Key Tenant definition
Examples of Key Tenant in a sentence
If the amount of such damage is an amount equal to two percent (2%) of the Purchase Price or more or in the event the casualty gives the right to any Anchor Tenant or Key Tenant to terminate its Lease, Buyer shall have the option to terminate this Agreement upon notice to Seller given within twenty (20) days after ▇▇▇▇▇’s receipt of Seller’s written notice of such casualty.
Landlord shall complete such Turn Key Tenant Improvements within a reasonable period of time using reasonable efforts to minimize unreasonable interfere with Tenant’s use of the Premises in the construction thereof, including performing the work outside of normal business hours and completing the work within a two week period.
In addition, the restriction set forth in Section 5.3(a) above shall have no further force or effect with respect to a Key Tenant from and after the date, if any, that such Key Tenant, whether pursuant to such Key Tenant’s Lease or otherwise, notifies the Company, any Participating Member, any Subsidiary, any Affiliate of any of the foregoing or any leasing agent engaged by any of the foregoing that such Key Tenant will not be renewing or will be terminating such Key Tenant’s Lease.
Landlord and Tenant acknowledge that Landlord shall use best efforts to complete the Turn Key Tenant Improvements listed in Exhibit B-1 by the EP Commencement Date.
If the amount of such damage is an amount equal to two percent (2%) of the Purchase Price or more or in the event the casualty gives the right to any Anchor Tenant or Key Tenant to terminate its Lease, Buyer shall have the option to terminate this Agreement upon notice to Seller given within twenty (20) days after Buyer’s receipt of Seller’s written notice of such casualty.
Seller shall have requested that each Guarantor of a Lease with a Key Tenant execute a Guarantee Estoppel in the form attached hereto as Exhibit H.
Except as set forth in the preceding sentence, retainage on account of the Construction Contract shall not be available for advance until the final completion of the Project as approved by the Lender and, if requested by Lender, the Key Tenant, and with Lender having received such final lien waivers as Lender may require in connection therewith.
All of the parties to such agreements are in full compliance with their respective obligations thereunder and there does not exist any condition which would materially and adversely affect the ability of the Key Tenant to fulfill and perform all its obligations under the Key Lease.
The Leases, dated or to be dated on or prior to the Closing Date, between the Borrower and each Key Tenant.
The Lender shall have received a certified or fully executed copy of the Key Lease, together with a current completed tenant estoppel certificate from the Key Tenant, in form and substance satisfactory to Lender.