FC Retail Unit definition
FC Retail Unit means, prior to the recordation of the Condominium Documents, the portion of the Project designated as “FC Retail” on the Plans and Specifications, together with its undivided proportionate share of the “Common Areas” appurtenant thereto as shown on the Plans and Specifications and, after the recordation of the Condominium Documents, the “Retail Unit” (as defined in the Condominium Documents), together with its proportionate share of the “Common Elements” (as defined in the Condominium Documents) as more particularly shown on the Condominium Floor Plans.
Examples of FC Retail Unit in a sentence
After Final Completion, Borrower (i) shall maintain or cause to be maintained the Mortgaged Property in good working order and shall comply with all Legal Requirements affecting the Mortgaged Property, (ii) maintain or cause to be maintained the NYTC Office Unit and the FC Office Unit as “Class A” office space, and (iii) maintain or cause to be maintained the FC Retail Unit as first-class retail space.