Replacement Tenants definition

Replacement Tenants means any Persons (as defined in Article 25) to whom Landlord relets the Premises or any portion thereof pursuant to this Article.

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Replacement Tenants means any person or entity to whom Landlord re-lets the Premises or any portion thereof pursuant to this Article provided that if such person is an affiliate of Landlord or such re-letting is not an arm’s-length transaction, rent with respect to such lease shall be deemed the greater of: (a) the rent actually paid by such person; or (b) the current market rate for the applicable space.

Examples of Replacement Tenants in a sentence

To the fullest extent permitted by Law, all rent and other consideration paid by any Replacement Tenants shall be applied: first, to the Costs of Re-Letting, second, to the payment of any Rent theretofore accrued, and the residue, if any, shall be held by Landlord and applied to the payment of other obligations of Tenant to Landlord as the same become due (with any remaining residue to be retained by Landlord).
Net Re-Letting Proceeds" shall mean the total amount of rent and other consideration paid by any Replacement Tenants, less all Costs of Re-Letting, during a given period of time.
Requests for Sublet, Assignment, Replacement Tenants, or Release from Lease.
Net Re-Letting Proceeds" shall mean the total amount of rent and other consideration actually paid by any Replacement Tenants, less all Costs of Re-Letting, during a given period of time.
The phrase Net Re-Letting Proceeds as used herein shall mean the total amount of rent and other consideration paid by any Replacement Tenants, less all Costs of Re-Letting, during a given period of time.

More Definitions of Replacement Tenants

Replacement Tenants means any individual, trust, partnership, company, joint venture, association, corporation, or any other entity to whom Landlord relets the Premises or any portion thereof pursuant to this Section 19.2.2. Landlord shall have all available remedies provided to Landlord as lessor under this Lease in accordance with applicable Arizona law.

Replacement Tenants shall have the meaning assigned thereto in subsection 3.3(i).

Replacement Tenants. Defined in paragraph 5.2.9.

Replacement Tenants as used herein, shall mean any party or parties to whom Landlord relets the Premises or any portion thereof pursuant to this Article.

Replacement Tenants means any persons not affiliated with Landlord to whom Landlord re-lets the Premises or any portion thereof pursuant to this Article. “Default Rate” shall mean the lower of (i) the sum of (x) the rate per annum equal to the rate of interest announced from time to time by Bank One, N.A., or its successor (and if no successor so exists, then such other major national bank as reasonably selected by Landlord), as its prime rate of interest (such rate to change from time to time as and when such prime rate changes) (the “Prime Rate”), and if there be more than one such rate, then for purposes hereof, the highest rate shall be applicable, plus (y) three percent (3%), and (ii) the highest rate permitted by applicable Law.

Replacement Tenants shall have the meaning specified therefore in Section 23.5.

Replacement Tenants means any Persons (as defined in Article 25) to whom Landlord relets the Premises or any portion thereof pursuant to this Article. The amount of `Net Re-Letting Proceeds' shall be increased by any amounts that Tenant reasonably demonstrates would have been received by Landlord with regard to the Premises, but which Landlord has not received due to its negligent actions.