Common use of Use by Owner Clause in Contracts

Use by Owner. Owner may, with Contractor’s consent, occupy or use any complete or partially completed portion of the Work at any stage, provided such occupancy or use is approved by the builder’s all risk and property insurer and provided such occupancy or use is in compliance with Law and is for the purpose that such portion of the Work was intended. If the parties agree to such partial occupancy or use prior to Substantial Completion, Owner assumes the complete risk of loss and damage of such completed or partially completed portion of the Work irrespective of the cause of such loss or damage, and Owner shall be deemed to have accepted such work and Substantial Completion of said portion of the Work shall be deemed to have occurred. Consent of Contractor to partial occupancy or use shall not be unreasonably withheld or delayed.

Appears in 2 contracts

Sources: General Services Agreement (Global Energy, Inc.), General Services Agreement (Global Energy, Inc.)