Final CO definition
Examples of Final CO in a sentence
From the date of issuance of the first permit for any portion of the Project until issuance of the Final CO, Owner will be required to pay to the Village an annual “Off-Duty Police Fee” in an amount equal to the cost of 4,500 hours of off-duty police service at the rate then being charged by the Village for off-duty police service.
Notwithstanding anything to the contrary contained herein, if Developer fails to Substantially Complete Construction of the Project and obtain a Final CO by the Completion Deadline, then the same shall constitute a Default under this Agreement and under the Ground Lease and in addition to the remedies and damages flowing from this Default, Developer shall pay the Delay Payments.
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.
Following the Final CO Date, such sum shall be reduced to Twenty-Five Thousand Dollars ($25,000.00), and as long as no Event of Default by Lessee then exists under the Lease, shall be reduced to Zero Dollars ($0.00) upon the date which is ten (10) years following the Final CO Date.
If Landlord satisfies the requirement for securing the Certificate of Occupancy by securing a temporary or conditional certificate of occupancy, Landlord must diligently pursue and secure the issuance of a final, unrestricted certificate of occupancy (the "Final C.O.") within one hundred twenty (120) days after the date of the issuance of the temporary or conditional certificate of occupancy.
If Owner requests off-duty police officers for Shops events or construction during a year, the services requested will be counted as part of the 4,500 hours (3,500 hours after issuance of the Final CO) paid for by Owner.
Upon Tenant obtaining the Final CO for the Garage, the balance of the Second Security Deposit, if any, shall be returned to Tenant.