Performance Acceptance definition

Performance Acceptance shall apply to the Initial Commercial Products only and shall mean the Parties' mutual certification that the Initial Commercial Products satisfy the Product Performance Criteria set forth in Exhibit C.
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Performance Acceptance means the condition achieved when UNIT has achieved READY FOR START UP and has satisfactorily passed the performance tests.
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Performance Acceptance. Owner" will review progress of developer on a weekly basis and sign-off on completed portions of the project.
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Examples of Performance Acceptance in a sentence

  • In addition to the Salary, the Executive shall be to entitled to participate in the Company's existing short-term incentive plan for executives, as the same may be amended from time to time by the Board, and shall also be entitled to receive a bonus of one-half of his then Salary at the "Performance Acceptance Date" with respect to the Company's electric arc furnace as that term is defined under the Company's Term Loan Agreement as of the Effective Date.

  • Performance: Acceptance by Seattle of unsatisfactory performance with or without objection or reservation shall not waive the right to claim damage for breach, or terminate the contract, nor constitute a waiver of requirements for satisfactory performance of any obligation remaining to be performed by Contractor.

  • The Performance Acceptance Procedure consists of a comparison of test results from a baseline period prior to commercial operation of Products (Baseline Performance Collection Phase) with results from a period of time in which the Products are installed and have been optimized in the SWCO's network (Performance Collection, Evaluation and Acceptance Phase) The Performance Acceptance Procedure consists of separate tests for Analog and CDMA.

  • For the Initial Order only, SWCO shall certify to Supplier that the Equipment has been accepted upon the successful achievement of the Performance Acceptance Procedure as specified in Article V.

  • Contractor shall be responsible for the direct supervision with respect to operational matters of the Purchaser's operating and maintenance personnel during the commissioning, start-up, testing and operation of the Project until the Final Performance Acceptance or the earlier takeover and use of the Project by the Purchaser.

  • Notwithstanding Crown's acceptance of Products during the period in which Performance Acceptance has not occurred, Crown shall have the right to terminate this Agreement as set forth in the following paragraph.

  • The Performance Bond shall remain valid and effective until Final Performance Acceptance.

  • Amounts accruing under this Clause 35.1 shall be due and payable not later than 14 (fourteen) days after receipt by the Contractor of an invoice from the Purchaser following the Tests on Completion for the Plant carried out to demonstrate the achievement of Final Performance Acceptance setting forth the Purchaser's claim under this Clause 35.1. The Contractor shall promptly pay all amounts due under this Clause 35.1 to the Purchaser or as the Purchaser shall direct without set-off or counterclaim.

  • The Works shall include the commissioning of components, calibration of controls and equipment, tuning, start-up and initial operation of the Biodiesel Project and each portion thereof, all function and verification tests, and all other commissioning, start-up and initial operation functions pertaining to the Biodiesel Project, prior to Final Performance Acceptance of the Biodiesel Project.

  • If Performance Acceptance has been certified, to the extent that there are no uncured Events of Default by either Party, both Parties will perform their obligations under the Initial Order and Metawave shall issue an invoice to Crown for the amount due on the Initial Commercial Products, which amount will be based on the Purchase Prices set forth in Exhibit D.


More Definitions of Performance Acceptance

Performance Acceptance means, for the Initial Order, Customer's written notification to Seller of the Certificate of Performance Acceptance specified in Exhibit C, that the Products satisfy the Performance Criteria set forth in Exhibit C. "Performance Acceptance Procedure" shall mean, for the Initial Order, the testing procedures and protocols used to determine Product performance levels as described in Exhibit C. "Performance Criteria" shall mean the [**] set forth in Exhibit C, Section 3.7.3. to be [**] for the [**] Products [**] Initial Order [**] Performance Evaluation Period. "Performance Evaluation Period" shall mean the [**] in Exhibit C 3.7.
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Performance Acceptance means the acceptance by the Owner of final Performance of the Project pursuant to the conditions set out hereof and more particularly specified in Schedule [•].
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Performance Acceptance refers to such a fact that Buyer checks and accepts contract equipments when performance acceptance test results indicate that all safety values have been required upon technical agreement under this contract.
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Performance Acceptance means, for the Initial Order, Customer's written notification to Seller of the Certificate of Performance Acceptance specified in Exhibit C, that the Products satisfy the Performance Criteria set forth in Exhibit C.
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Performance Acceptance means that the FACILITIES have been commissioned and successfully operated by SAUDI ARAMCO and the SAUDI ARAMCO operating organization has issued a Performance Acceptance Certificate to Company Representative in accordance with GI 2.710 and the Job Specification.
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Related to Performance Acceptance

  • Performance Bank Guarantee means the irrevocable unconditional bank guarantee to be submitted by the successful bidder as per Section 3.9.

  • Performance Milestone means any of the milestones described in Section A2 (Performance Milestones) of attached Exhibit A (Start-Up License Schedule).

  • Performance Agreement means an agreement between an HSP and its CEO that requires the CEO to perform in a manner that enables the HSP to achieve the terms of this Agreement and any additional performance improvement targets set out in the HSP’s annual quality improvement plan under the Excellent Care for All Act, 2010;

  • Performance Objective means a standard established by the Committee to determine in whole or in part whether a Performance Award shall be earned.

  • Performance Condition means a condition related to performance which is specified by the Committee under Rule 3.1 (Terms of grant);