Leasing Requirements definition

Leasing Requirements means, with respect to any Lease, that such Lease: (a) is entered into with a bona fide third party tenant;
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Leasing Requirements means, with respect to any Lease that is not a Major Lease that such Lease (i) provides for rental rates reasonably comparable to existing local market rates for similar properties, (ii) is on commercially reasonable terms with unaffiliated third parties, and, (iii) does not contain any terms which would have a Material Adverse Effect.
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Leasing Requirements means:
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Examples of Leasing Requirements in a sentence

  • No new building, structure, or other improvement shall be constructed on the Land nor shall any material part of the Improvements be removed, demolished, or structurally or materially altered, without Lender’s prior written consent (except for non-structural tenant improvements required or permitted to be constructed pursuant to Leases approved or deemed approved by Lender pursuant to the Assignment, or within the Minimum Leasing Requirements as provided by the Assignment).

  • Borrower shall not, and Borrower shall not permit any Subsidiary Guarantor to, enter into, amend or renew any Lease without the prior consent of Lender, which consent shall not be unreasonably withheld delayed or, conditioned; provided, however, such consent shall not be required in the case of any Lease which satisfies the Leasing Requirements.

  • All Leases, and any modifications, renewals and extensions of such Leases, that meet the Leasing Requirements and that are not Major Commercial Leases may be executed by the Borrower without obtaining the prior express written consent of the Administrative Agent.

  • Except to the extent inconsistent with the terms of this Lease or to the extent applicable only to the relationship between the City and Landlord, all of the terms and provisions of the Ground Lease applicable to the Demised Premises, including, without limitation, the provisions of Section 10.03 (Required Sublease Clauses), Section 10.04 (Subtenant Non-Disturbance) and Section 23.03 (New Building Space Leasing Requirements), are hereby incorporated in and made a part of this Lease.

  • Seller will report to Buyer on all management and operating activities, including presenting to Buyer all new or modified Tenant Leases that have been entered into in accordance with the Leasing Requirements, new or modified Project Contracts (as permitted under Section 5(k) hereof) and new or modified Personal Property Leases (as permitted under Section 5(k) hereof) for the Project.

  • The Closing shall commence at 10:00 a.m. on the date (the "Closing Date"), within fifteen (15) days after the Leasing Requirements Satisfaction Date, specified by Buyer upon not less than five (5) days written notice to the Seller, and, in any event, subject to Section 2(b) above, the Closing Date shall be not later than July 1, 1999.

  • From and after the Leasing Requirements Satisfaction Date, there shall be no distributions of Net Cash Flow to members of the Company under the Operating Agreement.

  • Except for any Residential Lease that meets the Qualified Leasing Requirements, Borrower shall not enter into any Lease, and shall not substantially modify, or terminate, any Lease unless (a) Bank shall have given its prior written consent thereto, and (b) such Lease is made subordinate to the lien, operation and effect of the Mortgage pursuant to a subordination, non-disturbance and attornment agreement satisfactory to Bank.

  • There is no Lease in effect relating to the Project, any Apartment Unit or any portion of any of the foregoing, except for Leases that satisfy the Qualified Leasing Requirements.

  • The Lender shall have no obligation to make any disbursements from the Leasing Reserve Account prior to the Borrower’s satisfaction of the Leasing Requirements or during the existence of an Event of Default, or there remains insufficient funds in the Leasing Reserve Account for disbursement.


More Definitions of Leasing Requirements

Leasing Requirements means, with respect to any Lease, that such Lease: (a) is entered into with a bona fide third party tenant; (b) is an arm’s length lease for actual occupancy of the premises demised thereunder by the applicable tenant; (c) is on market terms and does not contain any rental or other concessions which are not required due to market conditions as offered for competitive space; (d) provides that the tenant thereunder is required to pay a pro rata share (based on square footage of space) of, or increases in, taxes, insurance, or other operating expenses; (e) does not have a purchase option or right of first refusal to purchase the Mortgaged Premises or any portion thereof; and (f) by its terms provides for automatic subordination to the Security Instrument and the Assignment of Leases.
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Leasing Requirements means, with respect to any Lease that is not a Major Lease, that such Lease (i) is written on the Approved Lease Form; (ii) provides for rental rates comparable to existing local market rates for similar properties; (iii) is an arm’s-length transaction with an unrelated third party tenant (unless otherwise agreed by Lender); (iv) provides that such Lease is subordinate to the Security Instrument and that the lessee will attorn to Lender and any purchaser at a foreclosure sale; and (v) does not contain any option to purchase the Property or any other terms which would have a Material Adverse Effect.
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Leasing Requirements means the (A) renewal of the Required Lease for the entire Building (as hereinafter defined) for the first five (5) year renewal term provided for under the Required Lease or (ii) execution of a new lease with a new tenant or tenants for no less than ninety percent (90%) of the rentable area of the Building on terms and conditions acceptable to the Lender with a tenant or tenants whose credit is acceptable to the Lender, which leases will provide a debt service coverage ratio of not less than 1.40 to 1 for not less than a five (5) year term commencing upon scheduled expiration date for the Required Lease. (ii) “Leasing Costs” shall mean (A) the costs reasonably incurred by the Borrower to perform, or cause to be performed, tenant improvements required under any replacement lease or modification, renewal or extension of the Required Lease; and (B) the costs of leasing commissions incurred by Borrower in connection with the leasing of the Building or any portion thereof, provided that (x) such leasing commissions are reasonable and customary for properties similar to the Property and the portion of the Property leased for which such leasing commission is due, and (y) the amounts of such leasing commissions are determined pursuant to arm’s length transactions between Borrower and any leasing agent to which a leasing commission is due, and excluding any leasing commissions which shall be due any member, general partner or shareholder of Borrower or any affiliate of Borrower, except that Lender acknowledges (i) that an affiliate of Borrower may receive a “co-broker” commission of one percent (1%) in excess of the brokerage commission otherwise payable to CBRE (or any broker retained by Borrower to replace CBRE) pursuant to its listing agreement with Borrower and (ii) if Borrower’s leasing agent affiliate is the sole procuring broker Borrower’s affiliate can receive a market rate commission.
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Leasing Requirements shall having the meaning set forth in Section 5(e) and Exhibit E.
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Leasing Requirements means, with respect to any Lease, that such Lease: (a) is entered into with a bona fide third party tenant; (b) is an arm’s length lease for actual occupancy of the premises demised thereunder by the applicable tenant; (c) is on market terms and does not contain any rental or other concessions which are not required due to market conditions as offered for competitive space; (d) provides that the tenant thereunder is required to pay a pro rata share (based on square footage of space) of, or increases in, taxes, insurance, or other operating expenses; (e) does not have a purchase option or right of first refusal to purchase the Mortgaged Premises or any portion thereof; and (f) by its terms provides for Voya Loan No.: 30340 automatic subordination to the Security Instrument and the Assignment of Leases. With regard to clause (d) above, in connection with a pad site Lease, such Lease may provide that tenant is responsible for all ad valorem taxes for such premises, the insurance for the Improvements on the leased premises and operation and maintenance of all common areas on the leased premises in order to comply with the requirements of clause (d) above.
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Related to Leasing Requirements

  • Monitoring Requirements Schedule means the Schedule containing details of the monitoring arrangements.

  • Listing Requirements means the Main Market Listing Requirements of Bursa Securities.

  • Maintenance Requirements shall have the meaning set forth in Clause 14.2;

  • Reporting Requirements As defined in Section 11.15.

  • MREL Requirements means the laws, regulations, requirements, guidelines, rules, standards and policies relating to minimum requirements for own funds and eligible liabilities applicable to the Issuer and/or the Group, from time to time, (including any applicable transitional or grandfathering provisions), including, without limitation to the generality of the foregoing, any delegated or implementing acts (such as regulatory technical standards) adopted by the European Commission and any regulations, requirements, guidelines, rules, standards and policies relating to minimum requirements for own funds and eligible liabilities adopted by the Federal Republic of Germany or the Republic of Italy, a relevant resolution authority or the European Banking Authority from time to time (whether or not such requirements, guidelines or policies are applied generally or specifically to the Issuer and/or the Group), as any of the preceding laws, regulations, requirements, guidelines, rules, standards, policies or interpretations may be amended, supplemented, superseded or replaced from time to time.