Common use of Acceptance of the Project Clause in Contracts

Acceptance of the Project. As a condition precedent to commencement of the Project, Contractor shall execute and deliver the Energy Savings Guarantee in the form set forth as Exhibit B to this Contract. The parties agree that Exhibit B Energy Savings Guarantee and Measurement and Verification Plan shall control the rights and responsibilities of each party with respect to the Energy Savings Guarantee. It is agreed that the operational savings are considered fully satisfied upon Owner’s Final Acceptance of the Project based on the documentation and data approved by the Owner and included herein.

Acceptance of the Project. As a condition precedent to commencement of the Project, Contractor shall execute and deliver the Energy Savings Guarantee in the form set forth as Exhibit B to this ContractAgreement. The parties agree that Exhibit B Energy Savings Guarantee and Measurement and Verification Plan shall control the rights and responsibilities of each party with respect to the Energy Savings Guarantee. It is agreed that the operational savings are considered fully satisfied upon Owner’s Final Acceptance of the Project based on the documentation and data approved by the Owner and included herein.