Acceptances and Termination Clause Samples

Acceptances and Termination. The City agrees to issue a Certificate of Completion and Acceptance for the New Improvements after: A. the City receives, reviews, and accepts the Acceptance Notification submitted by the District upon completion of the New Improvements. B. the City receives satisfactory evidence that the general contractor and all subcontractors and materials suppliers have been paid in full for all work and materials performed on or furnished to the New Improvements. C. A general contractor's release and waiver of claims is executed by the general contractor and submitted to the City. D. A written assignment of District's right under the Contractor’s performance and warranty bond and any labor and material payment bonds obtained by District is provided to the City. The District hereby appoints and designates the District's contractor as identified in accompanying NTP as District's agent for purpose of completing the final walk-through inspection and executing the Certificate of Completion on the District's behalf. Title to and custody of the New Improvements, subject to District's warranties and representations as made in this Agreement, shall pass to the City upon issuance of the Certificate of Completion and Acceptance. Thereafter, the District's obligations to the City pursuant to this Agreement shall be deemed fully performed, with the exception of the performance/warranty bond, which the District must provide to assure the materials and workmanship.