Tenant’s Interest definition

Tenant’s Interest means Tenant’s entire interest in (a) the Premises, (b) the Improvements, and (c) this Lease.
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 ...
Tenant’s Interest means all right, title, interest and obligations of Tenant under this Lease.

Examples of Tenant’s Interest in a sentence

  • 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.

  • 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.

  • 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.

  • This Pre-Annexation Agreement (the “Agreement”) is made and entered into by and between the City of Harrisburg (the “City”) and the undersigned property owners (the “Owners”).

  • Landlord shall have until thirty (30) days from the date of its receipt of the Offer to elect to accept the Offer and purchase Tenant’s Interest on the terms and conditions set forth in said Offer (except that a formal purchase and sale agreement shall be prepared by Tenant after said election to document all terms and conditions and subject to Landlord’s reasonable approval).

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  • 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.

  • 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.

  • 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.

  • 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.


More Definitions of Tenant’s Interest

Tenant’s Interest has the meaning ascribed thereto in Section ●.
Tenant’s Interest means, at any time, the Leasehold Interest and the interest of the Tenant in the Improvements at that time.
Tenant’s Interest has the meaning set forth in Section 20.2.1.
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;

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

  • Subleased Premises means all that portion of the Leased Premises referred to as airport lot as outlined on the site diagram attached as Schedule "A" to this Sublease; and

  • Tenant’s Property means Removable Installations and, other than Installations, any personal property or equipment of Tenant that may be removed without material damage to the Premises, and (z) “Installations” means all property of any kind paid for by Landlord, all Alterations, all fixtures, and all partitions, hardware, built-in machinery, built-in casework and cabinets and other similar additions, equipment, property and improvements built into the Premises so as to become an integral part of the Premises, including, without limitation, fume hoods which penetrate the roof or plenum area, built-in cold rooms, built-in warm rooms, walk-in cold rooms, walk-in warm rooms, deionized water systems, glass washing equipment, autoclaves, chillers, built-in plumbing, electrical and mechanical equipment and systems, and any power generator and transfer switch.

  • Demised Premises or “Premises” (and whether or not capitalized) is used herein, it shall be understood to mean the “premises leased hereby”; and whenever the term “Entire Premises” is used herein (and whether or not capitalized), it shall be understood to mean all of the contiguous land and buildings owned by Landlord at this location, which include the premises leased hereby. The term “Non-leased Premises” shall mean the Entire Premises less the Leased Premises.

  • Condominium unit A Single Family Property within a Condominium Project.

  • The Building means any building of which the Property forms part.

  • Condominium Act means Article 9-B of the New York Real Property Law (339-d et seq.), together with the administrative rules promulgated thereunder, and all amendments and replacements thereof, and all regulations with respect thereto now or hereafter promulgated.

  • Condominium Project Real estate including the separate ownership in fee, or on a satisfactory leasehold estate, of a particular residential unit with an indivisible interest in the real estate designated for common ownership strictly by unit owners.

  • Lessee means a person who acquires the right to possession and use of goods under a lease. Unless the context clearly indicates otherwise, the term includes a sublessee.

  • Sublessee means any party to whom Lessee grants the right to possess all or any portion of the Premises according to a Sublease.

  • Tenant means a person entitled under a rental agreement to occupy a dwelling unit to the exclusion of others.

  • Office Premises means any building, facility, or portion thereof, or other premises, whether owned or controlled by CP, which is used solely for clerical or administrative purposes and which does not contain heavy equipment or machinery, as designated by CP from time to time;

  • Residential Rental Unit means an area legally licensed or permitted for use as a living space containing a sleeping area, bathing and sanitation facilities and cooking facilities equipped with a cooking range, refrigerator and sink, all of which are separate and distinct from other Residential Rental Units. Reg. §§ 1.103-8(a) 8(i).

  • Landlord Work means the work, if any, that Landlord is obligated to perform in the Premises pursuant to a separate agreement (the “Work Letter”), if any, attached to this Lease as Exhibit C.

  • Subtenant means any Person entitled to occupy, use, or possess any Premises under a Sublease.

  • Residential rental property means property that is used solely as leased or rented property for residential purposes. If the property is a space rental mobile home park, residential rental property includes the rental space that is leased or rented by the owner of that rental space but does not include the mobile home or recreational vehicle that serves as the actual dwelling if the dwelling is owned and occupied by the tenant of the rental space and not by the owner of the rental space.

  • Landlord Personal Property Collateral Access Agreement means a Landlord Waiver and Consent Agreement substantially in the form of Exhibit S, with such amendments, modifications or supplements as may be approved by Collateral Agent.

  • Landlord Consent and Estoppel means, with respect to any Leasehold Property, a letter, certificate or other instrument in writing from the lessor under the related lease, pursuant to which, among other things, the landlord consents to the granting of a Mortgage on such Leasehold Property by the Credit Party tenant, such Landlord Consent and Estoppel to be in form and substance acceptable to Collateral Agent in its reasonable discretion, but in any event sufficient for Collateral Agent to obtain a Title Policy with respect to such Mortgage.

  • Tenants means the tenants under the Leases.

  • Landlord Consent means a Landlord Consent substantially in the form of Exhibit G.

  • Leased Properties have the meaning set forth in Section 3.16 herein.

  • Occupant means any person or persons over the age of eighteen years in possession of the property.