Test Complete has the meaning stated in Section 3.4(c).
Construction Completion Date or “Completion Date” means the date by which the overall Development of the Project is completed in accordance with the provisions of this Agreement and when the Completion Certificate is issued by the Authority as per Article 14.1.
Construction Completion Certificate means a certificate of the I-Bank to the effect that the construction of the Project is complete.
Substantially Complete means that all work described in the specifications or shown on the drawings is done, with only minor items needed to fully complete the work. Typical work that should be done in order to be considered substantially complete include: all equipment installed, piped, electrically connected, and tested with any problems corrected; control systems completed, calibrated and functioning as intended, insulation installed. Equipment should be fully functional and ready for use.
Improvement completion assurance means a surety bond, letter of credit,