ACCEPTANCE OF FACILITY Clause Samples
The Acceptance of Facility clause defines the process by which a borrower formally acknowledges and agrees to the terms and conditions of a financial facility offered by a lender. Typically, this involves the borrower signing and returning a facility agreement or an acceptance letter within a specified timeframe, confirming their intention to utilize the funds or services provided. This clause ensures that both parties are clear on when the facility becomes effective and helps prevent misunderstandings or disputes regarding the borrower's commitment to the facility.
ACCEPTANCE OF FACILITY. The installation of equipment by Licensee shall be conclusive evidence that Licensee accepts the Facility "as is," and that the Facility is suitable for the use intended by Licensee and is in satisfactory condition at the time the equipment was installed.
ACCEPTANCE OF FACILITY. The applicant shall inspect facilities rented pursuant to this agreement. The Renter shall immediately notify the City of ▇▇▇▇ of any discrepancies between such facility, item of equipment and the description of facility or equipment. If the Renter fails to provide such notice in writing within 2 day(s) after signing the agreement of the equipment, the Renter will be conclusively presumed to have accepted the facility or equipment as specified. Any subsequent claim that the equipment was not provided in fully functional order will not be considered.
ACCEPTANCE OF FACILITY. 5.1 By signing this Agreement, Contractor accepts UTMB's Incinerator Facility "As Is" and acknowledges that; a) the Incinerator facility is capable of being in compliance with TNRCC Permit No. MSW-2232, once construction of UTMB project #5144 is complete and materials handling equipment is installed, and b) UTMB has made no representation or warranty of any kind either expressed or implied as to the condition of the incinerator facility except as expressly stated within the contract documents. Executed this 11th day of December ▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇ ▇▇▇ ▇▇▇▇▇▇▇▇▇▇ ▇▇ ▇▇▇▇▇ MEDICAL BRANCH /s/ ▇▇▇▇▇ ▇▇▇▇▇▇▇ /s/ ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇ ------------------------------------ ------------------------------------- By: ▇▇▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇ Title: Vice President of Marketing Vice President of Business Affairs 11 December 1995 December 11, 1995 ------------------------------------ ------------------------------------- Date Date ATTACHMENT A SPECIAL CONDITIONS Dated, October 26, 1995 GENERAL These Special Conditions and the referenced documents herein are intended to outline the services to be performed by the Contractor as required by UTMB for the operation, management and maintenance of UTMB's incinerator facility including the transport, management, and disposal of medical waste by Contractor. It is not the intention to mention herein each and every minor item required. In the performance and delivery of services hereunder, the Contractor represents that it has the necessary knowledge, skill, abilities and resources to provide said services in accordance with the requirements hereof and within best industry standards and practices. Further, the Contractor represents that it is familiar with the scope and nature of work required by UTMB, and understands the conditions under which it will be obligated to operate. No allowance will be made consequently for any error or omissions, including, without limitations, negligence of the Contractor in this regard; however, not to be exercised unreasonably by UTMB.
ACCEPTANCE OF FACILITY. Lessee has inspected the Facility as constructed by Lessor and Lessee hereby approves and accepts the Facility as completed and fully equipped.
ACCEPTANCE OF FACILITY. The Partnership shall not, without the prior written consent of GE Capital, which shall not be unreasonably withheld or delayed, accept the Facility as "substantially complete" under the Construction Contract or issue to the Contractor the "Completion Certificate" (as defined in the Construction Contract) for the Facility. The Partnership will promptly forward to GE Capital any notice it receives from the Contractor pursuant to the Construction Contract requesting that the Facility be accepted as complete or as substantially complete.
ACCEPTANCE OF FACILITY. In the case of the Partnership, without the prior written consent of the Agent, accept Final Performance Acceptance or the Notice of Final Completion (each as defined in the Construction Contract).
ACCEPTANCE OF FACILITY. The renter/user has inspected the facility for which the renter/user will be occupying and agrees that the facility is in satisfactory condition. The renter/user accepts the facility “as is”. The renter/user has the obligation to inspect the facility prior to entering into this agreement and to notify the Borough of any defects, damage or concerns prior to the use.