Examples of Completion Clearance in a sentence
The Developer shall not start Commercial Operation of the Commercial Development Project or permit usage of the Asset and the Commercial Development Project Utilities until the Developer has received the Completion Clearance or the Provisional Completion Clearance (subject to Article 22) in respect of the Commercial Development Project.
Upon completion of construction of the Commercial Development Project and receipt of all Applicable Permits for commercial operation/usage, the Developer shall apply for a Completion Clearance and Completion Certificate, as the case may be, for the Commercial Development Project, in accordance with Article 22 hereof.
Upon completion of Redevelopment Project and/ or the Station Development Project, and the PMC determining the Tests to be successful, it shall intimate the Nodal Officer accordingly, and if the same is to the satisfaction of the Nodal Officer, the Nodal Officer shall forthwith issue to the Developer and Authority the relevant Completion Clearance substantially in the form set forth in Schedule 12 (Completion Clearance).
In exceptional cases when the Developer is not able to obtain all Applicable Permits from concerned Government Authority in time while the Commercial Development Project is ready for Commercial Operation, the Developer may request the Nodal Officer for issuance of a Provisional Completion Clearance for the Commercial Development Project based on available Applicable Permits obtained by the Developer together with completion ‘as built drawings’ for the Commercial Development Project.
Provided that where the Nodal Officer has issued a Completion Clearance with respect to any part of the Station Development Project before the completion of the whole of the works or with respect to any substantial part of the Station Development Project which has been both completed to the satisfaction of the Nodal Officer and occupied or used by Authority (or its nominee), then the Defects Liability Period of such part shall commence from the date of such certificate.
The Nodal Officer shall, within 30 (thirty) days of such request either issue the Completion Clearance for the Commercial Development Project (which shall be granted with the concurrence of the Authority) or convey the shortcomings to the Developer, which the Developer shall rectify and send fresh request to the Nodal Officer.
Provided that the Developer shall not be issued a Completion Clearance for the Commercial Development Project (or any part thereof), till such time as the Completion Clearance has not been obtained by the Developer in respect of the Station Development Project and the Redevelopment Project.
The Defects Liability Period in respect of the Station Development Project shall commence on and from the date of the issuance of the Completion Clearance in respect of the Station Development Project.
The Developer shall not start Commercial Operation of the Commercial Development Project or permit usage of the Commercial Development Assets and the Commercial Development Project Utilities until the Developer has received the Completion Clearance for the Commercial Development Project.
Estimated cost of the Station Development Project [Rupees___] Estimated cost of the Redevelopment Project [Rupees ___] Cost of construction of Built Up Area in the Commercial Development Project: Rupees [____]/Per sq.68 The estimated project cost of the Commercial Development Project shall be determined on the basis of the multiplication of the aforesaid amount with the cumulative Built Up Area for the Commercial Development Project in respect of which the Completion Clearance has been issued.