Common use of Final Payment and Acceptance Clause in Contracts

Final Payment and Acceptance. If OWNER is satisfied that the Work has been completed and DESIGN/BUILDER's other obligations under the Contract Documents have been fulfilled, OWNER will, within ten days after receipt of the final Application for Payment, give written notice to DESIGN/BUILDER that the Work is acceptable. Otherwise, OWNER will return the Application to DESIGN/BUILDER, indicating in writing the reasons for refusing to process final payment, in which case DESIGN/BUILDER shall make the necessary corrections and resubmit the Application. Thirty days after the presentation to OWNER of the acceptable Application and accompanying documentation, in appropriate form and substance and with OWNER's notice of acceptability, the amount will become due and will be paid by OWNER to DESIGN/BUILDER.

Appears in 2 contracts

Samples: Design/Builder Agreement (Western Plains Energy LLC), Design/Builder Agreement (Western Plains Energy LLC)

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Final Payment and Acceptance. If OWNER is satisfied that the Work has been completed and DESIGN/BUILDER's ’s other obligations under the Contract Documents have been fulfilled, OWNER will, within ten (10) days after receipt of the final Application for Payment, give written notice to DESIGN/BUILDER that the Work is acceptable. Otherwise, OWNER will return the Application to DESIGN/BUILDER, indicating in writing the reasons for refusing to process final payment, in which case DESIGN/BUILDER shall make the necessary corrections and resubmit the Application. Thirty (30) days after the presentation to OWNER of the acceptable Application and accompanying documentation, in appropriate form and substance and with OWNER's ’s notice of acceptability, the amount will become due and will be paid by OWNER to DESIGN/BUILDER.

Appears in 2 contracts

Samples: Design/Build Agreement (Husker Ag LLC), Design/Build Agreement (Advanced BioEnergy, LLC)

Final Payment and Acceptance. A. If OWNER is satisfied that the Work has been completed and DESIGN/BUILDER's ’s other obligations under the Contract Documents have been fulfilled, OWNER will, within ten (10) days after receipt of the such final Application for Payment, give written notice to DESIGN/BUILDER that the Work is acceptable. Otherwise, OWNER will return the Application to DESIGN/BUILDER, indicating in writing the reasons for refusing to process final payment, in which case DESIGN/BUILDER shall make the necessary corrections and resubmit the Application. Thirty (30) days after the presentation by DESIGN/BUILDER to OWNER of the an acceptable Application and accompanying documentation, in appropriate form and substance and with OWNER's ’s notice of acceptability, the amount will final payment under section 4.01C. of the Agreement shall become due and will be paid payable by OWNER to DESIGN/BUILDER.

Appears in 1 contract

Samples: Design/Build Agreement (Little Sioux Corn Processors LLC)

Final Payment and Acceptance. If OWNER is satisfied that the Work has been completed and DESIGN/BUILDER's other obligations under the Contract Documents have been fulfilled, OWNER will, within ten (10) days after receipt of the final Application for Payment, give written notice to DESIGN/BUILDER that the Work is acceptable. Otherwise, OWNER will return the Application to DESIGN/BUILDER, indicating in writing the reasons for refusing to process final payment, in which case DESIGN/BUILDER shall make the necessary corrections and resubmit the Application. Thirty (30) days after the presentation to OWNER of the acceptable Application and accompanying documentation, in appropriate form and substance and with OWNER's notice of acceptability, the amount will become due and will be paid by OWNER to DESIGN/BUILDER.

Appears in 1 contract

Samples: Construction Contract (Show Me Ethanol, LLC)

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Final Payment and Acceptance. A. If OWNER is satisfied that the Work has been completed and DESIGN/BUILDER's other obligations under the Contract Documents have been fulfilled, OWNER will, within ten (10) days after receipt of the such final Application for Payment, give written notice to DESIGN/BUILDER that the Work is acceptable. Otherwise, OWNER will return the Application to DESIGN/BUILDER, indicating in writing the reasons for refusing to process final payment, in which case DESIGN/BUILDER shall make the necessary corrections and resubmit the Application. Thirty (30) days after the presentation to OWNER of the acceptable Application and accompanying documentation, in appropriate form and substance and with OWNER's 'S notice of acceptability, the amount will become due and will be paid by OWNER to DESIGN/BUILDER.

Appears in 1 contract

Samples: Design/Build Agreement (Western Plains Energy LLC)

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