Common use of Owner Acceptance Clause in Contracts

Owner Acceptance. On the Day on which Contractor believes that Substantial Completion has been achieved, Contractor shall submit to Owner and Engineer a Substantial Completion Certificate along with all documentation reasonably necessary for Owner and Engineer to determine if Substantial Completion has indeed been achieved. Owner shall review such certificate and documentation with Contractor and the Engineer. Within ten (10) Business Days of Contractor’s delivery to Owner of the Substantial Completion Certificate, Owner shall either (i) countersign and deliver to Contractor the fully executed Substantial Completion Certificate to indicate its agreement that Substantial Completion has been achieved, or (ii) if reasonable cause exists for doing so, notify Contractor of its belief that Substantial Completion has not been achieved, including Owner’s or Engineer’s reasons for believing the same and advising of the actions it believes are required to achieve Substantial Completion. The procedures described in this Section 2.2.5 shall be repeated as necessary until Substantial Completion is achieved. The date when Substantial Completion is achieved (the “Substantial Completion Date”) shall be the date on which Owner and Engineer approve and deliver a countersigned Substantial Completion Certificate to Contractor. Final Completion.

Appears in 3 contracts

Sources: Engineering, Procurement and Construction Agreement (SolarMax Technology, Inc.), Engineering, Procurement and Construction Agreement (SolarMax Technology, Inc.), Engineering, Procurement and Construction Agreement (SolarMax Technology, Inc.)

Owner Acceptance. On the Day on which Contractor believes that Substantial Completion has been achieved, Contractor shall submit to Owner and Engineer a Substantial Completion Certificate along with all documentation reasonably necessary for Owner and Engineer to determine if Substantial Completion has indeed been achieved. Owner shall review such certificate and documentation with Contractor and the Engineer. Within ten (10) Business Days of Contractor’s delivery to Owner of the Substantial Completion Certificate, Owner shall either (i) countersign and deliver to Contractor the fully executed Substantial Completion Certificate to indicate its agreement that Substantial Completion has been achieved, or (ii) if reasonable cause exists for doing so, notify Contractor of its belief that Substantial Completion has not been achieved, including Owner’s or Engineer’s reasons for believing the same and advising of the actions it believes are required to achieve Substantial Completion. The procedures described in this Section 2.2.5 shall be repeated as necessary until Substantial Completion is achieved. The date when Substantial Completion is achieved (the “Substantial Completion Date”) shall be the date on which Owner and Engineer approve and deliver a countersigned Substantial Completion Certificate to Contractor. Final Completion.

Appears in 1 contract

Sources: Engineering, Procurement and Construction Agreement (SolarMax Technology, Inc.)