Key Tenants definition
Examples of Key Tenants in a sentence
All Key Tenants of the Leases shall be occupying the Property and operating its business at the Property and none of the Key Tenants, as defined herein, shall be in default in the payment of rent or performance of any other material obligation under their respective leases.
If Seller is not able to obtain a sufficient number of acceptable tenant estoppel certificates to satisfy the threshold in clause (ii) above, such requirement may be satisfied by Seller providing a certificate executed by Seller for up to two (2) leases (other than the leases of Key Tenants) in the form of Exhibit I attached hereto (a "Seller Certificate").
One (1) original counterpart of a Tenant Estoppel Certificate executed by (i) all tenants listed on Schedule 7.3.7 hereto (the "Key Tenants"), and (ii) tenants whose leases generate not less than sixty (60%) of the rental income of the Property derived from tenants other than the Key Tenants.
An agreement among the Lender, the Borrower and all Key Tenants under a Lease pursuant to which, among other things, such tenant agrees to subordinate its rights under the Lease to the lien of the Security Deed and agrees to recognize the Lender or its successor in interest as landlord under the Lease in the event of a foreclosure under the Security Deed.
In no event shall Seller commence or pursue any legal proceedings against any Tenant after the Closing other than actions against Key Tenants for non-payment of rent.
Key Tenants Michaels Sport Clips Orangetheory Fitness Boston Beauty Massage.
All Key Tenants of the Leases shall be occupying the Property and operating its business at the Property and none of the Key Tenants shall be in default in the payment of rent or performance of any other material obligation under any lease.
All Key Tenants (as defined below) of the Leases shall be occupying the Property and operating its business in the leased premises and none of them shall be in default in the payment of rent or performance of any other material obligation.
The Key Tenants shall be occupying the Property and none of the Key Tenants shall be in default in the payment of rent or performance of any other material obligation.