Punchlist definition
Examples of Punchlist in a sentence
If the Final Punchlist is not timely delivered by Tenant, then the applicable Expansion Delivery Work shall be deemed final and complete, and Landlord shall have no further obligation to cause any other Expansion Delivery Work for such Phase Expansion Premises to be completed, other than the punchlist items specified in Landlord’s Final Punchlist for such Phase Expansion Premises and the correction of latent defects as provided below.
Excepting latent defects and uncompleted items of the Expansion Delivery Work for the Expansion Premises specified in the applicable Final Punchlist, Tenant shall be deemed to have accepted all elements of the applicable Expansion Delivery Work on the applicable Phase Expansion Premises Commencement Date.
With respect to any disputed Final Punchlist items, Landlord shall cause such items to be completed in like manner, but Landlord may nevertheless reserve Landlord’s rights to require Tenant to pay the costs therefor as Excess Costs.
Tenant, by taking possession of the Leased Premises to commence business operations therein (and not merely to install any Fixturing Work), is deemed to acknowledge that Landlord has satisfactorily performed all work to be performed by it as hereinabove set forth, subject to such Punchlist Items and/or any latent defects.
Items shall not be added to the Final Punchlist by Tenant after it is delivered to Landlord.