Common use of Occupancy of the Project Clause in Contracts

Occupancy of the Project. Achieve and maintain occupancy of the Project after Substantial Completion, as established to Agent's satisfaction, at not less than the following scheduled levels measured at the end of such period: Quarter 2 following Substantial Completion: 43.75% Quarter 3 following Substantial Completion: 55.13% Quarter 4 following Substantial Completion: 65.63% Quarter 5 following Substantial Completion: 76.13% Quarter 6 following Substantial Completion: 83.13% Quarters 7-10 following Substantial Completion: 83.13%