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 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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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.

  • 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.

  • Following such removal, addition or substitution, Borrower Parties shall remain in compliance with the Unencumbered Pool Leverage Ratio, the Minimum Unencumbered Debt Service Coverage Ratio, the Minimum Qualified Assets and the Minimum Occupancy covenants set forth in Section 6.12.

  • Landlord shall provide exterior window washing services for the exterior windows of the Building at least three (3) times per year; however, Landlord may reduce such exterior window washing services to two (2) times per year at any time after the date the Original Tenant and/or a Qualified Transferee fails to satisfy the Minimum Occupancy Threshold.

  • Contemporaneously with Developer’s requisition for its annual disbursement under the City Note, Developer shall deliver to DPD an occupancy progress report (“Occupancy Report”) detailing compliance with the Average Minimum Occupancy requirement for the 12-month period beginning January 1 of the preceding year.

  • If at any time during the Term of this Lease the Qualified Tenant shall fail to satisfy the Minimum Occupancy Requirement, then Tenant shall no longer have any signage rights pursuant to this Section 11.2 and this Section 11.2 shall thereafter be deemed deleted in its entirety and of no further force and effect (even if Tenant shall again thereafter satisfy the Minimum Occupancy Requirement).

  • Provided Developer has cured all Occupancy Defaults, Developer shall continue to deliver Occupancy Reports and maintain the Average Minimum Occupancy after the 10th anniversary of the issuance of the Certificate for the number of years for which Developer did not maintain the Average Minimum Occupancy.


More Definitions of Minimum Occupancy

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 ▇▇▇▇▇▇▇▇’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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Related to Minimum Occupancy

  • Maximum Occupancy means the maximum number of occupants permitted on the Premises;

  • Single Room Occupancy or “SRO” means housing consisting of single room dwelling units that is the primary residence of its occupant or occupants. An SRO does not include facilities for students.

  • 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.