Stabilized Occupancy definition

Stabilized Occupancy means percentage of stabilized portfolio properties (by count) that are occupied at the end of the period.

Stabilized Occupancy means, with respect to a Real Estate Asset under construction, the time when such Real Estate Asset has received a certificate of occupancy (or similar permit or approval).

Stabilized Occupancy means the occupancy level that an income producing Property is expected to achieve after the property is exposed to the market for lease over a reasonable period of time and at comparable terms and conditions to other similar properties.

Examples of Stabilized Occupancy in a sentence

• Upon confirmation by the City Manager that Stabilized Occupancy has been received, the City Manager will cause the account maintained for the Capital Recovery Note to reflect the credit described in the foregoing portion of this paragraph; such credit shall thereupon be deemed applicable without necessity of re-executing the Capital Recovery Note.

• Upon the achievement of Stabilized Occupancy in conformity with this Agreement (including the requirement of occupancy of households of the appropriate income category paying rent that is not greater than Affordable Rent), the sum of Forty Thousand Dollars ($40,000.00), to reflect a developer fee, will be applied as a one-time credit against the outstanding principal amounts under the Capital Recovery Note (as to which a credit of $40,000 will be applied).

• The Participant will promptly inform the City that it is achieved Stabilized Occupancy in a writing referencing this Section 4.15 and requesting application of the foregoing credit and will provide evidence establishing such circumstance to the reasonable satisfaction of the City Manager.

More Definitions of Stabilized Occupancy

Stabilized Occupancy means Occupancy by Tenants accounting for 92% of the NRSF of the Project pursuant to Approved Leases.

Stabilized Occupancy means an average monthly occupancy for the Facility of at least ninety percent (90%) for three (3) consecutive months.

Stabilized Occupancy has the meaning specified in the definition of “Gross Asset Value”.

Stabilized Occupancy means the point in time at which (x) ninety-five percent (95%) of the net rentable square footage of the FC Retail Unit has been leased to tenants pursuant to Approved Leases and said tenants are in possession of such space and have been paying rent for a period of three (3) months, and (y) ninety-five percent (95%) of the net rentable square footage of the FC Office Unit has been leased to tenants pursuant to Approved Leases and said tenants are in possession of such space and have been paying rent for a period of three (3) months.

Stabilized Occupancy means occupancy of all four (4) of the Units for three (3) consecutive months.

Stabilized Occupancy means open for business for at least six (6) months, with no less than seventy percent (70%) average occupancy during the most recent six (6) months.

Stabilized Occupancy means that point in time when 85% or more of the Facility's licensed beds are sold for a consecutive two month period. The Letter of Credit shall be for an initial term of one year and shall be automatically renewed for successive terms of at least one year until the Letter of Credit is no longer required to be maintained as set forth herein.