Excusable Delay

Excusable Delay. A (i) delay caused by unusually adverse weather conditions which have not been taken into account in the construction schedule, fire, earthquake or other acts of God, strikes, lockouts, acts of public enemy, riots or insurrections or any other unforeseen circumstances or events beyond the control of Borrower (except financial circumstances or events or matters which may be resolved by the payment of money), or (ii) a delay caused by Administrative Agent's failure to properly fund an Advance... (provided that all conditions precedent and requirements to such funding, as provided herein, have been met), and as to which Borrower notifies Administrative Agent in writing within five (5) Business Days after such occurrence; provided, however, no Excusable Delay shall extend beyond the Maturity Date (as defined in the Note). View More

Excusable Delay. Shall have the meaning ascribed to it in the Engineering and Construction Agreement