Stabilized Occupancy definition

Stabilized Occupancy means percentage of stabilized portfolio properties (by count) that are occupied at the end of the period.

Stabilized Occupancy means the occupancy level that an income producing Property is expected to achieve after the property is exposed to the market for lease over a reasonable period of time and at comparable terms and conditions to other similar properties.

Stabilized Occupancy means, with respect to a Real Estate Asset under construction, the time when such Real Estate Asset has received a certificate of occupancy (or similar permit or approval).

Examples of Stabilized Occupancy in a sentence

• All projects shall establish and maintain, until the project has achieved a minimum of five (5) years of Stabilized Occupancy, an operating reserve equal to a minimum of six (6) months of projected operating expenses plus must-pay debt service payments and annual replacement reserve payments.

• Stabilized Occupancy: For purposes of the HTF, occupancy of at least 90 percent of the units in the property for a period of at least 90 days.

• Proceeds of the HOME loan may be released during construction subject to the requirements below or may be disbursed as a permanent loan only upon achievement of Stabilized Occupancy.

• The Letter of Credit will be in force from the first draw-down of County HOME funds and will be released by at the achievement of Stabilized Occupancy, receipt of an acceptable cost certification, and clearance of any monitoring findings related to the County’s review of records related to initial project development and lease-up.

• Stabilized Occupancy: For purposes of the HTF, occupancy of at least 90 percent (90%) of the units in the property for a period of at least 90 days.

More Definitions of Stabilized Occupancy

Stabilized Occupancy means Occupancy by Tenants accounting for 92% of the NRSF of the Project pursuant to Approved Leases.

Stabilized Occupancy has the meaning specified in the definition of “Gross Asset Value”.

Stabilized Occupancy means the point in time at which (x) ninety-five percent (95%) of the net rentable square footage of the FC Retail Unit has been leased to tenants pursuant to Approved Leases and said tenants are in possession of such space and have been paying rent for a period of three (3) months, and (y) ninety-five percent (95%) of the net rentable square footage of the FC Office Unit has been leased to tenants pursuant to Approved Leases and said tenants are in possession of such space and have been paying rent for a period of three (3) months.

Stabilized Occupancy means an average monthly occupancy for the Facility of at least ninety percent (90%) for three (3) consecutive months.

Stabilized Occupancy means open for business for at least six (6) months, with no less than seventy percent (70%) average occupancy during the most recent six (6) months.

Stabilized Occupancy means percentage of properties (by count) that are occupied at the end of the period divided by the total number of properties in the portfolio.

Stabilized Occupancy means that point in time when 85% or more of the Facility's licensed beds are sold for a consecutive two month period. The Letter of Credit shall be for an initial term of one year and shall be automatically renewed for successive terms of at least one year until the Letter of Credit is no longer required to be maintained as set forth herein.