Completion of Construction and Construction Defect Warranty upon Exercise of Option Sample Clauses

Completion of Construction and Construction Defect Warranty upon Exercise of Option. Seller shall advise Buyer in writing, when construction or installation work at the Premises is completed. Buyer shall then have thirty (30) days to inspect Seller’s work and give Seller written notice of any deficiencies affecting the structural integrity or maintenance of the Premises. Seller shall correct any construction and installation deficiencies reported by Buyer within sixty (60) days of Seller’s receipt of such written notice. Within thirty (30) days of completion of construction, Seller shall submit to Buyer a book of approved “as-built” drawings and specifications. Such “as-built” submittal shall consist of ten (10) hard copies and one electronic copy (compact disk format) of the book of “as-built” drawings and specifications. The electronic copy shall be in a compatible software form (e.g., Auto CAD version 2002 or better) approved by Buyer. Notwithstanding this section 8.4, Seller remains responsible for any and all construction defects related to the construction or installation of the Solar Facility until exercise of the Buyer’s Purchase Option. Upon notice of Buyer’s intent to exercise the Purchase Option, Seller will give a one-year warranty against Solar Facility construction defects and such warranty shall begin on the day Buyer notifies Seller of its intent to exercise Purchase Option. This warranty does not include claims arising from normal wear and tear; exposure to unsuitable environmental conditions, including but not limited to damage due to lightning strikes; unauthorized or abnormal use or operation; negligence or accidents; relocation of the Solar Facility from its original location or alteration of the Solar Facility without prior approval of Seller; and acts of God, such as earthquake, flood or fire.
Sample 1
AutoNDA by SimpleDocs

Related to Completion of Construction and Construction Defect Warranty upon Exercise of Option

  • Completion of Construction (a) For the purposes of this Agreement, the terms "

  • Commencement and Completion of Construction The Company shall begin Construction Activities no later than January 1, 2014 (“Commencement Date”) and secure a final Certificate of Compliance by June 30, 2015 (hereinafter, “Completion Date”).

  • Suspension of unsafe Construction Works (i) Upon recommendation of the Authority’s Engineer to this effect, the Authority may by notice require the Contractor to suspend forthwith the whole or any part of the Works if, in the reasonable opinion of the Authority’s Engineer, such work threatens the safety of the Users and pedestrians.

  • ICIF Construction The ICIF shall be designed and constructed in accordance with Good Utility Practice. Within one hundred twenty (120) Calendar Days after the Commercial Operation Date, unless the Parties agree on another mutually acceptable deadline, Interconnection Customer shall deliver to Transmission Provider and Transmission Owner “as-built” drawings, information and documents for the ICIF, such as: a one-line diagram, a site plan showing the Generating Facility and the ICIF, plan and elevation drawings showing the layout of the ICIF, a relay functional diagram, relaying AC and DC schematic wiring diagrams and relay settings for all facilities associated with the Interconnection Customer’s step-up transformers, the facilities connecting the Generating Facility to the step-up transformers and the ICIF, and the impedances (determined by factory tests) for the associated step-up transformers and the Generating Facility. Interconnection Customer shall provide Transmission Provider and Transmission Owner with Interconnection Customer’s specifications for the excitation system, automatic voltage regulator, Generating Facility control and protection settings, transformer tap settings, and communications, if applicable.

  • DAF Construction The DAF shall be designed and constructed in accordance with Good Utility Practice. Within one hundred twenty (120) Calendar Days after the Commercial Operation Date, unless the Developer and Connecting Transmission Owner agree on another mutually acceptable deadline, the Developer shall deliver to the Connecting Transmission Owner and NYISO “as- built” drawings, information and documents for the DAF, such as: a one-line diagram, a site plan showing the Large Generating Facility and the DAF, plan and elevation drawings showing the layout of the DAF, a relay functional diagram, relaying AC and DC schematic wiring diagrams and relay settings for all facilities associated with the Developer’s step-up transformers, the facilities connecting the Large Generating Facility to the step-up transformers and the DAF, and the impedances (determined by factory tests) for the associated step-up transformers and the Large Generating Facility. The Developer shall provide to, and coordinate with, Connecting Transmission Owner and NYISO with respect to proposed specifications for the excitation system, automatic voltage regulator, Large Generating Facility control and protection settings, transformer tap settings, and communications, if applicable.

  • WARRANTY OF CONSTRUCTION A. In addition to any other warranties in this Contract, the Contractor warrants, except as provided in Paragraph D. of this Article, that work performed under this Contract conforms to the Contract requirements and is free of any defect in equipment, material, or design furnished, or workmanship performed by the Contractor or any subcontractor or supplier at any tier.

  • ADDITIONAL CONSTRUCTIONS The Promoter undertakes that it has no right to make additions or to put up additional structure(s) anywhere in the Project after the building plan has been approved by the competent authority(ies) except for as provided in the Act.

  • ADDITIONAL CONSTRUCTION The Promoter undertakes that it has no right to make additions or to put up additional structure(s) anywhere in the Project after the building plan has been approved by the competent authority (ies) except for as provided in the Act.

  • New Construction If this contract is for a Property that is newly constructed and the new construction option is selected, coverage begins on day one (1) of month thirteen

  • Inspection of construction records The Authority shall have the right to inspect the records of the Contractor relating to the Works.

Time is Money Join Law Insider Premium to draft better contracts faster.