Common use of Material Lease Clause in Contracts

Material Lease. all Leases which individually or in the aggregate with respect to the same tenant and its Affiliates (i) cover more than 80,000 square feet of the Improvements or (ii) have a gross annual rent of more than twelve percent (12%) of the total annual Rents. The Master Lease is deemed to be a Material Lease.

Material Lease. all Leases which individually or in the aggregate with respect to the same tenant and its Affiliates (i) cover more than 80,000 square feet of the Improvements or (ii) have a gross annual rent of more than twelve percent (12%) of the total annual Rents. The Master Lease is deemed to be a Material Lease.

Material Lease. all Leases which individually or in the aggregate with respect to the same tenant and its Affiliates (i) cover more than 80,000 35,000 square feet of the Improvements or (ii) have a gross annual rent of more than twelve five percent (125%) of the total annual Rents. The Master Lease is deemed to be a Material LeaseRents or (iii) demise at least one (1) full floor of the Improvements.

Material Lease. all Leases which individually or in the aggregate with respect to the same tenant and its Affiliates (i) cover more than 80,000 21,000 square feet of the Improvements or (ii) have a gross annual rent of more than twelve ten percent (1210%) of the total annual Rents. The Master Lease is deemed to be a Material LeaseRents or (iii) demise at least one full floor of the Improvements.