Tenant Affiliate definition

Tenant Affiliate means and refer to any partnership, limited liability company, or corporation or other entity, which, directly or indirectly, through one or more intermediaries, Controls, is Controlled by, or is under common Control with, Tenant.

Tenant Affiliate means a corporation, partnership or other entity which controls, is controlled by or is under common control with the Tenant. The term “control” means (a) ownership of not less than 34% of the voting stock of a corporation or the equitable interest in any other business entity and (b) the right to make all significant management decisions.

Tenant Affiliate means a person or entity which controls, is controlled by or is under common control with Tenant, or an entity into or with which Tenant is merged or consolidated or to which substantially all of Tenant’s assets are transferred.

Examples of Tenant Affiliate in a sentence

• Notwithstanding the above, Tenant may assign or sublet the Premises, or any part thereof, to any entity controlling Tenant, controlled by Tenant or under common control with Tenant (a "Tenant Affiliate"), without the prior written consent of Landlord.

• Upon Landlord's receipt of Tenant's written notice of a desire to assign or sublet the Premises, or any part thereof (other than to a Tenant Affiliate), Landlord may, by giving written notice to Tenant within 30 days after receipt of Tenant's notice, terminate this Lease with respect to the space described in Tenant's notice, as of the date specified in Tenant's notice for the commencement of the proposed assignment or sublease.

• Upon Landlord’s receipt of Tenant’s written notice of a desire to assign or sublet the Premises, or any part thereof (other than to a Tenant Affiliate), Landlord may, by giving written notice to Tenant within 30 days after receipt of Tenant’s notice, terminate this Lease with respect to the space described in Tenant’s notice, as of the date specified in Tenant’s notice for the commencement of the proposed assignment or sublease.

• If any Tenant Affiliate to which this Lease is assigned or the Premises sublet (in whole or in part) shall cease to be such a Tenant Affiliate, and if such cessation was contemplated at the time of the assignment or subletting, such cessation shall be considered an assignment or subletting requiring Landlord’s consent.

• Any attempt to assign or transfer any right or interest created by this paragraph to other than a Tenant Affiliate shall be void from its inception.

More Definitions of Tenant Affiliate

Tenant Affiliate means any Person Controlled, Controlling or under common Control with such Tenant.

Tenant Affiliate means any person or entity which Controls, is Controlled by, or is under common Control with Tenant.

Tenant Affiliate. The term "Tenant Affiliate" shall mean a ---------------- subsidiary, affiliate, division, corporation or other entity controlling, controlled by or under common control with Tenant.

Tenant Affiliate means any entity that directly or indirectly, through one or more intermediaries, controls, is controlled by, or is under common control with Tenant.

Tenant Affiliate means an entity that controls, is controlled by or is under common control with, Tenant; and a party shall be deemed to "control" another party for purposes of the aforesaid definition only if the first party owns more than fifty percent (50%) of the stock or other beneficial interests of the second party.

Tenant Affiliate means any Person which controls, is controlled by, or is under common control with, Tenant, or is a successor to Tenant by merger, consolidation or sale of substantially all of the assets of Tenant. For purposes of this definition, "control" of a Person means the power, direct or indirect, to vote more than 50% of the securities (or other ownership interests) having voting power for the election of directors or managers (in the case of a limited liability company) of the Person.

Tenant Affiliate means any corporation or other entity controlled by, under common control with or which controls the original Tenant named in this Lease or in which original Tenant named in this Lease, directly or indirectly, has a fifty percent (50%) or greater voting or ownership interest. “Permitted Transfer” means the transfer of ownership interests in a publicly traded entity, or an assignment or subletting of all or a portion of the Premises to a Tenant Affiliate, a transfer in connection with more than 50% of Tenant’s assets or 50% or more of its stock as a going concern in a merger or consolidation of Tenant with another entity, where, in each case (a) the transferee assumes, in full, the obligations of Tenant under this Lease; (b) Tenant remains fully liable under this Lease; (c) after such transaction is effected, the tangible net worth of the tenant hereunder is equal to or greater than the tangible net worth of Tenant as of the date of this Lease; and (d) the same is not a subterfuge by Tenant to avoid its obligations under this Lease.