Project Stabilization definition

Project Stabilization means issuance of a final certificate of occupancy for the Project and ninety percent (90%) of the Project's units under arm's length executed leases for at least sixty (60) days. “Property.” That certain property located in Raleigh, North Carolina which is more particularly described in Exhibit B attached hereto and incorporated herein upon which the Borrower intends to develop the Project.
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Project Stabilization means the occurrence in the Project of ninety-five (95) percent occupancy for ninety (90) consecutive days.
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Project Stabilization means completion of construction of the Project and the Project is at least 90% leased up by third party tenants. “Property.” That certain property located in Atlanta, Georgia which is more particularly described in Exhibit B attached hereto and incorporated herein upon which the Borrower intends to develop the Project.
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Examples of Project Stabilization in a sentence

  • After Project Stabilization, the Operating Reserve Account may be used to pay operating costs and expenses to the extent the collected gross receipts are insufficient for such purpose.

  • Additionally, per the local hire program (Article 9) of the Project Stabilization Agreement, only Local Area Residents shall be utilized as apprentices on the project.

  • The Local Hire Program (LHP) - Article 9 of the Project Stabilization Agreement (PSA), has established goals for the hiring and retention of Local Area Residents.

  • In the case of either Member, to any Person provided (i) such Transfer is made after the Project Stabilization Date, (ii) such Transfer is for the transferring Member's entire Interest in the Company, and (iii) the transferring Member fully complies with the provisions of Exhibit "H." Any such Permitted Transferee shall receive and hold such ownership interest or portion thereof subject to the terms of this Agreement and to the obligations hereunder of the transferor.

  • This project is subject to the Project Stabilization Agreement (PSA) adopted by the Board of Education on July 28, 2009.

  • All disputes relating to the interpretation or application of the Project Stabilization Agreement shall be subject to resolution by the Joint Administrative Committee and the grievance arbitration procedure set forth in Article 13.

  • The Xxxxxx-Las Positas Community College District Board of Trustees has approved a Project Stabilization Agreement (PSA) for this project.

  • LAUSD further discloses that the Project shall be required to comply with LAUSD’s Project Stabilization Agreement and the CHPS program, and Developer may be required to temporarily cease Construction until Developer establishes compliance with the Project Stabilization Agreement and the CHPS program.

  • Following Project Stabilization, Owner may provide monthly or quarterly financial and occupancy reporting.

  • Funds held and invested in the Project Stabilization Fund shall be reported monthly to the individual participating members.


More Definitions of Project Stabilization

Project Stabilization means the date that the Project achieves ninety-three percent (93%) occupancy with tenants paying rent for one hundred twenty (120) days.
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Project Stabilization means the Project is at least 90% leased up by third party tenants. “Property.” That certain property located in Durham, North Carolina which is more particularly described in Exhibit B attached hereto and incorporated herein upon which the Project is located.
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Project Stabilization. With respect to a Project, the earlier of (i) such time as at least 90 percent of the net rentable area in such Project is occupied by rent-paying tenants and (ii) the twelve month anniversary of the date of Substantial Completion of such Project.
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Project Stabilization means the date that the Project has achieved 95% physical rental occupancy.
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Project Stabilization means the date upon which the Property has achieved and maintained 95% physical occupancy of apartments (including models and marketing and management occupancy) continuously over any ninety (90) day time period. This agreement not to contest shall not apply if the Project is subject to a casualty, condemnation or similar unanticipated circumstances. If there is a change in the manner in which real estate taxes are assessed, the parties will work together to address the situation in an equitable manner.
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Related to Project Stabilization

  • Crisis stabilization means a service lasting less than 24 hours (23.59 hours), to or on behalf of a beneficiary for a condition that required more timely response than a regularly scheduled visit. Service activities include but are not limited to one or more of the following: Assessment, collateral, and therapy. Crisis Stabilization is distinguished from crisis intervention by being delivered by providers who meet the Crisis Stabilization contract, site, and staffing requirements described in Sections 1840.338 and 1840.348 of CCR, Title 9.

  • Crisis stabilization unit means a short-term facility or a

  • Stabilization means providing adequate measures, vegetative and/or structural, that will prevent erosion from occurring.

  • Post-Stabilization Care means Medically Neces- sary services received after the treating physician determines the emergency medical condition is stabilized.

  • Final Stabilization means that all soil disturbing activities at the site have been complete, and that a uniform perennial vegetative cover with a density of 70% of the cover for unpaved areas and areas not covered by permanent structures has been established or equivalent permanent stabilization measures (such as the use of riprap, gabions, or geotextiles) have been employed.

  • Mobilization means establishment of sufficiently adequate infrastructure by the CONTRACTOR at "SITE" comprising of construction equipments, aids, tools tackles including setting of site offices with facilities such as power, water, communication etc. establishing manpower organisation comprising of Resident Engineers, Supervising personnel and an adequate strength of skilled, semi-skilled and un-skilled workers, who with the so established infrastructure shall be in a position to commence execution of work at site(s), in accordance with the agreed Time Schedule of Completion of Work. "MOBILISATION" shall be considered to have been achieved, if the CONTRACTOR is able to establish infrastructure as per Time Schedule, where so warranted in accordance with agreed schedule of work implementation to the satisfaction of ENGINEER-IN-CHARGE/ EMPLOYER.

  • Project means the goods or Services described in the Signature Document or a Work Order of this Contract.

  • Project Water means water made available for delivery to the contractors by project conservation facilities and the transportation facilities included in the System.

  • Projects means the projects identified in Exhibit A to the Agreement and all other projects, any costs of which are included in a Transitional Capital Plan pursuant to the Act or are Recovery Costs, and financed, by payment or reimbursement, with the proceeds of Bonds or Notes.

  • Development means any man-made change to improved or unimproved real estate, including, but not limited to, buildings or other structures, mining, dredging, filling, grading, paving, excavation or drilling operations, or storage of equipment or materials.

  • Project Highway means the Site comprising the existing road {, proposed bypasses and tunnels} forming part of [NH-** from km ** to km **] and all Project Assets, and its subsequent development and augmentation in accordance with this Agreement;

  • Stabilize means to provide medical treatment of the condition as may be necessary to assure, with reasonable medical probability, that no material deterioration of the condition is likely to result from or occur during the transfer of the individual from a facility, or, with respect to a pregnant woman who is having contractions, when there is inadequate time to safely transfer her to another hospital before delivery (or the transfer may pose a threat to the health or safety of the woman or un- born child), “Stabilize” means to deliver (includ- ing the placenta).

  • Stormwater management planning area means the geographic area for which a stormwater management planning agency is authorized to prepare stormwater management plans, or a specific portion of that area identified in a stormwater management plan prepared by that agency.

  • Green building strategies means those strategies that minimize the impact of development on the environment, and enhance the health, safety and well-being of residents by producing durable, low-maintenance, resource-efficient housing while making optimum use of existing infrastructure and community services.

  • Redevelopment means areas where development is replacing older development.

  • Rate Stabilization Fund means the Rate Stabilization Fund created under the Program Resolution.

  • Project Staff means the personnel of Contractor and Subcontractors who provide the Work.

  • Infrastructure project means any activity related to the construction, alteration, maintenance, or repair of infrastructure in the United States regardless of whether infrastructure is the primary purpose of the project. See also paragraphs (c) and (d) of 2 C.F.R. 184.4.

  • Project Start Date means the first Milestone Start Date specified in Schedule B;

  • Infrastructure means infrastructure serving the County and improved or unimproved real estate and personal property, including machinery and equipment, used in the operation of the Project, within the meaning of Section 4-29-68 of the Code.

  • Outdoor cultivation means the cultivation of mature cannabis without the use of artificial lighting or light deprivation in the canopy area at any point in time. Artificial lighting is permissible only to maintain immature plants outside the canopy area.

  • Project Scope means the description or activity of work to be accomplished on the project.

  • Project Services means architectural, engineering services, land surveying, construction management at-risk services, ancillary technical services or other construction-related services determined by the board to be required by the project.

  • Stormwater management means the programs to maintain quality and quantity of stormwater runoff to pre-development levels.

  • Commissioning means the process for determining the need for and for obtaining the supply of healthcare and related services by the Trust within available resources.

  • municipal spatial development framework means a municipal spatial development framework adopted by the Municipality in terms of Chapter 5 of the Municipal Systems Act;