Minimum Leasing Requirements Sample Clauses
The Minimum Leasing Requirements clause sets out the baseline conditions that a tenant must meet when leasing a property. Typically, this includes stipulations such as the minimum amount of space to be leased, the duration of the lease, and sometimes the types of permissible uses or required tenant improvements. By establishing these requirements, the clause ensures that the landlord secures a certain level of occupancy and rental income, while also providing clarity to tenants about their obligations under the lease.
Minimum Leasing Requirements. (i) All Leases shall be third-party, arm's-length leases.
(ii) All Leases shall satisfy the conditions, standards and requirements under the applicable Hotel Management Agreement, which shall mean collectively, the Management Agreement dated September 27, 2001, Owner Agreement dated September 27, 2001 and Recognition Agreement dated April 3, 2006 respecting the Property, referred to herein as the “Management Agreement”; the applicable Hotel Franchise Agreement, which shall mean any hotel franchise agreement, whether evidenced in a separate franchise agreement or as part of a Management Agreement affecting the Property and any related software and/or hardware licensing, communications and technical support agreements, referred to herein collectively as the “Hotel Franchise Agreement”; and the Operating Lease.
Minimum Leasing Requirements. All new Leases covering the Property entered ----------------------------- into prior to obtaining Mortgagee's prior written consent shall be third-party, arm's-length leases, and shall satisfy the following conditions: