Physical Completion Certificate Sample Clauses

Physical Completion Certificate. Receipt by the Intercreditor Agent of a certificate from the Independent Engineer confirming: (i) that the Project Phase 1 Completion Date has occurred; (ii) that Facility Substantial Completion (as such term is defined in the Phase 2 EPC Contract) has occurred pursuant to the Phase 2 EPC Contract (subject to the completion of any punch list items under the Phase 2 EPC Contract); (iii) the applicable performance tests under each of the Phase 2 Material Construction Contracts have been successfully passed in accordance with such Phase 2 Material Construction Contract; (iv) the Lenders’ Reliability Test has been passed in accordance with the test criteria set out in Schedule O – 2 (Lenders’ Reliability Test Criteria) hereto and the “LRT Completion Certificate” contemplated thereby has been delivered to the Intercreditor Agent; (v) the Borrower’s calculation of the Permitted Completion Costs and that the Borrower has reserved an amount sufficient for the Permitted Completion Costs; and (vi) the Phase 2 LNG Facility is Operational.
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Physical Completion Certificate. Receipt by the Intercreditor Agent of a certificate from the Independent Engineer confirming: (i) that Facility Substantial Completion (as such term is defined in the EPC Contract) has occurred pursuant to the EPC Contract (subject to the completion of any punch list items under the EPC Contract); (ii) the applicable performance tests under each of the Material Construction Contracts have been successfully passed in accordance with such Material Construction Contract; (iii) the Lenders’ Reliability Test has been passed in accordance with the test criteria set out in Schedule O (Lenders’ Reliability Test Criteria)hereto and the “LRT Completion Certificate” contemplated thereby has been delivered to the Intercreditor Agent; and (iv) the Borrower’s calculation of the Permitted Completion Costs and that the Borrower has reserved an amount sufficient for the Permitted Completion Costs; and (v) the Project Facilities are Operational.
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Related to Physical Completion Certificate

  • Dimensions Education Bachelor’s or Master’s Degree in Computer Science, Information Systems, or other related field. Or equivalent work experience. A minimum of 5 years of IT work experience with demonstrated knowledge in architecture design, software development, database management systems and systems integration in multi-platform environments.

  • Force Majeure If by reason of Force Majeure, either party hereto shall be rendered unable wholly or in part to carry out its obligations under this Agreement through no fault of its own then such party shall give notice and full particulars of Force Majeure in writing to the other party within a reasonable time after occurrence of the event or cause relied upon. Upon delivering such notice, the obligation of the affected party, so far as it is affected by such Force Majeure as described, shall be suspended during the continuance of the inability then claimed but for no longer period, and such party shall endeavor to remove or overcome such inability with all reasonable dispatch. In the event that Vendor’s obligations are suspended by reason of Force Majeure, all TIPS Sales accepted prior to the Force Majeure event shall be the legal responsibility of Vendor and the terms of the TIPS Sale Supplemental Agreement shall control Vendor’s failure to fulfill for a Force Majeure event.

  • NOW, THEREFORE the parties hereto agree as follows:

  • Insurance The Company and the Subsidiaries are insured by insurers of recognized financial responsibility against such losses and risks and in such amounts as are prudent and customary in the businesses in which the Company and the Subsidiaries are engaged, including, but not limited to, directors and officers insurance coverage. Neither the Company nor any Subsidiary has any reason to believe that it will not be able to renew its existing insurance coverage as and when such coverage expires or to obtain similar coverage from similar insurers as may be necessary to continue its business without a significant increase in cost.

  • Representations and Warranties Borrower represents and warrants as follows:

  • Notices Any notice, request or other document required or permitted to be given or delivered to the Holder by the Company shall be delivered in accordance with the notice provisions of the Purchase Agreement.

  • Miscellaneous The Vendor acknowledges and agrees that continued participation in TIPS is subject to TIPS sole discretion and that any Vendor may be removed from the participation in the Program at any time with or without cause. Nothing in the Agreement or in any other communication between TIPS and the Vendor may be construed as a guarantee that TIPS or TIPS Members will submit any orders at any time. TIPS reserves the right to request additional proposals for items or services already on Agreement at any time.

  • IN WITNESS WHEREOF the parties hereto have executed this Agreement as of the date first above written.

  • Entire Agreement This DPA and the Service Agreement constitute the entire agreement of the Parties relating to the subject matter hereof and supersedes all prior communications, representations, or agreements, oral or written, by the Parties relating thereto. This DPA may be amended and the observance of any provision of this DPA may be waived (either generally or in any particular instance and either retroactively or prospectively) only with the signed written consent of both Parties. Neither failure nor delay on the part of any Party in exercising any right, power, or privilege hereunder shall operate as a waiver of such right, nor shall any single or partial exercise of any such right, power, or privilege preclude any further exercise thereof or the exercise of any other right, power, or privilege.

  • Definitions As used in this Agreement, the following terms shall have the following meanings:

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