Amazon Lease definition
Examples of Amazon Lease in a sentence
Seller shall deliver Landlord Estoppels in the form attached hereto as Exhibit C-1 for any Lease (except the Amazon Lease) for which Landlord does not deliver a Tenant Estoppel.
Seller shall have delivered Tenant Estoppels or Landlord Estoppels under each Lease (except the Amazon Lease) dated within thirty (30) days of the Closing Date.
Seller shall receive 50% of any portion of the Construction Management Fee received or retained out of the TI Allowance (as defined in the Amazon Lease) by Purchaser following the Closing, in accordance with Section 4.7 hereof.
If the base rent payable under the Amazon Lease is reduced in connection with Amazon’s audit rights with respect to construction costs related to the Project under the Amazon Lease, and after giving effect to such base rent reduction, the Project fails to generate a Debt Yield of at least nine percent (9.0%) (the “Minimum Debt Yield”), then within ten (10) days of Lender’s demand, Borrower shall prepay principal of the Loan by the amount necessary to satisfy the Minimum Debt Yield.
All alterations, installations, decorations and other work required to be performed by Seller, as landlord, under the provisions of the Amazon Lease have been completed and fully paid for.
Within twenty four (24) months after the date of the termination of the Amazon Lease, Borrower will deliver to Lender an Approved Re-Leasing Plan, unless prior to such date Borrower shall have delivered to Lender either (a) Approved Replacement Leases sufficient to cause the Debt Service Coverage Ratio to be greater than 1.25 to 1.00, or (b) Approved Replacement Leases covering the entire premises.
Seller will receive all rents (including all accrued tax and operating expense pass-throughs), charges and other revenue of any kind receivable from the Amazon Lease up to, but not including, the Closing Date.
To the best of Borrower’s knowledge, the Budget accurately reflects all costs to complete the Improvements and operate the Property through the date currently projected for the commencement of Amazon Tenant’s obligations to pay base rent under the Amazon Lease.
Seller will continue to manage such contracts to complete the work in accordance with the Amazon Lease.
Seller shall complete Landlord’s Work consistent with the Building Plans as defined in the Amazon Lease and otherwise in accordance with the Amazon Lease, and, without limiting the foregoing, shall cause all contractors and other parties entitled to compensation for such work to be fully paid, and any liens asserted against the Property to be released.