Multi-Tenant Property definition
Examples of Multi-Tenant Property in a sentence
Such Minimum Management Fee shall apply until such time as the leaseable space of the Multi-Tenant Property is at least fifty percent (50%) leased.
In the event a Multi-Tenant Property has less than fifty percent (50%) of its leaseable space leased to one or more tenants then an amount equal to four and one half percent (4.5%) multiplied by 44% of the average total lease rate as if one hundred percent (100%) of the lease space of the Multi-Tenant Property would be leased (the “Minimum Management Fee”) shall be paid as a Minimum Management Fee.
Manager shall duly and punctually comply with all the obligations of Owner under all leases with tenants of space in the Multi-Tenant Property, but solely on behalf of Owner and at Owner’s expense.
Except as specifically set forth ----------- --------------------- herein, this Sublease is subject to and subordinate to all of the terms and conditions of that certain STANDARD NNN LEASE - Multi-Tenant Property, dated July 8, 1998 by and between LIMAR REALTY CORP.
Manager’s compensation under this Section 4.A shall apply to all Leases, including renewals, extensions or expansions of Leases related to the Multi-Tenant Property.
The possession of the Property shall be delivered to Buyer subject to the rights of parties in possession of the Property, the Permitted Exceptions and Seller’s rights under the Multi-Tenant Property Leases and the Single Tenant Property Leases.
Promptly after written request by Borrower, Lender shall, at Borrower’s sole cost and expense, use commercially reasonable efforts to execute and deliver a non-disturbance and attornment agreement in form and substance reasonably acceptable to Lender with respect to any Multi-Tenant Property Lease entered into in accordance with this Section 4.14(a).
Manager shall secure Owner’s prior written approval before finalizing any lease for a Multi-Tenant Property that is not in compliance with the leasing plan set forth in the Annual Business Plan.
Promptly after written request by B▇▇▇▇▇▇▇, Lender shall, at B▇▇▇▇▇▇▇’s sole cost and expense, use commercially reasonable efforts to execute and deliver a non-disturbance and attornment agreement in form and substance reasonably acceptable to Lender with respect to any Multi-Tenant Property Lease entered into in accordance with this Section 4.14(a).
Manager hereby agrees to provide, at Owner’s request and as an operating expense, (i) evidence of Manager’s documented policies regarding “whistleblower” procedures and regarding the reporting of fraud or misstatements involving Multi-Tenant Property financial reporting, and (ii) access for the Owner to conduct such procedures as Owner reasonably considers necessary to make a determination that Manager has maintained an effective system of internal controls over financial reporting.