Minimum Occupancy. All Buildings located on the Real Estate, collectively, shall at all times be at least eighty-five percent (85.0%) leased pursuant to arms-length leases to tenants that are not an Affiliate of Borrower and that are not in default under their leases.
Appears in 2 contracts
Sources: Credit Agreement (GTJ Reit, Inc.), Credit Agreement (GTJ Reit, Inc.)
Minimum Occupancy. All Buildings located on the Real Estate, collectively, shall at all times be at least eighty-five eighty percent (85.080.0%) leased pursuant to arms-length leases to tenants that are not an Affiliate of Borrower and that are not in default under their leases.
Appears in 1 contract
Sources: Credit Agreement (GTJ REIT, Inc.)