Affiliated Tenant definition

Affiliated Tenant. When used with respect to any Person, any other Person which Controls, is Controlled by3 or is under common Control with such Person, provided the ultimate beneficial owner of such Person has assets under management valued to be substantially the same, or greater than the ultimate beneficial owner of such Person and cash reserves that are substantially the same, or greater than the ultimate beneficial owner of such Person.
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Affiliated Tenant means any Tenant that is controlled, directly or indirectly, by Guarantor.
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Affiliated Tenant means any Tenant in which Borrower, Operating Lessee, Operating Lessee Pledgor or Guarantor has, directly or indirectly, any legal, beneficial or economic interest.
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Examples of Affiliated Tenant in a sentence

  • The complete buildouts of Phases 1 & 2 may overlap depending on market and economic conditions.

  • Notwithstanding the provisions of the Deed of Trust to the contrary, all Leases (if any) shall be entered into with tenants acceptable to Bank, provided that Borrower shall not be required to obtain Bank’s consent in connection with any Lease with, or occupancy or use of the Property by, an Affiliated Tenant.

  • The Affiliated Tenant has agreed to allow the security deposit previously deposited to be applied to the security deposit due from Tenant.

  • Tenant hereby represents to Landlord that by executing this Lease Agreement, Tenant covenants that Tenant has obtained the consent of Affiliated Tenant to take over the area of the leased premises presently being rented by Affiliated Tenant.

  • The Affiliated Tenant has previously deposited $3,454.50 as security hereunder.


More Definitions of Affiliated Tenant

Affiliated Tenant means an “Affiliate,” as that term is defined in Section 14.8 of the Original Lease, that succeeds the entire interest of Tenant under the Lease, as amended.
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