Common use of Certificate of Completion for Project Clause in Contracts

Certificate of Completion for Project. Promptly after completion of construction of the Project, and City’s issuance of a final Certificate of Occupancy, the City will provide a certificate substantially in the form attached hereto as Exhibit E (“Certificate of Completion”) so certifying, provided that at the time such certificate is requested all applicable work has been completed for the Project. The Certificate of Completion shall be conclusive evidence that Developer has satisfied its obligations regarding the development of the Property and construction of the Project. At Developer’s option, the Certificate of Completion shall be recorded in the Official Records. The Certificate of Completion shall not constitute evidence of compliance with or satisfaction of any obligation of Developer to any holder of a deed of trust or mortgage securing money loaned to finance the Project or any part thereof and shall not be deemed a notice of completion of construction under the California Civil Code, nor shall such Certificate provide evidence that Developer has satisfied any obligation that survives the expiration of this Agreement.