Common use of Final Acceptance Certificate Clause in Contracts

Final Acceptance Certificate. The Principal, with the prior written consent of the Technical Adviser and of the Financing Entity, shall issue the Final Acceptance Certificate as per Annex 16 upon the satisfaction of the following conditions, · the System has passed successfully the First and Second Reassessment Test and/or any related Performance Liquidated Damages have been paid by the Contractor. · the IAC has been issued; · agreement with the GSE and the Incentive are in force with reference to the collection of the electrical energy produced by the System; · all the obligations related to the regulation of access to the grids have been fulfilled; · the O&M guarantee foreseen under the O&M Agreement is in place.

Appears in 4 contracts

Samples: Engineering Procurement & Construction Contract (Ellomay Capital Ltd.), Engineering Procurement & Construction Contract (Ellomay Capital Ltd.), Engineering Procurement & Construction Contract (Ellomay Capital Ltd.)

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