Tenant Termination Event definition

Tenant Termination Event has the meaning set forth in Section 504(A) of this Lease. “Term” and “Term of this Lease Agreement” means, collectively, the period of time beginning on the Commencement Date and extending ten (10) years to November 30, 2024 and, if Tenant has properly exercised its Extension Option, the Extension Term, unless sooner terminated as provided in this Lease.
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Tenant Termination Event means and refer to the termination of a Pending Lease as a result of (A) the applicable tenant exercising a unilateral termination right expressly granted to such tenant under such Pending Lease, or (B) any of the following (any of the following being deemed a “Tenant Bankruptcy Event”): (t) the applicable tenant making an assignment for the benefit of creditors; (u) the applicable tenant filing a voluntary petition under any state or federal bankruptcy or insolvency law; (v) an involuntary petition alleging an act of bankruptcy or insolvency is filed against the applicable tenant under any state or federal bankruptcy law that is not dismissed within ninety (90) days; (w) a petition is filed by or against (to the extent not dismissed within ninety (90) days) the applicable tenant under the reorganization provisions of the United States Bankruptcy Code or under the provisions of any state or federal law of like import; (x) a petition is filed by the applicable tenant under the arrangement provisions of the United States Bankruptcy Code or similar state or federal law; (y) a receiver of the applicable tenant, or of, or for, the property of the applicable tenant shall be appointed; or (z) the applicable tenant admits it is insolvent or is not able to pay its debts as the mature.
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Tenant Termination Event shall have the meaning set forth in Section 16.2.
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Examples of Tenant Termination Event in a sentence

  • If, as a result of such Condemnation, (a) the tenant of such Property other than the IBM Property is entitled to and elects to terminate its Lease with respect to such Property or (b) IBM is entitled to and elects to terminate its Lease with respect to the IBM Property (each a “Condemnation Tenant Termination Event”), then Seller shall promptly upon receiving notice of such Condemnation Tenant Termination Event notify Purchaser of the same (a “Condemnation Tenant Termination Notice”).

  • If, as a result of such Casualty, Schwab is entitled to and elects to terminate its Lease with respect to the Real Property or Improvements (a “Casualty Tenant Termination Event”), then Seller shall promptly upon Seller, AFE, PXR, PXURA or PXLA receiving notice of such Casualty Tenant Termination Event notify Purchaser of the same (a “Casualty Tenant Termination Notice”).

  • Within five (5) days after receipt of the Casualty Tenant Termination Notice (but in no event later than the Closing Date), Purchaser shall notify Seller in writing of Purchaser’s election to either (i) subject to the limitations of Sections 7.2.1(4) and 7.2.2(9), terminate this Agreement with respect to such Property, in which case the Purchase Price shall be reduced by the Allocated Purchase Price for such Property, or (ii) to acquire such Property notwithstanding the Casualty Tenant Termination Event.

  • If, as a result of such Condemnation, Schwab is entitled to and elects to terminate its Lease with respect to the Real Property or Improvements (a “Condemnation Tenant Termination Event”), then Seller shall promptly upon Seller, AFE, PXR, PXURA or PXLA receiving notice of such Condemnation Tenant Termination Event notify Purchaser of the same (a “Condemnation Tenant Termination Notice”).

  • With respect to the Tenant Termination Event described in subsection (B)(3) above, Tenant hereby acknowledges and agrees that the Authority shall be entitled to verify, by process of audit pursuant to Section 601(C)(3) below, Tenant’s Operating Profit and Gross Sales in order to verify that this Tenant Termination Event has in fact been satisfied.

  • Progression and review arrangements, including alignment with University procedures for annual review and upgradesAlignment with University procedures for extension of time and suspension of studies.

  • With respect to the Tenant Termination Event described in subsection (A)(3) above, Tenant hereby acknowledges and agrees that the Authority shall be entitled to verify, by process of audit pursuant to Section 601(C)(3) below, Tenant’s Operating Profit and Gross Sales in order to verify that this Tenant Termination Event has in fact been satisfied.

  • The objective of this study was to describe the challenges of the assurance, explaining the phenomena.

  • Within five (5) days after receipt of the Casualty Tenant Termination Notice (but in no event later than the Closing Date), Purchaser shall notify Seller in writing of Purchaser’s election to either (i) subject to the limitations of Sections 7.2.1(4) and 7.2.2(9), terminate this Agreement with respect tosuch Property, in which case the Purchase Price shall be reduced by the Allocated Purchase Price for such Property, or (ii) to acquire such Property notwithstanding the Casualty Tenant Termination Event.

  • In addition, if the suspension would have an adverse effect or would have an impact on the circumstances that determine whether Tenant may exercise its Tenant Termination Event as described in Section 504(A)(3), then the time periods set forth in Section 504(A)(3) for determining whether the Tenant Termination Event described in Section 504(A)(3) has occurred, shall be extended, day for day, by the number of days in the period of suspension.


More Definitions of Tenant Termination Event

Tenant Termination Event. If the Landlord or any Affiliate of Landlord shall breach any representation or warranty given hereunder or in any Transaction Document or shall default in fulfilling any of the covenants of this Real Estate Lease or any Transaction Document and such breach or default shall continue for thirty (30) days after notice of such default is given to Landlord or such Affiliate, as the case may be; provided that if such default shall be of such a nature that the same cannot with due diligence be cured or remedied within said thirty (30) day period, and if Landlord or such Affiliate shall have diligently commenced curing such default within such thirty (30) day period, and shall thereafter with due diligence and in good faith proceed to remedy or cure such default, Landlord or such Affiliate shall have up to an additional one hundred twenty (120) days to cure such default (other than the covenants for payment which are covered in (C) below);
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Tenant Termination Event. A "TERMINATION EVENT" shall be deemed to occur if any Anchor Tenant shall terminate its lease of, or sell or assign to a third party, its Anchor Premises or the right to occupy the same.
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Tenant Termination Event has the meaning set forth in Section 504(B) of this Lease. “Term” and “Term of this Lease Agreement” means, collectively, the Initial Term and, if Tenant has properly exercised its Extension Option, the Extension Term, unless sooner terminated as provided in this Lease.
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Related to Tenant Termination Event

  • Potential Termination Event means an event which, with the passage of time or the giving of notice, or both, would constitute a Termination Event.

  • Company Termination Event has the meaning set forth in Section 10 hereof.

  • Additional Termination Event has the meaning specified in Section 5(b).

  • Event Termination Date See Section 2(e) hereof.

  • Forbearance Termination Event has the meaning set forth in Section 3(a) hereto.

  • Consultation Termination Event shall have the meaning assigned to such term or an analogous term in the Servicing Agreement.

  • ERISA Termination Event means (i) a “Reportable Event” described in Section 4043 of ERISA and the regulations issued thereunder (other than a “Reportable Event” not subject to the provision for 30-day notice to the PBGC under such regulations), or (ii) the withdrawal of a Borrower or any of its ERISA Affiliates from a “single employer” Plan during a plan year in which it was a “substantial employer”, both of such terms as defined in Section 4001(a) of ERISA, or (iii) the filing of a notice of intent to terminate a Plan or the treatment of a Plan amendment as a termination under Section 4041 of ERISA, or (iv) the institution of proceedings to terminate a Plan by the PBGC or (v) any other event or condition which might constitute grounds under Section 4042 of ERISA for the termination of, or the appointment of a trustee to administer, any Plan or (vi) the partial or complete withdrawal of a Borrower or any ERISA Affiliate of such Borrower from a “multiemployer plan” as defined in Section 4001(a) of ERISA.

  • Incipient Event of Termination means an event that but for notice or lapse of time or both would constitute an Event of Termination.

  • Commitment Termination Event means the earlier of (a) automatically and without notice or further action, the occurrence of any Event of Default described in Section 7.01(i) (Bankruptcy, Insolvency, etc.) with respect to the Borrower and (b) the occurrence and continuation of any other Event of Default under this Agreement pursuant to which either a Commitment Termination Event has been expressly declared or a declaration of the Loan to be due and payable has been given, in each case pursuant to Section 7.03 (Action if other Event of Default).

  • Exercise Termination Event (i) the Effective Time (as defined in the Merger Agreement) of the Merger; (ii) termination of the Merger Agreement in accordance with the provisions thereof if such termination occurs prior to the occurrence of an Initial Triggering Event, except a termination by Grantee pursuant to Section 8.1(d) of the Merger Agreement (unless the breach by Issuer giving rise to such right of termination is non-volitional); or (iii) the passage of 12 months after termination of the Merger Agreement if such termination follows the occurrence of an Initial Triggering Event or is a termination by Grantee pursuant to Section 8.1(d) of the Merger Agreement (unless the breach by Issuer giving rise to such right of termination is non-volitional) (provided that if an Initial Triggering Event continues or occurs beyond such termination and prior to the passage of such 12-month period, the Exercise Termination Event shall be 12 months from the expiration of the Last Triggering Event but in no event more than 18 months after such termination). The "Last Triggering Event" shall mean the last Initial Triggering Event to expire. The term "Holder" shall mean the holder or holders of the Option.

  • Unmatured Termination Event means an event that, with the giving of notice or lapse of time, or both, would constitute a Termination Event.

  • Control Termination Event shall have the meaning given to such term or any one or more analogous terms in the Lead Securitization Servicing Agreement.

  • Event of Termination has the meaning specified in Section 7.01.

  • Swap Termination Event means any event defined as a “Swap Termination Event” in the Interest Rate Swap Agreement.

  • Early Termination Event has the meaning specified in Section 9.2.

  • Operating Advisor Termination Event As defined in Section 7.06(a) of this Agreement.

  • Lease Termination Date means the last day of the Lease Term.

  • Servicer Termination Event shall have the meaning assigned to such term in the Lead Securitization Servicing Agreement or at any time that the Mortgage Loan is no longer subject to the provisions of the Lead Securitization Servicing Agreement, any analogous concept under the servicing agreement pursuant to which the Mortgage Loan is being serviced in accordance with the terms of this Agreement.

  • Automatic Termination shall have the meaning set forth in Section 2.3.2.

  • Terminating Event means any of the following events:

  • Extended Termination Date has the meaning specified in Section 2.16(c).

  • Termination Events means each of the events specified in Clause 10.3 of this Contract.

  • Outside Termination Date shall have the meaning set forth in Section 8.01(f).

  • Special Servicer Termination Event shall have the meaning given to such term in the Lead Securitization Servicing Agreement.

  • Servicer Event of Termination One or more of the events described in Section 7.01.

  • Termination Upon a Change in Control means a termination of Officer’s employment with Corporation within 12 months following a “Change in Control” that constitutes a Termination Other Than For Cause described in Section 2.1(b).