Stabilization Date

Stabilization Date. Shall mean the first day of the month following the date on which any one of the following shall have occurred: (i) 93% occupancy in the operations of the Project at any point in time; (ii) 6 months after issuance of a certificate of occupancy for all of the apartments comprising the Project; or (iii) forty-two (42) months after the Initial Closing.

Stabilization Date. The meaning set forth in paragraph 5.h.ii