Physical Completion definition

Physical Completion or "Physically Completed" shall mean the date on which the building and improvements described and set forth in the Final Plans have been completed and the Project shall have been approved for and received a certificate for temporary or permanent occupancy by the local building inspector, and by the State Fire Xxxxxxxx in the event his or her approval is required (the "Certificate of Occupancy"). Physical Completion shall be deemed to have been achieved notwithstanding that any of such officials or agencies have issued a Certificate of Occupancy with conditions or a Punch-List (as hereinafter defined) listing items requiring completion or correction, so long as such conditions or Punch-List items do not prevent or prohibit occupancy as determined by the Owner, in its sole discretion.

Physical Completion or "Physically Completed" shall mean the date on which the building and improvements described and set forth in the Final Plans have been completed and the Project shall have been approved for and received a certificate for temporary or permanent occupancy by the local building inspector, and by the State Fire Xxxxxxxx in the event his or her approval is required (the "Certificate of Occupancy"). Physical Completion shall be deemed to have been achieved notwithstanding that any of such officials or agencies have issued a Certificate of Occupancy with conditions or a punch-list listing items requiring completion or correction, so long as such conditions or Punch-List items do not prevent or prohibit occupancy as determined by the Owner, in its sole discretion.

Physical Completion means completion of all Work in accordance with the Subcontract Documents.

Examples of Physical Completion in a sentence

• The Contractor shall procure and maintain insurance, as required in this Section, without interruption from commencement of the Contractor’s work through the term of the contract and for thirty (30) days after the Physical Completion date, unless otherwise indicated herein.

• Upon receipt of written notice concurring in or denying substantial completion, whichever is applicable, the Contractor shall pursue vigorously, diligently and without unauthorized interruption, the work necessary to reach Substantial and Physical Completion.

• Construction, once undertaken, shall proceed in a continuous and reasonably expeditious manner until Physical Completion is achieved.

• The Developer hereby agrees to indemnify and hold the Owner harmless from all liabilities, claims, and demands for personal injury or property damage arising out of or caused by any act or omission of the Developer, its subcontractors, agents, or employees, or arising in or about the Property at any time from the date of this Agreement until Physical Completion.

• That date shall constitute the Physical Completion Date of the contract, but shall not imply acceptance of the work or that all the obligations of the Contractor under the contract have been fulfilled.

More Definitions of Physical Completion

Physical Completion as used in this contract and Clause I.23, Incentive Fee shall be defined as set forth by contract Clause F.2.

Physical Completion. As set forth in Section 1 of Exhibit A2 to the Common Agreement.

Physical Completion. The satisfaction of the following conditions, as evidenced by the written notification from DOE to the Borrower in accordance with clause (d)(iii) of this definition:

Physical Completion means the date and time that the Works described within a Work Order are deemed to have been Completed to the required standard and the date of completion has been reported to Mitie and entered into Mitie’s Maximo system;

Physical Completion means the project’s ability to sustain production at a certain capacity for a specified period of time, such as one month or one quarter of the operating year. Before this, the project may also be certified as technically complete, i.e., meeting all technical design specification.

Physical Completion has the meaning specified in Section 4.04(a).

Physical Completion shall occur on the first date on which all of the following conditions precedent shall have been satisfied: