Common use of Initial Occupancy date Clause in Contracts

Initial Occupancy date. Upon Project Completion and Project being Placed into Service, if applicable, the Recipient shall achieve Initial Occupancy within 12 months of the applicable Project Completion date of each Project.

Initial Occupancy date. Upon Project Completion and Project being Placed into Service, if applicable, the Recipient shall achieve Initial Occupancy within 12 months of the applicable Project Completion date of each Project, unless otherwise determined in writing by the CDFI Fund.