Significant Leases definition

Significant Leases. A Lease at a Mortgaged Property covering or proposed to cover more than the greater of either (a) 20,000 net rentable square feet or (b) twenty percent (20%) of the net rentable square footage of the Mortgaged Property.

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Significant Leases. A Lease at a Mortgaged Property covering or proposed to cover more than the greatest of (i) 30,000 net rentable square feet, (ii) thirty percent (30%) of the net rentable square footage of the Mortgaged Property and (iii) such higher square-footage threshold, if any, that is set forth in the Pooling and Servicing Agreement and that the Master Servicer is allowed to approve without Special Servicer approval.

Significant Leases means, collectively, (a) that certain lease agreement, as amended, dated October 31, 1994, as amended, between Riser Foods Company, a Delaware corporation, successor-in-interest to Tops Markets, LLC, successor-in-interest to First National Supermarkets, Inc., as tenant and EIG Snow View Plaza, LLC, as successor to ▇▇▇▇▇ & Avant Holdings, LLC, successor-in-interest to Snowview, Ltd., as landlord, as assigned to Borrower pursuant to that certain Assignment of Seller’s Interest in Leases and Assumption Agreement; (b) that certain lease agreement, as amended, dated October 12, 2006, as amended, between C&K ▇▇▇▇▇, Inc. d/b/a Karen’s Hallmark, as tenant and EIG Snow View Plaza, LLC, as successor to ▇▇▇▇▇ & Avant Holdings, LLC, as landlord, as assigned to Borrower pursuant to that certain Assignment of Seller’s Interest in Leases and Assumption Agreement; (c) that certain lease agreement, as amended, dated October 10, 1996, as amended, between Eat ‘n Park Hospitality successor to Eat ‘N Park Restaurants Business Trust d/b/a Eat’ N Park, as tenant and EIG Snow View Plaza, LLC, as landlord, as assigned to Borrower pursuant to that certain Assignment of Seller’s Interest in Leases and Assumption Agreement; and (d) that certain lease agreement, as amended, dated September 18, 2008, as amended, between ▇▇▇▇▇ ▇▇▇▇ and Li ▇▇▇ ▇▇▇▇, individuals, d/b/a Kumö Japanese Seafood Buffet formerly known as Hong Kong Buffet, as tenant and EIG Snow View Plaza, LLC, as successor to ▇▇▇▇▇ & Avant Holdings, LLC, as landlord, as assigned to Borrower pursuant to that certain Assignment of Seller’s Interest in Leases and Assumption Agreement.

Examples of Significant Leases in a sentence

• Except as disclosed to the Administrative Agent in writing in accordance with Section 8.5(l) hereof, none of the tenants under Significant Leases on Properties owned by the Borrower, Material Subsidiaries or any other Subsidiary of the Borrower are in default for a period in excess of sixty (60) days on the monthly contractual rent payments.

• Except as disclosed to the Administrative Agent in writing in accordance with Section 8.5(k) hereof, none of the Tenants under Significant Leases on Properties owned by the Borrower, Material Subsidiaries or any other Subsidiary of the Borrower are in default for a period in excess of 90 days on the monthly contractual rent payments.

• Except as disclosed to the Administrative Agent in writing in accordance with Section 8.5(k) hereof, none of the Tenants under Significant Leases on Properties owned by the Borrower, Material Subsidiaries or any other Material Subsidiary of the Borrower are in default for a period in excess of ninety (90) days on the monthly contractual rent payments.

• Except as disclosed to the Administrative Agent in writing in accordance with Section 8.5(k) hereof, none of the Tenants under Significant Leases on Properties owned by the Borrower, Material Subsidiaries or any other Subsidiary of the Borroweror PROP are in default for a period in excess of 90 days on the monthly contractual rent payments.

• As of the date of Closing, none of the Tenants under Significant Leases on Properties owned by the Company, Material Subsidiaries or any other Subsidiary of the Company are in default for a period in excess of 90 days on the monthly contractual rent payments.

• Except as disclosed to the Administrative Agent in writing in accordance with Section 8.5(l) hereof, none of the tenants under Significant Leases onoccupying Properties owned by the Borrower, Material Subsidiaries or any other Subsidiary of the Borrower are in default for a period in excess of sixty (60) days or “materially past due” (in accordance with customary commercial practice) on the monthly contractual rent payments.

• Except as disclosed to the Administrative Agent in writing in accordance with Section 8.5(k) hereof, none of the tenants under Significant Leases on Properties owned by the Borrower, Material Subsidiaries or any other Subsidiary of the Borrower are in default for a period in excess of 90 days on the monthly contractual rent payments.

• Any Significant Leases written after the date hereof shall be subject to the prior written approval of Lender, which approval shall not be unreasonably withheld, conditioned or delayed.

More Definitions of Significant Leases

Significant Leases means, collectively, (a) that certain lease and lease agreement, as amended, dated May 11, 1988, as amended, between Kroger Limited Partnership I, an Ohio limited partnership, as tenant and Lakeside Plaza, LLC, as landlord, as assigned to Borrower pursuant to that certain Assignment and Assumption of Leases; and (b) that certain lease agreement, as amended, dated May 23, 1988 between Virginia CVS Pharmacy, L.L.C., successor-in-interest to Hook-Superx, Inc. (“CVS”), as tenant and Lakeside Plaza, LLC, as landlord, as assigned to Borrower pursuant to that certain Assignment and Assumption of Leases. “Subdivision Map” - shall have the meaning ascribed to such term in Section 7.4.

Significant Leases means with respect to any ------------------ Mortgaged Property as of the date set forth in Annex A to the Prospectus Supplement under "Occupancy As of": (a) any lease relating to a tenant which occupies 20% or more of the net rentable space of such Mortgaged Property, (b) any lease relating to a tenant which is an anchor tenant, as such term is customarily used, of such Mortgaged Property and (c) any lease which generates 15% or more of the scheduled gross revenues of all leases relating to such Mortgaged Property.

Significant Leases has the meaning given in Section 4.1(q).