Target Lease definition
Examples of Target Lease in a sentence
The Target Lease Commencement Date listed in Section 1 represents an estimate of the Commencement Date.
Landlord shall not be liable to Tenant if Landlord shall not deliver possession of the Premises to Tenant on the Target Lease Commencement Date.
Target has delivered to Acquiror a true, correct and complete statement evidencing common area maintenance ▇▇▇▇▇▇▇▇ and real estate tax escalations under each Target Lease.
Section 2.10(c) of the Seller Disclosure Letter lists all material real property leased by Target or any of its Subsidiaries (the “Target Leased Real Property”, and the leases pursuant to which such real property is leased, together with any amendments and modifications thereto, the “Target Leases”), which list sets forth each Target Lease and the address, landlord and tenant for each Target Lease.
Any effects on Target's gross revenues or the value of the Target Properties that is attributable to any default, diminution of rent or rejection under any Target Lease by any tenant that is the subject of any bankruptcy proceedings on the date hereof shall not be included in any determination of whether a Target Material Adverse Effect has occurred or in any calculation of Target Costs.
With respect to each Acquisition Target Lease: (i) the Acquisition Target Lease is legal, valid, binding, enforceable and in full force and effect; (ii) none of the Acquisition Targets or, to the Company’s Knowledge, any other party to the Acquisition Target Lease is in breach or default thereunder; and (iii) none of Acquisition Targets has assigned, transferred, conveyed, mortgaged, deeded in trust or encumbered any interest in the Acquisition Target Lease.
Sellers will not cause or permit Target Lease to be amended, modified, extended, renewed or terminated, nor shall Target enter into any new lease, sublease, license or other agreement for the use or occupancy of any real property, without the prior written consent of Buyer.
The Target Rent Roll includes or describes for each Target Lease, the name and address of the tenant, the space leased, the current balances of security and other deposits, the current base rent the tenant is obligated to pay thereunder, and the amount of percentage rent most recently paid.
Target Lease Rates are the maximum Lease Rates which AT&T expects Contractor to negotiate.
All brokerage or leasing commissions payable by the landlord with respect to Target Leases have been paid in full and there are no commissions payable with respect to renewals or extensions of any Target Lease.