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 completion of construction of the Project and the Project at least is 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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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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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.

  • 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.

  • 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.

  • 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.

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

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

  • On July 28, 2009, and as subsequently amended, the San Diego Unified School District’s Board of Education approved a Project Stabilization Agreement (“PSA”), under which the Work of this Contract falls.

  • 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.

  • A copy of the Project Stabilization Agreement may be viewed and downloaded at ▇▇▇.▇▇▇▇▇.net.

  • 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.


More Definitions of Project Stabilization

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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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 means the date that the Project has achieved 95% physical rental occupancy.
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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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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 land disturbing construction activities at the construction site have been completed and that a uniform perennial vegetative cover has been established with a density of at least 70 percent of the cover for the unpaved areas and areas not covered by permanent structures or that employ equivalent permanent stabilization measures.