Replacement Tenants definition

Replacement Tenants means any Persons (as defined in Article 25) to whom Landlord relets the Premises or any portion thereof pursuant to this Article.

Replacement Tenants means any individual, trust, partnership, company, joint venture, association, corporation, or any other entity to whom Landlord relets the Premises or any portion thereof pursuant to this Section 19.2.2. 19.3

Replacement Tenants means any person or entity to whom Landlord re-lets the Premises or any portion thereof pursuant to this Article provided that if such person is an affiliate of Landlord or such re-letting is not an arm’s-length transaction, rent with respect to such lease shall be deemed the greater of: (a) the rent actually paid by such person; or (b) the current market rate for the applicable space.

Examples of Replacement Tenants in a sentence

• To the fullest extent permitted by Law, all rent and other consideration paid by any Replacement Tenants shall be applied: first, to the Costs of Re-Letting, second, to the payment of any Rent theretofore accrued, and the residue, if any, shall be held by Landlord and applied to the payment of other obligations of Tenant to Landlord as the same become due (with any remaining residue to be retained by Landlord).

• Net Re-Letting Proceeds" shall mean the total amount of rent and other consideration paid by any Replacement Tenants, less all Costs of Re-Letting, during a given period of time.

• Net Re-Letting Proceeds" shall mean the total amount of rent and other consideration actually paid by any Replacement Tenants, less all Costs of Re-Letting, during a given period of time.

• To the fullest extent permitted by Law, all rent and other consideration paid by any Replacement Tenants shall be applied: first, to the Costs of Re-Letting second, to the payment of any Rent theretofore accrued, and the residue, if any, shall be held by Landlord and applied to the payment of other obligations of Tenant to Landlord as the same become due (with any remaining residue to be retained by Landlord).

• To the fullest extent permitted by Law, all rent and other consideration paid by any Replacement Tenants shall be applied: first, to the Costs of Re-Letting, second, to the payment of any Rent theretofore accrued, and the residue, if any, shall be held by Landlord and applied to the payment of other obligations of Tenant to Landlord as the same become due (with any remaining residue, after full discharge of Tenant's obligations, to be retained by Landlord).

More Definitions of Replacement Tenants

Replacement Tenants means any individual, trust, partnership, company, joint venture, association, corporation, or any other entity to whom Landlord relets the Premises or any portion thereof pursuant to this Section 19.2.2. Landlord shall have all available remedies provided to Landlord as lessor under this Lease in accordance with applicable Arizona law.

Replacement Tenants shall have the meaning assigned thereto in subsection 3.3(i).

Replacement Tenants means any persons not affiliated with Landlord to whom Landlord re-lets the Premises or any portion thereof pursuant to this Article. “Default Rate” shall mean the lower of (i) the sum of (x) the rate per annum equal to the rate of interest announced from time to time by BankOne, N.A., or its successor, as its corporate prime or base rate of interest (such rate to change from time to time as and when such corporate prime or base rate changes) (the “Prime Rate”) plus (y) four percent (4%), or (ii) the highest rate permitted by applicable Law.

Replacement Tenants shall have the meaning specified therefore in Section 23.5.

Replacement Tenants means any persons not affiliated with Landlord to whom Landlord re-lets the Premises or any portion thereof pursuant to this Article. “Default Rate” shall mean the lower of (i) the sum of (x) the rate per annum equal to the rate of interest announced from time to time by Bank One, N.A., or its successor (and if no successor so exists, then such other major national bank as reasonably selected by Landlord), as its prime rate of interest (such rate to change from time to time as and when such prime rate changes) (the “Prime Rate”), and if there be more than one such rate, then for purposes hereof, the highest rate shall be applicable, plus (y) three percent (3%), and (ii) the highest rate permitted by applicable Law.

Replacement Tenants means any person(s) or entity to whom Landlord relets the Premises or any portion thereof pursuant to this Section. “Unamortized Leasehold Improvement Costs” shall mean the sum of (i) the amount of any allowance or credit given by Landlord to Tenant for the initial improvement of the Premises, (ii) the cost to Landlord of purchasing, fabricating, and installing all improvements that were installed on the Premises by Landlord pursuant to this Lease prior to or after the beginning of the Term, and (iii) interest thereon at the Interest Rate for the Term, and multiplying such total by a fraction, the numerator of which is the number of months of the Term not yet elapsed on the date the Term is terminated or Tenant’s right to possession is terminated, as the case may be, and the denominator of which is the total number of months of the portion of the Term (excluding any renewal terms) during which Rent is payable.

Replacement Tenants. Defined in paragraph 5.2.9.