QUALIFIED TENANT. A Rental Applicant who has received approval pursuant to the terms of this Covenant to occupy the Subject Property pursuant to a rental or lease agreement executed by the Rental Applicant and the Qualified Owner. A person who receives approval as a Qualified Tenant must meet the requirements for approval as a Qualified Occupant for as long as they occupy the Subject Property.
QUALIFIED TENANT. A. Consistent with Landlord’s mission to support the University, Landlord will only lease to a person who is a “Qualified Tenant”, as defined below.
QUALIFIED TENANT. For purposes of this Section 23.5, a "QUALIFIED TENANT" shall mean an entity that (i) has a name and/or logo, and (ii) is in a business line, for which institutional landlords of comparable buildings in the West Los Angeles area ("COMPARABLE LANDLORDS") would typically lease building top signage in connection with the lease of a significant amount of office space (e.g., "The Coca-Cola Company" is a large, well-known, reputable entity, but operates a business (manufacturing and sale of soft-drinks) to which Comparable Landlords do not typically lease building top signage, while "First Bank of Brazil" may be a less well-known or reputable entity, but financial institutions are a business line to which Comparable Landlords typically lease building top signage). In the event that Landlord and Tenant, using their best good-faith efforts, are unable to agree on whether or not the entity to whom Tenant desires to transfer the Building Top Signage is a Qualified Tenant, then such question shall be submitted to arbitration in accordance with Sections 23.5.2.1 through 23.5.2.7 below.
