Minimum Occupancy Requirement definition

Minimum Occupancy Requirement means for an Eligible Project a minimum Resident Occupancy of (A) 50% by the sixth (6th) Operating Month, (B) 70% by the ninth (9th) Operating Month and (C) 85% by the twelfth (12th) Operating Month and thereafter.

Minimum Occupancy Requirement means for an Eligible Project a minimum Resident Occupancy for the particular type and model of Facility as set forth in Section 7.2.2 hereof.

Minimum Occupancy Requirement means Tenant, and/or an Affiliate(s) and/or a Person that is a Successor(s) to Tenant being in occupancy of at least thirty-three percent (33%) of the rentable square feet in the Premises.

Examples of Minimum Occupancy Requirement in a sentence

• Tenant shall be permitted to station a concierge in the lobby of the Building as contemplated by this Section 3.10 only during the period that the Minimum Demise Requirement is satisfied, the Minimum Occupancy Requirement is satisfied and the Initial Tenant Requirement is satisfied.

• So long as the Minimum Occupancy Requirement is satisfied, in the event of an increase in the assessment of the Property for Property Tax purposes, Tenant may request that Landlord appeal the increased assessment.

• Provided that the Property has not achieved the Minimum Occupancy Requirement at the Closing, the Buyer, as landlord, and the Seller, as tenant, will enter into a lease (the “Master Lease”) for certain apartment units contemplated by Section 9.01(g) of the Purchase Agreement (each, a “Master Leased Unit”) permitting the Seller to achieve the Minimum Occupancy Requirement and close on the sale of the Property.

• The Properties that are Borrowing Base Properties shall consist of Properties which, in the aggregate, satisfy the Aggregate Minimum Occupancy Requirement.

• At all times during which the Minimum Occupancy Requirement is met, Landlord shall not grant to any other tenant or occupant of the Office Building the right to install rooftop signage or signage on the façade of the Office Building other than in the location on the façade of the Office Building shown as the “Protected Signage Location” on Exhibit “DD”.

More Definitions of Minimum Occupancy Requirement

Minimum Occupancy Requirement means the requirement that Tenant (and/or an Affiliate of Tenant) together with any Special Occupants occupies at least eighty percent (80%) of the Rentable Area that is then demised by this Lease for the conduct of business.

Minimum Occupancy Requirement means for a Development Project including an Expansion Project shall have the meaning set forth in Section 7.2.2(d), for a Stabilized Project, "Minimum Resident Occupancy" for such Eligible Project shall mean 85% Resident Occupancy, measured on a quarterly basis and for an "Acquisition Project" shall have the meaning set forth in Section 7.2.2(e).

Minimum Occupancy Requirement means for a Facility with 77 units or fewer, a minimum Resident Occupancy of 50% by the ninth (9th) Operating Month, 70% by the twelfth (12th) Operating Month and 85% by the fifteenth (15th) Operating Month and thereafter and means for a Facility with 78 units or more, a minimum Resident Occupancy of 45% by the ninth (9th) Operating Month, 65% by the twelfth (12th) Operating Month, 80% by the fifteenth (15th) Operating Month and 85% by the eighteenth (18th) Operating Month and thereafter.

Minimum Occupancy Requirement means, for any Property, the aggregate occupancy level for the preceding calendar quarter of tenants in possession and paying rent (not more than sixty (60) days past due) and which are not otherwise in default under their respective leases was at least eighty percent (80%) of the aggregate rentable area within such Property.

Minimum Occupancy Requirement means the requirement that Tenant (or an Affiliate of Tenant) and/or any Special Occupants occupy at least the lesser of (x) seventy-five percent (75%) of the Rentable Area that is demised by this Lease and (y) 89,000 square feet of Rentable Area, for the conduct of business; provided, however, that (I) Tenant (or an Affiliate of Tenant) and/or any Special Occupants shall be deemed to be occupying the Premises (or the applicable portion thereof) during any period in which Tenant (or an Affiliate of Tenant) and/or any Special Occupants are unable to (and do not) occupy the Premises (or the applicable portion thereof) due to a fire, casualty or Unavoidable Delay; provided, that in respect of any such fire or other casualty, Tenant is proceeding with diligence to restore the Premises or the applicable portion thereof (except to the extent such restoration by Tenant is not reasonably practicable concurrently with any restoration that Landlord is obligated to perform pursuant to Section 15.2 hereof) and (II) the Minimum Occupancy Requirement shall be deemed satisfied (regardless of whether Tenant (or an Affiliate of Tenant) and/or any Special Occupants are in occupancy of the Premises for the conduct of business) prior to the second (2nd) anniversary of the Rent Commencement Date.

Minimum Occupancy Requirement is defined in Section 6.43.

Minimum Occupancy Requirement means for an Eligible Project with 77 units or fewer, a minimum Resident Occupancy of (A) 50% by the sixth (6th) Operating Month, (B) 70% by the ninth (9th) Operating Month and (C) 85% by the twelfth (12th) Operating Month and thereafter and means for an Eligible Project with 78 units or more, a minimum Resident Occupancy of (A) 50% by the sixth (6th) Operating Month, (B) 70% by the ninth (9th) Operating Month, (C) 80% by the twelfth (12th) Operating Month and (D) 85% by the fifteenth (15th) Operating Month and thereafter.