Average Occupancy Rate. 1. The Occupancy Rate of each Borrowing Base Property is set forth [above or on the attached Schedule] and the weighted average (based on Borrowing Base Value) Occupancy Rate of all Borrowing Base Properties is ____%. ___________% 2. Line C1 shall not be less than 70% 3. The Borrower is in compliance (circle yes or no) yes/no
Appears in 2 contracts
Sources: Credit Agreement (Umh Properties, Inc.), Credit Agreement (Umh Properties, Inc.)
Average Occupancy Rate. 1. The Occupancy Rate of each Borrowing Base Property is set forth [above or on the attached Schedule] and the weighted average (based on Borrowing Base Value) Occupancy Rate of all Borrowing Base Properties is ____%. ___________%
2. Line C1 shall not be less than 70%
3. The Borrower is in compliance (circle yes or no) yes/no
Appears in 1 contract
Average Occupancy Rate. 1. The Occupancy Rate of each Borrowing Base Eligible Property is set forth [above or on the attached Schedule] and the weighted average (based on Borrowing Base Value) Occupancy Rate of all Borrowing Base Eligible Properties is ____%. ___________%
2. Line C1 shall not be less than 70%
3. The Borrower is in compliance (circle yes or no) yes/no
Appears in 1 contract