Unit Acceptance definition

Unit Acceptance means that a Unit has been accepted in accordance with Section 8.5.
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Unit Acceptance has the meaning specified in SECTION 2.
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Examples of Unit Acceptance in a sentence

  • Each Unit will achieve Unit Acceptance on the date when each of the following has occurred: (a) Commercial Operation of the Unit has been achieved, (b) all Punch List items for the Unit have been completed, and (c) the Work on the Unit has been completed in accordance with the Contract.

  • On the Effective Date, the Liquidation Trust Reserve shall be transferred to, and vest in, the Liquidation Trust for purposes of funding the Liquidation Trust.

  • Each Project will achieve Final Acceptance when (a) all Units comprising such Project have achieved Unit Acceptance and (b) the Seller has delivered to the Buyer a certificate for such Project in the form of Exhibit D hereto (an “Acceptance Certificate”).

  • The following conditions shall constitute the “Unit Acceptance Date Conditions,” each of which must be satisfied in all material respects by the Design-Builder in order for the Unit Acceptance Date to occur, and each of which must be and remain satisfied as of the Unit Acceptance Date:Achievement of Performance Guarantees.

  • Contractor shall notify Owner orally and in writing promptly in the event that Contractor rejects any Terrestrial Repeater Unit, providing Owner with the results of the Terrestrial Repeater Unit Acceptance Test.

  • The study looks at the exorbitant prices for the 34 monopoly medicines.

  • Unit Acceptance shall not be deemed to have been achieved unless the Performance Test, conducted in the manner provided in the Contract Documents and the Performance Test Plan, demonstrates that the Performance Guarantees have been met.

  • Contractor shall either accept or reject the terrestrial repeater unit based upon the results of the Terrestrial Repeater Unit Acceptance Test.

  • If the City states in writing that it concurs with the Design-Builder’s certification, the Unit shall be deemed to have achieved Acceptance and the Unit Acceptance Date shall be established on the date of the Design-Builder’s original certification.

  • No undue stress may be placed on any connection by a lack of support of the wiring within the rack.

Related to Unit Acceptance

  • DSU means the Understanding on Rules and Procedures Governing the Settlement of Disputes contained in Annex 2 of the WTO Agreement;

  • Performance Unit Agreement means a written agreement between the Company and a Holder with respect to a Performance Unit Award.

  • Unit Agreement has the meaning set forth in the Declaration.

  • Stock Unit Agreement means the agreement between the Company and the recipient of a Stock Unit which contains the terms, conditions and restrictions pertaining to such Stock Unit.

  • Stock Unit Account means the bookkeeping account established by the Company pursuant to Section 6.4.

  • Election Form means the form established from time to time by the Committee that a Participant completes, signs and returns to the Committee to make an election under the Plan.

  • Unit Account means a notional account opened and managed by Us for You, in which the Units are allocated following the receipt of the Premium from You and in which the Units are cancelled by Us for the purpose of paying the benefits or for recovering the applicable charges;

  • Share Unit means either an RSU or a PSU, as the context requires.

  • Deferred Share means a Share which by its terms of issue is a deferred share as defined in the Statutes and includes a permanent interest bearing share and a Core Capital Deferred Share;

  • Registered in the System for Award Management (SAM means that–

  • Restricted Stock Unit Agreement means the agreement consistent with the terms of the Plan between the Company and the recipient of a Restricted Stock Unit that contains the terms, conditions and restrictions pertaining to such Restricted Stock Unit.

  • Performance Share means an Award denominated in Shares which may be earned in whole or in part upon attainment of performance goals or other vesting criteria as the Administrator may determine pursuant to Section 10.

  • Non-Electing Share has the meaning specified in Section 12.11.

  • Share Award means an Award of Shares granted pursuant to Section 10.

  • Deferred Share Unit or “DSU” means a unit equivalent in value to a Share, credited by means of a bookkeeping entry in the books of the Corporation in accordance with Article 7;

  • Unit Appreciation Right or “UAR” means a contingent right that entitles the holder to receive the excess of the Fair Market Value of a Unit on the exercise date of the UAR over the exercise price of the UAR.

  • Performance Stock Unit means a right granted to a Participant pursuant to Section 8.2, to receive Stock, the payment of which is contingent upon achieving certain Performance Goals or other performance-based targets established by the Committee.

  • Capital Grant means grant paid to the Academy Trust in respect of Capital Expenditure.

  • Stock Unit means a bookkeeping entry representing the equivalent of one Share, as awarded under the Plan.

  • Stock Grant means the grant of shares of Stock not subject to restrictions or other forfeiture conditions.

  • Stock Unit Award means a right to receive shares of Common Stock which is granted pursuant to the terms and conditions of Section 7(c).

  • Deferral Election Form means the form established from time to time by the Plan Administrator that the Director completes, signs and returns to the Plan Administrator to designate the amount of the Deferrals.

  • Performance Share Unit or “PSU” means a unit equivalent in value to a Share, credited by means of a bookkeeping entry in the books of the Corporation in accordance with Article 6;

  • Phantom Share means a right, pursuant to the Plan, of the Grantee to payment of the Phantom Share Value.

  • Performance Unit Award means an Award granted under Article XI of the Plan under which, upon the satisfaction of predetermined Performance Goals, a cash payment shall be made to the Holder, based on the number of Units awarded to the Holder.

  • Restricted Stock Unit Award Agreement means a written agreement between the Company and a holder of a Restricted Stock Unit Award evidencing the terms and conditions of a Restricted Stock Unit Award grant. Each Restricted Stock Unit Award Agreement will be subject to the terms and conditions of the Plan.