Credit Tenant definition

Credit Tenant. The tenant or guarantor under a Credit Tenant Lease with a credit rating of BBB- or better by at least two (2) Rating Agencies.

Credit Tenant means a tenant rated at least Baa3 by Moody's and BBB- by Standard & Poor's, approved by Buyer, under a Credit Lease.

Credit Tenant means any Tenant that has an S&P rating of BBB- or better, a Xxxxx’x rating of Baa3 or better, or a Fitch Rating of BBB- or better or whose lease obligations are fully guaranteed by an entity that has an S&P rating of BBB- or better, a Xxxxx’x rating of Baa3 or better, or a Fitch Rating of BBB- or better.

Examples of Credit Tenant in a sentence

• Unless the Letter of Credit is automatically renewing, at least thirty (30) days prior to the maturity date of the Letter of Credit (or any replacement Letter of Credit), Tenant shall deliver to Landlord a replacement Letter of Credit which shall have a maturity date no earlier than the next anniversary of the Term Commencement Date or one (1) year from its date of delivery to Landlord, whichever is later.

• If Landlord draws upon the entire amount of the Letter of Credit, Tenant may deliver a replacement Letter of Credit to Landlord, instead of depositing cash with Landlord, equal to the original amount of the Letter of Credit.

• If, not less than thirty (30) days before the scheduled expiration of the Letter of Credit, Tenant has not delivered to Landlord a new Letter of Credit having a commencement date immediately following the expiration of the existing Letter of Credit in accordance with this Section, Landlord shall also have the right to draw upon the full amount of the Letter of Credit without giving any further notice to Tenant.

• In the event Landlord draws against the Letter of Credit, Tenant shall replenish the existing Letter of Credit or cause a new Letter of Credit to be issued such that the aggregate amount of letters of credit available to Landlord at all times during the Lease Term is the amount of the Security Deposit originally required.

• Unless the Letter of Credit is automatically renewing, at least thirty (30) days prior to the maturity date of the Letter of Credit (or any replacement Letter of Credit), Tenant shall deliver to Landlord a replacement Letter of Credit which shall have a maturity date no earlier than the next anniversary of the Commencement Date or one (1) year from its date of delivery to Landlord, whichever is later.

More Definitions of Credit Tenant

Credit Tenant means a tenant under a Space Lease which has a long term unsecured senior debt rating of (a) BBB- or better as issued by Standard & Poor’s or (b) Baa3 or better as issued by Mxxxx’x.

Credit Tenant means any Person which has entered into, and continues to be subject to, a lease of any portion of a Property and has a rating of at least BBB- assigned to its senior long-term debt obligations by S&P or Mxxxx'x. For purposes of this Agreement, Publix Super Markets, Inc. shall be deemed a Credit Tenant.

Credit Tenant means a tenant under a Credit Tenant Lease.

Credit Tenant. The Tenant under a Credit Lease securing a Credit Lease Loan.

Credit Tenant means any Person which has entered into, and continues to be subject to, a lease of any portion of a Property and has a rating of at least BBB- assigned to its senior long-term debt obligations by Standard and Poor's Ratings Services, a Division of the McGraw-Hill Companies, Inc. For purposes of this Agreement, Publix Super Markets, Inc. shall be deemed a Credit Tenant.

Credit Tenant means the credit tenant under the credit tenant lease securing any Security.

Credit Tenant means a commercial tenant leasing space within the Shopping Center whose credit worthiness and lease terms are consistent with good industry leasing standards and are at least as favorable to the landlord as the tenants (and lease terms applicable thereto) that occupy as of the date of this Agreement The Court at Oxford Valley and Northeast Tower Center.