OCCUPANCY LEVEL. Occupancy shall be no more than allowed by applicable housing codes and zoning ordinances and shall be limited to the persons who have signed this lease or acquired legal rights of occupancy under it, and at the above rental rate shall be limited to not more than person(s). Number of legal bedrooms .
OCCUPANCY LEVEL. Landlord and Tenant acknowledge and agree that the Premises (as amended hereby) is designed for a maximum occupancy level of persons. Tenant therefore covenants and agrees that the number of persons occupying the Premises shall not exceed 287 persons or less, as may be required by applicable Law (the “Maximum Occupancy”), as of the applicable date the Premises are expanded by the terms of this First Amendment. If Landlord at any time reasonably determines that the Premises is being occupied in excess of the Maximum Occupancy on a day-to day basis, Landlord shall notify Tenant and Tenant shall have five business days to either (a) reduce the occupancy level to the Maximum Occupancy or less, or (b) notify Landlord of Tenant’s desire to lease additional space in the Building or elsewhere in the Property. If Landlord does not receive notice of Tenant’s desire to lease additional space in the Building or the Property within five business days after the date of Landlord’s notice of the violation of the maximum occupancy provision set forth in this Section 13, and if the Premises occupancy level remains in excess of the maximum allocation as of the fifth business day following the date of Landlord’s notice, such occupancy will automatically be deemed to be an Event of Default by Tenant and Landlord shall be entitled to exercise any and all remedies set forth in the Lease or at law or in equity by reason of such Event of Default. If Tenant selects option (b) above, subject to the availability of space in the Building or the Property, the parties shall in good faith negotiate a proposal to expand the Premises; the rent payable for such expansion space will be calculated using a Fair Market Rental Rate (as defined below), the maximum occupancy level of the expansion space will be 6.5 occupants per 1000 square feet, and the amount of parking made available at no additional cost to Tenant with respect to the expansion space shall be 5 parking spaces per 1000 square feet. If no space will be available in the Building or elsewhere in the Property within 30 days after Landlord’s receipt of Tenant’s request to lease additional space, or if Landlord and Tenant have not reached an agreement with respect to any available expansion space within 30 days after Landlord’s receipt of Tenant’s request to lease additional space, Tenant shall have an additional five days after such 30-day period to reduce the occupancy level of the Premises to the required maximum. Should Tenant fai...
OCCUPANCY LEVEL. The occupancy level shall not exceed applicable housing codes, shall be limited to not more than 6 persons, and shall further be limited to those who have signed this lease. XXXXXXXX has the right to exclude guest or others who in the LANDLORD sole judgment are in violation of the law. Guest are not allow to spend more than three (3) consecutive nights or more than seven (7) nights in any one month in the Apartment.
OCCUPANCY LEVEL. The occupancy level shall be established by LANDLORD and shall not exceed applicable housing codes, shall be limited to not more than persons, and shall further be limited to those who have signed this lease or are otherwise legally authorized occupants.
OCCUPANCY LEVEL. [Intentionally Deleted].
OCCUPANCY LEVEL. With respect to Real Estate at any time, the ratio, expressed as a percentage, of (a) the Net Rentable Area of such Real Estate actually leased by bona fide tenants who have taken possession of the leased premises that are not affiliated with the REIT or the Borrower, or leased by a property manager of such Real Estate (subject to the terms of the following sentence) pursuant to binding leases as to which no monetary default with respect to any regularly scheduled payments (such as base rent and scheduled payments of pass-through or other costs
OCCUPANCY LEVEL. With respect to Real Estate at any time, the ratio, expressed as a percentage, of (a) the Net Rentable Area of such Real Estate actually leased by bona fide tenants who have taken possession of the leased premises that are not affiliated with the REIT or the Borrower, or leased by a property manager of such Real Estate (subject to the terms of the following sentence) pursuant to binding leases as to which no monetary default with respect to any regularly scheduled payments (such as base rent and scheduled payments of pass-through or other costs reimbursements, but excluding payment for work orders, direct utility recovery and CAM reconciliations) has occurred and has continued unremedied for 60 or more days to (b) the aggregate Net Rentable Area of such Real Estate. The existing lease to the REIT for the REIT’s Louisville office, and any subsequent lease to the REIT of equal or lesser square footage for the same purpose will be considered a bona fide lease as will any space for 5,500 square feet or less of Net Rentable Area used by or leased to a property manager for providing property management services to any Real Estate owned by REIT, Borrower or their Subsidiaries.
OCCUPANCY LEVEL. Tenant acknowledges that Tenant's parking privileges hereunder are expressly limited to the parking spaces provided in Section 1.16 of the Summary and Tenant shall limit the occupancy of the Building so as to not utilize more than the number of parking spaces permitted in Section 1.16, unless Tenant implements measures reasonably satisfactory to Landlord (e.g., securing additional offsite parking, carpooling or rotational shifts) and satisfaction of the City to ensure that Tenant does not utilize more than its allotted parking spaces under Section 1.16.
OCCUPANCY LEVEL. Only the person(s) specifically listed in the application for this lease and any children, which may be born to or legally adopted by Xxxxxx during the term of the lease, shall occupy the premises.
OCCUPANCY LEVEL. Shall be set in accordance with applicable housing codes and shall be limited to the persons who have signed this lease or acquired legal rights of occupancy under it, and at the above rental rate shall be limited to not more than ( ) person(s).
