Major Tenant. A tenant of the Borrower or any Subsidiary Guarantor which leases space in a Mortgaged Property pursuant to a Lease which entitles it to occupy thirty percent (30%) or more of the Net Rentable Area of such Mortgaged Property. Agent may in its discretion aggregate any and all Leases to Affiliates to determine whether such Leases should be treated as a Major Lease.
Appears in 3 contracts
Samples: Credit Agreement (Carter Validus Mission Critical REIT, Inc.), Credit Agreement (Carter Validus Mission Critical REIT, Inc.), Credit Agreement (Carter Validus Mission Critical REIT, Inc.)
Major Tenant. A tenant of the Borrower or any Subsidiary Guarantor which leases space in a Mortgaged Property pursuant to a Lease which entitles it to occupy thirty percent (30%) 30,000 square feet or more of the Net Rentable Area of such Mortgaged Property. Agent may in its discretion aggregate any and all Leases to Affiliates to determine whether such Leases should be treated as a Major Lease.
Appears in 2 contracts
Samples: Credit Agreement (Tier Reit Inc), Credit Agreement (Behringer Harvard Reit I Inc)
Major Tenant. A tenant of the Borrower or any Subsidiary Guarantor which leases space in a Mortgaged Borrowing Base Property pursuant to a Lease which entitles it to occupy thirty thirty-five percent (3035%) or more of the Net Rentable Area of such Mortgaged Borrowing Base Property. Agent may in its discretion aggregate any and all Leases to Affiliates to determine whether such Leases tenant should be treated as a Major LeaseTenant.
Appears in 2 contracts
Samples: Credit Agreement (MedEquities Realty Trust, Inc.), Credit Agreement (MedEquities Realty Trust, Inc.)
Major Tenant. A tenant of the Borrower or any Subsidiary Guarantor which leases space in a Mortgaged Collateral Property pursuant to a Lease which entitles it to occupy thirty forty percent (3040%) or more of the Net Rentable Area of such Mortgaged Collateral Property. Agent may in its reasonable discretion aggregate any and all Leases to Affiliates to determine whether such Leases any tenant should be treated as deemed to be a Major LeaseTenant.
Appears in 2 contracts
Samples: Credit Agreement (Wheeler Real Estate Investment Trust, Inc.), Credit Agreement (Wheeler Real Estate Investment Trust, Inc.)
Major Tenant. A tenant of the Borrower or any Subsidiary Guarantor which leases space in a Mortgaged Property pursuant to a Lease which entitles it to occupy thirty forty percent (3040%) or more of the Net Rentable Area of such Mortgaged Property. Agent may in its discretion aggregate any and all Leases to Affiliates to determine whether such Leases should be treated as a Major LeaseTenant.
Appears in 1 contract
Samples: Credit Agreement (Carter Validus Mission Critical REIT II, Inc.)
Major Tenant. A tenant of the Borrower or any Subsidiary Guarantor which leases space in a Mortgaged Borrowing Base Property pursuant to a Lease which entitles it to occupy thirty thirty‑five percent (3035%) or more of the Net Rentable Area of such Mortgaged Borrowing Base Property. Agent may in its discretion aggregate any and all Leases to Affiliates to determine whether such Leases tenant should be treated as a Major LeaseTenant.
Appears in 1 contract
