Common use of Conditional Approval Clause in Contracts

Conditional Approval. If there remain uncompleted (i) customary punch list items, (ii) minor landscaping, or (iii) exterior finishes (to the extent Vertical Developer can demonstrate to the Agency’s reasonable satisfaction that such finishes would be damaged during the course of later construction of interior improvements) (the “Deferred Items”), each as approved by the Agency Director, the Agency may issue a conditional certificate of completion upon receipt of a reasonable schedule showing that all of the Deferred Items will be completed in a timely fashion, but in no event later than six (6) months from the date of issuance. In the event that Vertical Developer requests a conditional certificate of completion from the Agency, such Deferred Items shall be itemized and attached as an exhibit to the conditional certificate of completion together with a schedule for completion of the Deferred Items. Upon Complete Construction of the Deferred Items, the Agency will promptly issue a final Certificate of Completion with respect thereto.