Approved Tenant definition
Approved Tenant means a tenant holding under a lease or tenancy agreement entered into at any time with the prior written approval of a company;
Approved Tenant means OfficeMax, Merchants Tire, Walgreens, an Investment Grade Tenant which the Bank approves in its sole discretion and any other retail tenant approved by Bank in its sole discretion. The approval by Bank of an Investment Grade Tenant or any other retail tenant as an Approved Tenant for a Project shall not be deemed an approval of such party as an Approved Tenant for any other Project.
Approved Tenant means an assignee or sublessee who (i) has a minimum net worth of not less than Ten Million Dollars ($10,000,000.00) at the time of assignment or subletting; and (ii) operates not less than four (4) full service restaurants or ten (10) fast food or "quick serve" restaurant concepts which are Approved Concepts. For purposes of this Lease, the term "Approved Concept" shall mean a restaurant concept which (i) is listed in the "Top 200 Restaurant Chains" as ranked in the most recently published edition of the Nation's Restaurant News or similar publication selected by Landlord at the time of such assignment; (ii) is an approved restaurant concept by Landlord according to Landlord's then current underwriting and credit guidelines; and (iii) does not violate Landlord's then current concentration requirements. Notwithstanding the foregoing, Tenant shall have the right (subject to Landlord's prior written approval, which approval shall not be unreasonably withheld) to sublet (but not assign) the Premises to any entity operating a full service, sit-down restaurant concept with not more than fifty percent (50%) of its gross sales derived from the sale of liquor, provided: (i) Tenant sublets the Premises within the first ten (10) Lease Years (after which period this right shall automatically terminate); (ii) the total number of such sublettings by Tenant (inclusive of the Premises) does not exceed two (2) for those properties identified on Exhibit "A" attached hereto; and (iii) the use of the Premises is not "Noxious or Offensive," as hereinafter defined. "Noxious or Offensive" shall be defined to mean a dance hall, off-track betting business, billiard or pool hall, bingo parlor, massage parlor, video game arcade, blood bank, night club, or adult book or adult video store (which are defined as stores in which any part of the inventory is not available for sale or rental to children under eighteen (18) years old, because such inventory explicitly deals with or depicts human sexuality). No assignment or subletting shall operate to release Tenant from its obligations under the Lease unless Tenant is specifically released by virtue of a separate written instrument executed by Landlord, which may be withheld in Landlord's sole discretion. Landlord's consent is not required for Tenant to assign this Lease or sublet the Premises to any entity which (i) is Tenant's parent organization, (ii) is any corporation a majority of whose voting stock is owned, directly or indirectly,...
Examples of Approved Tenant in a sentence
The Final Working Drawings shall be approved by Landlord (the "Approved Tenant Improvement Plans") prior to the commencement of construction of the Tenant Improvements by Tenant.
To the extent that the cost of the Approved Tenant Lobby Finishes are less than the allowances set forth on Exhibit B-1 relative thereto, Tenant shall not be entitled to any credit nor shall Tenant be entitled to apply any such savings against the other costs of the Tenant Improvement Work.
Tenant shall have the right, in accordance herewith, to submit for Landlord's approval change proposals subsequent to the completion of the Approved Tenant Improvement Construction Documents (each, a "Tenant Improvement Work Change Proposal").
As used in this Lease, Tenant Improvements includes all improvements to the Building which are described in the Approved Tenant Improvement Plans.
Tenant shall perform all work set forth in the Approved Tenant Improvement Construction Documents (as defined below) necessary to prepare the Premises for Tenant's use and occupancy (such work being hereinafter called the "Tenant Improvement Work").
More Definitions of Approved Tenant
Approved Tenant means OfficeMax, Inc. and any other tenant approved by Bank in its sole discretion.
Approved Tenant means a tenant who at all times maintains a Minimum Required Tenant Credit Rating or who is otherwise acceptable to the Requisite Lenders in their sole and absolute discretion.
Approved Tenant means during the first ten (10) years after the initial occupancy of the commercial space, any tenant that engages in Retail Approved Purposes. AAvailable Incremental Taxes@ shall mean an amount equal to ninety percent (90%) of the Incremental Taxes deposited in the ▇▇▇▇▇ ▇▇▇▇▇▇ & Kedzie Avenue Business District Redevelopment Project Area TIF Fund attributable to the taxes levied on the Property commencing the year following the issuance of the Certificate, as adjusted to reflect the amount of the City Fee described in Section 4.05(b) hereof.
Approved Tenant means a grocery retailer whom the CC is satisfied (a) is independent of, and unconnected to, the Tesco Group; (b) has the incentive, the financial resources and the expertise to operate a grocery retail store from the Site that would compete effectively in Slough and in particular with the Tesco store at Brunel Way, Slough, so as to remedy the SLC or to remedy the SLC as far as possible; (c) is free from or capable of addressing any competition concerns arising as a result of its operation of a grocery retail store from the Site; and (d) will obtain all necessary approvals and consents (which, for the avoidance of doubt, excludes any necessary planning permission);
Approved Tenant means a Tenant under a Borrowing Base Lease who has been approved by the Administrative Agent in its discretion and, to the extent required under the applicable Borrowing Base Lease and requested by the Administrative Agent, with respect to whom the Administrative Agent has received and continues to receive such financial and other information (including annual statements) as it has requested and with respect to whom no event has occurred that reasonably could be expected to have a Material Adverse Effect. "As Completed Appraised Value" as to any Borrowing Base Property that includes Development Property, shall mean, as of any date, the value of such Borrowing Base Property reflected in the Appraisal thereof (prepared on an "as completed" basis).
Approved Tenant means OfficeMax, Inc. and any other tenant set forth on SCHEDULE I attached hereto.
Approved Tenant means for Suites AIOI/AI03 and B112, a Tenant under a Lease on terms wholly acceptable to Lender, having a net effective Rent, as determined by Lender in its sole discretion, of $180,000 per annum and a term, excluding renewal options, of ten (10) years.