Operational Completion Tests Sample Clauses

The Operational Completion Tests clause defines the procedures and criteria for verifying that a project or system is fully functional and meets the agreed-upon performance standards before it is considered complete. Typically, this involves a series of inspections, demonstrations, or performance trials conducted under specified conditions to ensure all operational requirements are satisfied. By establishing clear benchmarks and testing protocols, this clause helps prevent disputes over project readiness and ensures that the delivered product or service is fit for its intended use.
Operational Completion Tests after satisfaction of the foregoing physical completion test the Company shall have demonstrated its production capabilities by producing 195,000 troy ▇▇▇ces of gold over a period of six consecutive months;
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Operational Completion Tests following commencement of its timber logging operations and the giving of notice to OPIC by the Company of the date of commencement of a time period (the "Test Period"), the Company shall have achieved one of the following tests: (A) during a Test Period of 90 consecutive days, the Company shall have produced a minimum of 25,000 cubic meters of timber, shipped and invoiced the timber to clients and deposited the proceeds therefrom in the Timber Proceeds Account; or (B) in the event that the Company has failed to meet the test set forth in (A) above, after electing to continue the Test Period for an additional 90 consecutive days, the Company shall have produced, during a period of 180 consecutive days (including the initial 90 day period), a minimum of 55,000 cubic meters of timber from its operations, shipped and invoiced the timber to clients and deposited the proceeds therefrom in the Timber Proceeds Account.
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Operational Completion Tests 
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Related to Operational Completion Tests

  • Project Completion Report At the completion of construction and once a Project is placed in service, the Subrecipient must submit a Project Completion Report that includes the total number of units built and leased, affordable units built and leased, DR-MHP units built and leased, an accomplishment narrative, and the tenants names, demographics and income for each DR-MHP unit.

  • Project Completion Date It is agreed between the Parties that the Project Completion Date is <END DATE, YEAR>. If the Project is not completed by such date then, subject to an amendment agreed to between the Parties, Alberta Innovates may elect to terminate this Investment Agreement. In such event, Alberta Innovates will notify the Applicant of its decision to terminate as soon as reasonably practical and shall advise the Applicant of the effective date of termination. Alberta Innovates will have no liability or obligation to reimburse the Applicant for any Project Costs incurred after the effective date of termination and may require the Applicant to return any portions of the Investment which were spent on Ineligible Expenses. Additionally, any portion of the Investment not used and accounted for in accordance with this Agreement as of the Project Completion Date or earlier termination is repayable by the Applicant to AI at AI’s request.

  • Final Completion The full and final completion of all Work in accordance with the Contract Documents.

  • 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:

  • Substantial Completion 9.8.1 When the Contractor considers that the Work, or a designated portion thereof which has been accepted in writing to by the State, is substantially complete as defined in Subparagraph