Successor Tenant definition

Successor Tenant. As defined in Section 36.1.
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Successor Tenant. As defined in Section 9.3(c).
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Successor Tenant means: (1) any purchaser, transferee, or assignee of the Leasehold Estate pursuant to a Foreclosure Event, including Leasehold Mortgagee or its successor, assignee, designee or nominee (if applicable); and (2) such purchaser’s, transferee’s, or assignee’s direct and indirect successors and assigns.
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Examples of Successor Tenant in a sentence

  • Tenant shall remove all of Tenant’s Property from the Leased Property at the end of the Term, except to the extent Tenant has transferred ownership of such Tenant’s Property to a Successor Tenant or Landlord.

  • The Gaming Assets FMV shall be the amount agreed pursuant to the first sentence of this paragraph or the highest bid received pursuant to the second sentence of this paragraph, as applicable, and the Successor Tenant shall be the Qualified Successor Tenant with which an agreement is reached pursuant to the first sentence of this paragraph or the highest bidder pursuant to the second sentence of this paragraph, as applicable.

  • If Tenant and a potential Successor Tenant designated by Landlord cannot agree on the Gaming Assets FMV within a reasonable time not to exceed thirty (30) days after receipt of an End of Term Gaming Asset Transfer Notice hereunder, then such Gaming Assets FMV shall be determined, and T▇▇▇▇▇’s transfer of the Transferred Items to a Successor Tenant in consideration for a payment in such amount shall be determined and transferred, in accordance with the provisions of Section 36.

  • Concurrently with the transfer of the Transferred Items to Successor Tenant, Landlord and Successor Tenant shall execute a new lease in accordance with the terms as set forth in the final clause of the first sentence of Section 36.2 hereof.

  • Notwithstanding the foregoing and for the avoidance of doubt, D▇▇▇▇▇▇▇▇’s Cost Obligations shall be reduced by the amount, if any, recovered by Owner or actually paid by a Successor Tenant (as defined in the Lease) that are specifically for costs that would otherwise be Developer’s Costs Obligations following an operation transfer in accordance with Section 36.3 of the Lease.


More Definitions of Successor Tenant

Successor Tenant. A tenant immediately succeeding Tenant that will provide the same or essentially the same Concession services as are awarded by this Lease.
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Successor Tenant. A tenant immediately succeeding Tenant that will provide the same or essentially the same Concession services as are awarded by this Lease. DocuSign Envelope ID: 3D69B7F0-C0A2-48D7-BAEA-EC290E626401
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Successor Tenant. As defined in Section 36.1. ACTIVE/119768607.18
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Successor Tenant. As defined in Section 36.1. Successor Tenant Rent: As defined in Section 36.2. Taking: As defined in Section 15.1(a). Tenant: As defined in the preamble. Tenant Capital Improvement: A Capital Improvement funded by Tenant, as compared to Landlord. Tenant COC: As defined in Section 22.2(iii). Tenant Parent COC: As defined in Section 22.2(iii). Tenant Representatives: As defined in Section 23.4. Tenant’s Parent: Eldorado Resorts, Inc., and any permitted successor thereto. Tenant’s Property: With respect to each Facility, all assets (other than the Leased Property and property owned by a third party) primarily related to or used in connection with the operation of the business conducted on or about the Leased Property, together with all replacements, modifications, additions, alterations and substitutes therefor. Term: As defined in Section 1.3. Termination Notice: As defined in Section 17.1(d). Test Period: With respect to any Person, for any date of determination, the period of the four (4) most recently ended consecutive fiscal quarters of such Person. 26 ACTIVE/103726432.5 US-DOCS\116344257.8
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Successor Tenant has the meaning set forth in Section 8.10.
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Successor Tenant means any Tenant who leases at least 85,211 square feet of the Net Rentable Square Footage (which represents an amount equal to thirty percent (30%) of the Net Rentable Square Footage) pursuant to one or more Leases to such Tenant and/or any Affiliate of such Tenant.
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Successor Tenant has the meaning ascribed to such term in Section 20.4(b) hereof. "Surety Bond" means a surety company payment and performance bond, in form and substance and issued by a surety company licensed in the State guaranteeing to Landlord (and to such other Persons as Tenant shall determine appropriate) Builder’s completion of such Construction, in accordance with the contract with Builder, fully paid and free and clear of all liens, encumbrances, security interests, and other charges, except as this Lease permits. Such Surety Bond shall be in an amount equal to at least 110% of the cost (as estimated by Tenant’s State licensed architect) of all materials and labor for any Construction for (a) any and all Improvements which may be required within dedicated rights of way and/or public facility easements, and (b) public works as described in section 255.05, Fla. Stat. (2012), as same may be amended from time to time for all public works.
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