Completion Settlement Clause Samples

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Completion Settlement. 14.11.1 Submitting completion settlement materials. According to the provisions as set forth in Article 12.1 hereof, within 12 days after the completion inspection & acceptance report and complete completion materials submitted by the contractor are recognized by the contract letting party, the contractor shall deliver the completion inspection & acceptance report and complete completion materials to the contract letting party.
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Completion Settlement. 32.1 Within 28 days after the project completion acceptance report is approved by the Employer, the Contractor submits a completion settlement report and complete settlement information to the Employer, and the two parties perform the project completion settlement in accordance with the contract price agreed in the agreement and the contract price agreed in the special terms. .
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Completion Settlement. 14.1 Application for completion settlement Unless otherwise specified in the Special Terms of the Contract, the Contractor shall, within 28 days after the completion acceptance is qualified, submit the application form of completion settlement and complete settlement data to the Project Owner and the Supervisor. The data list and copies of the application form of completion settlement shall be stipulated by the parties in the Special Terms of the Contract. Unless otherwise specified in the Special Terms of the Contract, the application form of completion settlement shall include: (1) The Contract Price for completion settlement; (2) Payments that have been made by the Project Owner to the Contractor; (3) The Quality Deposit that should be detained. Except where the performance bond has been paid or other forms of project quality guarantee have been provided; ​ ​ ​ ​ ​ (4) The Contract Price that should be paid by the Project Owner to the Contractor. 14.2 Approval of completion settlement (1) Unless otherwise specified in the Special Terms of the Contract, the Supervisor shall, within 14 days upon receipt of the application form of completion settlement, complete the review and submit it to the Project Owner. The Project Owner shall, within 14 days upon receipt of the application form of completion settlement reviewed by the Supervisor, complete the approval, and the Supervisor shall issue to the Contractor the completion payment certificate signed by the Project Owner. If the Supervisor or the Project Owner has objections to the application form of completion settlement, they shall have the right to request the Contractor to revise and provide supplementary data, and the Contractor shall submit the revised application form of completion settlement. If the Project Owner fails to complete the approval and raises no objection within 28 days upon receipt of the application form of completion settlement submitted by the Contractor, it shall be deemed that the Project Owner has approved the application form of completion settlement submitted by the Contractor and that the completion payment certificate has been issued from the 29th day upon receipt of the application form of completion settlement submitted by the Contractor. (2) Unless otherwise specified in the Special Terms of the Contract, the Project Owner shall complete the completion payment to the Contractor within 14 days upon the issuance of the completion payment certificate. If the Project Owner fails...
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Completion Settlement. 14.1 Completion Payment Application
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Completion Settlement. After the completion report is approved by Party A, Party B shall submit the completion settlement report and the complete settlement data to Party A according to the relevant national regulations or the Contract. Party A shall review and confirm the reports and settlement date within 28 days after receiving such report and settlement data, and shall make the final payment to Party B according to the Contract. Meanwhile, both parties shall conduct the engineering handover formalities. Should Party A fails to make completion settlement on schedule without good reasons, Party A shall bear Party B’s corresponding custodian fees and interest losses.
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Completion Settlement. 14.12.1 Submit completion settlement data The Contractor shall submit a completion settlement report and complete completion settlement data to the Employer within 30 days after the completion acceptance report and complete completion data submitted according to the provisions of Article 12.1 are determined by the Employer. The format, content and number of completion settlement data are specified in the special terms and conditions. 14.12.2 Final completion settlement data The Employer shall review and propose modification opinions within 30 days after receiving the completion settlement report and complete completion settlement data submitted by the Contractor. After the parties have reached a consensus on the modification of the completion settlement report and the complete completion settlement data, the Contractor shall amend at its own expense and submit the final completion settlement report and final settlement information. 14.12.3 Settle the funds for completion settlement
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Completion Settlement. The format, content and number of copies of completion settlement documents: in six copies.
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Completion Settlement 
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Related to Completion Settlement

  • Termination Settlement Upon the occurrence of any Acceleration Event, Dealer shall have the right to designate, upon at least one Scheduled Trading Day’s notice, any Scheduled Trading Day following such occurrence to be a Settlement Date hereunder (a “Termination Settlement Date”) to which Physical Settlement shall apply, and to select the number of Settlement Shares relating to such Termination Settlement Date; provided that (i) in the case of an Acceleration Event arising out of an Ownership Event, the number of Settlement Shares so designated by Dealer shall not exceed the number of Shares necessary to reduce the Share Amount to reasonably below the Post-Effective Limit and (ii) in the case of an Acceleration Event arising out of a Stock Borrow Event, the number of Settlement Shares so designated by Dealer shall not exceed the number of Shares as to which such Stock Borrow Event exists. If, upon designation of a Termination Settlement Date by Dealer pursuant to the preceding sentence, Counterparty fails to deliver the Settlement Shares relating to such Termination Settlement Date when due or otherwise fails to perform obligations within its control in respect of the Transaction, it shall be an Event of Default with respect to Counterparty and Section 6 of the Agreement shall apply. If an Acceleration Event occurs during an Unwind Period relating to a number of Settlement Shares to which Cash Settlement or Net Share Settlement applies, then on the Termination Settlement Date relating to such Acceleration Event, notwithstanding any election to the contrary by Counterparty, Cash Settlement or Net Share Settlement shall apply to the portion of the Settlement Shares relating to such Unwind Period as to which Dealer has unwound its hedge (assuming that Dealer has a commercially reasonable hedge and unwinds its hedge in a commercially reasonable manner) and Physical Settlement shall apply in respect of (x) the remainder (if any) of such Settlement Shares and (y) the Settlement Shares designated by Dealer in respect of such Termination Settlement Date. If an Acceleration Event occurs after Counterparty has designated a Settlement Date to which Physical Settlement applies but before the relevant Settlement Shares have been delivered to Dealer, then Dealer shall have the right to cancel such Settlement Date and designate a Termination Settlement Date in respect of such Shares pursuant to the first sentence hereof. Notwithstanding the foregoing, in the case of a Nationalization or Merger Event, if at the time of the related Relevant Settlement Date the Shares have changed into cash or any other property or the right to receive cash or any other property, the Calculation Agent shall adjust the nature of the Shares as it determines appropriate to account for such change such that the nature of the Shares is consistent with what shareholders receive in such event. If Dealer designates a Termination Settlement Date as a result of an Acceleration Event caused by an excess dividend of the type described in Paragraph 7(f)(ii), no adjustments(s) shall be made to the terms of this contract to account for the amount of such excess dividend.

  • Equity Trading and Transaction Settlement The equity trading desks execute buy and sell order based on instructions provided by affiliated advisers. The trading staff either places orders electronically or contacts brokers to place orders, find liquidity and seek price levels. Upon completion of a transaction, the transaction settlement group works with the broker and the account custodian to ensure timely and accurate exchange of securities and monies.