Completion of the Improvements definition

Completion of the Improvements is defined in Section 5(d) of this Agreement. “Deed” is defined in Section 12(b)(i) of this Agreement.

Completion of the Improvements means the substantial completion (i.e., completion of the Project Improvements other than Punch List Items) of the construction and renovation of the Project Improvements substantially in accordance with all Plans and Specifications, all applicable Legal Requirements, all Permitted Encumbrances, the Condominium Documents and the Building Loan Agreement, and that all utilities necessary to service the Property have been connected and are in operation, such completion to be evidenced to the reasonable satisfaction of Lender and the Construction Consultant; together with the delivery to Mortgage Lender and Lender of a permanent or temporary certificate of occupancy (if subject to any conditions, such conditions being reasonably acceptable to Mortgage Lender and Lender) for the Improvements and evidence that all other Governmental Approvals have been issued and all other applicable Legal Requirements have been satisfied so as to allow the Improvements to be used and operated in accordance with the Mortgage Loan Documents.

Completion of the Improvements means the completion and payment of the Direct Costs and the Indirect Costs of all design, construction, equipping, furnishing and tenant-fixturing of the Improvements, all clearing, landscaping, lighting and paving of the Premises, and procurement of all approvals, licenses and permits necessary to make the same ready for use and occupancy, open the same to the public and place the same in operation in order to convert, exchange, remortgage, rent, sell, use or otherwise dispose of the Premises and Improvements, as a whole or in parts, so that the Loan can be repaid or refinanced on or before the maturity date of the Note.

Completion of the Improvements shall have the meaning ascribed to it in Section 5.17(a).

Completion of the Improvements means the full and complete performance of all work (including all punch list items) required to renovate, construct and equip the Improvements in accordance with (in all material respects) this Agreement, the Mortgage Loan Documents, the Plans, and all Legal Requirements.

Completion of the Improvements means completion of the Improvements so that the same is complete pursuant to the relevant construction contract or contracts;

Completion of the Improvements means completion of the Improvements so that the same is complete in accordance with the relevant construction contract or contracts;

Completion of the Improvements means, as to any Construction Property, the time when Improvements for a Construction Property (or portion thereof then scheduled to be completed) have been substantially completed in accordance with the Plans, the Major Leases and Anchor Leases and the provisions of Article V., and all of the following have been delivered to the Agent in form and substance satisfactory to the Agent: (i) Certificate of Occupancy (or its equivalent) from the appropriate Governmental Authority having jurisdiction over the Construction Property; (ii) an AIA Certificate of Substantial Completion from the Architect; (iii) an endorsement from the Title Company deleting any exception in the Title Insurance Policy relating to Completion of the Improvements and other exceptions specified by the Agent which may be deleted pursuant to applicable regulations; (iv) an affidavit and full release of liens in recordable form from the General Contractor and the Architect, and, upon request of the Agent, any other contractors or subcontractors who have performed work on, or furnished materials for, the Improvements on such Construction Property; and (v) after the issuance of the aforesaid certificate from the Architect any and all "punch list" items or other items which remain to be completed have been fully and finally completed.

Completion of the Improvements shall include satisfaction of the following described requirements: (1) Seller shall have delivered to Purchaser a final certificate of occupancy for each tenant space included within the Property, and (2) certificates of substantial completion (subject only to an attached punch list) as to Seller's work for construction of the Improvements (as hereinafter defined) and under any tenant lease shall have been issued and signed by the project architect stating that: (A) Seller's work has been substantially completed (subject only to an attached punch list) in accordance with the plans and specifications reasonably approved by Purchaser and required to bring the vacant space to a vanilla box condition (the "Plans and Specifications") for the construction of the improvements therein described (the "Improvements"), and (B) Seller's work has been completed in accordance with the terms, conditions and provisions of the terms of this Agreement, and (C) all applicable governmental rules, regulations and requirements have been satisfied, and (3) subject to completion of "punch list" items, each tenant under Leases shall have accepted, in writing, the respective demised premises "as is," and shall have opened for business to the public and taken total possession and commenced rental payments per the leases, including applicable reimbursements for maintenance, insurance and real estate taxes in accordance with the terms of the respective Leases, and (4) no tenant under Leases shall have filed for bankruptcy, insolvency, or reorganization protection pursuant to any statute either of the United States or any state, and (5) intentionally deleted, and (6) Seller shall have delivered to the Title Company lien waivers, and the Title Company shall have issued its Title Policy in favor of Purchaser with all matters related to new construction waived and/or insured over.