Occupancy Rate. As of the Closing Date, the occupancy rate of the Project shall be no less than 95% (based on the aggregate rentable square footage with respect to such Project) and taking into account the Contributor’s obligations for the NOI Deficit as provided for in Section 10.1 as rent on occupied space.
Appears in 2 contracts
Sources: Contribution Agreement, Contribution Agreement (Talon Real Estate Holding Corp.)