Tenant Named Herein definition
Examples of Tenant Named Herein in a sentence
In the event Tenant Named Herein rejects Landlord's Offer, then for the 270-day period thereafter (the "SALE PERIOD"), Landlord may sell the Premises to a third party for a purchase price equal to or greater than 97% of the purchase price set forth in the Offer Notice (the "FLOOR PRICE").
Notwithstanding anything to the contrary set forth in Sections 19(b)(1) and 19(b)(2), in the event Landlord initiates a holdover or termination proceeding in connection with any monetary Event of Default, Tenant Named Herein shall have the right (the "Redemption Right") to defeat such proceeding by tendering such payment as is necessary to cure such Event of Default on or before the date of such proceeding.
No Tenant other than Tenant Named Herein shall have the right to resell the use, or rights to the use, of the Satellite Antenna or Rooftop Signage, including the granting of any licensing or other rights, except to one or more assignees or subtenants.
At such time as Tenant Named Herein is in actual occupancy of less than the Signage Threshold, such Exterior Signage shall be removed by Tenant, at Tenant’s sole cost and expense, promptly after notice from Landlord that such Signage Threshold is not satisfied by Tenant.
In no event, however, shall any party other than Tenant Named Herein have the right to sell, lease or license the use of the Satellite Antenna to a third party for profit (and any such lease or license entered into by Tenant Named Herein after December 16, 2002 shall be shared equally (50/50) between Tenant Named Herein and Landlord in accordance with the profit-sharing provisions set forth in SECTION 17(r)).
Tenant Named Herein may only exercise the Redemption Right once during any five (5) year period.
Tenant Named Herein acknowledges that it is obligated to compensate JPMorgan pursuant to a separate agreement.
Upon receipt of the Offer Notice, Tenant Named Herein shall have thirty (30) days to accept or reject Landlord's Offer.
Nothing contained in the foregoing clause (iii) shall be construed to permit Landlord to avoid Landlord's obligations to Tenant Named Herein pursuant to this SECTION 23(a) by consummating the sale of the Premises at a purchase price that shall be less than ninety-seven (97%) percent of the purchase price or on otherwise more favorable (to purchaser) terms than were set forth in Landlord's Offer without being once again required to comply with the provisions of this SECTION 23(a).
Such signs shall be removed by Tenant Named Herein prior to, or upon, the expiration or earlier termination of this Lease.