Significant Lease definition

Significant Lease means, as to any particular Real Property, each Lease which constitutes 30% or more of all base rent revenue of such Real Property.

Significant Lease means, as to any particular Property, each Lease which constitutes 20% or more of all base rent revenue of such Property.

Significant Lease means, as to any particular Property, each Lease which constitutes 25% or more of all base rent revenue of such Property.

Examples of Significant Lease in a sentence

• Significant Lease Transactions Silicon Valley 4 ("SV4") Data Center In February 2020, the Company exercised its first renewal option available to extend the lease term for the SV4 Data Center for five years.

• Significant Lease Transactions Silicon Valley 4 ("SV4") Data Center In February 2020, the Company exercised its first renewal option available to extend the lease term for the SV4 Data Center for 5 years.

• The Borrower and each Subsidiary shall at all times maintain accurate and complete records of each Significant Lease.

• Economic Impact1 - Insignificant2 - Minor3 - Moderate4 - Major5 - SignificantGovernance (Risk, financial, opportunity cost)1 – Insignificant 2 – Minor 3 – Moderate 4 – Major 5 – Significant Lease or licence of land will not support business expansion/investment or job creation and there is a significant risk/impact on Council (both in the short term or its future plans).

• The following procedure also applies for Significant Leases: If the application meets the assessment criteria, officers will, if appropriate, consult with iwi and the relevant Reserve Board if the lease is applied for reserve land. Officers will prepare a report to the Finance and Business Support Committee of Council to seek approval to grant a Significant Lease, subject to public notification and obtaining approvals required by any relevant legislation.

More Definitions of Significant Lease

Significant Lease means any Lease under which the Borrower or one of its Subsidiaries is the lessor and which Lease provides for minimum rent payments of $1,000,000 or more during any calendar year.

Significant Lease means (a) any lease of real or personal property, or any sublease of real property, by a Party, as lessee, pursuant to which such Party reasonably anticipates the payment of aggregate rent, Taxes, insurance, utilities (if applicable) and other charges in excess of $100,000 over the remaining term of the lease, exclusive of all optional renewal periods and optional extensions of the term (provided, however, that any such lease shall not be deemed a Significant Lease in the event that such Party has the contractual right to terminate the lease in question on 30 days' notice or less, without incurring a penalty or premium in excess of $100,000); or (b) any lease of real or personal property, or any sublease of real property, by such Party, as lessor, pursuant to which such Party reasonably anticipates the collection of aggregate rent in excess of $100,000 over the remaining term of the lease, exclusive of all optional renewal periods and extensions of the term (provided, however, that any such lease shall not be deemed a Significant Lease in the event that such Party has the contractual right to terminate the lease in question on 30 days' notice or less, without incurring a penalty or premium in excess of $100,000).

Significant Lease means any office Lease in excess of 50,000 net rentable square feet that is not a Major Lease.

Significant Lease means any office Lease which, together with any office Leases to one or more Affiliates of the proposed tenant thereunder, would demise in excess of 50,000 net rentable square feet, in each case, inclusive of any Expansion Space; provided, however, in the event that Lender shall disapprove any office Lease which would not be a Significant Lease but for the inclusion of Expansion Space, then if such proposed Lease is modified to remove the option applicable to such Expansion Space such that the Lease is no longer a Significant Lease, then such Lease shall cease to be deemed a Significant Lease (for the avoidance of doubt and notwithstanding the foregoing, such office Lease shall otherwise be required to comply with the terms and conditions of Section 9.4).

Significant Lease means, as to any particular Real Property, each Lease which constitutes 30% or more of all base rent revenue of such Real Property. “Special Limited Partner” means American Finance Special Limited Partner, LLC. “Special Limited Partner Subordination Agreement” means that certain subordination agreement to be entered into among the Special Limited Partner,

Significant Lease means any of the following: (a) the Wal-Mart Lease, (b) the Sam’s Club Lease, (c) Home Depot Lease, or (d) any Significant Tenant Replacement Lease.

Significant Lease means (a) any lease of real or personal property, or any sublease of real property, by a Party, as lessee, pursuant to which such Party reasonably anticipates the payment of aggregate rent, Taxes, insurance, utilities (if applicable) and other charges in excess of $25,000 over the remaining term of the lease, exclusive of all optional renewal periods and optional extensions of the term (provided, however, that any such lease shall not be deemed a Significant Lease in the event that such Party has the contractual right to terminate the lease in question on 30 days' notice or less, without incurring a penalty or premium in excess of $25,000); or (b) any lease of real or personal property, or any sublease of real property, by such Party, as lessor, pursuant to which such Party reasonably anticipates the collection of aggregate rent in excess of $25,000 over the remaining term of the lease, exclusive of all optional renewal periods and extensions of the term (provided, however, that any such lease shall not be deemed a Significant Lease in the event that such Party has the contractual right to terminate the lease in question on 30 days' notice or less, without incurring a penalty or premium in excess of $25,000).