Inspection and Punch List. Landlord shall notify Tenant in writing approximately [10] days before the estimated date of Substantial Completion. Within [5] business days of the anticipated date of Substantial Completion, Landlord and Tenant shall jointly inspect the Improvements and agree upon a punch list of items in accordance with the Final Plans needing completion or correction. As soon as Substantial Completion has been achieved, Landlord shall notify Tenant in writing of the date certified by the Architect of Record as the date of Substantial Completion. Landlord shall use all reasonable diligent efforts to complete all punch list items within [30] days after agreement upon the punch list, subject, however, to long lead time items which must be ordered and to seasonal requirements for any landscaping and exterior work.
Inspection and Punch List. As soon as Substantial Completion has been achieved, Landlord shall notify Tenant in writing of the date certified by the Architect of Record as the date of Substantial Completion. Within 15 business days following the date of Substantial Completion, Landlord and Tenant shall jointly inspect the Landlord Improvements and agree upon a punch list of items in accordance with the Final Plans needing completion or correction. Landlord shall use all reasonable diligent efforts to complete all punch list items within 45 days after agreement upon the punch list, subject, however, to long lead time items which must be ordered and to seasonal requirements for any landscaping and exterior work.
Inspection and Punch List. Landlord shall notify Tenant in writing approximately 10 days before the estimated date of Substantial Completion. Within 5 business days of the anticipated date of Substantial Completion, Landlord and Tenant shall jointly inspect the Improvements and agree upon a punch list of items that are not yet complete and have not yet been paid out of the Allowance, Additional Allowance or by Tenant in accordance with the Final Plans needing completion or correction. As soon as Substantial Completion has been achieved, Landlord shall notify Tenant in writing of the date certified by the Architect of Record as the date of Substantial Completion. Landlord shall use all reasonable diligent efforts to complete all punch list items within 60 days after agreement upon the punch list, subject, however, to long lead time items which must be ordered and to seasonal requirements for any landscaping and exterior work. In the event that Landlord fails to commence and diligently pursue completion of all such punch list items within said 60 day period (subject to long lead time items) Tenant shall have the right to complete such items itself by providing Landlord with fifteen (15) days prior written notice. Tenant shall be entitled to be reimbursed from the Allowance and Additional Allowance, if any, for the actual reasonable costs incurred. If no monies remain, Tenant shall be responsible for the cost of that work except to the extent covered by Landlord’s warranty set forth in paragraph (6).
Inspection and Punch List. Contractor may inspect and test the Work, wherever located, during manufacture, preparation, construction, delivery, and completion. Multiple inspections shall not be grounds for objection by Subcontractor. No previous inspections by Contractor shall relieve Subcontractor of any liability under this Subcontract. If defects or nonconformities for which Subcontractor is responsible under the terms of this Subcontract are revealed by subsequent inspection, analysis, operations, use, or otherwise, Contractor may reject or revoke its acceptance of the Work, in whole or in part, at any time after such defects or nonconformities are discovered, require Subcontractor to cure or replace the defective or non-conforming Work, or pursue any other of its rights or remedies under this Subcontract. Contractor and Subcontractor shall agree on a line item in Subcontractor’s schedule of values to cover punch list completion, including but not limited to incomplete and defective Work. Upon substantial completion of the Work, Contractor shall create its own punch list to be followed by the Architect’s punch list of Work items to be completed by Subcontractor. Subcontractor shall have three (3) days from receipt of Contractor’s and Architect’s punch lists to commence completion of the punch list Work items. If in Contractor’s or Architect’s opinion the punch list Work is not being completed properly and in a timely manner as required by the Contract Documents, then with one (1) days’ notice to Subcontractor, Contractor shall complete punch list items and deduct from the punch list line item and retainage, if necessary, any costs it incurred to complete the Work.
Inspection and Punch List. Align or an authorized representative shall be entitled to a Building Commissioning of the Building 1 upon receipt of Substantial Completion Notice, understood as the process of verifying on site applicable subsystems’ ability to meet Align’s physical and functional requirements pursuant to this PSA and its Exhibits. The Building Commissioning shall be scheduled at a mutually convenient time to BBC and Align, provided, however, that the inspection shall take place at the latest during the 30 calendar days following receipt by Align of the Substantial Completion Notice (the “Inspection Period”). During this process, the Parties shall prepare a written itemized list to be signed by the Parties identifying conditions which the Parties agree are to be completed by BBC within a reasonable period of time (the “Punch List”). If the items included in the Punch List have not been addressed by BBC prior to the Closing, BBC and Align will agree on an amount to be kept in the escrow account of the Escrow Agent (the “Holdback Deposit") to be disbursed to BBC upon completion of the Punch List within the agreed term or to Align in the event BBC fails to complete the Punch List on the agreed term due to reasons attributable to BBC. In the event of partial completion, such amount shall be disbursed proportionally. If the Punch List is not completed due to just cause or reasons indicated in section fifth of this PSA, the agreed term shall be 12 of 12 extended. Notwithstanding the above, the Holdback Deposit shall be proportional to the pending Punch List items and at no time shall exceed 5% of the Purchase Price. Align’s failure for any reason to inspect Building 1 as expressly provided above, or during the Inspection Period, shall be deemed as a waiver of such inspection right by Align and acceptance of the condition of Building 1, and shall trigger the obligation of Align to deliver to the Escrow Agent the second (in the event that the Substantial Completion is still under challenge in accordance with section third of this PSA) and/or final payment of the Purchase Price.
Inspection and Punch List. As soon as the Tenant Improvements are Substantially Completed, the Prime Contractor, Landlord, and Tenant shall conduct an inspection of the Tenant Improvements so completed. After such inspection has been completed, each party shall sign a “punch list” comprised of items which the parties agree are to be corrected by Landlord. Landlord shall complete and/or repair such “punch list” items, and shall use reasonable efforts to do so within thirty (30) days after executing the punch list Notwithstanding anything contained herein, Tenant’s obligation to pay the Base Monthly Rent and the Additional Rent shall commence as provided in the Lease, regardless of whether or when the parties complete such inspection or execute such punch list.
