor the balance of the initial fees required by this Agreement; and (3) provide Franchisor, if Developer leases the premises of the Franchised Unit, a copy of the fully-executed lease for the premises or, if Developer owns the premises, proof of Developer's ownership interest and (4) procure the insurance coverage provided for in Section XI of the Franchise Agreement, and maintain such insurance coverage throughout the term of the Franchise Agreement. 2. Upon commencement of construction or renovation of the Franchised Unit, Developer shall notify Franchisor on such form as Franchisor may prescribe. 3. Notwithstanding the occurrence of any events, except events constituting Force Majeure, construction shall be completed and the Franchised Unit shall be furnished, equipped and shall otherwise be ready to open for business in accordance with this Agreement not later than 180 days after the earlier to occur of (i) Franchisor's acceptance of the site of the Franchised Unit or (ii) the date of execution of the Franchise Agreement ("the Opening Date"). If events constituting Force Majeure cause a delay in the commencement of construction of the Franchised Unit, Franchisor shall proportionately extend the Opening Date for the Franchised Unit. 4. Developer agrees, at its sole expense, to do or cause to be done the following, by the Opening Date: (a) Obtain and maintain all required building, utility, sign, health, sanitation, business and other permits and licenses applicable to the Franchised Unit. (b) Construct all required improvements to the premises and decorate the interior of the Franchised Unit in compliance with the Plans approved by Franchisor. (c) Purchase or lease and install all specified and required fixtures, equipment, furnishings and signs required for the Franchised Unit. (d) Purchase an opening inventory for the Franchised Unit of only authorized and approved...

Commencement and Completion of Construction. Subject to Unavoidable Delays, the Developer shall commence construction of the Minimum Improvements by 2023. Subject to Unavoidable Delays, the Developer shall complete the Minimum Improvements by , 2023. All work with respect to the Minimum Improvements to be constructed or provided by the Developer on the Property shall be in conformity with the City zoning ordinances and the Developer shall obtain all required permits.