Physically Completed definition

Physically Completed means the date on which the building and improvements described and set forth in the Final Plans have been completed and the Project shall have been approved for and received a certificate for temporary or permanent occupancy by the local building inspector, and by the State Fire ▇▇▇▇▇▇▇▇ in the event his or her approval is required (the "Certificate of Occupancy"). Physical Completion shall be deemed to have been achieved notwithstanding that any of such officials or agencies have issued a Certificate of Occupancy with conditions or a Punch-List (as hereinafter defined) listing items requiring completion or correction, so long as such conditions or Punch-List items do not prevent or prohibit occupancy as determined by the Owner, in its sole discretion.

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Physically Completed means the date on which the building and improvements described and set forth in the Final Plans have been completed and the Project shall have been approved for and received a certificate for temporary or permanent occupancy by the local building inspector, and by the State Fire ▇▇▇▇▇▇▇▇ in the event his or her approval is required (the "Certificate of Occupancy"). Physical Completion shall be deemed to have been achieved notwithstanding that any of such officials or agencies have issued a Certificate of Occupancy with conditions or a punch-list listing items requiring completion or correction, so long as such conditions or Punch-List items do not prevent or prohibit occupancy as determined by the Owner, in its sole discretion.

Physically Completed means the date on which the building and improvements described and set forth in the Final Plans have been completed and the Facility shall have been approved for temporary or permanent occupancy by the local building inspector, and by the State Fire ▇▇▇▇▇▇▇▇ in the event his approval is required. Physical Completion shall be deemed to have been achieved notwithstanding that any of such officials or agencies have issued a Punch-List listing items requiring completion or correction, so long as such Punch-List does not prevent or prohibit occupancy.

Examples of Physically Completed in a sentence

If, at any time after the Project has been Physically Completed, there shall exist any item or items requiring completion or correction, then the Developer agrees to use all reasonable diligence to complete or correct such item or items so that each conforms to the Final Plans.
If, at any time after the Project has been Physically Completed, there shall exist any item or items requiring completion or correction, then Developer agrees to use all reasonable diligence to complete or correct such item or items so that each conforms to the Final Plans.
If, at the time the Facility has been Physically Completed, there exist any items requiring completion or correction, then the Contractor agrees to use all reasonable diligence to complete or correct the items so that each conforms to the Final Plans.
If, at any time after the Facility has been Physically Completed, there exist any items requiring completion or correction, then the Seller agrees to use all reasonable diligence to complete or correct the items so that each conforms to the Final Plans.
In furtherance but not in limitation of the foregoing, within thirty (30) days after the Facility has been Physically Completed, the Seller and the Purchaser shall inspect the Facility and shall make a Punch-List of items requiring completion or correction.
If, at any time after the Facility has been Physically Completed, there exist any items requiring completion or correction, then the Contractor agrees to use all reasonable diligence to complete or correct the items so that each conforms to the Final Plans.
If, at the time the Facility has been Physically Completed, there exist any items requiring completion or correction, then the Contract agrees to use all reasonable diligence to complete or correct the items so that each conforms to the Final Plans.

More Definitions of Physically Completed

Physically Completed means the date on which (i) the building and improvements described and set forth in the Final Plans have been completed, (ii) the Facility shall have been approved for occupancy by the local building inspector, and by the State or local Fire ▇▇▇▇▇▇▇▇ in the event his approval is required as evidenced by the issuance of a certificate of occupancy which, if a temporary certificate of occupancy shall not affect the actual occupancy of the Facility by patients or the licensing of the Facility by the Department, (iii) the Facility shall have passed the so called physical plant inspection by the Department in a manner which does not prevent the licensing inspection of the Facility; and (iv) the Personal Property has been furnished such that the Facility may be licensed and such that with respect to other than patient rooms, the Facility is fully operational, provided, however that in the event of delays in the furnishing of the Personal Property occasioned by the action or inaction of the Purchaser in ordering any items of Personal Property, this subparagraph (iv) shall not be a condition in determining whether Physical Completion has occurred. Physical Completion shall be deemed to have been achieved notwithstanding that any of such officials or agencies have issued a Punch-List listing items requiring completion or correction, so long as such Punch-List does not prevent or prohibit occupancy.