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 Xxxxx’x.
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 Xxxxx’x.
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
Rite Aid and its affiliatesExhibit "A" Excluded Tenants Please note that the terms “Seller” and “Buyer” are defined by the CA Civil Code to include a lessor and lessee, respectively.If you are the Seller’s Agent - you must deliver the form to the seller/lessor before entering into the listing agreement.
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.
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 (a) anchor tenant at one of the Projects, or (b) non anchor with a total square footage of greater than 15,000 square feet at one of the Projects, that either (i) is subject to a voluntary or involuntary petition for relief under any Debtor Relief Laws 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 or Fitch and Baa3 or above by Xxxxx’x.
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 Xxxxxx Crossing Subdivision Plan Revision No.1 recorded April 7, 2008 as Instrument No. 200804070007230 in Book 306 at Page 38 of the Xxxxxx 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 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 unless such lease has been assumed or affirmed in bankruptcy by or on behalf of such tenant 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 (or such tenant’s) then current long-term, unsecured debt obligations are rated BBB- or above by S&P and Baa3 or above by Xxxxx’x.
Excluded Tenants is defined in the definition of “Operating Income.”
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.
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 Mxxxx'x provided that, for purposes of calculating the Refinanceable Equity Ratio only, the term "Excluded Tenants" shall not include tenants under clause (ii) .