Common use of Maximum Revenue from Single Tenant Clause in Contracts

Maximum Revenue from Single Tenant. Permit the rent revenue (exclusive of tenant reimbursements) received from a single tenant during any quarter (as annualized), to exceed 7.5% of the Consolidated Operating Partnership's total rent revenue (as annualized) as of the last day of such quarter, except where the Consolidated Operating Partnership's noncompliance arises from a merger of tenants or other causes outside of the Consolidated Operating Partnership's control.

Appears in 4 contracts

Samples: Assignment Agreement (First Industrial Realty Trust Inc), Revolving Credit Agreement (First Industrial Realty Trust Inc), Revolving Credit Agreement (First Industrial Realty Trust Inc)

AutoNDA by SimpleDocs

Maximum Revenue from Single Tenant. Permit the rent revenue (exclusive of tenant reimbursements) received from a single tenant during any quarter (as annualized), to exceed 7.5% of the Consolidated Operating Partnership's ’s total rent revenue (as annualized) as of the last day of such quarter, except where the Consolidated Operating Partnership's ’s noncompliance arises from a merger of tenants or other causes outside of the Consolidated Operating Partnership's ’s control.

Appears in 3 contracts

Samples: Term Loan Agreement (First Industrial Realty Trust Inc), Unsecured Term Loan Agreement (First Industrial Realty Trust Inc), Credit Agreement (First Industrial Realty Trust Inc)

AutoNDA by SimpleDocs

Maximum Revenue from Single Tenant. Permit the rent revenue (exclusive of tenant reimbursements) received from a single tenant during any quarter (as annualized), to exceed 7.5% of the Consolidated Operating Partnership's total rent revenue (as annualized) as of the last day of such quarter, except where the Consolidated Operating PartnershipBorrower's noncompliance arises from a merger of tenants or other causes outside of the Consolidated Operating PartnershipBorrower's control.

Appears in 1 contract

Samples: Assignment Agreement (First Industrial Realty Trust Inc)

Time is Money Join Law Insider Premium to draft better contracts faster.