Definition of Major Tenant


Major Tenant means a tenant of a Loan Party under a lease of Property which entitles it to occupy 15,000 square feet or more of the net rentable area of such Property.


Major Tenant means the following Tenants: (a) Longs Drug Stores California, Inc., (b) Pier 1 Imports (U.S.), Inc., (c) Servco Pacific, Inc., and (d) Pali Lanes LLC.

Major Tenant means each of U.S. Cellular and Foth.

Examples of Major Tenant in a sentence

No Major Tenant shall be in default under its Lease after any applicable grace period nor shall a Major Tenant filed bankruptcy or sought any similar debtor protective measure or be the subject of an involuntary bankruptcy.
Upon Purchasers request, Seller shall deliver to each Major Tenant a subordination, non-disturbance and attornment agreement (SNDA) in the form, or limited to the substance, prescribed by each Major Tenants Lease, or if no form is required or substance prescribed, then in a commercially reasonable form required by Purchasers lender, provided such form is provided to Seller at least five (5) days prior to the expiration of the Evaluation Period.
Notwithstanding the foregoing, Seller agrees to request that each Major Tenant and other Tenants in the buildings and any REA Party execute an estoppel certificate in the form reasonably requested by Purchaser and annexed hereto as Exhibit G or such form as reasonably required by Purchasers lenders if such form is provided to Seller at least five (5) days prior to the end of the Evaluation Period.
No later than five (5) Business Days after the end of the Evaluation Period, Seller will request each Major Tenant and other Tenants in the buildings and any REA Party to execute an estoppel certificate in the form of Exhibit G or such form as reasonably required by Purchasers lenders if such form is provided to Seller at least five (5) days prior to the end of the Evaluation Period and use good faith efforts to obtain same.
It will be a condition to Closing that Seller obtain from each Major Tenant an executed estoppel certificate in the form, or limited to the substance, prescribed by each Major Tenants Lease.