Examples of Specified Tenant in a sentence
In the event Mortgage Borrower delivers to Mortgage Lender the Specified Tenant Trigger Cure Guaranty (as defined in the Mortgage Loan Agreement), Borrower shall provide to Lender a payment guaranty from Guarantor, which guaranty shall be substantially in the form of, and shall guarantee payment of such amounts as are guaranteed by, the Specified Tenant Trigger Cure Guaranty delivered by Mortgage Borrower to Mortgage Lender.
Each of the GDC Guaranty and the Additional GDC Guaranty shall, by their terms, reduce by an amount equal to $37.50 times the number of square feet of the GDC’s Specified Tenant Space re-leased in accordance with the terms hereof to a replacement tenant or to GDC subsequent to the date of the GDC Guaranty and the Additional GDC Guaranty, as applicable.
Notwithstanding the foregoing, Lender shall cause all amounts held in the TI/LC Reserve Account, including interest, to be released to Borrower within ten (10) Business Days of the termination of the Specified Tenant Trigger Period.
The initial term of the Specified Tenant Lease does not expire prior to the date that is fifteen (15) years following the First Amendment Date, subject to the rights of Specified Tenant under Section 13 of the Specified Tenant Lease.
Notwithstanding the foregoing, Borrower shall not be required to deliver Projections in accordance with this Section 11.8(b) at any time that (i) NYC DCAS is the sole occupant of the Property and is paying full unabated Rent in accordance with its Lease and (ii) no Specified Tenant Trigger Period has occurred and is continuing.