Maximum Tenant Concentration Clause Samples
Maximum Tenant Concentration. Borrower shall not permit any single tenant (or Affiliate thereof) to be a tenant at any property or properties of Borrower, Guarantors or their respective Subsidiaries (whether such property is owned, leased or is subject to a Mortgage Receivable, a Second Lien Mortgage Receivable or a Mezzanine Loan held by such Person), which assets contribute more than fifteen percent (15%) of the sum of (a) Consolidated Net Operating Income and (b) cash flow from all Mortgage Receivables, a Second Lien Mortgage Receivables and/or Mezzanine Loans held by Borrower, Guarantors and/or their respective Subsidiaries (for the purposes hereof, tenants shall not be considered Affiliates of each other solely by virtue of having common ownership by an equity fund provided that their financial results are not consolidated with a common parent entity).
Maximum Tenant Concentration. Any single Tenant (which for purposes of this covenant shall include all Affiliates of such Tenant) to account for more than 35.0% of the Borrowing Base NOI at any time.
Maximum Tenant Concentration. Borrower shall not permit any single tenant (or Affiliate thereof) to be a tenant at any property or properties of Borrower, Guarantors or their respective Subsidiaries (whether such property is owned, leased or is subject to a Mortgage Receivable held by such Person), which assets contribute more than twenty-five percent (25%) of Consolidated Total Asset Value (for the purposes hereof, tenants shall not be considered Affiliates of each other solely by virtue of having common ownership by an equity fund provided that their financial results are not consolidated with a common parent entity).
Maximum Tenant Concentration. Any single Tenant (which for purposes of this covenant shall include all Affiliates of such Tenant) to account for more than 35.0% of the Unencumbered Pool NOI at any time.