Common use of Operational Acceptance Clause in Contracts

Operational Acceptance. City’s acceptance of Project shall occur upon Subdivider’s receipt of a letter of acceptance from City after Subdivider complies with the Punch List and passes Final Inspection (as defined in Section 15.4) confirming that Project is substantially complete and operational [Operational Acceptance].

Appears in 2 contracts

Sources: Reimbursement Agreement, Reimbursement Agreement