Completion Assurance Clause Samples

Completion Assurance. The Concessionaire hereby undertakes to cause the completion of the construction and commissioning of the Regional MSW Project within the Construction Period in accordance with the terms hereof; provided that the Concessionaire shall not be in breach of this Section 11 if any non-fulfillment or delay in fulfillment of its obligations herein are caused by:
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Completion Assurance. If the Developer fails to complete the Subdivision Improvements within two (2) years from the date of recording of the plat for the Project, unless said timeframe is otherwise extended by the County, then the Escrow Agent agrees that it will become the successor developer for purposes of completing the Subdivision Improvements and may draw upon the Completion Surety and secure engineering certificates as required by paragraph 1 hereof. The Escrow Agent agrees that it will cooperate with Engineer in every manner possible to complete the Subdivision Improvements. The Escrow Agent certifies that the principal amount of the Completion Surety includes all fees and costs that the Escrow Agent may charge in completing the Subdivision Improvements. Failure of the Escrow Agent to draw upon the Completion Surety or obtain extension of same in a timely manner shall not relieve the Escrow Agent from the duty to complete the Project as though it were the developer.
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Completion Assurance. The parties acknowledge and agree that (i) Landlord will be acquiring the Land and obtaining a construction loan for the Base Building Improvements in reliance on the Lease, including Tenant's obligations to complete the Tenant Improvements and to pay for the Tenant Improvements and Tenant Modifications as provided in this Work Letter, and (ii) Landlord would not enter into the Lease unless such obligations are assured in accordance with the terms of this Paragraph 11. Accordingly, Tenant has agreed to provide assurance (the "Completion Assurance") for its obligations under this Work Letter in accordance with this Paragraph 11.
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Completion Assurance. ACRO shall organize, supervise, and execute all Work hereunder in a manner sufficient to achieve each of the Guaranteed Milestones, if any, on or before the applicable dates and otherwise as required to satisfy any deadlines set forth herein.
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Completion Assurance. The parties acknowledge and agree that (i) Landlord will be acquiring the Land and obtaining a construction loan for the Base Building Improvements in reliance on the Lease, including Tenant's obligation to complete and pay for the Tenant Improvements as provided in this Work Letter, (ii) Landlord would not enter into the Lease unless Tenant's obligation to complete the Tenant Improvements is assured in accordance with the terms of this Paragraph 16, and (iii) Tenant's failure to provide such assurance and complete such Tenant Improvements shall entitle Landlord to the liquidated damages as provided herein. Accordingly, Tenant has agreed to provide assurance for its obligations under this Work Letter in accordance with this Paragraph 16.
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Completion Assurance. The Borrower and the Creditors acknowledge and agree that each of the Creditors may be a dual obligee under any payment and performance bonds, letters of credit, or cash escrows issued as completion assurance in connection with the Project, as their respective interests may appear. The liens and claims of the Creditors on the proceeds of the completion assurance funds shall be in the same order and manner as the lien priorities governing the Project. The other Creditors agree that until such time as the First Loan has been paid in full, the First Lender is hereby authorized and empowered to take any and all actions and exercise any and all rights relating to such completion assurance funds. The First Lender agrees to consult with the other Creditors in good faith with respect to all proposed actions relating to the completion assurance funds, but if the Creditors are unable to reach a mutually acceptable agreement as to any proposed action,
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Related to Completion Assurance

  • Construction Completion The related Construction shall have been completed substantially in accordance with the related Plans and Specifications, the related Deed and all Applicable Laws, and such Leased Property shall be ready for occupancy and operation. All fixtures, equipment and other property contemplated under the Plans and Specifications to be incorporated into or installed in such Leased Property shall have been substantially incorporated or installed, free and clear of all Liens except for Permitted Liens.

  • Quality Assurance Requirements There are no special Quality Assurance requirements under this Agreement.

  • Project Completion The Contractor agrees to schedule a final job walk with the County. If required, the County will prepare a list of incomplete items, the “Punch List”. The Contractor agrees to complete the “Punch List” corrections and schedule a final project completion job walk. The County will sign the “Punch List” as completed when determined, the project is finished. The Contractor agrees to submit the following along with its final payment request:

  • Construction Services 3.1.1 Basic Construction Services. 3.1.2 Meetings and Schedule Updates.

  • Quality Assurance The parties endorse the underlying principles of the Company’s Quality Management System, which seeks to ensure that its services are provided in a manner which best conforms to the requirements of the contract with its customer. This requires the Company to establish and maintain, implement, train and continuously improve its procedures and processes, and the employees to follow the procedures, document their compliance and participate in the improvement process. In particular, this will require employees to regularly and reliably fill out documentation and checklists to signify that work has been carried out in accordance with the customer’s specific requirements. Where necessary, training will be provided in these activities.