Occupancy Percentage definition

Occupancy Percentage means, as to each Building, a fraction, expressed as a percentage, the numerator of which is the Net Rentable Area of the Leased Premises in the Building at the time the determination is made, and the denominator of which is Net Rentable Area of the Building, all as set forth on Exhibit A hereto, as amended from time to time. The Occupancy Percentage for a Property shall be re re-calculated each time there is a change in the Net Rentable Area of the Leased Premises or the Building at such Property.

Occupancy Percentage means, as of any date, with respect to any Project or group of Projects, the percentage of the total rentable area of such Project or Projects that is then demised under a Lease to tenants who are not an Affiliate of the Borrower and who took initial occupancy of their demised spaces under such Leases (even if any such space is then vacant), but excluding from such calculation space demised to any tenant who is then an Excluded Tenant.

Occupancy Percentage means, as of any date, with respect to any Project or group of Projects, the percentage of the total rentable area of such Project or Projects that is then demised under a Lease to tenants who are not an Affiliate of the Parent Guarantor or the Company and who took initial occupancy of their demised spaces under such Leases (even if any such space is then vacant), but excluding from such calculation space demised to any tenant who is then an Excluded Tenant.

Examples of Occupancy Percentage in a sentence

• Units: Enter the number of residential units.Owner/Owner-Related Occupancy Percentage: Enter the percentage of residential units that the owner or other filer uses for his/her own residence.

• Units: Enter the number of commercial units.Owner/Owner-Related Occupancy Percentage: Enter the percentage of commercial square feet that the owner or other filer uses for his/her own business.

• Occupancy Percentage is calculated using the average beds available for the reporting period.

• If the PHA elects to use an average occupancy under this paragraph (a)(2), the PHA shall maintain a record of its computation of its Actual Occupancy Percentage.

• This amount is then multiplied by the Projected Occupancy Percentage for the Requested Budget Year.

• Occupancy Percentage for our unconsolidated joint venture Senior Housing – Managed portfolio was 68% for the trailing three-month period ending 3/31/2021.

• Occupancy Percentage represents the facilities’ average operating occupancy for the period indicated.

• Occupancy Percentage: Agency staff will determine this percentage.

• Occupancy Percentage and Skilled Mix (together, “Operating Statistics”) and EBITDARM Coverage for each period presented include only Stabilized Facilities owned by the Company as of the end of such period and only for the duration such facilities were owned by the Company and classified as Stabilized Facilities.

• Thereafter, the minimum occupancy percentage shall increase as indicted in the following table, up to a maximum of seventy-five percent (75%).Cost ReportPeriodRatePeriod% OccupancySFY 2022SFY 202360%SFY 2023SFY 202465%SFY 2024SFY 202570%SFY 2025SFY 202670%SFY 2026SFY 202775%& after& afterResident days at the minimum occupancy level are calculated as: Total Licensed Beds x Number of Days in the Period x Minimum Occupancy Percentage.

More Definitions of Occupancy Percentage

Occupancy Percentage means (i) the number of residential units comprising such Property which are occupied pursuant to written lease or rental agreements in accordance with the Borrower's customary business practice divided by (ii) the total number of units comprising such Property.

Occupancy Percentage as used in the Lease shall mean (i) 29.74%, during the period commencing on the Surrender Date and ending on May 31, 2004, inclusive; and (ii) 25.70%, effective as of June 1, 2004.

Occupancy Percentage as used in the Lease shall mean 20.71%.

Occupancy Percentage means the percentage calculated by dividing the Average Daily Census for a month by the total number of units for all of the Facilities.

Occupancy Percentage means, as of any date, with respect to any Project or group of Projects, the percentage of the total rentable area of such Project or Projects that is then demised

Occupancy Percentage means, as of any date, with respect to any Project or group of Projects, the percentage of the total rentable area of such Project or Projects that is then demised under a Lease to tenants who are not an Affiliate of the Borrower and who took initial occupancy of their demised spaces under such Leases (even if any such space is then vacant), but excluding from such calculation space demised to any tenant who is then either (i) the subject of a voluntary or involuntary proceeding for relief under the Bankruptcy Code or any state bankruptcy codes or insolvency laws, unless such tenant has assumed such Lease and provided adequate assurances of future performance, all as may be required in such proceeding, or (ii) more than sixty (60) days delinquent in the payment of any installment of base rent due under such tenant’s Lease.