Excluded Tenants definition

Excluded Tenants means, as of any date, any anchor tenant or non-anchor with a total square footage of greater than 15,000 square feet at one of the Projects that either (a) is subject to a voluntary or involuntary petition for relief under any Debtor Relief Laws or (b) is not operating its business in its demised premises at such Project, unless such tenant’s lease obligations are guaranteed by an entity whose then current long-term, unsecured debt obligations are rated BBB- or above by S&P and Baa3 or above by ▇▇▇▇▇’▇.

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Excluded Tenants means, as of any date, any tenant at one of the Projects that either (i) is subject to a voluntary or involuntary petition for relief under any federal or state bankruptcy codes or insolvency law or (ii) is not operating its business in its demised premises at such Project, unless such tenant’s lease obligations are guaranteed by an entity whose then current long-term, unsecured debt obligations are rated BBB-- or above by S&P and Baa3 or above by ▇▇▇▇▇’▇.

Excluded Tenants means, as of any date, any tenant leasing more than 15,000 square feet of gross leaseable area at one of the Projects pursuant to a lease that has more than twelve (12) month remaining on its then applicable term, that either (a) is subject to a voluntary or involuntary petition for relief under any federal or state bankruptcy codes or insolvency law unless either (x) such lease is assumed in bankruptcy by or on behalf of such tenant or (y) all or a material portion of the gross leasable area that is the subject of such lease, is then also the subject of a new or replacement lease with a tenant that intends to take occupancy of the applicable space when available or (b) is not operating its business in its demised premises at such Project unless such non-operating tenant is, or such non-operating tenant’s lease obligations are guaranteed by an entity whose then current long-term, unsecured debt obligations are rated BBB- or above by S&P and Baa3 or above by Moody’s.

Examples of Excluded Tenants in a sentence

• No Commission shall be paid to Broker with respect to any tenant who is an Excluded Tenant (see Exhibit C for a list of Excluded Tenants); however, after the expiration of one hundred eighty (180) days from the date of this Agreement, such Excluded Tenants shall not be excluded from future lease transactions that are executed from and after the expiration of such one hundred eighty day period.

• Subject to the terms of Section 29.14 of the Lease, Landlord is prohibited from entering into a direct lease of space and from consenting to a "Transfer," as that term is defined in Section 14.1 of the Lease, to "Tenant Competitors," as that term is defined in Section 29.14 of the Lease, and to "Excluded Tenants," as that term is defined in Section 29.14 of the Lease.

• If Contributor satisfies the above requirement, but (despite its good faith and diligent efforts) has been unable to obtain all of the remaining Estoppel Certificate(s) from any Tenants (other than the Excluded Tenants), then Contributor's representations set forth in this Agreement with respect to the leases of such Tenant(s) shall survive the Closing, subject to the terms of the last paragraph of Section 7.1 hereof.

• In the event that any updating of a schedule or document to be delivered at the Closing (e.g., rent roll) causes a representation or warranty of Contributor set forth in this Agreement to become untrue or incorrect in any material fashion from the information set forth on such schedule or document on the Effective Date (other than with respect to the Excluded Tenants (defined below) or The Casual Male, Inc.), this condition precedent shall be deemed not to have been satisfied.

• Tenant's under existing leases at the Shopping Center as of the date hereof not subject to the aforementioned restrictions are set forth on Exhibit "F" attached hereto and hereby made a part hereof (the "Excluded Tenants").

More Definitions of Excluded Tenants

Excluded Tenants means, as of any date, (i) any anchor tenant or (ii) any non-anchor tenant leasing more than 15,000 square feet of gross leaseable area at one of the Projects that, in either case, either (a) is subject to a voluntary or involuntary petition for relief under any federal or state bankruptcy codes or insolvency law or (b) is not operating its business in its demised premises at such Project unless such non-operating tenant’s lease obligations are guaranteed by an entity whose then current long-term, unsecured debt obligations are rated BBB- or above by S&P and Baa3 or above by Moody’s.

Excluded Tenants means, as of any date, any tenant leasing more than 25,000 square feet of gross leasable area at one of the Projects that is subject to a voluntary or involuntary petition for relief under any federal or state bankruptcy codes or insolvency law unless such tenant’s lease obligations are guaranteed by an entity whose then current long-term, unsecured debt obligations are rated BBB- or above by S&P or Baa3 or above by Moody’s.

Excluded Tenants means all tenants of the Shopping Center whose leases were executed prior to the date of this Lease. *Shopping Center = Outlot 1 (Lot No. 1R of the ▇▇▇▇▇▇ Crossing Subdivision Plan Revision No.1 recorded April 7, 2008 as Instrument No. 200804070007230 in Book 306 at Page 38 of the ▇▇▇▇▇▇ County Record of Plats). SHOE SENSATION, INC. D.B.A. “SHOE SENSATION” (01-17-2019)

Excluded Tenants means, as of any date, any tenant leasing more than 15,000 square feet of gross leaseable area at one of the Projects pursuant to a lease that has more than twelve (12) month remaining on its then applicable term, that either (a) is subject to a voluntary or involuntary petition for relief under any federal or state bankruptcy codes or insolvency law unless either (x) such lease is assumed in bankruptcy by or on behalf of such tenant or (y) all or a material portion of the gross leasable area that is the subject of

Excluded Tenants means, as of any date, any tenant at one of the Projects that either (i) is subject to a voluntary or involuntary petition for relief under any federal or state bankruptcy codes or insolvency law or (ii) is not operating its business in its demised premises at such Project, unless such tenant's lease obligations are guaranteed by an entity whose then current long-term, unsecured debt obligations are rated BBB-- or above by S&P and Baa3 or above by M▇▇▇▇'▇ provided that, for purposes of calculating the Refinanceable Equity Ratio only, the term "Excluded Tenants" shall not include tenants under clause (ii) .

Excluded Tenants means, as of any date, any tenant leasing more than 25,000 square feet of gross leasable area at one of the Projects that is subject to a voluntary or involuntary petition for relief under any federal or state bankruptcy codes or insolvency law unless such

Excluded Tenants means the following Tenants in the Shopping Center commonly known as The Family Center at Fort Union located in Midvale, Utah: (a) Quiznos; (b) Wingers; and (c) Fort Union Dry Cleaners.