Major Tenant Lease definition

Major Tenant Lease means a Tenant Lease that demises more than 5,000 rentable square feet of a Borrowing Base Property.

Major Tenant Lease means a Tenant Lease that demises more than 5,000 rentable square feet of a Collateral Property.

Major Tenant Lease means any Tenant Lease demising 50,000 or more rentable square feet in any Secured Pool Property prior to the Collateral Release Event.

Examples of Major Tenant Lease in a sentence

Notwithstanding the foregoing, if a Major Tenant enters into Lease or modifies a Lease (including, without limitation, a sublease or an assignment) with respect to all or a portion of its rights under a Major Tenant Lease without obtaining Borrower’s prior consent pursuant to a right granted to such Major Tenant under such Major Tenant Lease, such action by Major Tenant shall not be deemed to violate this Agreement.
For sake of clarity, the foregoing shall not give Borrower and/or Major Tenant a right to modify or terminate a Major Tenant Lease without the prior written approval of Lender.
Lender acknowledges and agrees that Borrower’s obligations under Sections 3.4 and 3.6 of the Security Instrument shall, in each case, be subject to the rights and obligations of Major Tenant under the Major Tenant Lease.
Loans in this classification must have a well defined weakness or weak- nesses that jeopardize the payment in full of the debt.
From 1980 to 1988, VCs shifted from seed and early stage financing to later stage financing (25% of VC investments in 1980 were into seed and start-up which declined to 12.5%by 1988) where a large segment of VC funds were used in LBOs (leveraged buyouts).

Major Tenant Lease means (i) the Comenity Lease, and any replacement Lease that is acceptable to Lender pursuant to the terms of this Agreement, or (ii) any Lease which, either individually or when taken together with any other Lease with the same Tenant or any Affiliate of such Tenant, and assuming the exercise of all expansion rights and preferential rights to lease additional space contained in such Lease or Leases, (a) covers (or, after giving effect to any such proposed Lease, would cover) no less than 35% of the total rentable square footage at the Property or (b) requires (or, after giving effect to any such proposed Lease, would require) the payment of base rent that is no less than 35% of the total in-place base rent at the Property, in each case under clause (i) or (ii), as the same may be amended, restated, replaced, supplemented or otherwise modified from time to time in accordance with the terms and conditions of this Agreement.

Major Tenant Lease means any existing Lease or future Lease (i) having a net rentable area occupied or to be occupied thereunder, exceeding twenty percent (20%) of the net leasable area of the Improvements for any particular Individual Property and having a lease term, excluding renewal options, that exceeds ten (10) years; (ii) having a tenant that is an Affiliate of Borrower or Guarantor; (iii) that is to be used to satisfy the release of funds deposited with Lender or any agent of Lender or for other rental achievement purposes; or (iv) or with CUBExec as tenant.

Major Tenant Lease means any Tenant Lease demising 50,000 or more rentable square feet in any Borrowing Base Property.

Major Tenant Lease. Defined in Subsection 3.1(a).

Major Tenant Lease has the meaning set forth in the recitals to this Agreement, and includes all schedules and exhibits thereto.

Major Tenant Lease means any existing Lease or future Lease (i) having a net rentable area occupied or to be occupied thereunder exceeding 10,000 of the net leasable area of the Improvements; (ii) having a lease term, excluding renewal options, that exceeds seven (7) years; (iii) having a tenant that is an Affiliate of Borrower or a related entity of any Guarantor; (iv) that is to be used to satisfy the release of funds deposited with Lender or any agent of Lender or for other rental achievement purposes; or (v) with CVS, Equinox or Marshalls.