Tenant means the person(s) and entity(ies) that operate a business as a going concern on the Property under a lease or similar agreement with the Developer. In the event there is no such operator, the term "Tenant" shall mean the Developer. 2. Due Diligence / Plan Refinement Process. Subsequent to the parties' execution of this Agreement, the Developer shall undertake a comprehensive inspection, analysis, and review of the Property, the Project, and the likely associated schedule and costs. 2.1 Conditions Precedent to Developer Obligations. Developer shall have one hundred twenty (120) days (the "Due Diligence Period") to examine the Property and determine technical and economic feasibility of the Project. During the Due Diligence Period, Developer may (a) conduct due diligence studies including such physical inspections and other tests, (b) obtain information, analysis, proposals and contracts from contractors, architects, consultants and other experts, examinations, studies, title and survey reviews and appraisals of the Property as Developer shall deem necessary, (c) collect further information on Project schedule and costs, and construction requirements and timing, and other information as needed, (d) pursue any type of zoning, site plan approvals and permits as may be required for Developer to utilize the Property for the Project, (e) acquire leases, operating agreements or other commitments pertaining to operation of the tenant spaces; and (f) determine overall economic feasibility of the Project in Developer's exclusive discretion. Developer may in its sole discretion and for any reason determine that the Project is not feasible or that Developer no longer desires to proceed with the Project and terminate this Agreement without liability or penalty at any time prior to the conclusion of the Due Diligence Period. 2.2. Exclusivity of Dealing. During the Due Diligence Period and any extensions, the RDC and FDC will deal exclusively with the Developer relative to the Property, and will not solicit, accept, or consider other proposals. However, the parties acknowledge that as to Parcel D, currently owned by the City of Franklin, Indiana, an existing agreement exists between the City of Franklin, Indiana and Triple T Property Investments, Inc. that provides, among other things, that the parcel may be transferred to Triple T Property Investments, Inc. under certain conditions, and the parties understand that the City of Franklin, Indiana is bound to honor said agreement until and unless assigned to Developer or released, which may require Developer to enter into an agreement with both Triple T Property Investment, Inc. and the City of Franklin, Indiana relative to ownership and control of this Parcel D. 2.3. Extension of Due Diligence Period. Developer shall have the option and right to extend the Due Diligence Period past one hundred twenty (120) days for an initial extension period of sixty (60) days provided the Plan Packet has been submitted to the Review Panel, and a second extension period of sixty (60) days, provided Construction Plans have been submitted for state building permit approval. 2.4. Plan Packet. Within sixty (60) days of the Effective Date, the Developer shall submit its proposed Building Plan, Construction Schedule, Construction Budget, and Sources
No rights to any view or to light or air over any property, whether belonging to Landlord or any other person, are granted to Tenant by this Lease.
The parties hereby agree that such late charge represents a fair and reasonable estimate of the costs Landlord will incur by reason of late payment by Tenant.
Nothing herein contained shall empower Tenant to do any act which can, shall or may encumber the title of Landlord.
Tenant shall not be entitled to any interest on the Security Deposit.
Tenant waives the provisions of any current or future statute, rule or law which may give or purport to give Tenant any right or election to terminate or otherwise adversely affect this Lease and the obligations of the Tenant hereunder in the event of any foreclosure proceeding or sale.
More definitions of Tenant
Tenant means any lessee, licensee, concessionaire or other person with the right to use or occupy space or facilities at a Real Property under a Lease, excluding, for clarity, residents under any Residency Agreement.
Tenant means any Person obligated by contract or otherwise to pay monies (including a percentage of gross income, revenue or profits) under any Lease now or hereafter affecting all or any part of the Property.
Tenant means a person who rents a mobile home lot for a term of one month or longer and owns the mobile home on the lot. Sec. 1151. RCW 62A.9A-311 and 2001 c 32 s 25 are each amended to read as follows: