Punchlist Item definition
Punchlist Item means an item that is minor in nature (i.e., an item the non-completion of which will not affect the safe, reliable, efficient, and continuing ownership, possession, use, operation, maintenance, or repair of the Project), is part of the Work, and has not been completed as of Substantial Completion. Without limiting the foregoing, no item or matter that may prevent the Project from achieving Substantial Completion or may cause an outage of, or a reduction in the production or delivery of electrical power from, the Project or is by design an integral part of a system required for operation of the Project may be considered a Punchlist Item. Examples of typical Punchlist Items include completion of painting, landscaping, final Project clean up, and final grading.
Punchlist Item means those administrative items or other minor items of the Work, and consistent with GAEP, the omission of which would not adversely affect the safety, performance, or reliability of the start up and testing or Commercial Operation of a component or the Facility, including but not limited to painting, insulation repairs, labels and landscaping.
Punchlist Item means an item that is minor in nature (i.e., an item the non-completion of which will not affect the safe, reliable, efficient, and continuing ownership, possession, use, operation, maintenance, or repair of the Project), is part of the Work, and has not been completed as of Mechanical Completion or Substantial Completion, as applicable. Without limiting the foregoing, no item or matter that may prevent the Project from achieving Substantial Completion or may cause an outage of, or a reduction in the production or delivery of electrical power from, the Project or is by design an integral part of a system required for operation of the Project may be considered a Punchlist Item. Examples of typical Punchlist Items include completion of painting, landscaping, final Project clean up, and final grading.
Examples of Punchlist Item in a sentence
Thereafter, each such Punchlist Item shall be deemed completed for purposes of Seller achieving Final Completion.
On or before five (5) Business Days after Buyer provides written notice to Seller electing to waive the remaining requirements of Final Completion, Buyer shall pay to Seller, for each Punchlist Item (if any) that was completed by Seller and accepted by Buyer in accordance with the terms of this Agreement, the portion of the Punchlist Holdback Amount described in clause (i) of the definition of Punchlist Holdback Amount assigned to such Punchlist Item in the Punchlist.
More Definitions of Punchlist Item
Punchlist Item means any item of uncompleted Work that (considered individually or in the aggregate of the Punchlist Items) does not or will not adversely affect the performance of the Facility or the ability of Owner to operate the Facility in the ordinary course of business in accordance with GAIEP.
Punchlist Item means, as of Substantial Completion, any item of incomplete Work that (considered individually or in the aggregate) does not or will not adversely affect the performance of the System (or any portion thereof) or the ability of the Client to operate the System (or any portion thereof) in the ordinary course of business in accordance with GAEP.
Punchlist Item means minor, non-operational items that HI-POWER or ACRO identifies as requiring completion and that individually or in the aggregate do not affect the safety, reliability, and continuous commercial operability of the Work or the ability to commission and test the Work and that will remain to be performed to complete the applicable portion the Work. "Purchase Order" means HI-POWER's purchase order issued to ACRO hereunder, which will include the Basic Purchase Order Terms. "Purchaser" means a purchaser of, directly or indirectly, some or all of either HI-POWER’s assets or equity interests. "Reimbursement Authorization" has the meaning set forth in Section 6.2(a). "Release", "Released" or "Releasing" means any spilling, leaking, pumping, pouring, emitting, emptying, discharging, injecting, escaping, leaching, dumping, or disposing into the environment (including the abandonment or discarding of barrels, containers, and other closed receptacles containing any Hazardous Material, but excluding (a) emissions from the engine exhaust of a motor vehicle and (b) the normal application of fertilizer). "Renewal Term" has the meaning set forth in Section 2.6(b). "Representatives" has the meaning set forth in Section 17.3. "Requirements" means, collectively: (i) Prudent Industry Standards; (ii) Applicable Laws; (iii) all Governmental Approvals; (iv) the requirements of the Technical Specifications; (v) the design, plans, and
Punchlist Item means an item that is minor in nature (i.e., an item the non-completion of which will not affect the safe, reliable, efficient, and continuing ownership, possession, use, operation, maintenance, or repair of the Project), is part of the Work, and has not been completed as of Substantial Completion. Without limiting the foregoing, no item or matter that may prevent 25 NTD: ▇▇▇▇▇’s preference is for all the component parts of this definition (i.e., “Owned Real Property,” “Leased Real Property,” and “Easements”) to have been obtained by Seller, or be under Seller’s control, as of the Effective Date. The Agreement generally assumes that those component parts have been so obtained. Some projects may not be developed to the point where the “Owned Real Property,” “Leased Real Property,” and “Easements” have been obtained by Seller, or are under Seller’s control, by the Effective Date. For those transactions, the representations and warranties, the timing around the title commitment, and other provisions of the Agreement related to the component parts will or may require modification. Additional refinements to the Agreement’s real property provisions may be necessary depending on the underlying facts.