ACCEPTANCE BY TLI Clause Samples
The 'ACCEPTANCE BY TLI' clause defines the process by which TLI formally agrees to or approves a deliverable, service, or contractual obligation. Typically, this clause outlines the criteria or procedures TLI will use to review submissions, such as inspecting goods, verifying services, or confirming that certain standards are met before acceptance is granted. Its core function is to ensure that TLI has the opportunity to verify compliance with contract requirements before being bound to accept or pay for the work, thereby protecting TLI from substandard or incomplete performance.
ACCEPTANCE BY TLI. TLI agrees to comply with all covenants and restrictions applicable to an owner of the 1997-A SUBI and 1997-A SUBI Certificate, whether set forth therein, in the Titling Trust Agreement, the 1997-A SUBI Supplement or otherwise, and assumes all obligations and liabilities, if any associated therewith.
