Punchlist Completion Amount definition

Punchlist Completion Amount means, with respect to a Project, from time to time from and after the Substantial Completion Date of such Project, the estimated cost to complete all remaining Punchlist Items (certified by the applicable Borrower and reasonably confirmed by the Construction Consultant with respect to each Disbursement from and after the Substantial Completion Date in their respective certificates or confirmation form substantially in the form of Exhibit J-1 and Exhibit J-2).
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Punchlist Completion Amount means, from time to time from and after the Substantial Completion Date, the estimated cost to complete all remaining Punchlist Items (certified by the Borrower and reasonably confirmed by the Construction Consultant with respect to each Disbursement from and after the Substantial Completion Date in their respective certificates substantially in the form of Exhibit A-1 and Exhibit A-2).
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Punchlist Completion Amount means, from time to time from and after the Substantial Completion Date, the Borrower’s reasonably estimated cost to complete all remaining Punchlist Items. “Punchlist Items” means minor or insubstantial details of construction or mechanical adjustment, the non-completion of which, when all such items are taken together, will not interfere in any material respect with the use or occupancy of the Project for its intended purposes or the ability of the owner or lessee, as applicable, of any portion of the Project (or any tenant thereof) to perform work that is necessary to prepare such portion of the Project for such use or occupancy. “Related Parties” means, as to any Indemnitee, the Affiliates of any Indemnitee and the employees, officers, directors and agents of such Indemnitee and its Affiliates. “Remaining Costs” means, at any date of determination and with respect to any Line Item in the Project Budget, the amount of funds the Borrower reasonably expects to be expended after such date of determination to complete the tasks set forth in such Line Item, including, for the avoidance of doubt, Retainage Amounts and Reserved Disputed Amounts, as certified at any such time by the Borrower. “Required Contingency” means, at any time, with respect to the Project, a minimum amount required to be maintained with respect to an “Owner’s Hard Cost Contingency” Line Item of at least […***…] of all then remaining Hard Costs, as well as a “Contingency” Line Item of at least […***…] for all then remaining Soft Costs. 10 “Required Disbursement Account Deposit” has the meaning given in Section 2.2.3. “Required Equity Amount” has the meaning given in Section 6.5. “Required Initial Equity Amount” has the meaning given in Section 6.5. “Required Retainage Amounts” means, for Construction Contracts that (individually, or taken together with other Construction Contracts) account for at least […***…] of Hard Costs as set forth in the Project Budget (excluding Construction Contracts that are subcontracts with a Contractor), (a) the greater of (i) ten percent (10%) of the applicable contract price with the ability to reduce to five percent (5%) of the applicable contract price from and after the date that the work contemplated by the applicable Construction Contract is greater than fifty percent (50%) Complete, and (ii) the actual retainage required under such Construction Contract; provided that, if Borrower requests the Administrative Agent’s consent to a Construction Contract w...
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Examples of Punchlist Completion Amount in a sentence

  • From and after the Mall Release Date, after giving effect to the requested Advance, the amount of funds on deposit in the Mall Retainage/Punchlist Account shall equal or exceed 125% of the Mall Punchlist Completion Amount.

  • The Company’s Completion Certificate shall indicate the anticipated Completion Date for such Project and set forth all the other information required thereby, including the Project Punchlist Completion Amount for such Project and the aggregate amount of Project Costs anticipated to become due and payable after the Completion Date of such Project in order to cause the Final Completion Date of such Project to occur.

  • The Company's Mall Release Certificate shall indicate the anticipated Mall Release Date and set forth all the other information required thereby, including (i) the amount allocated to the "mall leasing commissions reserve" and "mall tenant improvements reserves" Line Items in the Project Budget as then in effect and (ii) the Mall Punchlist Completion Amount.


More Definitions of Punchlist Completion Amount

Punchlist Completion Amount means, from time to time from and after the Initial Operating Date, the estimated cost to complete all remaining Punchlist Items if the owner of the Facility were to engage independent, reputable and appropriately experienced and licensed contractor(s) to complete such work and no other work (certified by the Issuer and the Independent Construction Consultant with respect to each Disbursement from and after the Initial Operating Date in their respective certificates in the form of EXHIBIT C-1 and EXHIBIT 2 TO EXHIBIT C-1).
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Related to Punchlist Completion Amount

  • Final Completion Date means the date on which Final Completion occurs.

  • Project Completion Date means the date on which the Completion Certificate is issued;

  • Final Completion means the date determined and certified by A/E and Owner on which the Work is fully and satisfactorily complete in accordance with the Contract.

  • Final Completion Certificate has the meaning set forth in Section 11.6.

  • Construction Completion Date means the Completion Date of the Construction as specified in the Statutory Declaration of Completion for the Project;

  • project completion period means the period of sixty (60) months commencing from and expiring on for the construction and obtaining of Temporary Occupation Permit or Permits for the whole of the Development as provided in clause 3.3;

  • Target Completion Date has the meaning given such term in Section 3.3(b).

  • The Completion Date means the date of completion of the Works as certified by the Employer’s Representative.

  • Substantial Completion Date means the date on which Substantial Completion occurs.

  • Punchlist means a list of items of Work to be completed or corrected by Contractor after Substantial Completion. Punchlists indicate items to be finished, remaining Work to be performed, or Work that does not meet quality or quantity requirements as required in the Contract Documents.

  • Project Completion Schedule means the progressive Project Milestones set forth in Schedule-J for completion of the Project Highway on or before the Scheduled Completion Date;

  • Completion Payment means the payment for the 20% of the Charges for each Apprenticeship that under the ESFA Rules is only paid once an Apprentice takes their end point assessment, including as the case may be Apprenticeships funded by Transferred Levy Funds;

  • Construction Completion Certificate means a certificate of the I-Bank to the effect that the construction of the Project is complete.

  • Punch List means the list of items, prepared in connection with the inspection of the Project by the Owner’s Representative or Architect in connection with Substantial Completion of the Work or a portion of the Work, which the Owner’s Representative or Architect has designated as remaining to be performed, completed or corrected before the Work will be accepted by the Owner.

  • Completion Date means the date of completion of the Services by the Service Provider as certified by the Procuring Entity

  • Punch List Items means such items (i) as are reasonably necessary or appropriate to fully complete the construction, equipping and furnishing of the Hotel in accordance with this Contract and (ii) that, unless otherwise agreed by Buyer in its sole discretion, (a) individually and in the aggregate do not and will not prohibit, cause a delay in or otherwise adversely affect, under applicable Legal Requirements, the Franchise Agreement or otherwise, the opening of the Hotel for business to the public or the continued occupancy and operation of the Hotel as contemplated under the Brand and (b) may be corrected or completed, subject to delays caused by Force Majeure, within not more than sixty (60) days.

  • Punchlist Items means any items necessary at the time of the issuance of a temporary certificate of occupancy to complete fully the renovation of the Project Facilities in accordance with the Plans and Specifications for the Project Facilities, or required for the issuance of a final certificate of occupancy or its equivalent.

  • Improvement completion assurance means a surety bond, letter of credit,

  • Substantial Completion Certificate means the certificate issued and approved by the Authority indicating the date upon which the Trade Contractor Work (or a designated portion thereof) is Substantially Complete.

  • Substantial Completion means the stage in the progress of the work as determined and certified by the Contracting Officer in writing to the Contractor, on which the work (or a portion designated by the Government) is sufficiently complete and satisfactory. Substantial completion means that the property may be occupied or used for the purpose for which it is intended, and only minor items such as touch-up, adjustments, and minor replacements or installations remain to be completed or corrected which:

  • Project Completion means the date, as determined by the Division after consultation with the Recipient, that operation of the Project is initiated or is capable of being initiated, whichever comes first.

  • Total Contract Price/Project Cost/TCO means the price payable to Service Provider over the entire period of Contract for the full and proper performance of its contractual obligations.

  • Original contract price means the award price of the contract; or, for requirements contracts, the price payable for the estimated total quantity; or, for indefinite-quantity contracts, the price payable for the specified minimum quantity. Original contract price does not include the price of any options, except those options exercised at the time of contract award.

  • Scheduled Completion Date shall be the date set forth in Clause 10.3;

  • Total Contract Price/Project Cost/TCO means the price payable to Service Provider over the entire period of Contract for the full and proper performance of its contractual obligations.

  • Final completion and acceptance means the stage in the progress of the work as determined by the Contracting Officer and confirmed in writing to the Contractor, at which all work required under the contract has been completed in a satisfactory manner, subject to the discovery of defects after final completion, and except for items specifically excluded in the notice of final acceptance.