Examples of Signage Threshold in a sentence
Landlord acknowledges that the Minimum Signage Threshold is intended to impose an obligation on Tenant to lease and pay Rent with respect to a minimum amount of space in the Building, but is not intended to impose any requirement on Tenant to occupy space in the Building.
Tenant shall have exclusive Building Sign rights on the Building until such time as (1) Tenant is leasing less than 50% of the Rental Area of the Building and (2) a minimum of 40,000 square feet of Rentable Area is leased by any one tenant other than Tenant in the Building ("Signage Threshold").
To the extent permitted under the Consent, and subject to the terms of the Lease (as affected by the Consent), provided that the Signage Threshold (as hereinafter defined) is satisfied, Subtenant shall be permitted, at its sole cost and expense, to install one (1) identification sign in the elevator lobby located on the floor of the Subleased Premises (the “ID Sign”).
Provided that there exists no monetary or material non-monetary Event of Default, Landlord agrees that in the event Landlord ever grants to another tenant of the Building (other than Landlord and its Affiliates) similar signage rights as to which the Occupancy requirements are less that those set forth herein, then the Signage Threshold set forth herein shall be deemed to be equal to such lower signage threshold.
If, in the future, Landlord installs any such monitors, for so long as the applicable Signage Threshold Conditions are satisfied, one (1) Permitted Entity shall have the exclusive right to display its logo(s) or corporate identity on a portion of any such monitors installed in the passenger elevators serving the High-Rise Floors, as reasonably designated by Landlord, but the foregoing shall not prohibit the operator of such monitors from its normal schedule of advertising on a such monitors.
If the Condominium Board does not agree to any such request, Landlord agrees, provided that the applicable Signage Threshold Conditions are then satisfied, to seek the Condominium Board’s consent at the request of Tenant but not more frequently than once every six (6) months.
At such time as Tenant Named Herein is in actual occupancy of less than the Signage Threshold, such Exterior Signage shall be removed by Tenant, at Tenant’s sole cost and expense, promptly after notice from Landlord that such Signage Threshold is not satisfied by Tenant.
The term "Minimum Signage Threshold" shall mean that the Original Tenant and/or its Permitted Transferee Assignee shall, in the aggregate, have not subleased more than twenty-five percent (25%) of the rentable square footage of the Premises pursuant to a sublease or subleases then in effect.
If Tenant subleases all or any portion of the Premises in accordance with this Lease and the subtenant meets one or more of the Signage Thresholds, Tenant shall have the right to grant to such subtenant the lobby desk and/or signage rights applicable to the Signage Threshold met by such subtenant.
To the extent permitted under the Consent, if at all, and subject to the terms of the Lease and the Sublease as affected by the Consent, provided that the Signage Threshold (as hereinafter defined) is satisfied, Sub-sublandlord shall request that Landlord and Sublandlord consent to Sub-subtenant installing and maintaining one Building standard sign on or near the “North Concierge Desk” in the lobby of the Building which right is provided to Sub-sublandlord under Section 20.9 of the Sublease.