Tenant Mix Clause Samples
A Tenant Mix clause defines the types or categories of tenants that a landlord may allow within a commercial property or shopping center. It typically sets guidelines or restrictions to ensure a balanced variety of businesses, such as limiting the number of similar retailers or prohibiting certain uses that could conflict with existing tenants. This clause helps maintain a diverse and complementary tenant environment, which can enhance the property's appeal and prevent direct competition among tenants, ultimately supporting the success of all businesses within the premises.
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Tenant Mix. The parties acknowledge that Developer has provided the Authority on June 23, 2005, with an updated report of the Preliminary List of Project Tenants (the “List of Project Tenants”) and an updated analysis of the Proposed Uses and Tenant Mix for the project (the “Tenant Mix”), a copy of which is attached hereto as Exhibit F. By executing this amendment, the Authority accepts that updated report, and finds the List of Project Tenants and Tenant Mix to be consistent with the anticipated tenant mix proposed by the Developer in the Response to the Request for Proposals (“RFP”) issued by the Authority in June 2002, and finds it to meet the Authority’s objectives as set forth in the RFP to expand and improve the product mix at the Meadowlands Sports Complex in a manner that supports, enhances and complements existing uses. The Authority further finds and determines that the List of Project Tenants confirms that the proposed retail uses at Meadowlands Xanadu, both traditional retail and non-traditional retail, will be related to, incidental to, necessary for, and complementary to both the other Components of the Meadowlands Xanadu Project and the Meadowlands Sports Complex as a whole, including Giants Stadium, the Meadowlands Racetrack, and Continental Airlines Arena. The parties further recognize and agree that Developer will of necessity have to make further modifications of the List of Project Tenants and Tenant Mix as the project moves forward. The Developer shall further update the List of Project Tenants on a quarterly basis as leases are signed with additional tenants. The List of Project Tenants shall define the type and character of the Entertainment/Retail Component until such time as the Developer submits a Final List of Project Tenants, which shall be acceptable to NJSEA unless it constitutes a material change from the List of Project Tenants. Material changes to the List of Project Tenants shall require the approval of the Authority, pursuant to the provisions of Section 6.2 of the Redevelopment Agreement.
Tenant Mix. For those situations within the control of Lessor and subsequent to the date of execution of this Lease by all parties, Lessor agrees to refrain from leasing any other premises within the building for the purpose of an arcade, amusement center, or other similar use. If for any reason whatsoever this prohibition shall be deemed a violation of any federal or state statutes, it shall be null and void without force or effect, and the remainder of this Lease shall continue in full force or effect to its scheduled conclusion. In the event Lessor is required by Lessee to defend this provision, then and in that event, Lessee shall pay to Lessor expenses, costs, attorney fees, fines, judgments, or penalties in connection therewith and as may be incurred by or assessed against Lessor. ALL PARTIES ARE ADVISED AND ENCOURAGED BY BROKER TO CONTACT HIS OR HER ATTORNEY AS TO ANY QUESTIONS THAT MAY EXIST PRIOR TO THE EXECUTION OF THIS DOCUMENT. No warranties, recommendations, or representations are made by broker as to the accuracy, the legal sufficiency, legal effect, or tax consequences of the above referenced document.