DECO definition
Examples of DECO in a sentence
During the term of this Agreement, Parent will own directly or indirectly all of the voting common stock of Subsidiary and The Detroit Edison Company ("DECO") now or hereafter issued and outstanding.
During the term of this Agreement, Parent will own all of the voting common stock of Subsidiary and The Detroit Edison Company ("DECO") now or hereafter issued and outstanding.
Client shall not be liable for Annual Basic Rental with respect to the DECO Expansion Premises until Landlord delivers possession of the DECO Expansion Premises to Client.
Maintain at all times beneficial ownership, free and clear of all Liens, of 100% of the Voting Stock of the Borrower and DECO.
If such right is not exercised, the term of Client’s lease of the Suite 190 Premises shall terminate on the ninetieth (90th) day after the DECO Expansion Premises Commencement Date or the Alternate Floor Premises Commencement Date (whichever is applicable) (the “Suite 190 Termination Date”), and Client agrees to vacate the Suite 190 Premises in accordance with its obligations under Section 22 of the Lease, on or before the Suite 190 Termination Date.
At either party’s request, the parties shall jointly execute and deliver to one another a memorandum in reasonable form prepared by Landlord confirming the DECO Expansion Premises Commencement Date.
If the DECO Expansion Premises Commencement Date has not occurred by January 1, 2012, Landlord may elect, by written notice to Client, to terminate Client’s lease of the DECO Expansion Premises effective as of the date of such notice.
Landlord estimates that the DECO Expansion Premises Commencement Date will occur on June 1, 2011 and Landlord agrees that the DECO Expansion Premises Commencement Date shall not occur prior to October 1, 2010 absent Client’s prior written consent.
Any modifications to the DECO Space Plan made at Client’s request after same has been mutually approved shall be made at Client’s expense and, if delay in occupancy occurs as a result of such modifications, Client shall be liable to Landlord for Basic Rental attributable to each day beyond the projected Commencement Date that delivery of the DECO Expansion Premises is so delayed.
I am the Associate General Counsel of DTE, and the Vice President and General Counsel of both DECO and MichCon, and have acted as counsel for each of the Borrowers in connection with the preparation, execution and delivery of the Loan Documents.