Acquisition and Completion of the Project Clause Samples

The "Acquisition and Completion of the Project" clause defines the responsibilities and procedures for obtaining ownership or control of a project and ensuring its successful completion. Typically, this clause outlines the steps required for the transfer of assets, the timeline for project milestones, and the standards or conditions that must be met before the project is considered finished. By clearly delineating these processes, the clause helps prevent disputes over project ownership and completion criteria, ensuring that all parties understand their obligations and the benchmarks for project delivery.
Acquisition and Completion of the Project. The Company represents that it has caused the acquisition, construction, installation and equipping of the Project to be completed substantially in accordance with the Plans.
View SourceView Similar (11)
Acquisition and Completion of the Project. The Company represents that the acquisition, installation and construction of the Project have been completed.
View SourceView Similar (4)
Acquisition and Completion of the Project. The Issuer agrees that: (a) It will cause the Project to be acquired, constructed, installed and equipped as herein provided substantially in accordance with the Plans. (b) It will make, execute, acknowledge and deliver any contracts, orders, receipts, writings and instructions with any other persons, firms or corporations and in general do all things which may be requisite or proper, all for acquiring, constructing, installing, equipping and completing the Project substantially in accordance with the Plans. (c) It will ask, demand, ▇▇▇ for, ▇▇▇▇, recover and receive such sums of money, debts or other rights whatsoever to which it may be entitled under any contract, order, receipt, guarantee, warranty, writing or instruction in connection with any of the foregoing, and it will enforce the provisions of any contract, agreement, obligation, bond or other security. Any amounts received in connection with the foregoing, after deduction of reasonable expenses incurred in such recovery, if received prior to the Completion Date, shall be paid into the Construction Fund and, if received on or after the Completion Date, shall be paid into the Bond Fund. The Issuer hereby makes, constitutes and appoints the Company as its true, lawful and exclusive agent for the acquisition, construction, installation and equipping of the Project, and the Company hereby accepts such agency, to act and do all things on behalf of the Issuer, to perform all acts and agreements of the Issuer hereinbefore provided in this Section 2.1 and to bring any actions or proceedings against any person which the Issuer might bring with respect thereto as the Company shall deem proper. The Issuer hereby ratifies and confirms all actions of, and assumes and adopts all such contracts entered into by or on behalf of, the Company with respect to the Project prior to the effective date hereof. This appointment of the Company to act as agent as aforesaid and all authority hereby conferred are granted and conferred irrevocably and shall not be terminated by any act of the Issuer or the Company. The Issuer will, upon the request of the Company, assign to the Company all warranties and guarantees of all contractors, subcontractors, suppliers, architects and engineers for the furnishing of labor, materials or equipment or supervision or design in connection with the Project and any rights or causes of action arising from or against any of the foregoing. The Issuer and the Company agree to use their best effor...
View Source
Acquisition and Completion of the Project. ISSUANCE OF THE BONDS 2 SECTION 2.1. Acquisition and Completion of the Project 2 SECTION 2.2. Issuance of the Bonds 2
View Source
Acquisition and Completion of the Project. The Company agrees to use its best efforts to cause the acquisition, construction, installation and equipping of the Project to be completed substantially in accordance with the Plans as soon as practicable, delays incident to "force majeure" (as defined in Section 5.1 hereof) only excepted. The Project shall belong to and be the property of the Company. The Issuer and the Company agree that the Company may from time to time supplement or amend the Plans (including additions thereto or omissions therefrom), provided that such supplements or amendments shall not result in the interest on the Bonds or any portion thereof becoming includable in gross income for federal income tax purposes under the laws then in effect.
View Source
Acquisition and Completion of the Project. Lessor has acquired or will acquire title to the Project on the Closing Date with funds provided by Lessee. Lessee agrees to complete the Project in accordance with the plans and specifications as provided in Article X-V hereof and to lease the Project from Lessor in accordance with the terms hereof.
View Source
Acquisition and Completion of the Project. ISSUANCE OF THE BONDS AND ADDITIONAL BONDS
View Source

Related to Acquisition and Completion of the Project

  • Completion of the Project The Participating County acknowledges it is obligated to undertake and complete the design and construction of the Project in compliance with all of the applicable terms and conditions of the Project Documents and the Participating County agrees to use its best efforts to cause the completion of design and construction of the Project in compliance with the applicable terms and conditions of such documents. The Participating County agrees to complete the Project in accordance with this Agreement and consistent with the scope, cost and schedule established by the Board and attached hereto in Exhibit A, as such scope, cost and schedule may be modified with the approval of Finance and the recognition of the Board.

  • COMMENCEMENT AND COMPLETION OF THE PROJECT Section 3.01 The Project 8 Section 3.02 Diligent Completion 8 Section 3.03 Filings and Reports 8

  • Upon completion of the Project the Recipient shall make a full and complete accounting to the OPWC of the Eligible Project Cost.

  • Execution of the Project (a) DAWASA declares its commitment to the objectives of the Project as set forth in Schedule 2 to the Development Credit Agreement, and, to this end, shall: (i) carry out the Project with due diligence and efficiency and in conformity with appropriate administrative, financial, engineering, environmental, water, sewerage and resettlement practices, and shall provide, or cause to be provided, promptly as needed, the funds, facilities, services and other resources required for the Project; (ii) duly and punctually perform in accordance with the provisions of the Development Contract, Lease Contract and the DAWASA Subloan Agreement all its obligations therein set forth and shall exercise its rights thereunder in such manner as to protect the interests of the Borrower and the Association and accomplish the purposes of the Credit; and (iii) cause the Operator to carry out its obligations under the Project, Lease Contract and DAWASA Subloan Agreement with due diligence and efficiency and in conformity with appropriate administrative, financial, engineering, environmental, water, sewerage and resettlement practices. (b) Without limitation upon the provisions of paragraph (a) of this Section and except as the Association and DAWASA shall otherwise agree, DAWASA shall carry out the Project in accordance with the Implementation Program set forth in Schedule 2 to this Agreement. Section 2.02. Except as the Association shall otherwise agree, procurement of the goods, works and consultants’ services required for the Project and to be financed out of the proceeds of the Credit shall be governed by the provisions of Schedule 1 to this Agreement. (a) DAWASA shall carry out or cause to be carried out, the obligations set forth in Sections 9.03, 9.04, 9.05, 9.06, 9.07 and 9.08 of the General Conditions (relating to insurance, use of goods and services, plans and schedules, records and reports, maintenance and land acquisition, respectively) in respect of this Agreement. (b) For the purposes of Section 9.06 of the General Conditions and without limitation thereto, DAWASA shall, in conjunction with the Borrower: (i) prepare, on the basis of guidelines acceptable to the Association and furnish to the Association not later than six (6) months after the Closing Date or such later date as may be agreed for this purpose among the Association, the Borrower and DAWASA, a plan for the future operation of the Project designed to ensure its sustainability; and (ii) afford the Association a reasonable opportunity to exchange views with DAWASA and the Borrower on the said plan. Section 2.04. Without limitation to its obligations under Section 2.01 of this Agreement, DAWASA shall, for the purposes of making available the counterpart contribution to the financing of the Project: (a) replenish the Project Account up to the initial amount of seven hundred fifty million Tanzanian Shillings (Tshs 750,000,000) at the end of each Project Quarter until the completion of the Project, or whenever its balance shall be less than two hundred fifty million Tanzanian Shillings (Tshs 250,000,000); and (b) ensure that amounts deposited into the Project Account shall be used exclusively to make payments to meet expenditures made or to be made in respect of the reasonable cost of goods, works and services for the Project in addition to those financed from the proceeds of the Credit.

  • Construction of the Project The Allottee has seen the proposed layout plan, specifications, amenities and facilities of the Apartment/ Plot and accepted the floor plan, payment plan and the specification, amenities and facilities annexed along with this Agreement which has been approved by the competent authority, as represented by the Promoter. The Promoter shall develop the Project in accordance with the said layout plans, floor plans and specifications, amenities and facilities. Subject to the terms in this Agreement, the Promoter undertakes to strictly abide by such plans approved by the competent authorities and shall also strictly abide by the bye-laws, FAR, and density norms and provisions prescribed by the relevant building bye-laws and shall not have an option to make any variation/ alteration/ modification in such plans, other than in the manner provided under the Act, and breach of this term by the Promoter shall constitute a material breach of this Agreement.