After Final Acceptance Sample Clauses
The "After Final Acceptance" clause defines the rights and obligations of the parties once the final acceptance of work or goods has occurred under a contract. Typically, this clause outlines what responsibilities, warranties, or liabilities continue or expire after the buyer or client has formally accepted the completed work. For example, it may specify that the contractor remains liable for latent defects discovered after acceptance, or that certain maintenance obligations persist for a defined period. The core function of this clause is to clarify the ongoing relationship and risk allocation between the parties after the project or delivery is officially completed, thereby preventing disputes over post-acceptance issues.
After Final Acceptance as a condition to release of the Performance and Payment Bonds, and subject to the requirements herein, DB Contractor shall provide a warranty bond naming TxDOT and the Authority, as their interests may appear, as obligees which shall guarantee performance of the Work required to be performed during the Warranty Term for all Warranties and which shall also constitute a payment bond guaranteeing payment to Persons performing such Work (“Warranty Bond”). The Warranty Bond shall be in an amount equal to 20% of the Price and shall be in the form attached hereto as Exhibit 12-A and shall include a dual obligee rider whereby the Authority is named as an additional obligee in the form attached hereto as Exhibit 12-B. The Warranty Bond shall be released upon expiration of the Warranty Term and issuance by TxDOT of a Certificate of Final Warranty Acceptance.
After Final Acceptance as a condition to release of the Performance and Payment Bonds, and subject to the requirements herein, DB Contractor shall provide a warranty bond which shall guarantee performance of the Work required to be performed during the Warranty Term for all Warranties for each Location and which shall also constitute a payment bond guaranteeing payment to Persons performing such Work (“Warranty Bond”). The Warranty Bond shall be in an amount equal to 10% of the Price and shall be in the form attached hereto as Exhibit
After Final Acceptance as a condition to release of the Performance and Payment Bonds, and subject to the requirements herein, DB Contractor shall provide a warranty bond naming TxDOT and the Authority, as their interests may appear, as obligees which shall guarantee performance of the Work required to be performed during the Warranty Term for all Warranties and which shall also constitute a payment bond guaranteeing payment to Persons performing such Work (“Warranty Bond”). The Warranty Bond shall be in an amount equal to 20% of the Price and shall be in the form attached hereto as Exhibit 12. The Warranty Bond shall be released upon expiration of the Warranty Term and issuance by TxDOT of a Certificate of Final Warranty Acceptance.
After Final Acceptance and subject to the requirements herein, Developer may obtain a release of the Performance and Payment Bonds by providing a warranty bond which shall guarantee performance of the Development Work required to be performed during the Warranty period and which shall also constitute a payment bond
After Final Acceptance of the Project and subject to the requirements herein, including Section 3.4.3, DB Contractor may obtain a reduction of the Performance Bond by providing a warranty bond which shall guarantee performance of the Work required to be performed during the Warranty Term, as subject to extension under Section 3.8.2, and which shall also constitute a payment bond guaranteeing payment to Persons performing such Work (the “Warranty Bond”). The Warranty Bond shall be in an amount of the “Bonded Sum” equal to 20% of the Price and shall be in the form attached as Exhibit 4, Appendix 1 to the Design-Build Agreement. Upon Final Acceptance of the Project, DB Contractor may obtain a release of the Performance and Payment Bonds, subject to the requirements of Section 3.4.3 and Section 3.4.4 and provided that TxDOT has received the Warranty Bond in accordance with this Section 3.4.7. The Warranty Bond shall be released upon expiration of the Warranty Term, as subject to extension under Section 3.8.2, and
(a) receipt of (i) evidence satisfactory to TxDOT that all Persons eligible to file a claim against the Warranty Bond have been fully paid and (ii) unconditional releases of Liens and stop notices from all Subcontractors who filed preliminary notice of a claim against the Warranty Bond and (b) expiration of the statutory period for Subcontractors to file a claim against the Warranty Bond if no claims have been filed.
After Final Acceptance as a condition to release of the Performance and Payment Bonds, and subject to the requirements herein, DB Contractor shall provide a warranty
After Final Acceptance as a condition to release of the Performance and Payment Bonds, and subject to the requirements herein, DB Contractor shall provide a warranty bond which shall guarantee performance of the Work required to be performed during the Warranty Term for all Warranties for each Segment and which shall also constitute a payment bond guaranteeing payment to Persons performing such Work (“Warranty Bond”). The Warranty Bond shall be in an amount equal to 20% of the Price and shall be in the form attached hereto as Exhibit 12. The Warranty Bond shall be released upon expiration of the Warranty Term and issuance by TxDOT of a Certificate of Final Warranty Acceptance.
After Final Acceptance the City shall have the right to determine when and if repairs and restorations to the Artwork will be made. During ▇▇▇▇▇▇ ▇▇▇▇▇’▇ lifetime, to the extent practical, the City shall give Artist (i.e., ▇▇▇▇▇ and Pulitzer Studios, Inc.) notice of any intended repairs or restorations and the opportunity to make or approve all repairs and restorations; provided, however, that Artist shall not unreasonably withhold approval for any repair or restoration of the Artwork. If, within ninety (90) days, Artist does not respond to the City’s reasonable attempts to give Artist the opportunity to make or approve any repair or restoration, or if Artist unreasonably fails to approve any repair or restoration, the City shall have the right to make such repair or restoration. To the extent practical, Artist shall be given the opportunity to make or personally supervise significant (as determined by the City) repairs or restoration and shall be paid a reasonable fee for any such services, provided that the City and Artist agree in writing, prior to commencement of any significant repairs or restoration, upon Artist’s fee for such services. If no agreement is reached as to Artist’s fee for such repairs or restoration, then the City may make repairs, restoration or other arrangements the City deems appropriate for the Artwork.