Sentences with phrase «safe harbor clause»

Projects could meet the construction deadline by either starting physical work or through the safe harbor clause, which required them to spend at least 5 % of the project cost prior to the end of 2013 and maintain continuous progress thereafter.

The safe harbor clause, in particular, will be appealing to lenders fearing borrower lawsuits.

While commending the Justice Department for including broad «safe harbor» clauses for existing buildings in compliance with current standards for barrier removal and path of travel obligations, BOMA urged the inclusion of safe harbor clauses in the final rules so that existing facilities that comply with current guidelines for people with disabilities do not have to undergo extensive upgrades to comply with the revised standards.