Examples of Major Tenant Lease in a sentence

Borrower shall not suffer and shall promptly cause to be paid and discharged any Lien or charge whatsoever which may be or become a Lien or charge against the Property (subject to the rights of the Major Tenant under the Major Tenant Lease to contest the same), and shall promptly pay for all utility services provided to the Property.
Subject to the rights of the Major Tenant under the Major Tenant Lease, Lender may participate in any such proceedings, and Borrower shall from time to time deliver to Lender all instruments requested by it to permit such participation.
Lender acknowledges and agrees that Borrower’s obligations under Sections 3.4 and 3.6 of the Security Instrument shall, in each case, be subject to the rights and obligations of Major Tenant under the Major Tenant Lease.
Loans in this classification must have a well defined weakness or weak- nesses that jeopardize the payment in full of the debt.
Subject to the rights of Major Tenant under the Major Tenant Lease, Borrower shall not initiate or consent to any zoning reclassification of any portion of the Property or seek any variance under any existing zoning ordinance or use or permit the use of any portion of the Property in any manner that could result in such use becoming a non-conforming use under any zoning ordinance or any other applicable land use law, rule or regulation, without the prior written consent of Lender.

More Definitions of Major Tenant Lease

Major Tenant Lease means (i) the Comenity Lease, and any replacement Lease that is acceptable to Lender pursuant to the terms of this Agreement, or (ii) any Lease which, either individually or when taken together with any other Lease with the same Tenant or any Affiliate of such Tenant, and assuming the exercise of all expansion rights and preferential rights to lease additional space contained in such Lease or Leases, (a) covers (or, after giving effect to any such proposed Lease, would cover) no less than 35% of the total rentable square footage at the Property or (b) requires (or, after giving effect to any such proposed Lease, would require) the payment of base rent that is no less than 35% of the total in-place base rent at the Property, in each case under clause (i) or (ii), as the same may be amended, restated, replaced, supplemented or otherwise modified from time to time in accordance with the terms and conditions of this Agreement.

Major Tenant Lease means any Tenant Lease demising 50,000 or more rentable square feet in any Borrowing Base Property.

Major Tenant Lease means the Walgreen’s Lease, and any replacement Lease that is acceptable to Lender pursuant to the terms of this Agreement.

Major Tenant Lease means the Lease between Seller, as landlord, and each Major Tenant, as set forth in Exhibit "G", Items 1 and 2 hereto.

Major Tenant Lease means the Phase 2 Major Tenant Lease and/or Major Retailer Lease. “Major Tenants” means the Home Improvement Center or Phase 2 Alternative Use and/or the Major Retailer.

Major Tenant Lease means any existing Lease or future Lease (i) having a net rentable area occupied or to be occupied thereunder exceeding 10,000 of the net leasable area of the Improvements; (ii) having a lease term, excluding renewal options, that exceeds seven (7) years; (iii) having a tenant that is an Affiliate of Borrower or a related entity of any Guarantor; (iv) that is to be used to satisfy the release of funds deposited with Lender or any agent of Lender or for other rental achievement purposes; or (v) with CVS, Equinox or Marshalls.