Lease-Up Allowance definition

Lease-Up Allowance means the sum set forth on the Approved Budget, which sum shall be used to assist Developer in paying rent due Owner under the Facility Lease during the initial 18 months of operation of the Project.
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Lease-Up Allowance has the meaning set forth in Section 5.11.
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Examples of Lease-Up Allowance in a sentence

  • The "Lease-Up Allowance" on the Approved Budget shall be included within the Estimated Completion Amount pursuant to Section 5.10.