Majority Occupant means the Party that occupies 80 percent or more of the total Building square footage on the Effective Date of this Agreement. For purposes of this Agreement, the County is the Majority Occupant.
Majority Occupant means, with respect to any Property, the Party that has the majority of the employees occupying such Property in accordance with the definition of “Allocation Principle”.
Majority Occupant means, with respect to any Property, the Parent business unit or SpinCo, as applicable, that has the plurality or greater of the employees occupying such Property in accordance with the definition of “Allocation Principle”.
Examples of Majority Occupant in a sentence
With respect to any Colocation Site, if the Majority Occupant, in its sole discretion, elects not to perform the Demising Work, the Majority Occupant shall notify the Minority Occupant(s) of its election, and if both of Parent and SpinCo intend to continue occupying such Colocation Site, the Parties shall include the Colocation Site in the TSA for a maximum of twenty-four (24) months from the Distribution or such longer term as may be identified on the Exception Schedule.
More Definitions of Majority Occupant
Majority Occupant has the meaning ascribed to such term in the definition of the term “Allocation Principle.”