Acceptance by Owner Clause Samples

The 'Acceptance by Owner' clause defines the process by which the owner formally acknowledges that the work or deliverables provided by the contractor meet the agreed-upon specifications and requirements. Typically, this involves an inspection or review period during which the owner evaluates the completed work and either accepts it or provides a list of deficiencies to be corrected. This clause ensures that both parties have a clear understanding of when the contractor's obligations are fulfilled and helps prevent disputes by establishing a formal mechanism for confirming satisfactory completion.
Acceptance by Owner. At Owner's sole option, Owner may accept defective or nonconforming Work. Owner may do so instead of requiring the removal and correction of such Work, in which case a Change Order will be issued to reflect an appropriate reduction in the Contract Sum, or, if the amount is determined after final payment, any balance owed after the reduction will be paid by Construction Manager to Owner.
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Acceptance by Owner. This Agreement shall not be effective unless it is accepted by Owner as evidenced by the signature of Owner’s representative below. I HAVE READ THIS AGREEMENT AND AGRESS TO BE BOUND BY ITS TERMS AND CONDITIONS: MEMBER’S SIGNATURE: DATE (M/D/Y) / / . ACCEPTED BY OWNER: DATE (M/D/Y) / / . 1. USE EQUIPMENT AT YOUR OWN RISK 2. Youth Policies a. Youth under 16 are required to be accompanied at all times by an adult. b. Children under 12 are not permitted in weight training areas, saunas, or tanning beds, may not use free weights, Stairmasters, treadmills, rowing machines or bicycles, and may not participate in adult exercise classes.
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Acceptance by Owner. Owner's execution of a lease is evidence of Owner's acceptance of the terms and conditions of the transaction, even if its terms are different from those set out in this Section II.
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Acceptance by Owner. The Reserve at Mt. Pleasant SEE BELOW FOR ELECTRONIC SIGNATURE By: SEE BELOW FOR ELECTRONIC SIGNATURE Authorized Agent date
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Acceptance by Owner. Goods and/or services purchased under the Contract are subject to Owner's inspection and approval within a reasonable time, but not less than 60 days after delivery. Owner, at its option, may reject all of any portion of such goods or services which do not conform in every respect with the terms of the Contract, or require Contractor to provide replacement goods or re- perform services in conformity with the terms of the Contract at Contractor's cost. If Owner elects to accept nonconforming goods or services, Owner, in addition to its other remedies, shall by entitled to deduct a reasonable amount from the contract price thereof to compensate Owner for the nonconformity. Any acceptance by Owner shall not be deemed a waiver or settlement of any defect in such goods and/or services.
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Acceptance by Owner. Promptly after the Project Manager issues the certificate for final payment, the matter will be submitted to the Owner for final acceptance of the work. Work on the contract shall be deemed complete when the Owner accepts the work. Not later than fifteen
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Acceptance by Owner. (Authorised Signatory) Date: For and on behalf of Tower Leasing Ltd Declaration for exemption relating to businesses (articles 60C and 60O of the Financial Services and Markets ▇▇▇ ▇▇▇▇ (Regulated Activities) Order 2001) Maintenance Collection Maintenance Collection - Tick here
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Acceptance by Owner. Within three (3) days after receipt of a notice from Contractor pursuant to Section 6.1 above, Owner shall issue written confirmation of completion of the Project or specify in writing to Contractor any obligations under this Contract which are Contractor's responsibility and have not been fulfilled. In such event, Contractor shall promptly fulfill any unfilled obligations of its Services under this Contract which are its responsibility and submit a further notice to Owner pursuant to Section 6.1 above.
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Acceptance by Owner of the Certificate of Final Acceptance shall not constitute acceptance by Owner of defective or otherwise non-conforming Work or in any way operate to release EPC Contractor from any obligation under this EPC Contract (other than the obligation of EPC Contractor to achieve Final Acceptance).
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Related to Acceptance by Owner

  • Acceptance by Issuer The Issuer acknowledges its acceptance pursuant to this Agreement, of all right, title and interest in and to the Receivables and the other Transferred Assets conveyed by the Seller pursuant to this Agreement and declares and shall declare from and after the date hereof that the Issuer holds and shall hold such right, title and interest, upon the terms and conditions set forth in this Agreement.

  • Acceptance by the Transferee The Transferee agrees to comply with all covenants and restrictions applicable to a Holder of the 2012-1 SUBI Certificate and the interest in the 2012-1 SUBI represented thereby, whether set forth in the 2012-1 SUBI Certificate, in the SUBI Trust Agreement or otherwise, and assumes all obligations and liabilities, if any, associated therewith.

  • Acceptance by Recipient This Agreement must be signed by the Chief Executive Officer of the Recipient and returned to, and received by, the OPWC within forty-five (45) days of the date written on the first page of this Agreement. Failure of the Recipient to return a fully executed copy of this Agreement to the OPWC within the forty-five (45) day limit will result in this Agreement being declared null and void. However, upon the Recipient presenting the Director with a written explanation of the need to extend this forty-five (45) day limit, the Director, in his sole discretion, may extend the forty-five (45) day limit.

  • Acceptance by Custodian Subject to the provisions of the following paragraph, pursuant to the Custodial Agreement, the Custodian, on behalf of the Trustee, will declare that it holds and will hold the documents delivered to it pursuant to Section 2.01(a) above and the other documents constituting a part of the Owner Mortgage Loan Files or Retained Mortgage Loan Files (after the occurrence of a Document Transfer Event) delivered to it in trust, upon the trusts herein set forth, for the use and benefit of all present and future Certificateholders. Upon execution of this Agreement, the Custodian will deliver to the Depositor and the Trustee an initial certification in the form of Exhibit N hereto, to the effect that, except as may be specified in a list of exceptions attached thereto, it has received the original Mortgage Notes relating to each Mortgage Loan on the Mortgage Loan Schedule. The Custodian will review each Owner Mortgage Loan File within 45 days after execution of this Agreement. The Custodian will deliver no later than 30 days after completion of such review to the Depositor and the Trustee a final certification in the form of Exhibit O hereto to the effect that, except as may be specified in a list of exceptions attached thereto, all required documents set forth in Section 2.01(a) have been executed and received and appear regular on their face, and that such documents relate to the Mortgage Loans identified in the Mortgage Loan Schedule based on a comparison of the Mortgage Loan identifying number, Mortgagor name and street address, and in so doing the Custodian may rely on the purported due execution and genuineness of any such document and on the purported genuineness of any signature thereon. If there are exceptions attached to the final certification, the Depositor shall have a period of 60 days after the date of receipt of the final certification within which to correct or cure any such defects. The Depositor hereby covenants and agrees that, if any material defect is not so corrected or cured, the Depositor will, not later than 60 days after receipt of the final certification referred to above respecting such defects, either (i) repurchase the related Mortgage Loan or any property acquired in respect thereof from the Trust Estate at a price equal to the Repurchase Price or (ii) if within two years of the Startup Day, or such other period permitted by the REMIC Provisions, substitute for any Mortgage Loan to which such material defect relates, a new mortgage loan (a "Substitute Mortgage Loan") having such characteristics so that the representations and warranties of the Depositor set forth in Section 2.03(b) hereof (other than Section 2.03(b)(i)) would not have been incorrect had such Substitute Mortgage Loan originally been a Mortgage Loan. In no event shall any Substitute Mortgage Loan have an unpaid principal balance, as of the date of substitution, greater than the Scheduled Principal Balance (reduced by the scheduled payment of principal due on the Due Date in the month of substitution) of the Mortgage Loan for which it is substituted. In addition, such Substitute Mortgage Loan shall have a Loan-to-Value Ratio less than or equal to and a Net Mortgage Interest Rate equal to that of the Mortgage Loan for which it is substituted. The Depositor shall determine the Repurchase Price or the eligibility of any Substitute Mortgage Loan and the Trustee shall be protected in relying on such determination. In the case of a repurchased Mortgage Loan or property, the Repurchase Price shall be deposited by the Depositor in the Certificate Account maintained by the Master Servicer pursuant to Section 3.01. In the case of a Substitute Mortgage Loan, the Owner Mortgage Loan File (and Retained Mortgage Loan File, if required pursuant to Section 2.01(b) hereof) relating thereto shall be delivered to the Custodian and the Substitution Principal Amount (if any), together with (i) interest on such Substitution Principal Amount at the applicable Net Mortgage Interest Rate to the following Due Date of such Mortgage Loan which is being substituted for and (ii) an amount equal to the aggregate amount of unreimbursed Periodic Advances in respect of interest previously made by the applicable Servicer, the Master Servicer or the Trustee with respect to such Mortgage Loan, shall be deposited in the Certificate Account. The Monthly Payment on the Substitute Mortgage Loan for the Due Date in the month of substitution shall not be part of the Trust Estate. Upon receipt by the Custodian of a Request for Release signed by an officer of the Depositor, the Custodian shall release to the Depositor the Owner Mortgage Loan File (and Retained Mortgage Loan File, if applicable) of the Mortgage Loan being removed. The Trustee shall execute and deliver such instrument of transfer or assignment (or, in the case of a Mortgage Loan registered in the name of MERS or its designee, the Master Servicer shall enforce the obligation of the applicable Servicer under the related Servicing Agreement to take all necessary action to reflect such assignment on the records of MERS), in each case without recourse, as shall be necessary to vest in the Depositor legal and beneficial ownership of such substituted or repurchased Mortgage Loan or property. It is understood and agreed that the obligation of the Depositor to substitute a new Mortgage Loan for or repurchase any Mortgage Loan or property as to which such a material defect in a constituent document exists shall constitute the sole remedy respecting such defect available to the Certificateholders or the Trustee on behalf of the Certificateholders. The failure of the Custodian to give the final certification or the Trustee to give any notice within the required time periods shall not affect or relieve the Depositor's obligation to repurchase any Mortgage Loan pursuant to this Section 2.02.

  • Acceptance by the Company The Company acknowledges that, by signing this Election or arranging for the scanned signature of an authorised representative to appear on this Election, the Company agrees to be bound by the terms of this Election.