Landlord Affiliate Sample Clauses
The "Landlord Affiliate" clause defines which entities or individuals are considered affiliates of the landlord for the purposes of the agreement. Typically, this includes companies that control, are controlled by, or are under common control with the landlord, such as parent companies, subsidiaries, or sister companies. By clearly identifying who qualifies as a landlord affiliate, the clause ensures that rights, obligations, or restrictions in the lease that reference affiliates are applied consistently and without ambiguity, thereby preventing disputes over the scope of the landlord's network covered by the agreement.
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Landlord Affiliate. Landlord Affiliate" shall mean any corporation, limited liability company, partnership, trust or other entity (a) at least 51% of the outstanding stock, membership interest, partnership interest or beneficial interest of which is directly or indirectly owned by Landlord, (b) which directly or indirectly owns at least 51% of the outstanding stock, membership interest, partnership interest or beneficial interest of Landlord, (c) at least 51% of the outstanding stock, membership interest, partnership interest or beneficial interest of which is directly or indirectly owned by a third corporation, limited liability company, partnership, trust or other entity which also directly or indirectly owns at least 51% of the outstanding stock, membership interest, partnership interest or beneficial interest of Landlord or (d) at least 51% of the outstanding stock, membership interest, partnership interest or beneficial interest of which is directly or indirectly owned collectively by stockholders, members, partners or beneficiaries who also directly or indirectly own collectively at least 51% of the outstanding stock, membership interest, partnership interest or beneficial interest of Landlord. Without limiting the foregoing, the Parties acknowledge that Waterford Development Corp., a Massachusetts corporation, is a Landlord Affiliate with respect to the Landlord named in the preamble of this Lease.
Landlord Affiliate. An entity which Controls, is Controlled by, or is under common Control with Landlord.
Landlord Affiliate. Landlord Affiliate" shall mean any Entity which controls is controlled by or is under the common control of SGA Development Partnership, Ltd., or The Staubach Company, a Texas corporation.
Landlord Affiliate. Section 13.3