Tenant Concession definition
Tenant Concession means any agreement or undertaking by any Former Landlord which is provided to Tenant or any affiliate of Tenant in connection with the execution by Tenant of the Lease or the occupancy by Tenant of Tenant’s Premises and which is not expressly set forth in the Lease, including free or reduced rent, early termination rights or options, assumption of any other lease obligations of Tenant or any affiliate of Tenant relating to property other than Landlord’s Premises, payment of moving or relocation costs, construction or installation of improvements to or alterations of Tenant’s Premises or Landlord’s Premises or the premises of any affiliate of Tenant, or any other economic, financial or contractual benefit to Tenant or any affiliate of Tenant of any type or nature that is provided by Landlord as an inducement to Tenant to enter into the Lease or to commence Tenant’s occupancy of Tenant’s Premises.
Tenant Concession means either (i) a tenant improvement allowance paid from Developer to a tenant of space within the Shopping Center, or (ii) a credit against rent afforded by Developer to a tenant of space within the Shopping Center, and in either case, which is paid or credited pursuant to a specific provision in a written lease with such tenant, and which is specifically designated for such tenant to make renovations and capital improvements to its leased space within the Shopping Center.
Tenant Concession. A “Tenant Concession” means any agreement or undertaking by any Former Landlord which is provided to Tenant or any affiliate of Tenant in connection with the execution by Tenant of the Lease or the occupancy by Tenant of Tenant's Premises and which is not expressly set forth in the Lease, including free or reduced rent, early termination rights or options, assumption of any other lease obligations of Tenant or any affiliate of Tenant relating to property other than Landlord's Premises, payment of moving or relocation costs, construction or installation of improvements to or alterations of Tenant's Premises or Landlord's Premises or the premises of any affiliate of Tenant, or any other economic, financial or contractual benefit to Tenant or any affiliate of Tenant of any type or nature that is provided by Landlord as an inducement to Tenant to enter into the Lease or to commence Tenant's occupancy of Tenant's Premises.
Examples of Tenant Concession in a sentence
The Commission Concession Agreements to Tenant and the Tenant Concession Agreements from the Commission, the premises described in Exhibit “A” attached hereto and incorporated herein by reference.
No tenant or occupant under the Leases is entitled to any free rent, abatement of rent, Tenant Concession, or to any reimbursement, credit or payment, except as set forth on Exhibit DD.
More Definitions of Tenant Concession
Tenant Concession means any (a) out-of-pocket payment required under a Lease to be paid by the landlord to or for the benefit of the tenant that is in the nature of a tenant inducement, including tenant improvement costs, lease buyout payments, and moving, design and refurbishment allowances and costs, (b) commission obligations respecting any Lease (other than with respect to unexercised expansion, renewal or extension options or rights), and (c) loss of income resulting from any free rental period. "Tenant Concessions" also includes the Existing Unpaid Tenant Concessions.