Installation Complete definition
Installation Complete is a payment milestone that requires the Solar System to be fully installed on the homeowner's property and pending only receipt of PTO (if applicable) to be fully operational. Contractors must submit evidence of completion of this milestone in a manner satisfactory to the Lender."
Examples of Installation Complete in a sentence
EnFin also retains the right to cancel a loan at EnFin’s sole discretion if the Installation Complete Milestone has not been reached within 90 days of the execution of the Loan Agreement.
Contractor shall have a maximum of 180 days from the Credit Submission Date to reach the Installation Complete Milestone.
In the event that Lender (in its sole determination) finds a pattern of misconduct or misrepresentation from Contractor or its employees or representatives, 80% of the Amount Financed will be paid at Installation Complete and 20% will be paid at PTO.