Eligible Sublease means a direct sublease:
Eligible Sublease shall have the meaning assigned to such term in Section 8.7.1.
Eligible Sublease means a Sublease entered into by and between Tenant and a Subtenant consistent with the terms of this Article VIII, and which (i) demises a portion(s) of the Leased Premises containing either (x) a full floor of the Building (i.e., all the Leasable Area on a floor of the Building), or (y) not less than 5,000 RSF of Net Rentable Area (in the aggregate), and (ii) has a term of at least five (5) years.
Examples of Eligible Sublease in a sentence
Landlord shall, within thirty (30) days after Tenant’s written request, accompanied by an executed counterpart of an Eligible Sublease (as hereinafter defined), deliver to Tenant and the subtenant under an Eligible Sublease (herein called an “Eligible Subtenant”) a non-disturbance agreement (herein called a “Landlord’s Non-Disturbance Agreement”) on Landlord’s standard form.
The Society encourages all Eligible Sublease holders to delegate a Registered Sublease Voterfor their respective sublease property and for that delegated voter to vote in order to achieve a full turnout of the 351 voters for the Lease Vote.
All other Eligible Sublease Voters of the sublease property will be asked to identify and delegate one Registered Sublease Voter to vote on their behalf, who will have to be confirmed and added to the Registered Sublease Voters’ List by the Returning Officer.
The Society encourages all Eligible Sublease Voters to designate a Registered Sublease Voter for their respective sublease property in order to achieve a full turnout of the 351 voters for the Lease Vote.
More Definitions of Eligible Sublease
Eligible Sublease means any sublease entered into by Original Tenant as sublandlord which (A) demises full floor(s) of the Premises, (B) has an initial sublease term (i.e. not including any renewals) of at least five (5) years, (C) demises subleased premises which are either contiguous to leasable space in the Building other than the Premises or are either the highest or lowest floors which are part of the Premises, and (D) demises subleased premises to a subtenant with a net worth and creditworthiness computed in accordance with GAAP reasonably acceptable to Landlord and Landlord’s Mortgagee and/or Overlandlord.
Eligible Sublease means a direct sublease which (A) is between Tenant and a subtenant which is not an Affiliate of Tenant, and as of the execution of the Eligible Sublease, has a financial condition reasonably satisfactory to Landlord taking into account the obligations in question (it being agreed that the financial condition of a subtenant shall be deemed satisfactory if such subtenant has a net worth, computed in accordance with GAAP consistently applied, equal to or greater than the annual Fixed Rent and Additional Rent then payable by Tenant on account of the portion of the Premises demised under the Eligible Sublease (without giving effect to any free rent or rent abatement) as the same may be increased pursuant to Section 5.06(a)(i) multiplied by fifteen (15), (B) demises at least one (1) full floor of the Premises, and (C) has an initial sublease term (i.e., not including any renewals) of at least five (5) years (or, if less than five (5) years remain in the Term, the remaining balance of the Term less one day).
Eligible Sublease means a direct sublease which (A) is between Tenant and a subtenant which is not an Affiliate of Tenant, and, as of the execution of the Eligible Sublease, has a net worth, computed in accordance with GAAP, equal to or greater than the product of the annual Fixed Rent and Recurring Additional Charges then payable by Tenant on account of the portion of the Premises demised under the Eligible Sublease (without giving effect to any free rent or rent abatement) multiplied by 17.5, (B) demises at least one or more full floor(s) of the Premises of contiguous space beginning with (and which must include) the highest or lowest full floors of the Premises (it being agreed that any partial floor(s) of the Premises and any Amenity Floor shall be disregarded for purposes of determining the highest or lowest floors of the Premises), (C) if a Landlord Non-Disturbance Agreement has theretofore been delivered by Landlord with respect to an Eligible Sublease which is then in effect, (x) demises at least one (1) or more full floors of the Premises which are contiguous to each other and contiguous to the floors demised pursuant to such existing Eligible Sublease (it being agreed that any Amenity Floor shall be disregarded for purposes of determining whether such Eligible Subleases are contiguous to each other and contiguous to the floors demised pursuant to such existing Eligible Sublease) and (y) has a term which ends on the same day as the Eligible Sublease in question (and without any renewal or extension option which might result in such term ending on a different day) and (D) has an initial sublease term (i.e., not including any renewals) of at least 5 years (or, if less than 5 years remain in the Term, the remaining balance of the Term less one day).
Eligible Sublease as defined in Section 14.3(b)(i).
Eligible Sublease means a direct sublease which (A) is between Tenant and a subtenant which is not an Affiliate of Tenant, and, as of the execution of the Eligible Sublease, has a financial condition reasonably satisfactory to Landlord taking into account the obligations in question; it being agreed that the financial condition of a subtenant shall be deemed satisfactory if such subtenant has a net worth, computed in accordance with generally accepted accounting principles consistently applied (“GAAP”), equal to or greater than the annual Fixed Rent and Additional Rent then payable by Tenant on account of the portion of the Premises demised under the Eligible Sublease (without giving effect to any free rent or rent abatement) as the same may be increased pursuant to Section 5.06(a)(i) multiplied by 30, (B) demises at least one full floor or more of the Premises which includes either the highest or lowest floor of the Premises or is contiguous to a floor in respect of which a Landlord’s Non-Disturbance Agreement is in effect, then leased by Tenant, and (C) has an initial sublease term (i.e., not including any renewals) of at least 5 years (or, if less than 5 years remain in the Term, the remaining balance of the Term less one day).
Eligible Sublease means a direct sublease between Tenant and an Eligible Subtenant demising the entire Premises Area for an initial sublease term (i.e., not including any renewals) ending the date next preceding the Expiration Date.
Eligible Sublease means a Sublease on usual and customary terms meeting the following conditions: