Tenant’s Interest definition

Tenant’s Interest means Tenant’s entire interest in (a) the Premises, (b) the Improvements, and (c) this Lease.
View Source
Tenant’s Interest. Notice shall be given not earlier than eighteen (18) months prior to the Renewal Date for the second Renewal Term, and not later than fifteen (15) months prior to the Renewal Date for the second Renewal Term. The latest date upon which Tenant may give the Tenant's Interest Notice is referred to as the "Interest Deadline Date." The Fair Market Rent for the second Renewal Term shall be separately determined in accordance with the following procedure. The parties shall first attempt to agree on the Fair Market Rent for the second Renewal Term. If the parties do not agree on the Fair Market Rent within fifteen (15) days following the receipt by Landlord of Tenant's Interest Notice then, within ten (10) days after the expiration of such fifteen (15)-day period, the parties shall attempt to agree upon an appraiser. If the parties agree upon an appraiser, the appraiser so selected shall determine the Fair Market Rent within thirty (30) days after selection. If the parties fail to so agree upon the selection of one such appraiser within such ten (10)-day period, then Tenant and Landlord shall each designate in a written notice to the other, within fifteen (15) Business Days from the end of such ten (10)-day period, one appraiser to determine the Fair Market Rent. In the event either party fails to so select its own appraiser, the appraiser selected by the other party shall determine Fair Market Rent. If two appraisers are so selected, each appraiser shall independently determine the Fair Market Rent for such Related Premises and complete and forward to Landlord and Tenant its separate appraisal report within thirty (30) days after the expiration of such fifteen (15)-business day period. Any appraisal report not so forwarded within such time period shall be excluded. If only one such report is timely forwarded, then the appraisal set forth therein shall be the Fair Market Rent. In the event the two reports are both timely forwarded and the lower appraisal is at least ninety percent (90%) of the higher appraisal, then the arithmetic mean of the two appraisals shall be the Fair Market Rent. In the event the lower appraisal is less than ninety percent (90%) of the higher appraisal then, within fifteen (15) business days after the end of such thirty (30)-day period, the two appraisers shall meet and select a third appraiser. In the event the two appraisers fail to so select a third appraiser, either party may obtain court appointment of such third appraiser. The third ...
View Source
Tenant’s Interest has the meaning ascribed thereto in Section ●.
View Source

Examples of Tenant’s Interest in a sentence

  • In the event of an approved assignment of all of Tenant’s Interest, then after the date of said assignment, Tenant shall have no liability for any obligations of the Tenant under this Lease arising after the date of the assignment.

  • Tenant may as provided in Article XIV below with respect to the financing of the construction of the Improvements, and any refinancing thereof, assign all of Tenant’s Interest to a Leasehold Mortgagee as security for financing of the construction of any of the Improvements, or any refinancing thereof.

  • The contract with each Design Professional and Contractor shall acknowledge that its lien rights shall apply to Tenant’s Interest only and not to Landlord’s Interest.

  • For such purposes, in the event that Tenant encumbers its interest in the Premises, the full amount of the Tenant’s Interest in the Award will be deposited with the Leasehold Mortgagee, and Leasehold Mortgagee shall disburse such Award to be applied towards the cost of such repairs and restorations in accordance with the procedures set forth in Section 7.3 above.

  • If Landlord fails to timely deliver such acceptance, Landlord shall be deemed to have waived its right of first offer and Tenant shall be free for a period of six months, following the earlier of the date of Landlord’s notice or the expiration of the five (5) Business Day period, to sell or assign (or enter into an agreement to sell or assign) Tenant’s Interest on terms that are not materially more favorable than those set forth in the revised Offer.

  • Any portion of the Tenant’s Interest in the Award that shall not have been expended for such repairs or restorations shall be paid to Landlord in respect of Landlord’s Interest and to Tenant in respect of Tenant’s Interest.

  • All of Tenant’s contracts with subcontractors regarding or involving Tenant’s Interest shall contain provisions similar to those contained in Sections 16.1 and 16.2 above.

  • Nothing in this Section 12.6 shall serve to circumvent Landlord’s approval rights to any assignment or partial assignment of Tenant’s Interest under Section 12.1.

  • Notwithstanding the foregoing to the contrary, in the event Tenant encumbers its interest in the Premises, the Tenant’s Interest in the Award shall be disbursed in accordance with the terms and provisions of such leasehold mortgage, and Leasehold Mortgagee may, in its reasonable discretion, direct that the Tenant’s Interest in the Award be applied to the repayment of Tenant’s indebtedness to Leasehold Mortgagee.

  • Tenant shall designate the Extension Premises in Tenant’s Interest Notice under Section 31 below.


More Definitions of Tenant’s Interest

Tenant’s Interest means all right, title, interest and obligations of Tenant under this Lease.
View Source
Tenant’s Interest means, at any time, the Leasehold Interest and the interest of the Tenant in the Improvements at that time.
View Source
Tenant’s Interest has the meaning set forth in Section 20.2.1.
View Source
Tenant’s Interest means all rights, title and interests of LS21 (or where the New Headleases have been granted to two separate entities the Building 1 Tenant and the Building 2 Tenant, so long as the Building 1 Tenant and the Building 2 Tenant are LS21, or each an LS Group Company) in the capital receipts, revenue and income arising from or in connection with the Property including, without limitation, its contractual and property rights under this Agreement, the Development Agreement, the Existing Headlease (as varied from time to time), the Supplemental Lease and the New Headleases, but excluding (for the avoidance of doubt) the Corporate Interests in LS21, the Building 1 Tenant and the Building 2 Tenant;
View Source
Tenant’s Interest means ▇▇▇▇▇▇’s interest in this Lease, the Improvements and the Parking License.
View Source

Related to Tenant’s Interest

  • Tenant’s Personal Property means all motor vehicles, Inventories, FAS and any other tangible personal property of Tenant, if any, acquired by Tenant at its election and with its own funds on and after the date hereof and located at the Leased Property or used in Tenant's business at the Leased Property and all modifications, replacements, alterations and additions to such personal property installed at the expense of Tenant, other than any items included within the definition of Proprietary Information.

  • Leased Property shall have the meaning given such term in Section 2.1.

  • Condominium Property means the lands, leaseholds, and personal property that are subjected to condominium ownership, whether or not contiguous, and all improvements thereon and all easements and rights appurtenant thereto intended for use in connection with the condominium.

  • Leased Premises means the Leased Premises as defined in Paragraph 1.

  • the Premises means the building or part of the building booked and referred to in the contract