Aggregate Occupancy Rates Sample Clauses
The Aggregate Occupancy Rates clause defines how the overall occupancy level of a property or group of properties is measured and reported. Typically, it sets out the method for calculating the average occupancy over a specified period, such as monthly or annually, and may specify which units or spaces are included in the calculation. This clause is essential for providing a clear and consistent benchmark for performance, often used in commercial leases or management agreements to assess property utilization and trigger certain rights or obligations based on occupancy thresholds.
Aggregate Occupancy Rates. The Parent shall not permit the weighted average aggregate Occupancy Rate (weighted on the basis of aggregate square footage) of all Eligible Properties to be less than or equal to 90% at any time.
Aggregate Occupancy Rates. The Borrower shall not permit the weighted average aggregate Occupancy Rate of all Operating Properties that are Unencumbered Pool Properties to be less than 90% at any time.
Aggregate Occupancy Rates. The Parent shall not permit the weighted average aggregate Occupancy Rate (weighted on the basis of aggregate square footage) of all Unencumbered Pool Properties to be less than 90% at any time.
Aggregate Occupancy Rates. The Parent and the Borrower shall not permit the weighted average aggregate Occupancy Rate (weighted on the basis of aggregate square footage) of all Borrowing Base Properties to be less than or equal to 85.0% at any time.
Aggregate Occupancy Rates. The Borrower shall not permit the weighted average aggregate Occupancy Rate (weighted on the basis of aggregate square footage) of all Stabilized Properties that are Collateral Properties to be less than or equal to 75.0% at any time.