Common use of Minimum Occupancy Clause in Contracts

Minimum Occupancy. The aggregate Occupancy Ratio of the Pool Properties must equal or exceed 80%.

Appears in 2 contracts

Sources: Credit Agreement (City Office REIT, Inc.), Credit Agreement (City Office REIT, Inc.)

Minimum Occupancy. The aggregate Occupancy Ratio of the Pool Properties must equal or exceed 80%, based solely on tenants in place and paying rent.

Appears in 1 contract

Sources: Credit Agreement (City Office REIT, Inc.)