Material Delay definition
Examples of Material Delay in a sentence
In addition, the Material Delay Fee shall be charged against Contractor for failure to comply with the Emergency Call Out requirements described in the Scope of Services.
If Landlord and Tenant disagree about the duration of any Hazardous Material Delay, they shall utilize the above-referenced dispute resolution procedures.
The "Rent Commencement Date" shall be the date that is one hundred sixty-eight (168) days after the Commencement Date; provided, however, that the Rent Commencement Date shall be postponed by one (1) day for each day of: (a) Landlord Delay, (b) delay attributed to a Tenant Force Majeure, and (c) Hazardous Material Delay.
City’s right to charge and receive payment of the Material Delay Fee is in addition to any and all other rights and remedies available to City under this Agreement or at law and in equity resulting from a material delay in performance by Contractor.
A "Hazardous Material Delay" is any delay to the Tenant Improvement Work in deviation from the written schedule provided to Landlord which is the direct result of Environmental Work that is or is required to be performed by Landlord or its environmental consultant, including, without limitation, any delay directly resulting from any additional approvals that Tenant or Landlord may have to obtain from governmental entities as a result of such Environmental Work.
City may withhold from Contractor an amount payable to Contractor under this Agreement that is equal to the amount of the Material Delay Fee(s) charged against Contractor pursuant to this Section.
In the event of a Hazardous Material Delay, the Rent Commencement Date shall be extended as set forth in Section 3.2. In addition, Landlord shall pay Tenant an amount equal to One Thousand Six Hundred Sixty-Seven Dollars ($1,667) for every day of Hazardous Material Delay.
If a Force Majeure Event should cause a Material Delay, the Final Completion Date shall be extended for such additional period of time as may be reasonably necessary to cure such Force Majeure Event and to permit expeditious completion of the construction, renovation, installation, equipping, and improvement of the Project, but in any event for a period ending not later than [ ], without the prior written consent of the City.
In the event there will be a Hazardous Material Delay of nine (9) months or more, and Tenant provides Landlord with written notice that it desires to terminate this Lease, this Lease shall terminate effective as of the date of such notice if Landlord and Tenant agree, or it is otherwise determined through the above-referenced dispute resolution procedures, that there will be a Hazardous Material Delay of nine (9) months or more.
The Construction Agent shall give the City prompt written notice of the occurrence of any Force Majeure Event, as defined below, with respect to the Project that has caused, or is reasonably likely to cause a Material Delay.