Subsequent Tenant definition

Subsequent Tenant means any Person that acquires title to, control of, or possession of a Hotel at or through a Foreclosure (together with any successors or assigns), including any (i) Mortgagee; (ii) purchaser or lessee of a Hotel from Mortgagee; or (iii) purchaser of a Hotel at Foreclosure.
View Source
Subsequent Tenant means a Prospective Tenant who is proposed to be housed at the Project other than at its commencement, and as such whose tenancy is additional to those of Initial Tenants or in substitution for an Initial Tenant.
View Source

Examples of Subsequent Tenant in a sentence

  • There shall be no postponement of any Commencement Date or abatement of Rent as a result of any Subsequent Tenant Work or delays in substantially completing the same, under any circumstances.

  • Such Subsequent Tenant Work shall be subject to applicable provisions of the Lease, including Landlord’s approval of the contractors and plans for the work under Article 9 of the Lease, and all such work shall also be subject to the approval of Andcare with respect to Suite 148 and PRI and MD with respect to Suite 144 as further provided in the applicable Sublease and Subsublease.

  • Landlord shall be entitled manage the Subsequent Tenant Work and to receive an administrative fee equal to three percent (3%) of all other amounts included in the cost of the Subsequent Tenant Work.

  • Provided that Tenant shall not ----------------------------------- then be (and shall not at any time during the Term have been) in default under the Lease, any unused portion of the Subsequent Allowance upon completion of the Subsequent Tenant Improvements will be available to Tenant as a credit against any obligations of Tenant under the Lease, subject to the terms of Paragraph 7.

  • The Work Schedule will set forth each of the various items of work to be done or approval to be given by Landlord and Tenant in connection with the completion of the Subsequent Tenant Improvements.

  • Upon completion of the Subsequent Tenant Improvements, as certified to Landlord in writing by the Approved Contractor and as evidenced by a certificate of occupancy issued by the applicable municipal authority, Landlord shall pay to Tenant within thirty (30) days of such completion the lesser of (i) the costs of the Subsequent Tenant Improvements, and (ii) $169,011, representing $9.00 p.r.s.f., toward the costs of the Subsequent Tenant Improvements (the "Subsequent Tenant Allowance").

  • If, after the Final Plans have been prepared and the ------- Subsequent Work Cost Statement has been established, Tenant requires any changes or substitutions to the Final Plans, any additional costs related thereto are to be paid by Tenant to Landlord prior to the commencement of construction of the Subsequent Tenant Improvements.

  • Within ten (10) business days thereafter, Landlord shall deliver to Tenant for Tenant's review and approval, a schedule ("Work Schedule") which will set forth the timetable for the planning and completion of the installation of the Subsequent Tenant Improvements.

  • Landlord and Tenant shall cooperate to mutually determine when the Subsequent Tenant Improvements will be commenced.

  • The Work Schedule will be submitted to Tenant for its approval, which approval Tenant agrees not to unreasonably withhold, and, once approved by both Landlord and Tenant, the Work Schedule will become the basis for completing the Subsequent Tenant Improvements.