Lease-Up Date: definition

Lease-Up Date: means the date on which the Facility is occupied by its first tenant/occupant. “Lessee”: means [Insert name], a [Insert State] [Insert business entity type].
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Lease-Up Date: shall have the meaning set forth in Section 2.2(f).
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Examples of Lease-Up Date: in a sentence

  • There would be no Earn-Out Purchase Price since the Lease-Up Date has occurred.

  • Assume that prior to the Lease-Up Date an additional 10% of the rentable area of the property has become Rent Paying Space producing additional Annualized Net Operating Income of $1,620,000; and that the amount of additional leasing costs incurred by reason of leasing such additional Rent Paying Space is $5,000,000.

  • Unless Lender determines that the Lease-Up Requirements have been satisfied prior to the Required Lease-Up Date, Lender will be entitled to apply the Lease-Up Credit Enhancement to make a Lease-Up Prepayment and, to the extent any Lease-Up Credit Enhancement remains after the Lease-Up Prepayment is made, to pay the Lease-Up Prepayment Charge, all in accordance with Section 4.10.

  • Unless Lender determines that the Lease-Up Requirements have been satisfied prior to the Required Lease-Up Date, Borrower must pay to Lender within 5 days after ▇▇▇▇▇▇’s demand the Lease-Up Prepayment and the Lease-Up Prepayment Charge, which demand may be made by Lender at any time on or after the Required Lease-Up Date.