MINUTES OF TERMINATION OF CONSTRUCTION Sample Clauses

MINUTES OF TERMINATION OF CONSTRUCTION. When the premises of the first stage of the PROJECT are concluded from the construction stand point, evidence thereof shall be made through the issuance and execution of the MINUTES OF TERMINATION OF CONSTRUCTION, which shall be prepared by the DEVELOPER and shall be executed with the knowledge and verification of the SUPERVISION (considering the monthly estimates in the advance of the PROJECT WORKS), that the PROJECT WORKS corresponding to the first stage of the PROJECT comply with the requirements established in the EXECUTIVE PROJECT. CEA shall have 3 (three) BUSINESS DAYS to verify the termination of 100% (one hundred percent) of the construction of the SYSTEM, counted as from the moment in which the DEVELOPER notifies in writing to CEA the termination of the construction works. In the event that upon lapsing of this term, CEA does not make any observations in writing, the DEVELOPER shall be in charge of preparing the MINUTES OF TERMINATION OF CONSTRUCTION, considering such as accepted by CEA without further requirements. The PARTIES agree that the DEVELOPER may issue MINUTES OF PARTIAL TERMINATION OF CONSTRUCTION for certain parts, components or subsystems of the SYSTEM. In such event, irrespective of the issuance of the PARTIAL MINUTES OF TERMINATION OF THE CONSTRUCTION, the DEVELOPER, shall prepare the MINUTES OF TERMINATION OF THE CONSTRUCTION for the entirety of the PROJECT WORKS, pursuant to this Clause. CEA, the DEVELOPER or the SUPERVISION may evidence in the minutes, observations relating to items pending construction whose termination does not affect the commencement of the TESTS or the PRODUCTION CAPACITY, as well as the term for their correction, evidencing upon its expiration, the conclusion of such pending items through minutes of release of pending items. CEA shall not execute the MINUTES OF TERMINATION OF CONSTRUCTION when it reasonably and justifiably evidences that any of the PROJECT WORKS or equipment corresponding to the first stage of the PROJECT have not been made in accordance with the terms of this APP and its Exhibits, or when due to their conditions it is impossible to carry out the corresponding TESTS. The PARTIES acknowledge and agree that the INVESTMENT PERIOD shall be automatically extended without liability to the DEVELOPER, during the time (i) corresponding to the necessary term to obtain the authorization of CEA and the SUPERVISION, in the event that there are no observations of CEA and/or the SUPERVISION to the MINUTES ...
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Related to MINUTES OF TERMINATION OF CONSTRUCTION

  • References and Rules of Construction All references in this Agreement to Exhibits, Appendices, Articles, Sections, subsections and other subdivisions refer to the corresponding Exhibits, Appendices, Articles, Sections, subsections and other subdivisions of or to this Agreement unless expressly provided otherwise. Titles appearing at the beginning of any Articles, Sections, subsections and other subdivisions of this Agreement are for convenience only, do not constitute any part of this Agreement, and shall be disregarded in construing the language hereof. The words “this Agreement”, “herein”, “hereby”, “hereunder” and “hereof”, and words of similar import, refer to this Agreement as a whole and not to any particular Article, Section, subsection or other subdivision unless expressly so limited. The word “including” (in its various forms) means “including without limitation”. All references to “$” or “dollars” shall be deemed references to “United States dollars”. Each accounting term not defined herein will have the meaning given to it under generally accepted accounting principles. Pronouns in masculine, feminine or neuter genders shall be construed to state and include any other gender, and words, terms and titles (including terms defined herein) in the singular form shall be construed to include the plural and vice versa, unless the context otherwise requires. References to any Law means such Law as it may be amended from time to time.

  • Principles of Construction All references to sections and schedules are to sections and schedules in or to this Agreement unless otherwise specified. All uses of the word “including” shall mean “including, without limitation” unless the context shall indicate otherwise. Unless otherwise specified, the words “hereof,” “herein” and “hereunder” and words of similar import when used in this Agreement shall refer to this Agreement as a whole and not to any particular provision of this Agreement. Unless otherwise specified, all meanings attributed to defined terms herein shall be equally applicable to both the singular and plural forms of the terms so defined.

  • Definition of Terms and Construction 2 1.1 Definitions..............................................2

  • Certain Matters of Construction The terms “herein,” “hereof,” “hereunder” and other words of similar import refer to this Agreement as a whole and not to any particular section, paragraph or subdivision. Any pronoun used shall be deemed to cover all genders. In the computation of periods of time from a specified date to a later specified date, “from” means “from and including,” and “to” and “until” each mean “to but excluding.” The terms “including” and “include” shall mean “including, without limitation” and, for purposes of each Loan Document, the parties agree that the rule of ejusdem generis shall not be applicable to limit any provision. Section titles appear as a matter of convenience only and shall not affect the interpretation of any Loan Document. All references to (a) laws or statutes include all related rules, regulations, interpretations, amendments and successor provisions; (b) any document, instrument or agreement include any amendments, waivers and other modifications, extensions or renewals (to the extent permitted by the Loan Documents); (c) any section mean, unless the context otherwise requires, a section of this Agreement; (d) any exhibits or schedules mean, unless the context otherwise requires, exhibits and schedules attached hereto, which are hereby incorporated by reference; (e) any Person include successors and assigns; (f) time of day mean time of day at Agent’s notice address under Section 14.3.1; or (g) discretion of Agent, Issuing Bank or any Lender mean the sole and absolute discretion of such Person. All calculations of Value, fundings of Loans, issuances of Letters of Credit and payments of Obligations shall be in Dollars and, unless the context otherwise requires, all determinations (including calculations of Borrowing Base and financial covenants) made from time to time under the Loan Documents shall be made in light of the circumstances existing at such time. Borrowing Base calculations shall be consistent with historical methods of valuation and calculation, and otherwise satisfactory to Agent (and not necessarily calculated in accordance with GAAP). Borrowers shall have the burden of establishing any alleged negligence, misconduct or lack of good faith by Agent, Issuing Bank or any Lender under any Loan Documents. No provision of any Loan Documents shall be construed against any party by reason of such party having, or being deemed to have, drafted the provision. Whenever the phrase “to the best of Borrowers’ knowledge” or words of similar import are used in any Loan Documents, it means actual knowledge of a Senior Officer, or knowledge that a Senior Officer would have obtained if he or she had engaged in good faith and diligent performance of his or her duties, including reasonably specific inquiries of employees or agents and a good faith attempt to ascertain the matter to which such phrase relates.

  • General Rules of Construction For all purposes of this Agreement: (i) the terms defined in this Agreement include the plural as well as the singular; (ii) all references in this Agreement to designated "Articles," "Sections" and other subdivisions are to the designated Articles, Sections and other subdivisions of the body of this Agreement; (iii) pronouns of either gender or neuter include, as appropriate, the other pronoun forms; (iv) the words "herein," "hereof" and "hereunder" and other words of similar import refer to this Agreement as a whole and not to any particular Article, Section or other subdivision; (v) "or" is not exclusive; (vi) "including" and "includes" will be deemed to be followed by "but not limited to" and "but is not limited to," respectively; (vii) any definition of or reference to any law, agreement, instrument or other document herein will be construed as referring to such law, agreement, instrument or other document as from time to time amended, supplemented or otherwise modified; and (viii) any definition of or reference to any statute will be construed as referring also to any rules and regulations promulgated thereunder.

  • Interpretation and Rules of Construction In this Agreement, except to the extent otherwise provided or that the context otherwise requires:

  • Construction of Terms Nothing herein expressed or implied is intended, or shall be construed, to confer upon or give any person, firm or corporation, other than the parties hereto or their respective successors and assigns, any rights or remedies under or by reason of this Agreement.

  • Definitions and Principles of Construction Section 1.1 Defined Terms 1 Section 1.2 Principles of Constructions 1

  • Definitions and Rules of Construction 1.1 Unless otherwise defined herein, the following capitalized terms shall have the following meanings:

  • No Construction as Employment Agreement Nothing contained in this Agreement shall be construed as giving Indemnitee any right to be retained in the employ of the Company or any of its subsidiaries or affiliated entities.

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