Tenant Notifications. The Borrower shall promptly notify the Administrative Agent upon obtaining knowledge of the bankruptcy or cessation of operations of any tenant to which greater than three and one half percent (3.5%) of the Borrower's share of annual base rent (as reported in the Borrower's most recent quarterly financial statements) is attributable to such tenant.
Appears in 5 contracts
Samples: Term Loan Agreement (Reckson Associates Realty Corp), Term Loan Agreement (Reckson Associates Realty Corp), Credit Agreement (Reckson Operating Partnership Lp)
Tenant Notifications. The Borrower shall promptly notify the Administrative Payment and Disbursement Agent upon obtaining knowledge of the bankruptcy or cessation of operations of any tenant to which greater than three and one half percent (3.5%) 3% of the Borrower's share of annual base consolidated minimum rent (as reported in the Borrower's most recent quarterly financial statements) is attributable to such tenantattributable.
Appears in 3 contracts
Samples: Credit Agreement (Simon Property Group L P /De/), Credit Agreement (Simon Debartolo Group Inc), Credit Agreement (Simon Property Group L P /De/)
Tenant Notifications. The Borrower shall promptly notify the Administrative Agent upon obtaining knowledge of the bankruptcy or cessation of operations of any tenant to which greater than three and one half percent (3.5%) 3% of the Borrower's share of annual base consolidated minimum rent (as reported in the Borrower's most recent quarterly financial statements) is attributable to such tenantattributable.
Appears in 2 contracts
Samples: Credit Agreement (SPG Realty Consultants Inc), Credit Agreement (Simon Property Group L P /De/)
Tenant Notifications. The Borrower shall promptly notify the Administrative Agent upon obtaining knowledge of the bankruptcy or cessation of operations of any tenant to which greater than three and one half percent (3.5%) 5% of the Borrower's and its Subsidiaries' share of annual base consolidated minimum rent (as reported in the Borrower's most recent quarterly financial statements) is attributable to such tenantattributable.
Appears in 2 contracts
Samples: Revolving Credit Agreement (Mills Corp), Revolving Credit Agreement (Mills Corp)
Tenant Notifications. The Borrower shall promptly notify the Administrative Agent upon obtaining knowledge of the bankruptcy or cessation of operations of any tenant to which greater than three and one half percent (3.5%) 2% of the Borrower's share of annual base consolidated minimum rent (as reported in the Borrower's most recent quarterly financial statements) is attributable to such tenantattributable.
Appears in 1 contract
