TCO definition
Examples of TCO in a sentence
In connection with the foregoing, Borrower shall apply for the renewal of each TCO prior to the expiration of the then-existing TCO (and Borrower shall deliver or cause to be delivered to Lender a copy of such renewal within ten (10) Business Days of issuance thereof).
In addition, from and after the issuance of a TCO until such time as the Permanent CO has been issued by the appropriate Governmental Authorities, Borrower shall cause each TCO to remain in full force and effect.
Upon ▇▇▇▇▇▇’s request, Borrower shall provide Lender with periodic updates regarding the status and the progress of maintaining the TCO and obtaining the Permanent CO for all of the Improvements at the Property.
Borrower shall (i) perform or cause to be performed all work, (ii) pay any and all costs, fees and expenses, and (iii) promptly and diligently prosecute to completion any and all additional actions necessary in order to obtain a TCO for all of the Improvements at the Property.
Upon Lender’s reasonable request, Borrower shall provide Lender with periodic updates regarding the status and the progress of obtaining such TCO.