Initial Acceptance Certificate Sample Clauses
The Initial Acceptance Certificate clause establishes the formal process by which a project, product, or service is acknowledged as meeting the agreed-upon specifications at a preliminary stage. Typically, this involves the client or purchaser conducting an inspection or review, after which they issue a certificate confirming that the deliverables satisfy the initial contractual requirements, though some minor issues may remain to be resolved. This clause is essential for marking a key milestone in the project, enabling subsequent payments, further work, or transition to the next phase, and helps ensure both parties have a clear, documented understanding of the project's status at this point.
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Initial Acceptance Certificate. Once all of the Software has completed Integration Testing successfully, the CBOT shall promptly sign and deliver to LIFFE’s Project Manager an Initial Acceptance Certificate, which shall evidence the CBOT’s Acceptance of the Software. Following the delivery of the Initial Acceptance Certificate and subject to the terms thereof, no modifications, other than such configuration changes as are agreed upon by the Parties and may be necessary for purposes of carrying out the Simulations and/or for making the Software and the CBOT Deliverables available for trading in a real time live trading environment, shall be made to the Software or the CBOT Deliverables prior to the Go Live Date, without the written consent of the Parties.
Initial Acceptance Certificate. Unless otherwise specified in Appendix A, once all of the Software Change has completed Integration Testing successfully, the CBOT shall promptly sign and deliver to LIFFE's Project Manager an Initial Acceptance Certificate, which shall evidence the CBOT's Acceptance of the Software Change. Following the delivery of the Initial Acceptance Certificate and subject to the terms thereof, no modifications, other than such configuration changes as are agreed upon by the Parties and may be necessary for purposes of carrying out the Simulations and/or for making the Software Change and the CBOT Software available for trading in a real time live trading environment, shall be made to the Software Change or the CBOT Software prior to the SSOW Go Live Date, without the written consent of the Parties. CONFIDENTIAL INFORMATION REDACTED AND FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION. OMITTED PORTIONS INDICATED BY [**]. Confidential Treatment Requested by CBOT Holdings, Inc.