Stabilized Occupancy definition

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

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedSchedule a Demo

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

• After Stabilized Occupancy (as defined below), the Operating Reserve Account may be used to pay the operating costs and expenses to the extent the collected gross receipts are insufficient for such purpose.

• Transfers outside of the EU may be made where: the Commission has decided that a third country, a territory or one or more specific sectors in the third country, or an international organisation ensures an adequate level of protection.

• In the event that any controversy shall arise between the parties hereto regarding the determination whether the Facility has reached Stabilized Occupancy, which controversy the parties are unable to settle by agreement, such controversy shall be determined by arbitration to be initiated and conducted as provided in Exhibit C hereto.

• In the event that Optionee makes an earlier determination that the Facility has reached Stabilized Occupancy from review of the occupancy reports received pursuant to Section 4.10 hereinbelow, Optionee shall deliver written notice of the same to Optionor.

• Upon confirmation by the City Manager that Stabilized Occupancy has been received, the City Manager will cause the account maintained for the Capital Recovery Note to reflect the credit described in the foregoing portion of this paragraph; such credit shall thereupon be deemed applicable without necessity of re-executing the Capital Recovery Note.

More Definitions of Stabilized Occupancy

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 occupancy of all four (4) of the Units for three (3) consecutive months.

Stabilized Occupancy shall be defined as the date upon which the Project has achieved all of the following benchmarks:

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

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

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.