Common use of Final Occupancy Clause in Contracts

Final Occupancy. Shall be defined as the substantial completion of all works and interior finishing of the industrial and office areas of the Improvements and all exterior and infrastructure Improvements to permit LESSEE to commence utilization of the LEASED PREMISES and all Improvements for the unencumbered conduct of its business, excluding non functional minor cosmetic items, or a punch list of items not to exceed 2% of the construction price of the improvements established pursuant to exhibit "B" hereto.