no Tenant definition

no Tenant has filed a petition in bankruptcy or for the approval of a plan of reorganization or management under the Federal Bankruptcy Code or under any other similar state law, or made an admission in writing as to the relief therein provided, or otherwise become the subject of any proceeding under any federal or state bankruptcy or insolvency law, or has admitted in writing its inability to pay its debts as they become due or made an assignment for the benefit of creditors, or has petitioned for the appointment of or has had appointed a receiver, trustee or custodian for any of its property; (vi) no Tenant has requested in writing a modification of its Lease, or a release of its obligations under its Lease in any material respect or has given written notice terminating its Lease, or has been released of its obligations thereunder in any material respect prior to the normal expiration of the term thereof; (vii) except as set forth in the Leases, no jr guarantor has been released or discharged, voluntarily or involuntarily or by operation of law, from any obligation under or in connection with any Lease or any transaction related thereto; (viii) all security deposits paid by Tenants, are as set forth in the Rent Roll; (ix) all tenant finish and lease commissions due with respect to each of the Leases has been paid, except as otherwise set forth on the Rent Roll or Schedule 3.3; and (x) the other information set forth in the Rent Roll is true, correct and complete in all material respects.
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Examples of no Tenant in a sentence

  • To Seller’s Knowledge, as of the Effective Date, no Tenant is in material non-monetary default, or in monetary default, under its Lease except as set forth on the arrearage schedule annexed hereto and made a part hereof as Exhibit K (the “Arrearage Schedule”).

  • So long as no Tenant Event of Default shall have occurred and be continuing, Tenant shall peaceably and quietly have, hold and enjoy the Leased Property for the Term, free of any claim or other action by Landlord or anyone claiming by, through or under Landlord, but subject (i) to the provisions, terms and conditions of this Lease, and (ii) to all liens and encumbrances existing as of the Commencement Date, or thereafter as provided for in this Lease or consented to by Tenant.

  • All factors regarding Additional Rent shall remain unchanged, and no Tenant Allowance shall be included in the absence of further agreement by the parties.

  • Except as indicated on the Rent Roll or Exception Report, no security deposits are being held by Borrower (including bonds or letters of credit being held in lieu of cash security deposits) and no Tenant or other party has any option, right of first refusal or similar preferential right to purchase all or any portion of any Property.

  • No material amounts are payable by Borrower to any Tenant under a Lease (other than in connection with common area maintenance and other routine reconciliations) and no Tenant has the right to require Borrower to perform or finance any Material Alterations or improvements to the space covered by its Lease.

  • If no Tenant claims the spot by August 1st the free spot shall be forfeited.

  • No objects whatsoever will be allowed to be dropped, thrown, propelled or projected from the Premises and no Tenant will permit or suffer such an act.

  • To the best of Mezzanine Borrower’s knowledge, no Tenant at the Premises currently is identified on the OFAC List or otherwise qualifies as a Prohibited Person, and no Tenant at the Premises is owned or Controlled by a Prohibited Person.

  • Furthermore, to Contributor’s and Owner’s knowledge and except as otherwise disclosed in the Rent Roll: (i) no Tenant is in default under its obligations under its respective Tenant Lease, (ii) no events have occurred which, with notice or the passage of time, or both, would constitute such a default by Tenant.

  • There are no Tenant Leases with respect to the Real Property other than the Tenant Leases which are set forth on the Rent Roll.