Common use of Acceptance of Facilities Clause in Contracts

Acceptance of Facilities. Upon completion of construction of the Facilities, the Developer shall provide written notice to the Authority that the Facilities are complete and are ready to be conveyed to the Authority. Promptly following receipt of the notice, the Authority shall perform a final inspection of the Facilities. Promptly following the final inspection, the Authority shall provide written notice to the Developer that it accepts the Facilities (“Project Acceptance”) or that it rejects the Facilities because they are not complete or do not comply with the terms of this Agreement. Any notice of rejection shall specify the defects.

Acceptance of Facilities. Upon completion of construction of the Facilities, the Developer shall provide written notice to the Authority that the Facilities are complete and are ready to be conveyed to the Authority. Promptly following receipt of the notice, the Authority shall perform a final inspection of the Facilities. Promptly following the final inspection, the Authority shall provide written notice to the Developer that it accepts the Facilities (“Project Acceptance”) or that it rejects the Facilities because they are not complete or do not comply with the terms of this Agreement. Any notice of rejection shall specify the defects.