Required Tenant definition

Required Tenant has the meaning set forth in Section 8.2.5.

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Required Tenant means General Electric Company.

Required Tenant means (i) any of the Tenants identified on Schedule 5 and (ii) any other Tenant that occupies (in the aggregate, together with any Affiliates of such Tenant) 50,000 square feet or more of rentable space at the Property.

Examples of Required Tenant in a sentence

Notwithstanding anything herein to the contrary, if that Seller has been unable to obtain (and deliver to Buyer) the Required Tenant Estoppels at least three (3) business days prior to the Closing Date, and Buyer is not willing to waive the Required Tenant Estoppel condition, then either party shall have the right to delay the Closing Date by up to thirty (30) days in order for Seller to continue to attempt to obtain the missing Required Tenant Estoppels.
Each Required Tenant Estoppel Certificate (1) will be on the form attached to the applicable Lease, if any, or if there is no form attached to the Lease, then will be substantially on the form attached hereto as Exhibit I (provided, however, if any Lease limits the provisions to be included in any estoppel certificate, the form shall be modified accordingly); and (2) will not have been modified in any substantive, adverse manner.
If Seller or Purchaser subsequently obtains a Required Tenant Estoppel Certificate meeting the requirements of this Section 4.1(b)(x) hereof, from a tenant for which Seller has delivered a Seller Estoppel Certificate, the delivered Seller Estoppel Certificate will be null and void, and Purchaser will accept the Required Tenant Estoppel Certificate in its place.
Seller, at its sole option, may elect to satisfy part of the requirements under this Section 4.1(b)(x) by delivery of a Seller estoppel certificate in the form attached hereto as Exhibit N (a “Seller Estoppel Certificate”) for up to ten percent (10%) of the leased square footage of the Improvement leased by Minor Tenants whose Required Tenant Estoppel Certificates have not been received by Closing.
Seller agrees to request a Tenant Estoppel Certificate from each of the tenants under the Leases and to diligently pursue the execution and delivery thereof, provided, Seller shall not be required to pay any money or ▇▇▇ any tenant to procure a Required Tenant Estoppel Certificate.

More Definitions of Required Tenant

Required Tenant means the Federal Bureau of Investigation.

Required Tenant means, Hartford Fire Insurance Company, a Connecticut corporation, or its permitted successors and assigns.

Required Tenant means L-3 Communications Government Services, Inc.

Required Tenant means Independence Blue Cross.

Required Tenant means Cricket Communications, Inc., a Delaware corporation, the sole tenant of the Property as of the Commencement Date.

Required Tenant means: (i) a tenant operating a minimum of fifty (50) retail stores, under the same trade name, in at least twenty (20) states; or (ii) a tenant operating a minimum of ten (10) high quality retail stores, under the same trade name, in at least four (4) different states, of the types typically found in first- class shopping centers; provided, however, that a Required Tenant cannot be: (a) close-out retailers such as, without limitation, Big Lots, Odd Lots, and Ollies; (b) single price-point retailers such as, without limitation, Dollar Tree, Dollar Wave, and Dollar General; or (c) in violation of any Prohibited Uses or the Tenant’s Exclusive.”

Required Tenant means any tenant that occupies (in the aggregate, together with any Affiliates of such tenant) 100,000 square feet or more of rentable space at any one or more of the Properties. Each of the Required Tenants are referred to herein individually as a “Required Tenant” and collectively as the “Required Tenants”.