OPERATING TENANT Sample Clauses
The "Operating Tenant" clause defines the party responsible for actively managing and conducting business operations within the leased premises. Typically, this clause identifies the tenant (or a designated affiliate) who must occupy and use the property for its intended commercial purpose, such as running a retail store or restaurant. By specifying the operating tenant, the clause ensures that the premises are not left vacant or sublet to unauthorized users, thereby protecting the landlord’s interests and maintaining the property's intended use.
OPERATING TENANT. STARWOOD HOTELS & RESORTS WORLDWIDE, INC., a Maryland corporation
OPERATING TENANT. STARWOOD OPERATOR I, LLC, a Delaware limited liability company By: /s/ ▇▇▇▇▇▇▇ ▇▇▇▇▇ Name: ▇▇▇▇▇▇▇ ▇▇▇▇▇ Title: Vice President Purchase and Sale Agreement
OPERATING TENANT. STARWOOD HOTELS & RESORTS WORLDWIDE, INC., a Maryland corporation By: /s/ ▇▇▇▇ ▇▇▇▇▇▇ Name: ▇▇▇▇ ▇▇▇▇▇▇ Title: Senior Vice President and Assistant
OPERATING TENANT. STARWOOD HOTELS & RESORTS WORLDWIDE, INC.,
OPERATING TENANT. ▇▇▇▇▇ NATIONAL ▇▇▇▇-▇▇▇ MT, LLC, a Delaware limited liability company