Examples of Anchor Tenant in a sentence
Borrower shall deliver to Lender an estoppel letter executed by Anchor Tenant in form reasonably acceptable to Lender.
The Anchor Tenant Lease is in full force and effect and to Borrower’s knowledge after inquiry, there are no defaults thereunder by either party and there are no conditions that, with the passage of time or the giving of notice, or both, would constitute defaults thereunder.
Anchor Tenant means tenants with area of at least 700 square meters.
Upon notice from Lender following: (a) an Event of Default; or (b) the failure of Borrower to make necessary Replacements and otherwise maintain the Property to Lender’s satisfaction, or the failure of Anchor Tenant to maintain the Property as required pursuant to the Anchor Tenant Lease, as applicable, Borrower shall begin to deposit the Replacement Reserve Monthly Deposit into the Replacement Reserve Fund beginning on the Payment Date (as defined herein) immediately following the date of such notice.
Notwithstanding anything to the contrary in this Section 7.3, Borrower shall not be required to make Replacement Reserve Monthly Deposits, provided that: (i) no Event of Default shall have occurred; and (ii) either (A) Borrower makes all necessary Replacements and otherwise maintains the Property to Lender’s satisfaction, or (B) Anchor Tenant maintains the Property as required pursuant to the Anchor Tenant Lease.