Minimum Weighted Average Occupancy of Borrowing Base Assets. The average occupancy of the Borrowing Base Assets, weighted based upon the number of beds comprising each Borrowing Base Asset, is % [and immediately following the Transaction will be %], which is equal to or greater than 80% as required by Section 5.04(b)(vi) of the Credit Agreement.
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Samples: Credit Agreement (Campus Crest Communities, Inc.), Credit Agreement (Campus Crest Communities, Inc.)
Minimum Weighted Average Occupancy of Borrowing Base Assets. The average occupancy of the Borrowing Base Assets (excluding the Borrowing Base Assets which are Development Assets), weighted based upon the number of beds comprising each Borrowing Base Asset, is % [and immediately following the Transaction will be ______%], which is equal to or greater than 80% as required by Section 5.04(b)(vi) of the Credit Agreement.
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Minimum Weighted Average Occupancy of Borrowing Base Assets. The average occupancy of the Borrowing Base Assets, weighted based upon the number of beds comprising each Borrowing Base Asset, is ___% [and immediately following the Transaction will be %], which is equal to or greater than 80% as required by Section 5.04(b)(vi) of the Credit Agreement.
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Samples: Security Agreement (Campus Crest Communities, Inc.)
Minimum Weighted Average Occupancy of Borrowing Base Assets. The average occupancy of the Borrowing Base Assets, weighted based upon the number of beds comprising each Borrowing Base Asset, is % [and immediately following the Transaction will be 87%], which is equal to or greater than 80% as required by Section 5.04(b)(vi) of the Credit Agreement.
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