Affiliate of Tenant definition

Affiliate of Tenant means any person, corporation or other entity controlling, controlled by or under common control with, Tenant or in which Tenant shall own at least fifty-one (51%) percent of the voting interests (for purposes of this definition, the word “control” and its related terms, including “controlling,” “controlled by” and “under common control with,” shall mean the possession of the power to direct or cause the direction of the management and policies of a person or entity, whether through the ownership of voting securities, by contract, or otherwise).

Affiliate of Tenant means any person or entity which directly or indirectly, through one or more intermediaries, controls, is controlled by or is under the common control with, Tenant. As used above, the words “control”, “controlled” and “controls” mean the right and power, directly or indirectly through one or more intermediaries, to direct or cause the direction of substantially all of the management and policies of a person or entity through ownership of voting securities or by contract, including, but not limited to, the right to fifty percent (50%) or more of the capital or earnings of a partnership or, alternatively, ownership of fifty percent (50%) or more of the voting stock of a corporation.

Affiliate of Tenant means and refer to any entity controlled by, controlling or under common control with Tenant.

Examples of Affiliate of Tenant in a sentence

• Tenant shall not, without the prior written consent of Landlord, which consent Landlord may withhold in its sole discretion, assign, mortgage, pledge, hypothecate, encumber or otherwise transfer (except to an Affiliate of Tenant or a Permitted Assignee) the Lease or any interest therein, all or any part of the Property, whether voluntarily, involuntarily or by operation of law.

• Notwithstanding anything contained in this Section 13 to the contrary, Tenant may, without the consent of Landlord, (i) grant a collateral assignment and/or a leasehold mortgage or other security instrument to a mortgagee in connection with a loan used to finance the Redevelopment of the Property, (ii) assign this Lease to an Affiliate of Tenant (which remains an Affiliate of Tenant following such Transfer), and (iii) cause the lease-up of the Property in accordance with the Redevelopment Plans.

• No subtenant that is an Affiliate of Tenant shall be required to attorn to Landlord as set forth above in this Section 16.2.

• For the absence of doubt, Tenant shall be permitted to enter into a management agreement with an Affiliate of Tenant without obtaining Landlord’s consent thereto.

• Management Company acknowledges and agrees that Tenant may assign its rights and obligations under this Agreement without prior approval of Management Company to an Affiliate of Tenant or to a third party in connection with the sale of the Facility.

More Definitions of Affiliate of Tenant

Affiliate of Tenant means any entity that is under common control with the Tenant originally named herein, so long as such entity remains in such relationship with the Tenant originally named herein, and "control" shall mean owning more than fifty percent (50 %) of the shares or other beneficial ownership interests of an entity.

Affiliate of Tenant means a proprietorship, corporation, partnership, unincorporated association or other person or entity "controlling", "controlled" by or under common "control " with Tenant. The words "controlling", "controlled" and "control" shall have the meanings given them under the Securities Exchange Act of 1934, as amended.

Affiliate of Tenant means any individual, trust, corporation, partnership, limited liability company, or other entity or person or group of persons who individually or collectively controls Tenant, directly or indirectly, or is directly or indirectly controlled by Tenant or by the person or persons who control Tenant. The terms "control" and "controlled by" shall mean the ownership of more than 50% of the voting interest in Tenant or such controlled person. At present, Tenant is controlled by X. Xxxx Xxxxxxx and Xxxx Xxxxxxx, acting collectively.

Affiliate of Tenant means a corporation or other entity controlled by, controlling or under common control with Tenant. As used in this Lease the terms "control", "controlled by" or "under common control with" shall mean ownership of (x) more than fifty percent (50%) of the outstanding voting stock of a corporation (or other majority equity and control interest if not a corporation), and (y) the possession of power to direct or cause the direction of the management and policy of such corporation or other entity, whether through the ownership of voting securities, by statute, according to the provisions of a contract.

Affiliate of Tenant means any person(s), partnership(s), corporation(s), or other form of business or legal association or entity (i) owning or controlling Tenant, under common ownership or control with Tenant, or controlled by Tenant or (ii) acquiring all or substantially all of Tenant’s assets or ownership interests.

Affiliate of Tenant means any person or entity controlling, controlled by or under common control with Tenant (the term “control” for these purposes shall mean the ability through the ownership of shares or member or partnership interest, as the case may be, to elect a majority of the directors of a corporation or make management decisions on behalf of, or to independently select the managing member or managing partner of, a limited liability company or partnership).

Affiliate of Tenant means (i) any person or entity who directly or indirectly owns five percent (5%) or more of the stock, partnership or other beneficial interest in Tenant, if Tenant is a corporation, partnership or other entity, (ii) any corporation, partnership or other entity of which five percent (5%) or more of the stock, partnership or other beneficial interest or which is owned directly or indirectly by Tenant, and (iii) any corporation, partnership or entity of which five percent (5%) or more of the stock, partnership or other beneficial interest is owned directly or indirectly by any person or entity that owns five percent (5%) or more of the stock, partnership or other beneficial interest of Tenant, if Tenant is a corporation, partnership or other entity.