CO Date definition

CO Date means the date on which Tenant receives a Certificate of Occupancy for any portion of the Project.

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedSchedule a Demo

CO Date means the date the last of the Dry Stack Improvements has been completed in accordance with the building permit issued therefor as reasonably determined by the Governmental Authority that issued such building permit.

CO Date means the date a certificate of occupancy is issued by the City for the occupancy of the Facility by Company.

Examples of CO Date in a sentence

• On the CO Date, Replacement Value of the Improvements shall be deemed to be an amount equal to the actual costs incurred or expended in connection with the construction of the Premises as certified by the architect upon completion of the Premises, other than foundations and financing and other soft costs not applicable to replacement, adjusted for each year after completion of the Premises in accordance with the percentage change in the Building Index.

• Company shall supply documentation to the City that the Company has paid when due all taxes assessed to the Company, including, but not limited to, those related to the Restaurant and/or the Project, through the one (1) year anniversary of the CO Date.

• Owner, in its sole and absolute discretion, for any reason and for no reason whatsoever, may consider a reduction of the required payments to the Reserve Account as set forth in this Section 16.1(a) above any time after the CO Date.

• All of the limits of insurance required pursuant to this Article 7 shall be subject to review by Owner and, in connection therewith, Tenant shall carry or cause to be carried such additional amounts as Owner may reasonably require from time to time, but Owner may not impose such new limits any more frequently than once in every three (3) year period from the CO Date (including but not limited to deductibles, limits, coverages and endorsements).

• The Central Reservations Services Agreement will remain in effect for a minimum of two years following the CO Date, and thereafter, may be cancelled by RW only with twelve (12) months' prior written Notice of Termination.

• Lessee shall deliver to and maintain with County a security deposit (the “Security Deposit”) in an amount equal to Fifty Thousand Dollars ($50,000.00), until such time as the Redevelopment Work for the Property has been completed and the final CO Date for the same has occurred (the “Final CO Date”).

• Company shall supply documentation to the City that the Restaurant has remained open and continually operating from the date the City issues a permanent Certificate of Occupancy for the remodeled Restaurant (the “CO Date”) through the one (1) year anniversary of the CO Date.

• If a Default exists on the Final CO Date and if Tenant 22 F:\MlNSKERIC.M.BIP ARKONEIPOGROUNDlEASE.EXEC 12-1.DOC m: I 8938rG2450 diligently and in good faith proceeds to cure the Default and, in fact, cures the Default, then, in that event, the First Security Deposit shall be returned to Tenant.

• During the period from the Effective Date through the day preceding the earlier of the CO Date or the Required Construction Completion Date (the “Construction Period”), the Annual Minimum Rent shall be equal to Fifteen Thousand Dollars ($15,000.00) per month.

• If County withholds its consent to an assignment or Major Sublease after the CO Date, County shall notify Lessee in writing of the reason or reasons for such disapproval.

More Definitions of CO Date

CO Date means the earlier of (i) the first day of the month immediately following the month in which a final certificate(s) of occupancy (or equivalent, including a temporary certificate of occupancy (“TCO”)) for the entirety of the Improvements is issued by the City of Fremont, California; provided, however, that the issuance of a TCO for any part of the Improvements shall only be effective for these purposes if such a TCO(s) grant(s) Tenant the right to have the portion of the Improvements that are the subject of such TCO occupied by a tenant(s); and (ii) , 20 ; provided, however, that the CO Date set forth in clause (ii) of this definition of CO Date shall be extended in the event that any Force Majeure Events occur.

CO Date means the date of the issuance of a certificate of occupancy (whether temporary or permanent) or other applicable governmental certificate or approval, for legal use and occupancy of any of the Improvements constructed as part of the Redevelopment Work other than a certificate of occupancy for only the yacht club, boat repair shop or boater bathroom facilities.

CO Date shall have the meaning ascribed to such term in Section 3.3(e).

CO Date means February 1, 2021, provided, however, if the City Manager extends the date for the Company to obtain a Certificate of Occupancy pursuant to Article VI, Section 5 of this Agreement, the CO Date shall mean the date the Company is required to obtain a Certificate of Occupancy as extended in writing by the City Manager.