Completion of the Project. The Participating County acknowledges it is obligated to undertake and complete the design and construction of the Project in compliance with all of the applicable terms and conditions of the Project Documents and the Participating County agrees to use its best efforts to cause the completion of design and construction of the Project in compliance with the applicable terms and conditions of such documents. The Participating County agrees to complete the Project in accordance with this Agreement and consistent with the scope, cost and schedule established by the Board and attached hereto in Exhibit A, as such scope, cost and schedule may be modified with the approval of Finance and the recognition of the Board.
Completion of the Project. The Contracting Party shall complete the construction, equipping and furnishing of the Improvements in accordance with the Plans and submit to the Board a Certificate of Completion on or before November 1, 2016.
Completion of the Project. (a) Upon the receipt by the Trustee of a certificate of an Authorized Officer of the Company to the effect that the Project has been completed, any balance remaining in the Construction Fund (other than amounts retained by the Trustee to pay costs not then due and payable or for which the liability for payment is in dispute) shall be (i) applied to the redemption of Bonds at the earliest date permitted by this Agreement or (ii) applied to such other purposes as shall, in the opinion of Bond Counsel, not be inconsistent with the provisions of the Act as it shall then be in effect and not cause the interest on any of the Bonds to become subject to federal income taxes then in effect, which opinion shall be in writing and filed by the Company with the Authority and the Trustee prior to the application of any such amount. From time to time as the proper disposition of the amounts retained in the Construction Fund shall be determined, to the extent that such amounts are not to be paid out by the Trustee pursuant to Section 404 hereof, upon notification by the Company, the Trustee shall deposit such amounts in the Debt Service Fund to be applied as aforesaid. Until such time as the proceeds remaining in the Construction Fund are applied as set forth above, such proceeds shall not be invested at a yield which exceeds the yield on the Bonds, except to the extent approved in an opinion of Bond Counsel.
(b) In the event that the Company exercises an option under this Agreement to effect the redemption of all the Bonds then outstanding, the Trustee shall, upon the written direction of the Company, deposit in the Debt Service Fund, on the date the prepayment is made, any balance remaining in the Construction Fund.
(c) If the principal of all outstanding Bonds shall have become due and payable in accordance with Section 901 of this Agreement, the Trustee shall forthwith deposit in the Debt Service Fund any balance remaining in the Construction Fund.
(d) If any acceleration shall be rescinded in accordance with Section 902 hereof, the Trustee shall transfer from the Debt Service Fund to the Construction Fund an amount, not to exceed the balance then to the credit of the Debt Service Fund, equal to the amount previously transferred pursuant to clause (c) of this Section 406 from the Construction Fund to the Debt Service Fund.
Completion of the Project the date when OMPA issues the Certificate of Contract Completion stating that the Project has been completed and is ready for acceptance under the terms and conditions contained therein.
Completion of the Project. (a) The completion of the Project shall be evidenced to the Trustee by a certificate signed by the Project Supervisor on behalf of the User stating that (1) construction of the Improvements has been completed in accordance with the plans and specifications approved by the User, (2) the Equipment has been acquired and installed in accordance with the User's instructions, (3) all Project Costs have been paid, and (4) all facilities and improvements necessary in connection with the Project have been acquired and installed and all costs and expenses incurred in connection therewith have been paid. Notwithstanding the foregoing, such certificate shall state that it is given without prejudice to any rights against any vendor, contractor, subcontractor or other person not a party to this Lease Agreement which exist at the date of such certificate or which may subsequently come into being. The Issuer and the User will cooperate in causing such certificate to be furnished to the Trustee.
(b) After the delivery of the aforesaid certificate to the Trustee, any moneys then remaining in the Construction Fund shall be transferred to the Bond Fund and applied as provided therein.
Completion of the Project. (a) The Municipality, as a member of the Commission, agrees that it shall undertake and complete the Project for the purposes and in the manner set forth in this FAA and in accordance with all federal, state, and local laws, ordinances, and regulations applicable thereto. The Municipality and the Commission shall, with all practical dispatch and in a sound and economical manner, complete or cause to be completed the acquisition and construction of the Project, and do all other acts necessary and possible to entitle them to receive User Fees with respect to the Project at the earliest practicable time. The Municipality or the Commission shall obtain all necessary approvals from any and all governmental agencies prior to construction which are requisite to the Final Completion of the Project.
(b) The Municipality or the Commission shall notify DNR of the Substantial Completion of the Project, and shall cause to be prepared as-built plans for the Project at or prior to completion thereof.
(c) The Municipality or the Commission shall take and institute such proceedings as shall be necessary to cause and require all contractors and material suppliers to complete their contracts diligently and in accordance with the terms of the contracts including, without limitation, the correcting of defective work.
(d) Upon Final Completion of the Project in accordance with the Plans and Specifications, the Municipality or the Commission shall:
(1) certify to DNR its acceptance of the Project from its contractors, subject to claims against contractors and third parties;
(2) complete and deliver to DNR the completed Contract Utilization of Disadvantaged Business Enterprises (DBE) form attached hereto as Exhibit E of this FAA;
(3) prepare and deliver to DNR the completed Federal Requirements Compliance Certification attached hereto as Exhibit G of this FAA;
(4) obtain all required permits and authorizations from appropriate authorities for operation and use of the Project; and
(5) submit to DNR an Operation and Maintenance Manual Certification Checklist.
Completion of the Project. Upon completion of the Development Period, the Parties shall act as follows:
a) The Company shall pay the Chief Scientist royalties derived from the consideration received from sales of the product and/or know-how developed by the Company, until the full repayment of the real value of the sum paid by the Chief Scientist in respect of the Project, such royalties to be paid in terms of the Chief Scientist's instructions. The Parties declare that they know that as at the date hereof the Chief Scientist's regulations in respect of royalties, provide for the Company to pay the Chief Scientist and/or the Foundation for transfer to the Chief Scientist, royalties at the rate of 3% of the total annual sales of the Company in respect of the Project during the first three years; 4% for the following three years and 5% for the seventh year until the full repayment of all monies received from the Chief Scientist according to their real value - such monies to be repaid shall be linked to the U.S. dollar in this respect. The above directives may be changed from time to time by the Chief Scientist. In regard to the above, sales shall be deemed to be and shall include all income derived from products of the Project and/or that have been developed, or relating to their sale and/or the sale of any rights thereto, including the obligation to provide services, all the above subject to the Chief Scientist's directives.
b) Without detracting from its obligations as set out in clause (a) above, the Company and/or its shareholders, according to the circumstances, shall pay the Chief Scientist or the Foundation for transfer, to the Chief Scientist, 25% of the value received for the sale of shares to a non-shareholder, and which value has not been invested in the Company within three months of such sale. Such repayment shall be limited to the aforesaid true value of the amount financed by the Chief Scientist.
c) The Company, with the Initiator's assistance, shall file a bi-annual report with the Foundation approved by a Certified Accountant in relation to the sales of the Company as set out above, until such time as all the royalties have been paid in terms of clause (a) above.
d) All the books of account and documents relating to the Project of the Company and/or Project shall be open to the inspection of the Foundation until the final payment as set out in clause (a) above.
e) Upon completion of the final payment aforesaid, the liens shall be cancelled.
f) The Company and its empl...
Completion of the Project. Upon the completion of the construction of the Project in accordance with the Project Plans and the terms and provisions of this Agreement, Lessee shall provide Lessor with (A) true, correct and complete copies of (i) a final unconditional Certificate of Occupancy (or its equivalent) issued by the appropriate governmental authorities, permitting the occupancy and use of the Project for its Primary Intended Use and (ii) all Permits issued by the appropriate Governmental Authorities which are necessary in order to operate the Project as a fully-licensed assisted living facility, (B) a certification from the Architect or the Consultants stating that the Project was completed in accordance with the Project Plans, (C) an updated Survey of the Leased Property, acceptable to Lessor (in its sole and absolute discretion), (D) updated Opinions and (E) such other items relating to the operation and/or construction of the Project as may be reasonably requested by Lessor.
Completion of the Project. Developer shall complete the Project, including the CID Improvements, in conformance with the Development Plan, zoning ordinances, related stipulations, City building codes, and all other applicable rules and regulations. Before commencement of construction or development of any and all buildings, structures or other work or improvement, Developer shall obtain any and all permits, which may be required by the City and any other governmental agency having jurisdiction as to such construction, development or work. With respect to any reference in this Agreement to Developer’s obligation to complete the Project, any such obligation refers to completion of the scope of work set forth in Section 2.01, and does not refer to the expenditure of any particular amount of funds for a specific line item or for all line items set forth thereon.
Completion of the Project the Recipient shall complete the Project by such time as specified in Clause 2.2.
