Tenant Opportunity definition

Tenant Opportunity means the opportunity to become the lessee under a mutually agreed upon lease arrangement of a property owned or subsequently acquired by the MSH Parties if the MSH Parties, in their sole discretion, determine that (i) consistent with MSH's status as a REIT, the MSH Parties are required to enter into such a lease arrangement for such property, including without limitation a hotel or similar type of facility and (ii) the OPCO Parties or an entity that the OPCO Parties control is qualified to be the lessee based on experience in the industry and financial and legal qualifications. A Tenant Opportunity shall not include (1) a property which already has an existing lessee as of the date of this Agreement (or, with respect to a property acquired subsequent to the date of this Agreement, which has an existing binding lessee arrangement that predates the acquisition of the property by the MSH Parties), provided that the MSH Parties shall offer any such lessee interest to the OPCO Parties if the lessee interest subsequently becomes available), (2) an opportunity in which the seller of the property (or any affiliate or designee of the seller) desires to enter into a lease agreement with the MSH Parties, or (3) a property which has at any time been leased from any of the MSH Parties to any of the OPCO Parties. The OPCO Parties shall have the right from time to time to provide written notice to the MSH Parties specifying certain criteria for a Tenant Opportunity in addition to the criteria specified above in this definition of Tenant Opportunity. Any such written notice from the OPCO Parties may be modified or canceled by written notice given by the OPCO Parties at any time. The definition of Tenant Opportunity shall be modified as appropriate from time to time in accordance with any such written notices sent by the OPCO Parties.
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Tenant Opportunity means the opportunity to become the lessee under a "master" lease arrangement of a property owned or subsequently acquired by the Operating Partnership if the Operating Partnership, in its sole discretion, determines that, consistent with the status of Crescent Equities as a REIT, the Operating Partnership is required to enter into such a "master" lease arrangement for such property, including without limitation a hotel or similar type of facility, so long as the Operating Partnership determines, in its sole discretion, that Crescent Operating or an entity that Crescent Operating controls is qualified to be the lessee based on experience in the industry and financial and legal qualifications, provided that all determinations relating to both (i) the ability or inability of the Operating Partnership to pursue an opportunity or acquire assets and (ii) the necessity for the Operating Partnership to enter into a "master" lease arrangement for a property, shall be made by the Operating Partnership in its sole discretion. A Tenant Opportunity shall not include (1) a property which already has an existing "master" lessee as of the date of this Agreement (or, with respect to a property acquired subsequent to the date of this Agreement, which has an existing binding "master" lessee arrangement that predates the acquisition of the property by the Operating Partnership), provided that the Operating Partnership shall offer any such "master" lessee interest to Crescent Operating if the lessee interest subsequently becomes available), or (2) an opportunity in which the seller of the property (or any affiliate or designee of the seller) desires to enter into a "master"
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Tenant Opportunity means the opportunity to become the lessee of any real property owned now or in the future by Vornado Sub if Vornado Sub determines in its sole discretion that, consistent with Vornado's status as a REIT, Vornado Sub is required to enter into a "master" lease arrangement with respect to such property and the Company is qualified to act as lessee thereof; provided, that the Company may from time to time modify the foregoing definition of Tenant Opportunity by providing written notice to Vornado Sub specifying certain additional criteria that an opportunity must meet in order to constitute a "Tenant Opportunity"; provided, further, that any such written notice from the Company may from time to time be modified or canceled by providing written notice to Vornado Sub; provided, further, that a Tenant Opportunity shall not include an opportunity in respect of (i) a property which has a "master" lessee as of the date of this Agreement, (ii) a property which has a "master" lessee that predates the acquisition of the property by Vornado Sub or (iii) a property whose seller (or any affiliate or designee of the seller) desires to enter into a "master" lease arrangement with respect to the property with Vornado Sub. In general, a "master" lease arrangement is an arrangement pursuant to which an entire property or project (or a group of related properties or projects) are leased to a single lessee.
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Examples of Tenant Opportunity in a sentence

  • Tenant Opportunity to Purchase Act (TOPA) ACTION CALENDAR Page 5 March 10, 2020 tenants to move out of the building, evictions for cause (when a case can be made), owner-move-in evictions, and Condo/Tenants-in-Common conversions.Economic FactorsAs the Bay Area region experiences increased economic growth and a high demand for housing, this growth is causing housing prices to rise that then displaces low-income residents.

  • The Mayor made reference to an International Delegation that was in Bunbury from Russia that was organised by Rotary.

  • Tenant Opportunity to Purchase Act (TOPA) ACTION CALENDAR Page 10 March 10, 2020 tenants the first right to buy their landlord’s property should it come up for sale.

  • Adopt a first reading of an ordinance adding Berkeley Municipal Code Chapter 13.89, the Tenant Opportunity to Purchase Act (TOPA), that will take effect on final adoption with an implementation start upon completion of Administrative Regulations and funding of related program costs; and2.

  • Nevertheless, there exist some other non-phonon mechanisms of high-Tc superconductivity [50,51].

  • Tenant Opportunity to Purchase Act (TOPA) ACTION CALENDAR Page 8 March 10, 2020 TOPA process.

  • Tenant Opportunity to Purchase Act (TOPA) ACTION CALENDAR Page 6 March 10, 2020 earnings lead to fewer assets and less wealth.

  • For a period of 30 days after the date that the MSH Parties deliver the MSH Notice to the OPCO Parties, the MSH Parties and the OPCO Parties shall negotiate with each other on an exclusive basis with respect to such Tenant Opportunity.

  • The District’s DOPA rights are subordinate to the tenants’ rights to purchase under the Tenant Opportunity to Purchase Act of 1980 (TOPA).

  • If the MSH Parties do not enter into a binding agreement with respect to such Tenant Opportunity within such one-year period, or if the price and terms and conditions are more favorable to the tenant in any material respect than the price and terms and conditions last proposed in writing by the MSH Parties to the OPCO Parties, the MSH Parties shall again be required to comply with the procedures set forth above in this Section 3(a) if they desire to pursue such Tenant Opportunity.


More Definitions of Tenant Opportunity

Tenant Opportunity means the opportunity to become the lessee under a "master" lease arrangement of a Gaming Property (i.e., a lease arrangement in which the operators of the business conducted at the property prior to the date the property is owned or acquired by the Operating Partnership will cease to operate the business) owned or subsequently acquired by the Operating Partnership or any of its Controlled Affiliates if the Operating Partnership, in its sole discretion, determines that, consistent with the status of Crescent Equities as a REIT, the Operating Partnership is required to enter into such a "master" lease arrangement for such Gaming Property; PROVIDED that such determination shall be made by the Operating Partnership in its reasonable discretion. A Tenant Opportunity shall not include (1) a property other than a Gaming Property, (2) a Gaming Property which already has an existing "master" lessee as of the date of this Agreement (or, with respect to a Gaming Property acquired subsequent to the date of this Agreement, which has an existing binding "master" lessee arrangement that predates the acquisition of the Gaming Property by the Operating Partnership), provided that the Operating Partnership shall offer any such "master" lessee interest to the Joint Venture if the lessee interest subsequently becomes available), or (3) an opportunity in which the seller of the Gaming Property desires to enter into a "master" lease agreement with the Operating Partnership (each of the foregoing circumstances being referred to herein as an "Excluded Tenant Opportunity").
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Related to Tenant Opportunity

  • Investment opportunity means anything, tangible or intangible, that is offered, offered for sale, sold, or traded based wholly or in part on representations, either express or implied, about past, present, or future income, profit, or appreciation.

  • Equal Employment Opportunity For any federally assisted construction contract, as defined in 41 CFR 60-1.3, the contractor, subcontractor, subrecipient shall follow all of the requirements of the Equal Opportunity Clause as stated in 41 CFR 60-1.4.

  • EEOC means the United States Equal Employment Opportunity Commission.

  • Energy Market Opportunity Cost means the difference between (a) the forecasted cost to operate a specific generating unit when the unit only has a limited number of available run hours due to limitations imposed on the unit by Applicable Laws and Regulations, and (b) the forecasted future Locational Marginal Price at which the generating unit could run while not violating such limitations. Energy Market Opportunity Cost therefore is the value associated with a specific generating unit’s lost opportunity to produce energy during a higher valued period of time occurring within the same compliance period, which compliance period is determined by the applicable regulatory authority and is reflected in the rules set forth in PJM Manual 15.

  • Contractor Related Parties means any affliates of the Contractor and the Contractor's executive officers, Pennsylvania officers and directors, or owners of 5 percent or more interest in the Contractor.

  • Government Agency means the government of the Commonwealth of Australia or an Australian State, Territory or local government and includes their authorities, agencies, government owned corporations and authorised officers, courts and tribunals;

  • NLRB means the United States National Labor Relations Board.

  • Civil Service Commission means the commission required under Section 5 of Article XI of the Michigan Constitution of 1963.

  • Police means, in relation to the first-mentioned place in subsection (1), any police force in that place, or a member thereof, whether that force is organised at a national, regional or local level;

  • EPA means the United States Environmental Protection Agency.

  • Cathodic protection means a technique designed to prevent the corrosion of a metal surface by making that surface the cathode of an electrochemical cell. For example, protection can be accomplished with an impressed current system or a galvanic anode system.

  • Lobbyist means any person or entity who undertakes to influence any legislative or administrative action on behalf of any person or entity other than: (1) a not-for-profit entity, on an unpaid basis, or (2) himself. "Lobbyist" also means any person or entity any part of whose duties as an employee of another includes undertaking to influence any legislative or administrative action.

  • Lobbying means the advocacy of an interest that is affected, actually or potentially by the procurement process or individuals involved in the procurement process including seeking to influence the outcome of the procurement process or subsequent award of a contract.

  • Water Authority means the body corporate known as the Water Authority of Western Australia established by the Water Authority Xxx 0000;

  • Civil union means a civil union established pursuant to Act 91 of the 2000 Vermont Legislative Session, entitled “Act Relating to Civil Unions”.

  • Commission means the Securities and Exchange Commission.

  • Physical Therapy Compact Commission or "commission" means the national administrative body whose membership consists of all states that have enacted the compact.

  • Senate means the Senate of the University;

  • Lieutenant Governor means the lieutenant governor of the

  • Best management practice or "BMP" means schedules of activities, prohibitions of practices, including both structural and nonstructural practices, maintenance procedures, and other management practices to prevent or reduce the pollution of surface waters and groundwater systems from the impacts of land-disturbing activities.

  • Government Entity means (a) any federal, state, provincial or similar government, and any body, board, department, commission, court, tribunal, authority, agency or other instrumentality of any such government or otherwise exercising any executive, legislative, judicial, administrative or regulatory functions of such government or (b) any other government entity having jurisdiction over any matter contemplated by the Operative Documents or relating to the observance or performance of the obligations of any of the parties to the Operative Documents.

  • Environmental Protection Agency or "EPA" means the United States Environmental Protection Agency.

  • Best management practices (BMP) means schedules of activities, prohibitions of practices, maintenance procedures, and other management practices to prevent or reduce the pollution of waters of the United States. BMPs include treatment requirements, operation procedures, and practices to control plant site runoff, spillage or leaks, sludge or waste disposal, or drainage from raw material storage.

  • National Labor Relations Act means the National Labor Relations Act, as amended.

  • USEPA means the United States Environmental Protection Agency.

  • Ombudsperson means the Ombudsperson of British Columbia;