Real Property Under Construction definition
Real Property Under Construction means Real Property for which Commencement of Construction has occurred but construction of such Real Property is not substantially complete or has not yet reached Stabilization.
Real Property Under Construction means a BPR Property currently or previously under development until the earlier to occur of: (a) such BPR Property achieving an Occupancy Rate of 80.0% (or greater) of gross leaseable area and (b) the one-year anniversary of the completion of the development of such BPR Property.
Real Property Under Construction means a GGP Property currently or previously under development until the earlier to occur of: (a) such GGP Property achieving an Occupancy Rate of 80% (or greater) of gross leaseable area, and (b) the 1-year anniversary of the completion of the development of such GGP Property.
Examples of Real Property Under Construction in a sentence
Real Property Under Construction The Value of all Real Property Under Construction shall not, at any given time, exceed 15.0% of Value (including such Real Property Under Construction).
Real Property Under Construction The Value of all Real Property Under Construction shall not, at any given time, exceed 10% of total Value (including such Real Property Under Construction).
Property Under Construction shall not, at any given time, exceed 15% of total Value (including such Real Property Under Construction).
More Definitions of Real Property Under Construction
Real Property Under Construction means Real Property for which Commencement of Construction has occurred but construction of such Real
Real Property Under Construction means Real Property for which Commencement of Construction has occurred but construction of such Real