QUALIFIED TENANT Sample Clauses
The 'Qualified Tenant' clause defines the specific criteria a tenant must meet to be considered eligible under the lease agreement. Typically, this includes requirements such as financial stability, a minimum credit rating, business experience, or other objective standards set by the landlord. By clearly outlining these qualifications, the clause ensures that only tenants who meet certain standards can occupy the premises, thereby reducing the landlord's risk of default and maintaining the quality of tenancy.
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.