Examples of Certificate of Occupancy in a sentence
The term of this Agreement shall be from June 1, 2024 to, forty-five (45) days after the New Xxxxxx School obtains a Temporary Certificate of Occupancy, unless extended by mutual agreement memorialized in writing by both parties.
Payments shall be due under this Note as follows: Beginning the first of the month following the issuance of the Certificate of Occupancy, Maker shall make sixty (60) equal monthly payments of Seventeen Thousand Two Hundred Eight and 00/100 Dollars ($17,280.00) which shall bear simple interest at ZERO and Seventy-Two hundredth percent (0.72%).
The boulevard improvements for each lot or parcel shall be completed to City’s satisfaction within sixty (60) days of the date that a Certificate of Occupancy (temporary or permanent) is issued by City for a building located on the lot, unless the Certificate of Occupancy is issued after October 1st or before April 30th in any given year, in which case the boulevard improvements shall be so completed by the following July 1st.
This Agreement shall become effective upon execution hereof by the parties and recordation as provided in Section 7.1 and shall remain in full force and effect for fifteen (15) years following the issuance of a Certificate of Occupancy for the Project, provided, however, that all rights, benefits, remedies, payments, duties, and obligations of the parties shall survive the termination until all payments, duties, and obligations of the parties under this Agreement have been performed.
The monthly installment payments shall commence on the first of the month following the issuance of the Certificate of Occupancy and continuing on the first day of each month thereafter with the remaining balance of principal due and payable on the first day of the sixty first (61st) month following the date of the issuance of the Certificate of Occupancy, provided, however, that Maker’s obligation to repay this Note may be accelerated in accordance with the Agreement or the terms of this Note.