Common use of Initial Acceptance Clause in Contracts

Initial Acceptance. Within twenty (20) days following initial delivery to Clerk, Clerk shall either: (i) accept the PTG Deliverables in writing; or, (ii) reject the PTG Deliverables and provide PTG with a statement of Errors resulting in operation not in conformance with the Test Validation Criteria. Failure by Clerk to provide the rejection and statement of Errors within the twenty (20) day period provided herein shall be deemed to be acceptance by Clerk of the PTG Deliverables. PTG will correct any Error and redeliver the affected Deliverables to Clerk within thirty (30) days following receipt of the statement of Errors. Clerk shall, within ten (10) days following such redelivery, retest and accept or reject the redelivered PTG Deliverables in accordance with the procedures set forth herein. Failure by Clerk to provide a statement of either acceptance or Errors within ten (10) days following redelivery of the PTG Deliverables shall be deemed to be acceptance by Clerk of the PTG Deliverables.

Initial Acceptance. Within twenty (20) days following initial delivery to ClerkRecorder, Clerk Recorder shall either: (i) accept the PTG Deliverables in writing; or, (ii) reject the PTG Deliverables and provide PTG with a statement of Errors resulting in operation not in conformance with the Test Validation Criteria. Failure by Clerk Recorder to provide the rejection and statement of Errors within the twenty (20) day period provided herein shall be deemed to be acceptance by Clerk Recorder of the PTG Deliverables. PTG will correct any Error and redeliver the affected Deliverables to Clerk Recorder within thirty (30) days following receipt of the statement of Errors. Clerk Recorder shall, within ten (10) days following such redelivery, retest and accept or reject the redelivered PTG Deliverables in accordance with the procedures set forth herein. Failure by Clerk Recorder to provide a statement of either acceptance or Errors within ten (10) days following redelivery of the PTG Deliverables shall be deemed to be acceptance by Clerk Recorder of the PTG Deliverables.