Turnover Certificate definition

Turnover Certificate means the document used by the IPT to certify that installation, pre-commissioning, commissioning and testing of the various subsystems are ready for introduction of hydrocarbons through the overall production system.
View Source
Turnover Certificate means a certificate, in a form satisfactory to the Steering Committee and issued by the Project Architect or independent certifier, as applicable, certifying that in the opinion of the Project Architect or independent certifier, as applicable, all conditions for satisfaction of Completion have been satisfied and the Event Centre is ready for Turnover, along with a list of all outstanding Minor Deficiencies (if any);
View Source
Turnover Certificate a certificate signed by a professionally qualified independent auditor or accountant appointed by the Tenant accurately certifying:
View Source

Examples of Turnover Certificate in a sentence

  • The On-Account Turnover Certificate must contain such details as to the method of calculation as the Landlord reasonably requires.

  • The Annual Turnover Certificate must contain such details as to the method of calculation as the Landlord may reasonably require.

  • The Tenant must ensure that the Annual Turnover Certificate states as accurately as the Tenant is reasonably able to do so the amount of the Turnover during the relevant Turnover Period.

  • The Tenant must ensure that the On-Account Turnover Certificate states as accurately as the Tenant is reasonably able to do so the amount of the Turnover during the relevant On-Account Period.

  • On receipt of an Annual Turnover Certificate, the Landlord must calculate the Turnover Rent for the Turnover Period and serve on the Tenant a demand for any balance due taking into account all On-Account Payments made in respect of the relevant Turnover Period.

  • On receipt of an On-Account Turnover Certificate, the Landlord must calculate the On-Account Payment due for that On-Account Period and issue a demand to the Tenant for the On-Account Payment.

  • Fifteenth Average Annual Turnover Certificate / Statement duly verified and audited by Charted Accountant (for the F.Y. 2020-21, 2021-22 & 2022-23).

  • If the Tenant does not deliver an On-Account Turnover Certificate in accordance with paragraph 3.2 of this Part of the Schedule, the Tenant must, within [10 Business Days] after the end of the relevant On-Account Period, pay to the Landlord on account of the Turnover Rent an amount equal to the higher of: the Default On-Account Payment; and the On-Account Payment made in respect of the most recent On-Account Period in respect of which an On-Account Turnover Certificate has been provided.

  • Upon receipt of an On-Account Turnover Certificate, the Landlord must calculate the On-Account Payment due for that On-Account Period and issue a demand to the Tenant for the On-Account Payment.

  • The bidder must submit the CA certified Turnover Certificate for the last seven years.