Successor Tenant definition

Successor Tenant. As defined in Section 36.1.

Successor Tenant. As defined in Section 9.3(c).

Successor Tenant has the meaning ascribed to such term in Section 20.4(b) hereof. "Surety Bond" means a surety company payment and performance bond, in form and substance and issued by a surety company licensed in the State guaranteeing to Landlord (and to such other Persons as Tenant shall determine appropriate) Builder’s completion of such Construction, in accordance with the contract with Builder, fully paid and free and clear of all liens, encumbrances, security interests, and other charges, except as this Lease permits. Such Surety Bond shall be in an amount equal to at least 110% of the cost (as estimated by Tenant’s State licensed architect) of all materials and labor for any Construction for (a) any and all Improvements which may be required within dedicated rights of way and/or public facility easements, and (b) public works as described in section 255.05, Fla. Stat. (2012), as same may be amended from time to time for all public works.

Examples of Successor Tenant in a sentence

• Any Tenant’s Property left on the Leased Property at the end of the Term whose ownership was not transferred to a Successor Tenant shall be deemed abandoned by Tenant and shall become the property of Landlord.

• Tenant shall remove all of Tenant’s Property from the Leased Property at the end of the Term, except to the extent Tenant has transferred ownership of such Tenant’s Property to a Successor Tenant or Landlord.

• Upon designation of a Successor Tenant (pursuant to either Section 36.1 or 36.2, as the case may be), Tenant shall reasonably cooperate and take all actions reasonably necessary (including providing all reasonable assistance to Successor Tenant) to effectuate the transfer of operational control of the Facilities to Successor Tenant in an orderly manner so as to minimize to the maximum extent possible any disruption to the continued orderly operation of the Facilities for its Primary Intended Use.

• Landlord and Tenant shall first attempt to agree on the amount of Successor Tenant Rent that it will be assumed Landlord will be entitled to receive for a term of ten (10) years and pursuant to a lease containing substantially the same terms and conditions of this Master Lease (other than, in the case of a new lease at the end of the final Renewal Term, the terms of this Article XXXVI, which will not be included in such new lease).

• Concurrently with the transfer of Xxxxxx’s Property to Successor Tenant, Landlord and Successor Tenant shall execute a new master lease in accordance with the terms as set forth in the final clause of the first sentence of Section 36.2 hereof.

More Definitions of Successor Tenant

Successor Tenant means any Tenant who leases at least 85,211 square feet of the Net Rentable Square Footage (which represents an amount equal to thirty percent (30%) of the Net Rentable Square Footage) pursuant to one or more Leases to such Tenant and/or any Affiliate of such Tenant.

Successor Tenant means (i) any entity that purchases all or substantially all (at least eighty-five percent (85%)) of the assets of Tenant, or (ii) the resulting entity of a merger or consolidation of Tenant with another entity.

Successor Tenant means: (1) any assignee, purchaser, or transferee of the Leasehold Estate through a Foreclosure Event, including a Leasehold Mortgagee; and (2) such purchaser's, transferee's, or assignee's direct and indirect successors and assigns. Any Successor Tenant shall have all the rights and obligations of Tenant under this Lease, subject to the Nonrecourse Clause. TEMPORARY CONDEMNATION. A "TEMPORARY CONDEMNATION" shall mean a Condemnation of the temporary right to use or occupy all or part of the Premises. TENANT'S CURE PERIOD EXPIRATION NOTICE. A "TENANT'S CURE PERIOD EXPIRATION NOTICE") shall mean a Notice, from Landlord to all Leasehold Mortgagees, that for any particular alleged Default: (1) states that Tenant's cure period has expired; (2) describes such alleged Default in reasonable detail; (3) cites the provision of this Lease under which such alleged Default arose; and (4) specifies the duration of the relevant Leasehold Mortgagee's Cure Rights. For all Leasehold Mortgagees, any Tenant's Cure Period Expiration Notice shall become effective only when Landlord has delivered it to all Leasehold Mortgagees. Landlord need not deliver sequential Tenant's Cure Period Expiration Notices to multiple Leasehold Mortgagees.

Successor Tenant. As defined in Section 36.2. Regulatory Approval Supporting Information: Information regarding Landlord (and, without limitation, its officers and Affiliates), Tenant (and, without limitation, its officers and Affiliates), a Baton Rouge Transferee (and, without limitation, its officers and Affiliates), or a Replaced Property Transferee (and, without limitation, its officers and Affiliates), as applicable, in each case, that is reasonably requested by Tenant from Landlord or by Landlord from Tenant, as the case may be, in connection with obtaining any Required Governmental Approvals. Related Persons: With respect to a party, such party’s Affiliates and Subsidiaries and the directors, officers, employees, agents, advisors and controlling persons of such party and its Affiliates and Subsidiaries. Renewal Notice: As defined in Section 1.4. Renewal Term: A period for which the Term is renewed in accordance with Section 1.4. Rent: The sum of (a) the Building Base Rent, (b) the Land Base Rent and (c) the Percentage Rent. Rent Reduction Amount: As defined in Section 41.16(f). Replaced Property: The Evansville Facility and/or the Greenville Facility, as applicable, as designated by Tenant to be replaced by one or more Replacement Properties in connection with a Replacement Property Transaction. Replaced Property Transferee: The transferee(s) of Landlord’s interest in the Replaced Property as designated by Tenant (in its sole discretion), which may or may not be Tenant or an Affiliate of Tenant; provided that, subject to the foregoing, immediately after giving effect to a Replacement Property Transaction, the Tenant’s and Landlord’s interest in the Replaced 21 ACTIVE/103726432.5 US-DOCS\116344257.8

Successor Tenant. As defined in Section 36.1. Successor Tenant Rent: As defined in Section 36.2. Taking: As defined in Section 15.1(a). Tenant: As defined in the preamble. Tenant Capital Improvement: A Capital Improvement funded by Tenant, as compared to Landlord. Tenant COC: As defined in Section 22.2(iii). Tenant Parent COC: As defined in Section 22.2(iii). Tenant Representatives: As defined in Section 23.4. Tenant’s Parent: Eldorado Resorts, Inc., and any permitted successor thereto. Tenant’s Property: With respect to each Facility, all assets (other than the Leased Property and property owned by a third party) primarily related to or used in connection with the operation of the business conducted on or about the Leased Property, together with all replacements, modifications, additions, alterations and substitutes therefor. Term: As defined in Section 1.3. Termination Notice: As defined in Section 17.1(d). Test Period: With respect to any Person, for any date of determination, the period of the four (4) most recently ended consecutive fiscal quarters of such Person. 26 ACTIVE/103726432.5 US-DOCS\116344257.8

Successor Tenant has the meaning set forth in Section 8.10.

Successor Tenant. As defined in Section 36.1. ACTIVE/119768607.18