Major Lease. A Lease of (i) 100,000 square feet or more of the gross leasable area of a Building which is used primarily for industrial or warehouse purposes or (ii) 25,000 square feet or more of the gross leasable area of a Building which is used primarily for office purposes, and any guaranty of the tenant's obligations under any such Lease. Major Tenants. As to any Major Lease, those tenants that are parties to that Major Lease and any guarantors of those tenants' obligations thereunder. Material Adverse Effect. A material adverse effect on (i) any of the Mortgaged Properties, (ii) the business, results of operations or financial condition of the Borrower and the Related Companies taken as a whole, (iii) the ability of the Borrower, the Company or any Guarantor to perform its obligations under the Loan Documents, or (iv) the validity or enforceability of any of the Loan Documents or the remedies or material rights of the Agent or the Lenders thereunder.
Major Lease. In the event a Mortgaged Property is subject to a Major Lease to one Tenant, the Borrower shall have furnished to the Agent an executed Lease for such Mortgaged Property which shall have a remaining term (excluding optional extension or renewal periods) acceptable to the Lenders and shall be in a form and content reasonably acceptable to the Lenders in all other respects, including rental amounts payable thereunder. Such Lease or a separate document from the Tenant which is party thereto shall include the agreement of such Tenant to subordinate its interest thereunder to any first mortgage or deed of trust on such Mortgaged Property upon the request of the mortgagee or the beneficiary thereunder (a "Mortgagee") and to attorn to such Mortgagee or any purchaser of such Mortgaged Property at a foreclosure sale or a sale made under any power of sale or pursuant to a deed in lieu of foreclosure, provided such Mortgagee agrees to reasonable non-disturbance provisions if the Tenant under such Lease is not in default beyond any applicable cure period thereunder. The Borrower shall use reasonable efforts to attempt to obtain the following provisions in such Major Lease or separate document:
Major Lease. For any Collateral Property, a Lease with a Major Tenant.
Major Lease. Without the prior written consent of Administrative Agent and the Required Lenders, (a) the entering into of a Major Lease, (b) the termination or acceptance of a surrender of a Major Lease, (c) the modification of any Major Lease in violation of the terms of this Agreement, or (d) if landlord’s consent is required pursuant to the terms of a Major Lease, Borrower consents to any assignment or sublease of a Major Lease.
Major Lease. (i) with respect to the Property identified as Centennial Gateway on Schedule C attached hereto, any of the following: (A) that certain Lease by and between Centennial Borrower, as landlord, and Sportsman Warehouse, a Utah corpration, as tenant, dated June 27, 2011, as has been and may hereafter be amended, restated, supplemented or otherwise modified from time to time in accordance with this Agreement, and (B) that certain Lease by and between Centennial Borrower, as landlord, and 24 Hour Fitness USA, Inc., a California corporation as tenant, dated December 3, 2007, as has been and may hereafter be amended, restated, supplemented or otherwise modified from time to time in accordance with this Agreement.
Major Lease. The term “
Major Lease. 6, 9, 12 Make-Whole Premium ................................................ 9
Major Lease. A Lease pursuant to which the tenant thereunder leases forty percent (40%) or more of the Net Rentable Area of either a Mortgaged Property or the Eligible Real Estate securing a Borrowing Base Loan, as the context requires. For purposes of determining whether a Lease is a Major Lease, Leases to the applicable tenant or any Affiliate thereof shall be aggregated.
Major Lease. A default or Event of Default occurs under the Major ----------- Lease and remains uncured beyond any grace or cure period provided therein.
Major Lease. (i) that certain Lease Agreement dated as of December 1, 2003 between LBA-VIF Utah, LLC (Borrower's predecessor in interest), as landlord, and Unisys Item Processing Services, L.L.C., as tenant (the "UNISYS LEASE") and (ii) that certain Lease Agreement dated as of March 15, 2004 between LBA-VIF Utah, LLC (Borrower's predecessor in interest), as landlord, and Northrop Grumman Space & Mission Systems Corp., as tenant.
