Punchlist Amount definition

Punchlist Amount means the cost or estimated cost to complete any Punchlist item as approved or deemed approved by the Parties under Section 13.1.1.
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Punchlist Amount has the meaning specified in Section 3.5(a) of the Participation Agreement.
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Punchlist Amount means any amounts owed to the BOP Contractor and TSA Contractor under the BOP Contract or Turbine Supply Agreement, respectively, with respect to punch-list items after giving effect to payments made to the BOP Contractor or TSA Contractor, as applicable, on the Funding Date.
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Examples of Punchlist Amount in a sentence

  • Such Proposed Punchlist shall include only Non-Critical Deficiencies and shall include a Punchlist Amount for the completion or repair of each such Non-Critical Deficiency.

  • Such request shall include Construction Agent's certification of the Punchlist Amount.

  • In such event, the Participants shall make an Advance in an amount equal to the lesser of (x) the Punchlist Amount and (y) the remaining unfunded portion of the aggregate Commitments applicable to such Facility under Section 2.5(b).

  • If the Punchlist Amount is in excess of $150,000.00, Completion of Construction shall be deemed to have not occurred and Buyer shall not be required to proceed to Closing until the Punchlist Items are completed in accordance with the Building Specifications and Site Plan such that the Punchlist Amount is equal to or less than $150,000.00.

  • On the Closing Date, Borrower shall cause to be funded into the Mall Retainage Escrow Account, the Mall Retainage Punchlist Amount.

  • Each item on the Punch List shall be assigned a reasonable value based upon the reasonable cost of completion or correction of the same or such other value as may be required by Owner's lender ("Punch-list Amount").

  • Such Proposed Punchlist shall include only Non-Critical Deficiencies , and shall include a Punchlist Amount for the completion or repair of such Non-Critical Deficiency.

  • At the time of transfer of title, the balance of the Contract Price not paid via Contractor's requisitions under the construction financing for the Facility shall be paid by the Owner to the Contractor by wire transfer, certified check or other mutually acceptable means less any Punch-list Amount or retainage required by Owner's lender.

  • Such request by Lessee shall include Lessee's certification of the Punchlist Amount.

  • If the Punchlist Amount is equal to or less than $150,000.00, Completion of Construction shall be deemed to have occurred and Buyer and Seller shall proceed to Closing; provided, however, at Closing, Seller shall escrow with the Escrow Agent an amount equal to one hundred fifty percent (150%) of the Punchlist Amount (the “Punchlist Escrow”) and Seller shall complete the Punchlist Items within forty-five (45) days following Closing (the “Punchlist Deadline”).