Examples of Occupancy Requirement in a sentence
If the Initial Occupancy Requirement is not met, a fee of 5% of the abated taxes shall be made payable to the City for the noncomplying year.
Section 3.4 of the Agreement for Services for the Business Incubator and Accelerator as a reasonable estimate of Landlord’s difficult to quantify losses and not a penalty for Tenant’s failure to comply with its Minimum Sublease Occupancy Requirement obligation.
If Company fails to meet the Minimum Room Occupancy Requirements set forth in section 3.4, then up to 15% of the Annual Payment due in that year shall be reduced by 10% for each percentage point below the Minimum Room Occupancy Requirement.
If Developer does not meet the Annual Occupancy Requirement for two consecutive quarters in a calendar year, the Developer shall pay Fifty Cents ($0.50) per month per square foot that the deficiency was vacant.
Section 3.4 of the Agreement for Services for the Business Incubator and Accelerator as a reasonable estimate of Xxxxxxxx’s difficult to quantify losses and not a penalty for Tenant’s failure to comply with its Minimum Sublease Occupancy Requirement obligation.