Completion Mechanics Sample Clauses

Completion Mechanics. 1. The Company’s obligations: on the Closing Date, the Company shall:
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Completion Mechanics. 1. Completion shall take place in CCASS on the basis of delivery-against-payment (DVP) settlement. On the Closing Date the Vendor shall procure that his designated Participant gives an irrevocable delivery instruction to effect a book-entry settlement of the Placing Shares on Completion in accordance with this Agreement and the General Rules and the Operational Procedures to the credit of the stock account of the Participants of the Placing Agent prior to Completion.
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Completion Mechanics. Completion of the transfer of any Shares by the Transferor to the Buyer shall take place at noon (12:00) at the principal place of business of the Secretary (or at such other place and time as the Shareholders shall agree) on whichever is the later of:
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Completion Mechanics. The following actions will be taken on the Completion Date, strictly in the order set out below. Action Impact on Funds 1 Purchaser (and, if applicable, the Purchaser’s bank) transfers the Completion Payment Amount to the Notary Account to have been credited no later than 10.00 CET on the Completion Date Completion Payment Amount1 will be held by the Notary for the account of the Purchaser (and, if applicable, for the Purchaser’s bank) in a segregated, insolvency-proof, notarial third-party bank account, not to be released unless in accordance with the terms of the Notary Letter 2 Notary confirms receipt of Completion Payment Amount to each of the Addressees of the Notary Letter See under 1
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Completion Mechanics. In relation to any transfer contemplated in this clause 12:
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Related to Completion Mechanics

  • Substantial Completion “Substantial Completion” means the stage in the progress of the Work when the Work, or designated portions thereof, may still require minor modifications or adjustments but, in the Owner’s opinion, the Work has progressed to the point such that all parts of the Work under consideration are fully operational and usable for intended purposes, as evidenced by a Certificate of Substantial Completion approved by the Owner. If a Certificate of Occupancy is required by public authorities having jurisdiction over the Work, said certificate shall be issued before the Work or any portion thereof is considered substantially complete. When the Contractor considers that the Work, or a portion thereof which the Owner agrees to accept separately, is substantially complete, the Contractor shall notify Owner’s Designated Representative (sometimes referred to as the “ODR”) and request a determination as to whether the Work or designated portion thereof is substantially complete. If the ODR does not consider the Work substantially complete, the ODR will notify the Contractor giving reasons therefore. Failure on the Owner’s part to list a reason does not alter the responsibility of the Contractor to complete all Work in accordance with the terms of this Agreement. After satisfactorily completing items identified by Owner’s Designated Representative, the Contractor shall then submit another request for the ODR to determine Substantial Completion. If The ODR considers the Work substantially complete, The ODR will prepare and deliver a certificate of Substantial Completion which shall establish the date of Substantial Completion, shall include a punch list of items to be completed or corrected before final completion and final payment, shall establish the time within which the Contractor shall finish the punch list, and shall establish responsibilities of the Owner and the Contractor for security, maintenance, heat, utilities, damage to the Work, warranty and insurance. Failure to include an item on the punch list does not alter the responsibility of the Contractor to complete all Work in accordance with the terms and conditions of this Agreement. The certificate of Substantial Completion shall be signed by the Owner and the Contractor to evidence acceptance of the responsibilities assigned to them in such certificate. Substantial Completion (as defined in this agreement) for all stages of the Work shall be achieved on or before the following Substantial Completion date: DATE FOR SUBSTANTIAL COMPLETION: TBD Under no circumstances will the time for Substantial Completion exceed this date without a written amendment to this Agreement. THE TIMES SET FORTH IN THE CONSTRUCTION DOCUMENTS ARE AN ESSENTIAL ELEMENT OF THE AGREEMENT. TIME LIMITS STATED IN THE CONTRACT DOCUMENTS ARE OF THE ESSENCE OF THIS AGREEMENT.

  • Construction Phase Part 1 –

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