Common use of Unencumbered Pool Occupancy Rate Clause in Contracts

Unencumbered Pool Occupancy Rate. The weighted average Occupancy Rate of all Unencumbered Pool Properties, excluding Construction-In-Process Properties and Renovation Properties, taken as a whole, to be less than 80.0% as of the end of each fiscal quarter.

Unencumbered Pool Occupancy Rate. The weighted average Occupancy Rate of all Unencumbered Pool Properties, excluding Construction-In-Process Properties and Renovation Properties, taken as a whole, to be less than 80.0% as of the end of each fiscal quarter.

Unencumbered Pool Occupancy Rate. The weighted average Occupancy Rate of all “Unencumbered Pool Properties” (as such term is defined under the Line of Credit Agreement), excluding Construction-In-Process Properties and Renovation Properties, taken as a whole, to be less than 80.0% as of the end of each fiscal quarter.