Coach 2013 Annual Report Download - page 683

(b) the completion of all Punch List Work in accordance with the Plans and all applicable Laws;
(c) the completion of the Base Building Lighting in accordance with the Plans and all applicable Laws;
(d) the commissioning of Coach Exclusive Systems and Coach Shared Building Systems and Areas or other Building systems
shared by the Coach Unit and any other Unit ( i.e., Building systems that are not exclusive to the Additional Office Units);
(e) completing and permanently opening the Parking Unit for continuous use by the Coach Member and the general public with
parking capacity for not less than 200 vehicles not less than, including the Coach Reserved Parking Spaces;
(f) the Executive Construction Manager, the Construction Manager, the Project Architect and the major Developer’s Consultants, and
all direct “hard cost” contractors and subcontractors retained or contracted in connection with the Developer Work or work in and to the Coach Unit (other
than Coach Finish Work) have all delivered waivers of liens and claims for all work performed to the date of Final Completion (or, if not, Developer shall
provide evidence of the bonding of any such lien(s) or the provisions of other security (reasonably satisfactory to the Coach Member) sufficient to discharge
any such liens); and
(g) Developer assigns or causes to be assigned (y) to the Coach Member all Coach Warranties (to the extent not previously assigned to
the Coach Member), and (z) to the Condominium Board all Condominium Warranties (to the extent not previously assigned to the Condominium Board or to
the extent relating to portions of the Project not constituting Developer Work which are not yet complete, which Condominium Warranties shall be assigned to
the Condominium Board when the applicable work is complete).
“Finish Work” means the installations, furnishing, fixtures, finishes, equipment, fitting-out and other improvements, if any, to be developed and
constructed from time to time by or on behalf of a Member and its contractors (as opposed to Developer on behalf of Legacy Tenant) within any Unit owned
(directly or beneficially through Legacy Tenant) in order to ready the same for use and occupancy by such Member or any tenant of such Unit.
“Floor Area” has the meaning ascribed thereto in Section 12-10 of the Zoning Resolution and shall be measured in accordance with the standards set
forth in the Zoning Resolution (notwithstanding that the Building may be exempt from application of the Zoning Resolution under Public Authorities Law
Section 1266(8)).
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