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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Related to Affiliated Tenant

  • Tenant Affiliate means and refer to any partnership, limited liability company, or corporation or other entity, which, directly or indirectly, through one or more intermediaries, Controls, is Controlled by, or is under common Control with, Tenant.

  • Qualified Tenant means , at any time, a tenant under a Lease of Property that meets the following criteria: (a) either such tenant is itself in occupancy of such Property or, if such Property is occupied by subtenants of such tenant, no member of the Consolidated Group has reason to believe that the failure of such subtenants to occupy such Property would reasonably be expected to result in such tenant defaulting its monetary obligations under the Lease of such Property to which it is a party as lessee, (b) such tenant is not subject to any proceedings under Debtor Relief Laws, (c) such tenant is not more than one month in arrears on its rent payments due under the Lease of such Property to which it is a party as lessee, and (d) if such tenant has one or more sub-tenants, neither the Borrower nor any of its Subsidiaries has actual knowledge, without inquiry or investigation, of any monetary defaults by such sub-tenant(s) under its sublease with such tenant that would reasonably be expected to result in such tenant defaulting its monetary obligations under the Lease of such Property to which it is a party as lessee.

  • Prospective tenant means a tenant or a person who has

  • Affiliated Entity means any entity controlling, controlled by, or under common control with an Insured.

  • Affiliated Party means, with respect to any Purchaser, any person or entity which, directly or indirectly, controls, is controlled by or is under common control with such Purchaser, including, without limitation, any general partner, officer or director of such Purchaser and any venture capital fund now or hereafter existing which is controlled by one or more general partners of, or shares the same management company as, such Purchaser.