Interim Acceptance definition
Examples of Interim Acceptance in a sentence
This insurance shall also include Maintenance Coverage for two (2) years following the first to occur of Provisional Acceptance, Interim Acceptance and Final Acceptance of the Facility.
Deliverables given Interim Acceptance status shall not preclude the PMO from later identifying deficiencies and declining to provide Operational Acceptance.
Upon the earliest to occur of Provisional Acceptance, Interim Acceptance and Final Acceptance of the Facility, Owner shall take possession and control of the Facility and shall thereafter be solely responsible for the operation and maintenance thereof, except as otherwise set forth herein.
Unless Interim Acceptance or Final Acceptance of the Facility shall have previously occurred, such procedure shall be repeated as necessary until Provisional Acceptance of the Facility has been achieved; provided, however, that Owner shall respond to Contractor no later than three (3) days (or such shorter period as may be practicable with the Owner's use of all reasonable efforts) following receipt of any re-submitted Notice of Provisional Acceptance.
When Contractor believes that it has achieved Interim Acceptance of the Facility, it shall deliver to Owner a notice thereof (the "Notice of Interim Acceptance").
Owner and Contractor hereby acknowledge and agree that the terms, conditions and amounts fixed pursuant to Section 7.2 for Provisional Acceptance Late Completion Payments are reasonable, considering the reduction in value of the Project and the increased costs that it is anticipated Owner will incur in the event of Contractor's failure to achieve at least one of Provisional Acceptance, Interim Acceptance or Final Acceptance of the Facility by the Guaranteed Provisional Acceptance Date.
Contractor shall pay the rebates required under Section 7.2 hereof monthly in arrears on the tenth day of each month, with the last such payment to occur within ten days of the determination that the first to occur of Provisional Acceptance, Interim Acceptance or Final Acceptance of the Facility has been achieved.
Contractor guarantees that (i) the Facility will be capable of achieving all the applicable performance specifications referred to in this Section 8.1 during a Completed Performance Test at the earlier to occur of Provisional Acceptance or Interim Acceptance of the Facility, and (ii) the Facility will be capable of achieving all the applicable performance specifications referred to in this Section 8.1 during a Completed Performance Test at Final Acceptance of the Facility (the "Performance Guarantees").
This procedure shall be repeated until (a) Provisional Acceptance, Interim Acceptance or Final Acceptance of the Facility is achieved or (b) a Plan relating to the Facility is approved by Owner and the Independent Engineer.
The Contractor shall attain Interim Acceptance of the Work by the _______ day________________ in the year ________.