Material Tenant Lease definition

Material Tenant Lease means any Tenant Lease, or series of related Tenant Leases, by any Tenant (and such Tenant’s Affiliates) of space at one or more of the Tower Sites which (i)(a) provides for annual rent or other payments in an amount equal to or greater than $250,000, and (b) may not be cancelled by the applicable Tenant (or related Affiliate) on thirty (30) days’ notice without payment of a termination fee, penalty or other cancellation fee, (ii) obligates any of the Asset Entities to make any improvements to the Tower Sites either directly or through cash allowances (including, without limitation, free rent, tenant improvement allowances, or landlord’s construction work) to the applicable Tenant (and related Affiliates) in excess of $100,000, or (iii) is a ground lease or easement where any of the Asset Entities is the landlord under such ground lease or grantor under such easement, as applicable.
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Material Tenant Lease means (i) the Ionis Lease and (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 30% 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 30% 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.
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Material Tenant Lease means any Tenant Lease, or series of related Tenant Leases, by any Tenant (and such Tenant’s Affiliates) of space at one or more of the Tenant Site Assets which (a) provides for annual rent or other payments in an amount equal to or greater than (i) in fiscal year 2016, $40,000, and (ii) in each fiscal year thereafter, the sum of $40,000 and the product of (A) $40,000, (B) 3.0% and (C) the number of full years elapsed since December 31, 2015 and (b) may not be cancelled by the applicable Tenant (or related Affiliate) on thirty (30) days’ notice without payment of a termination fee, penalty or other cancellation fee.
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Examples of Material Tenant Lease in a sentence

  • On each Monthly Payment Date during a Material Tenant Lease Sweep Period, all Available Cash shall be paid to Lender, which amounts shall be transferred by Lender into an Account (the “Material Tenant Lease Sweep Account”).

  • If a Trigger Period shall be continuing (other than a Trigger Period continuing solely because of the continuance of a Material Tenant Lease Sweep Period), all Available Cash shall be paid to Lender, which amounts shall be transferred by Lender into an Account (the “Cash Collateral Account”) to be held by Lender as cash collateral for the Debt.

  • Amounts deposited from time to time into the Material Tenant Lease Sweep Account shall collectively be referred to herein as the “Material Tenant Lease Sweep Funds”.


More Definitions of Material Tenant Lease

Material Tenant Lease means any Tenant Lease, or series of related Tenant Leases, by any Tenant (and such Tenant’s Affiliates) of space at one or more of the Cellular Sites which (a) provides for annual rent or other payments in an amount equal to or greater than $35,000, and such amount shall be increased by 3.5% each year following the Initial Closing Date and (b) may not be cancelled by the applicable Tenant (or related Affiliate) on thirty (30) days’ notice without payment of a termination fee, penalty or other cancellation fee.
Sample 1
Material Tenant Lease means, collectively, (i) The Gas Company Tower Amended and Restated Office Lease dated as of May 12, 2010, as amended by the First Amendment to Amended and Restated Office Lease dated as of December 9, 2010, as further amended by the Second Amendment to Amended and Restated Office Lease dated as of September 27, 2011, as further amended by the Third Amendment to Amended and Restated Office Lease dated June 30, 2014, and as supplemented by the Notice by Landlord re Relocation of Storage Space dated December 9, 2014, (ii) The Gas Company Tower Office Lease (Third Floor), dated as of October 14, 2010, as amended by the First Amendment to Lease (Third Floor) dated as of August 27, 2013, as further amended by the Second Amendment to Office Lease dated May 29, 2015, and as supplemented by the Notice of Lease Term (Suite 2800) dated November 9, 2015, and (iii) The Gas Company Tower Office Lease (Twenty-Second Floor) dated as of April 5, 2013, as amended by the First Amendment to Amended and Restated Office Lease (Floor 22 addition of Floor 23) dated as of December 23, 2013, as each of the foregoing may be further amended, supplemented or otherwise modified from time to time in accordance with this Agreement.
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Material Tenant Lease means any Lease at any Individual Property which covers more than fifteen percent (15%) of the net rentable area of the Properties (as a whole) then remaining subject to the lien of the Security Instruments.
Sample 1
Material Tenant Lease means a Tenant Lease demising more than 10,000 square feet of space.
Sample 1

Related to Material Tenant Lease

  • Tenant Lease means any lease entered into by the Borrower, any Loan Party or any Subsidiary with respect to any portion of a Property.

  • Tenant Leases means leases, subleases, licenses or other use agreements between Seller and tenants with respect to Real Property, if any.

  • Material Lease has the meaning set forth in Section 3.17(a).

  • Property Lease means any Depot Lease, any lease in respect of a Managed Station Area, any lease in respect of Shared Facilities or any Station Lease and any agreement or lease of a similar or equivalent nature (whether in respect of any such facility or otherwise) which the Franchisee may enter into with a person who has an interest in a network or a railway facility which is to be used for or in connection with the provision or operation of the Franchise Services;

  • Company Lease means any lease, sublease, sub-sublease, license and other agreement under which the Company or any of its Subsidiaries leases, subleases, licenses, uses or occupies (in each case whether as landlord, tenant, sublandlord, subtenant or by other occupancy arrangement), or has the right to use or occupy, now or in the future, any real property.

  • Real Property Lease means any lease, sublease, license or other Contract with respect to Real Property.

  • Material Leases has the meaning set forth in Section 3.7(a).

  • Space Lease The space or occupancy lease pursuant to which any Borrower holds a leasehold interest in the related Mortgaged Property, together with any estoppels or other agreements executed and delivered by the lessor in favor of the lender under the related Mortgage Loan(s).

  • Material Leasehold Property means a Leasehold Property which (a) is a retail or super store or distribution center or (b) has been reasonably determined by the Administrative Agent to be of material value as Collateral or of material importance to the operations of the Credit Parties after weighing the value of such property as additional Collateral against the costs and expenses associated with satisfying the requirements of Section 6.13.

  • Space Leases means any Lease or sublease thereunder (including, without limitation, any Major Space Lease) or any other agreement providing for the use and occupancy of a portion of the Property as the same may be amended, renewed or supplemented.

  • Operating Lease means, as applied to any Person, any lease of any property (whether real, personal or mixed) by that Person as lessee which is not a Capital Lease.

  • Ground Lease means a lease creating a leasehold estate in real property where the fee owner as the ground lessor conveys for a term or terms of years its entire interest in the land and buildings and other improvements, if any, comprising the premises demised under such lease to the ground lessee (who may, in certain circumstances, own the building and improvements on the land), subject to the reversionary interest of the ground lessor as fee owner. With respect to any Mortgage Loan where the Mortgage Loan is secured by a Ground Leasehold estate in whole or in part, and the related Mortgage does not also encumber the related lessor’s fee interest in such Mortgaged Property, based upon the terms of the Ground Lease and any estoppel or other agreement received from the ground lessor in favor of Mortgage Loan Seller, its successors and assigns (collectively, the “Ground Lease and Related Documents”), Mortgage Loan Seller represents and warrants that:

  • Material Leased Real Property shall have the meaning assigned to such term in Section 5.10(b).

  • Subleases means the sublease(s) and other documentation listed in Part [3B] of the Schedule;]

  • Leases means any and all leases, subleases, tenancies, options, concession agreements, rental agreements, occupancy agreements, franchise agreements, access agreements and any other agreements (including all amendments, extensions, replacements, renewals, modifications and/or guarantees thereof), whether or not of record and whether now in existence or hereafter entered into, affecting the use or occupancy of all or any portion of any Real Property.

  • Operating Leases means all real or personal property leases under which any Company is bound or obligated as a lessee or sublessee and which, under GAAP, are not required to be capitalized on a balance sheet of such Company; provided that Operating Leases shall not include any such lease under which any Company is also bound as the lessor or sublessor.

  • Company Leases shall have the meaning set forth in Section 3.12(a).

  • Real Property Leases means all leases, sub-leases, licenses or other agreements, in each case, pursuant to which any Group Company leases or sub-leases any real property.

  • Major Lease shall have the meaning assigned to such term in the Mortgage Loan Agreement.

  • Existing Leases means those leases, license agreements and occupancy agreements identified on Schedule 2.1.3, as the same may be amended or modified from time to time in accordance with the terms of this Agreement.

  • Master Leases means the PropCo Master Leases and each other Material Master Lease.

  • Ground Leases Those certain leases with respect to real property that is a portion of the Leased Property, pursuant to which Landlord is a tenant and which leases have either been approved by Tenant or are in existence as of the date hereof and listed on Schedule A hereto.

  • Sublease means a lease of goods the right to possession and use of which was acquired by the lessor as a lessee under an existing lease.

  • Real Estate Leases is defined in Section 4.7.

  • Personal Property Leases has the meaning set forth in Section 2.1(e).

  • Major Tenants has the meaning ascribed to such term in Section 7.2.