Investment Grade Tenant definition

Investment Grade Tenant means a tenant that is rated Aaa to Baa3 by MIS and/or AAA to BBB- by S&P;
Investment Grade Tenant means a tenant that has (or the parent entity of which has) an Investment Grade Rating (provided that the credit rating of the parent entity shall qualify a tenant as an Investment Grade Tenant only if such tenant’s obligations under its lease are guaranteed by such parent entity); provided that each Xxxxxx Tenant shall be deemed to be an Investment Grade Tenant if Xxxxxx guaranties the obligations of such Xxxxxx Tenant under its lease and Xxxxxx maintains a credit rating of (i) BB+ or higher by S&P, (ii) Ba1 or higher by Moody’s or (iii) BB+ or higher by Fitch.
Investment Grade Tenant means (a) a tenant with a Debt Rating of at least Baa3 or better from Xxxxx’x and/or BBB- or better from S&P (it being understood that in the event there is a discrepancy between the Xxxxx’x rating and the S&P rating, the higher of the two ratings will be utilized) or (b) a tenant that is a Wholly-Owned Subsidiary of an entity that meets such ratings requirement provided that such entity has guaranteed such tenant’s obligations under the applicable lease, which guaranty is reasonably acceptable in form and substance to the Administrative Agent.

Examples of Investment Grade Tenant in a sentence

  • No single tenant or -------------------- Affiliates of such tenant pursuant to one or more Leases shall, in the aggregate, lease space in Real Property Assets of Borrower, the REIT or any Loan Party which provides for Rent (including without limitation, percentage rent) in excess of 5%, if such tenant is not an Investment Grade Tenant, or 10%, if such tenant is an Investment Grade Tenant, of the aggregate Rents derived from all Leases of such Real Property Assets.

  • There are fifteen golf courses within thirty miles, two of them in Cheraw.» Lack of Competition – Only CVS in Cheraw, SC, next closest freestanding pharmacy with a drive-thru is over 15 miles away.» Largest U.S. Pharmacy – In 2017, CVS Health Corporation prescription revenue was an estimated $98.1 billion, a 23.8% market share.| 3» Nationally Recognized Investment Grade Tenant – Lease is fully guaranteed by CVS Health Corporation (S&P’s rated BBB+ & Moody’s rated Baa2).

  • NNN Lease - No Early Termination Clause.• Investment Grade Tenant: Starbucks has a S&Prating of BBB+.

  • AFIN PORTFOLIO STRENGTH: AS OF JUNE 30, 2016 Property Type (1) Tenant Credit Rating (1)(2)(3) » Diverse, retail focused property mix » Over 71% Actual & Implied Investment Grade Tenant Ratings Tenant Industry (1) 1) Graphs percentages are based on annualized SLR as of June 30, 2016.

  • The Capitalization Rate shall be equal to, (a) for Real Estate that is primarily used for retail, industrial, warehouse, manufacturing and/or distribution purposes, seven percent (7.0%), and (b) for Real Estate that is primarily used for office purposes, eight percent (8.0%); provided, however, that for any Real Estate with respect to which the entire Net Rentable Area is occupied by a single Investment Grade Tenant, the Capitalization Rate shall be equal to six and one-quarter percent (6.25%).


More Definitions of Investment Grade Tenant

Investment Grade Tenant means any tenant under a net lease of a Borrowing Base Property that has a rating of BBB- or better from S&P or Baa3 from Moodys.
Investment Grade Tenant means any tenant under a Net Lease of a Borrowing Base Property that has a rating of BBB- or better from Standard & Poor's Corporation.
Investment Grade Tenant means either (i) a Tenant that, as of the date of determination, has an Investment Grade Rating, (ii) a Tenant whose Lease is guaranteed by a lease guarantor that, as of the date of determination, has an Investment Grade Rating, or (iii) a Tenant which is a subsidiary of FedEx Corporation provided that, as of the date of determination, FedEx Corporation has an Investment Grade Rating.
Investment Grade Tenant means shall mean a tenant under a Lease whose short term unsecured debt obligations or commercial paper or long term unsecured debt obligations are rated BBB- (or its equivalent) or better by S&P or Baa3 (or its equivalent) or better by Moody’s, and, if rated by both S&P and Moody’s, then rated BBB- (or its equivalent) or better by S&P and Baa3 (or its equivalent) or better by Xxxxx’x. A tenant shall also be deemed to be an Investment Grade Tenant to the extent the applicable Lease is guaranteed by an entity meeting the foregoing criteria.
Investment Grade Tenant means a tenant of a property that has a current credit rating by Standard & Poor's of at least BBB or higher or a comparable credit rating by Moody's Investors Services, Inc., Duff & Phelps Credit Rating Co. xx Xxxch IBCA.
Investment Grade Tenant means any tenant which has an
Investment Grade Tenant means any tenant under a net lease of a Borrowing Base Property that has an Investment Grade Rating.