Definition of New Tenant


New Tenant means Solomon Holdings I - The Triangle, L.L.C., a Georgia limited liability company.


New Tenant means, with respect to any Income-Producing Project for any Fiscal Quarter, a tenant of such Project which first commenced leasing its premises at such Project during the period from the second day of such Fiscal Quarter through the end of such Fiscal Quarter.

Examples of New Tenant in a sentence

The Seller represents and warrants to Purchaser that the Improvements (except any Tenant's or New Tenant's trade fixtures therein) are insured to the full replacement value thereof with a deductible of not more than $5,000.00, which insurance Seller agrees to keep in full force and effect until the Closing.
All original copies of the Leases and New Leases that are fully executed prior to Closing, Tenant and the subject New Tenant financial statements, their sales reports and other Tenant and the subject New Tenant related documents, and to the extent, if any, that original copies are not delivered, Seller shall deliver copies which shall be accompanied by an affidavit sworn to by Seller confirming that the copies delivered are true and complete copies of the originals.
Tenant hereby agrees to indemnify, defend, protect and hold harmless Landlord, New Tenant and their respective partners, officers, agents, representatives, employees, attorneys, heirs, successors and assigns from and against any and all liability, damages, losses, claims, judgments, awards, and/or causes of action, including attorneys' fees and litigation and arbitration expenses, arising directly or indirectly from or related to the Premises and/or the Lease prior to the Effective Date.
Landlord agrees to give Tenant simultaneous notice of any default by New Tenant in payment or performance of its obligations under the New Lease.
The term New Commencement Date shall mean as follows: The term New Commencement Date shall mean January 1, 2013, or upon the completion of the New Tenant Improvements (as hereinafter defined) to Tenants reasonable satisfaction, whichever shall earlier occur.