Minority Occupant definition

Minority Occupant has the meaning ascribed to such term in the definition of the term “Allocation Principle.”
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Minority Occupant means the Party that occupies 20 percent or less of the total Building square footage on the Effective Date of this Agreement. For purposes of this Agreement, the AOC is the Minority Occupant.
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Minority Occupant means, with respect to any Property, each of the Parent business units and SpinCo that is not the Majority Occupant of such Property.
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Examples of Minority Occupant in a sentence

  • The Majority Occupant will be responsible for the moving expenses of the Minority Occupant at the fair market rate.

  • The Majority Occupant has elected to exercise its right to require the Minority Occupant to vacate the Building under section of the Act and has given the Minority Occupant reasonable notice of its election to so exercise.3.2 Compensation.

  • The Compensation for the Equity Purchase is,which amount will be paid by the Majority Occupant to the Minority Occupant [in a lump sum on the earlier of (1) the date that the Minority Occupant actually vacates the Building, or (2) the date on which the Grant Deed is recorded in connection with the transfer of title under the Transfer Agreement.] OR [describe].3.3 Relocation Costs.

  • In no event will the Majority Occupant be responsible for any costs incurred by the Minority Occupant in searching for, identifying, leasing, purchasing, improving, furnishing, or otherwise preparing for occupancy the Minority Occupant’s alternate premises, including without limitation, any brokerage commissions, fees, closing costs, tenant improvement costs, or consultant’s fees.

  • The terms ofthis section 3.3 will survive the consummation of the Equity Purchase until, 200- [Note: This should be the same date as the deadline for vacation of the Real Property by the Minority Occupant set forth in section 4.3 below].3.4 Rights and Responsibilities.


More Definitions of Minority Occupant

Minority Occupant means, with respect to any Property, the Party that is not the Majority Occupant of such Property.
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Related to Minority Occupant

  • 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.

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

  • Owner-occupied means property that is the principal

  • 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.

  • Occupant means any person or persons over the age of eighteen years in possession of the property.

  • 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:

  • Authorized occupant means a person entitled to occupy a dwelling unit with the consent of the

  • 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.

  • Own Occupation means your occupation that you were performing when your Disability or Partial Disability began. For the purposes of determining Disability under this plan, Liberty will consider your occupation as it is normally performed in the national economy.

  • Major Tenant means a tenant of a Loan Party under a lease of Property which entitles it to occupy 15,000 square feet or more of the net rentable area of such Property.

  • the Tenant means the party(ies) named on the tenancy agreement as the tenant of The Property.

  • Building Area means the greatest horizontal area of a building within the outside surface of the exterior walls.

  • Tenant Party means any of the following persons: Tenant; any assignees claiming by, through, or under Tenant; any subtenants claiming by, through, or under Tenant; and any of their respective agents, contractors, employees, licensees, guests and invitees.

  • Concession Area means particulars of the area as more particularly described in Form A of West Bengal Minor Minerals (Auction) Rules, 2016.

  • Regulated occupation means an occupation in which a person is licensed, certified, or registered by one (1) of the following:

  • Prospective tenant means a tenant or a person who has

  • Leased space means a self−service storage unit or a space located within a self−service storage facility that a lessee is enti- tled to use for the storage of personal property on a self−service basis pursuant to a rental agreement and that is not rented or pro- vided to the lessee in conjunction with property for residential use by the lessee.

  • Grave space means a space of ground in a cemetery that is used or intended to be used for an in-ground burial.

  • Rentable Area of the Premises The amount of square footage set forth in Section 1.01(10).

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

  • domestic premises means any premises used wholly or partly as a dwelling or intended for such use;

  • mixed-use building means a building or structure containing a residential and non- residential use other than a home occupation;

  • Sublessee means any party to whom Lessee grants the right to possess all or any portion of the Premises according to a Sublease.

  • Tenant means a person entitled under a rental agreement to occupy a dwelling unit to the exclusion of others.

  • Modular building means, but shall not be limited to, single and multifamily houses, apartment

  • the Premises means the building or part of the building booked and referred to in the contract