Completion Assessment definition

Completion Assessment. The schedule and cost-to-complete assessment, as well as the cancellation cost assessment being prepared by the Borrower and the other Owners as a result of the bankruptcy of the EPC Contractor.
View Source

Examples of Completion Assessment in a sentence

  • The Property Owner acknowledges that the purpose of the Non- Completion Assessment is to provide for redemption of any bonds issued by the District or prepayment of any other financial obligation entered into by or on behalf of the District to finance installation of the Qualifying Improvements on the Property, and to pay any costs incurred by the District in order to release the lien of the Assessment on the Property.

  • Pursuant to Sections 2.2.3(a) (Mechanics for Requesting Advances; Advance Notice), 4.2 (Conditions Precedent to Each Advance) and 10.23 (Interim Agreement Prior to Completion Assessment and Replacement EPC Arrangements), the March 2019 Advance is not permitted under the LGA until certain conditions set forth therein are satisfied or waived in writing.

  • DOE shall have received a copy of an updated Completion Assessment satisfactory to DOE.

  • DOE shall have received a copy of an updated Completion Assessment, satisfactory to DOE and certified by the Borrower as a true, complete and correct copy.

  • The Property Owner further agrees and acknowledges that the Non- Completion Assessment will be levied in full by the District in the first fiscal year in which the District is able to cause the Non-Completion Assessment to be placed on the property tax roll.

  • Upon Project Abandonment, the Property Owner agrees that the District will record an the Addendum, which will set forth the amount of the Abandonment Payment, the total principal amount of the Non-Completion Assessment, the annual payment schedule for the Non-Completion Assessment (the “Annual Non- Completion Assessment Schedule”) and the interest rate calculated as of the date of execution of the Addendum (the “Non-Completion Interest Rate”).

Related to Completion Assessment

  • Phase I assessment as described in, and meeting the criteria of, (i) Chapter 5 of the FNMA Multifamily Guide or any successor provisions covering the same subject matter in the case of a Specially Serviced Mortgage Loan as to which the related Mortgaged Property is multifamily property or (ii) the American Society for Testing and Materials in the case of Specially Serviced Mortgage Loan as to which the related Mortgaged Property is not multifamily property.

  • Project Completion means the date, as determined by the Division after consultation with the Recipient, that operation of the Project is initiated or is capable of being initiated, whichever comes first.

  • Improvement completion assurance means a surety bond, letter of credit,

  • Impact Assessment has the meaning given to it in Clause 22.1.3 (Variation Procedure);

  • Needs assessment means a study or statistical analysis that examines the need for ground ambulance service within a service area or proposed service area that takes into account the current or proposed service area’s medical, fire, and police services.