Minimum Occupancy definition

Minimum Occupancy means 85% of units at the Mortgaged Property with leases that comply with Section 5.11, Section 6.09(e)(v)(E), and Section 6.15.
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Minimum Occupancy means the minimum percentage of occupancy set forth on the Schedule of Financial Terms.
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Minimum Occupancy means the percentage of units at the Mortgaged Property set forth in Part B.6, Summary of Loan Terms with leases that comply with Section 5.11, Section 6.09(e)(v)(E), and Section 6.15. “MMP” means a moisture management plan to control water intrusion and prevent the development of Mold or moisture at the Mortgaged Property throughout the term of this Loan Agreement. The requirements for an MMP are set forth in Part B.5, Summary of Loan Terms. “Modified Non-Residential Lease” means an extension or modification of any Non-Residential Lease, which Non-Residential Lease was in existence as of the date of this Loan Agreement. “Mold” means mold, fungus, microbial contamination or pathogenic organisms. “Mortgaged Property” means all of Xxxxxxxx’s present and future right, title and interest in and to all of the following: (i) The Land, or, if Borrower’s interest in the Land is pursuant to a Ground Lease, the Ground Lease and the Leasehold Estate. (ii) The Improvements.
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Examples of Minimum Occupancy in a sentence

  • Alterations to such individual residential dwelling units in a timely manner until the Mortgaged Property satisfies the Minimum Occupancy requirement.

  • Alterations to such individual residential units in a timely manner until the Mortgaged Property satisfies the Minimum Occupancy requirement.

  • A Minimum Occupancy Charge must be factored into the Rental Assistance calculation.

  • Borrower must disclose in the Quarterly Certification any failure to achieve the Minimum Occupancy Target and/or the Minimum Unit Improvement Target.

  • There are no Minimum Occupancy Requirements for units in the Workforce Housing Program.

  • WiFi: Yes Phone Service: Yes Kitchen facilities: Yes Laundry facilities: Yes OCCUPANCY REQUIREMENTS FOR PROVIDED HOUSING Minimum Occupancy Per Room: 1 Maximum Occupancy Per Room: 4 Suggested Occupancy Per Room: 1-4 Rooming Arrangement Description: You can request to live with your friends but not guaranteed.

  • Section 102 Multiple Parcels RequirementsWhen a Property consists of non-contiguous multiple parcels, the multifamily units on each parcel must individually:comply with the minimum occupancy requirements in Part II, Chapter 1: Attributes and Characteristics, Section 105: Minimum Occupancy, orPart III, Chapter 9: Small Mortgage Loans, Section 903: Occupancy;be located in the same MSA; andhave an acceptable Property condition based on your site inspection and any PCA.

  • There is not a requalification requirement to meet Income, Asset and Minimum Occupancy for persons who have purchased and own an affordable-housing unit.

  • The status of Renters or Tenants of Town of Crested Butte Affordable Housing Units shall be reviewed and verified every two (2) years to ensure that they continue to meet the requirements of the Guidelines, including but not limited to: Minimum Occupancy, Income and Asset Requirements, and Employment.

  • Amounts deposited in the Minimum Occupancy Escrow Fund pursuant to paragraph 6(e) of the Deed of Trust shall be allocated to the Minimum Occupancy Escrow Sub-account.


More Definitions of Minimum Occupancy

Minimum Occupancy shall have the meaning set forth in Section 8.19 hereof. ABond(s)@ shall have the meaning set forth for such term in Section 8.05 hereof. ABond Ordinance@ shall mean the City ordinance authorizing the issuance of Bonds. ACertificate@ shall mean the Certificate of Completion of Rehabilitation described in
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Related to Minimum Occupancy

  • Transient occupancy means occupancy in transient lodging that has all of the following

  • Prior Occupancy means Owner’s use of all or parts of the Project before Substantial Completion, as more fully set forth in Section 6.08 A.

  • Child-occupied facility means a building or portion of a building constructed prior to 1978, visited regularly by the same child, age six years or younger on at least two different days within any week (Sunday through Saturday period), provided that each day’s visit lasts at least three hours and the combined weekly visit lasts at least six hours, and the combined annual visits last at least 60 hours. Child-occupied facilities may include, but are not limited to, day-care centers, preschools and kindergarten classrooms.

  • Certificate of Occupancy means a document issued by the Town certifying that the building or structure, or portion thereof, complies with the approved construction documents that have been submitted to, and approved by the Town, and indicating that the building or structure, or portion thereof, is in a condition suitable for occupancy.

  • bicycle parking space – occupant means an area that is equipped with a bicycle rack, locker or bicycle stacker for the purpose of parking and securing bicycles, and:

  • Owner-occupied means property that is the principal

  • Substantial Completion means the stage in the progress of the work as determined and certified by the Contracting Officer in writing to the Contractor, on which the work (or a portion designated by the Government) is sufficiently complete and satisfactory. Substantial completion means that the property may be occupied or used for the purpose for which it is intended, and only minor items such as touch-up, adjustments, and minor replacements or installations remain to be completed or corrected which:

  • Occupancy Date means the date on which occupancy of all Units in a Project is permitted;

  • Ready for Occupancy means the date upon which (i) the Leased Premises are available for Tenant's occupancy in a broom clean condition and (ii) the improvements, if any, to be made to the Leased Premises by Landlord as a condition to Tenant's obligation to accept possession of the Leased Premises have been substantially completed and the appropriate governmental building department (i.e., the City building department, if the Property is located within a City, or otherwise the County building department) shall have approved the construction of such improvements as substantially complete or is willing to so approve the construction of the improvements as substantially complete subject only to compliance with specified conditions which are the responsibility of Tenant to satisfy or is willing to allow Tenant to occupy subject to its receiving assurances that specified work will be completed.

  • Permitted Occupier means if used in the Agreement, any person who is licensed or permitted by the Landlord to reside at the Property together with the Tenant and who does so as a rent free licensee of the Tenant.

  • Landlord’s Work means the work of constructing the Tenant Improvements.

  • Date of occurrence in these Regulations means the date of contract signing, date of payment, dates of boards of directors resolutions, or other date that can confirm the counterparty and monetary amount of the transaction, whichever date is earlier.

  • Occupancy means the use or intended use of a building or part thereof for the shelter or support of persons, animals or property.

  • Occupancy Rate means, with respect to a Property at any time, the ratio, expressed as a percentage, of (a) the number of units in the case of an multifamily Property or square feet in the case of any other Property leased to tenants that are not affiliated with the Borrower pursuant to binding leases to (b) the aggregate number of units or square feet, as applicable, of such Property.

  • Landlord Work means the work, if any, that Landlord is obligated to perform in the Premises pursuant to a separate agreement (the “Work Letter”), if any, attached to this Lease as Exhibit C.

  • Substantial Completion Date means the date on which Substantial Completion occurs.

  • Building Square Footage or "BSF" means the square footage of assessable internal living space of a Unit, exclusive of any carports, walkways, garages, overhangs, patios, enclosed patios, detached accessory structure, other structures not used as living space, or any other square footage excluded under Government Code Section 65995 as determined by reference to the Building Permit for such Unit.

  • Tenant’s Work means all improvements, alterations, fixture, equipment, and signage installation, and furniture placement necessary or appropriate for the conduct of the Permitted Use, including all work described as Tenant’s Work on Exhibit D, attached (the “Work Letter”).

  • Sign area means the total surface area within the outer periphery of the said sign, and in the case of a sign comprised of individual letters or symbols, shall be calculated as the area of a rectangle enclosing the letters or symbols. Frames and structural members not bearing advertising matter shall not be included in computation of surface area.

  • Tenant Improvements Defined in Exhibit B, if any.

  • Storage Space means a space where goods of non-hazardous nature are stored and includes cold storage and banking safe vaults;

  • Tenant Improvement Work means the construction of the Tenant Improvements, together with any related work (including demolition) that is necessary to construct the Tenant Improvements.

  • Unoccupied means the dwelling is not being inhabited as a residence.

  • Square Footage means the total gross horizontal areas of all floors, including usable basement and cellars, below the roof and within the outer surface of the main walls of buildings (or the center lines of party walls separating such buildings or portions thereof) or within lines drawn parallel to and two feet within the roof line of any building or portion thereof without walls (which includes, notwithstanding paragraph 3 below, the square footage of all porches), and including pedestrian access walkways or corridors, but excluding the following:

  • Minimum Improvements means the acquisition of land and construction of a 152-unit market rate residential apartment building, construction of a stormwater pond and related improvements. The Minimum Improvements are more fully depicted in Exhibit B, which is attached hereto and incorporated herein.

  • Practice of occupational therapy means the therapeutic use of occupations for habilitation and