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Common use of Minimum Occupancy Clause in Contracts

Minimum Occupancy. At all times, the Borrower Parties will cause Qualified Assets in the Unencumbered Asset Pool to have an aggregate weighted occupancy of greater than 80%.

Appears in 3 contracts

Sources: Credit Agreement (Jones Lang LaSalle Income Property Trust, Inc.), Credit Agreement (Jones Lang LaSalle Income Property Trust, Inc.), Credit Agreement (Jones Lang LaSalle Income Property Trust, Inc.)

Related Clauses

  • Maximum Occupancy
  • Early Occupancy
  • NUMBER OF OCCUPANTS
  • Certificate of Occupancy
  • PARTIAL OCCUPANCY OR USE

Parent Clauses

  • FINANCIAL COVENANTS
  • NEGATIVE COVENANTS
  • Certain Financial Covenants
  • Borrowers Agreements
  • Borrowers Further Covenant and Agree as Follows

Sub-Clauses

  • Pool Composition
  • Portfolio Minimum Occupancy
  • Minimum Occupancy
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