Major Leases definition

Major Leases means any Lease other than (i) a lease for less than 100,000 square feet at the Mortgaged Property which conforms to the Leasing Guidelines or (ii) a Lease for less than 28,500 square feet at the Mortgaged Property (irrespective of whether such Lease referred to in this clause (ii) satisfies the Leasing Guidelines).

Major Leases the meaning given in Section 6.2.7.

Major Leases means, with respect to any Borrowing Base Property, (i) any lease of 50,000 or more leasable square feet, in the case of any Property which is a regional mall, or 20,000 or more leasable square feet, in the case of any Property which is a strip center, or (ii) collectively, the leases of space in the Properties by one or more tenants which are affiliates and which operate under separate leases of space within the Properties if the aggregate leasable square footage leased by such affiliates is 50,000 or more leasable square feet, in the case of any Property which is a regional mall, or 20,000 or more leasable square feet, in the case of any Property which is a strip center.

Examples of Major Leases in a sentence

• Borrower represents and warrants to Lender that the Property is not subject to any Major Leases as of the Closing Date.

• All proposed Major Leases shall be on commercially reasonable terms and no Lease shall contain any terms which would materially adversely affect Lender’s rights under the Loan Documents or Mortgage Lender’s rights under the Mortgage Loan Documents.

• Further, all Major Leases and all renewals, amendments and modifications thereof and waivers thereunder executed after the date hereof shall be subject to Lender’s prior written approval.

• Lender shall have received copies of all Major Leases affecting the Property, which shall be satisfactory in form and substance to Lender.

• Any Major Leases with respect to any Property executed after the date hereof shall be subject to Lender’s approval, which approval shall not be unreasonably withheld, conditioned or delayed, provided, however, that renewals of any Major Lease by Mortgage Borrowers initially executed prior to the Closing Date shall not require the approval of Lender if the terms of any such Lease provided for renewals at a reasonably determinable rent.

More Definitions of Major Leases

Major Leases has the meaning set forth in Section 5.11(b).

Major Leases. Any lease or sublease of space by Borrower which demises in excess of 10,000 square feet.

Major Leases means (a) the HEB Lease, (b) the Chick-Fil-A Lease, (c) any Lease which, individually or when aggregated with any other Lease with the same Tenant or any affiliate of such Tenant, assuming the exercise of all fixed expansion rights and other preferential rights to lease additional space at the Property (excluding rights of first offer), covers or is reasonably expected to cover more than ten thousand (10,000) rentable square feet of the Property, (d) any Lease which contains any option, offer, right of first refusal or other similar entitlement to purchase all or any portion of the Property (excluding any rights under any Lease to extend the term thereof or to lease additional space at the Property), (e) any Lease entered, or to be entered, into during the continuance of an Event of Default, and (f) any Lease with an Affiliate of Borrower.

Major Leases. Definition of “Material Contracts”

Major Leases means the lease agreements listed in Schedule A hereto and any other lease agreements entered into by the Borrower pursuant to which the Borrower obtains and occupies land or premises other than any other Site Agreement.

Major Leases. Those Leases, if any, described on Exhibit A attached hereto and made a part hereof.

Major Leases. Means Leases with tenants covering (i) a full floor of a building or (ii) in excess of 25,000 net rentable square feet.