Tenant Affiliate means and refer to any partnership, limited liability company, or corporation or other entity, which, directly or indirectly, through one or more intermediaries, Controls, is Controlled by, or is under common Control with, Tenant.
Tenant Affiliate means (i) any corporation or other business entity which Controls, is Controlled by, or is under common Control with Tenant or (ii) any entity to which Tenant is sold, or merges into, or which otherwise acquires all or substantially all of Tenant’s assets, consistent with the provisions of Section 7.02(h)(i) of the Unit Owners Agreement.
Tenant Affiliate means any entity which is controlled by, controls, or is under common control with (A) the original Tenant named in this lease, or (B) a Tenant Successor. For purposes of the foregoing, the term "control" means the power to direct the management and policies of the subject entity, either directly or indirectly, whether through the ownership of voting securities or other beneficial interests or otherwise.
Examples of Tenant Affiliate in a sentence
All signatures of parties other than the Master Tenant and Specified Master Tenant Affiliate (and any person executing any of the Documents on behalf of Master Tenant or any Specified Master Tenant Affiliate) are genuine.
Each person executing any of the Documents (other than the Master Tenant and Specified Master Tenant Affiliates, and any person executing any of the Transaction Documents on behalf of the Master Tenant or any Specified Master Tenant Affiliate), whether individually or on behalf of an entity, is duly authorized to do so.
If the Buyer is neither the Master Tenant nor a Master Tenant Affiliate (the latter two terms are defined in Section 1.b above), then, if requested by the Master Tenant, at Closing Buyer shall amend the Master Lease in order to lease the Additional Spaces to the Master Tenant pursuant to the same terms and conditions as the Master Lease.
Tenant shall immediately notify Landlord of any Transfer to a Tenant Affiliate for which Xxxxxxxx’s consent is not required (a “Permitted Transfer”).
Notwithstanding the above, Tenant may assign or sublet the Premises, or any part thereof, to any entity controlling Tenant, controlled by Tenant or under common control with Tenant (a "Tenant Affiliate"), without the prior written consent of Landlord.
More Definitions of Tenant Affiliate
Tenant Affiliate means any Person Controlled, Controlling or under common Control with such Tenant.
Tenant Affiliate. The term "Tenant Affiliate" shall mean a ---------------- subsidiary, affiliate, division, corporation or other entity controlling, controlled by or under common control with Tenant.
Tenant Affiliate means any person or entity which Controls, is Controlled by, or is under common Control with Tenant.
Tenant Affiliate means any corporation or other entity controlled by, under common control with or which controls the original Tenant named in this Lease or in which original Tenant named in this Lease, directly or indirectly, has a fifty percent (50%) or greater voting or ownership interest. “Permitted Transfer” means the transfer of ownership interests in a publicly traded entity, or an assignment or subletting of all or a portion of the Premises to a Tenant Affiliate, a transfer in connection with more than 50% of Tenant’s assets or 50% or more of its stock as a going concern in a merger or consolidation of Tenant with another entity, where, in each case (a) the transferee assumes, in full, the obligations of Tenant under this Lease; (b) Tenant remains fully liable under this Lease; (c) after such transaction is effected, the tangible net worth of the tenant hereunder is equal to or greater than the tangible net worth of Tenant as of the date of this Lease; and (d) the same is not a subterfuge by Tenant to avoid its obligations under this Lease.
Tenant Affiliate means any corporation or other entity controlled by, under common control with or which controls the original Tenant named in this Lease or in which original Tenant named in this Lease, directly or indirectly, has a fifty percent (50%) or greater voting or ownership interest. “Successor Entity” means (i) a corporation or other business entity into which or with which Tenant, its successors or assigns, is merged or consolidated, in accordance with applicable statutory provisions for the merger or consolidation of corporations or other business entities provided that by operation of law or by effective provisions contained in instruments of merger or consolidation, the liabilities of the corporations or other business entities participating in such merger or consolidation are assumed by the corporation or other business entity surviving such merger or consolidation, or (ii) an individual, corporation or other business entity acquiring all or substantially all of the stock of Tenant, or all or substantially all of the assets of Tenant, and assuming the obligations of Tenant under this Lease, or (iii) any corporate successor or other business entity successor to a successor corporation becoming such by either of the methods described in subdivision (i) and (ii) above. If, as of the effective day of an assignment to a Successor Entity, the net worth of such Successor Entity or any guarantor of the obligations under this Lease is less than Tenant’s net worth as of the date of this Lease or as of the day immediately prior to the date of the deemed assignment, whichever is greater, and Landlord, in its reasonable discretion, determines that additional security is needed from the Successor Entity, then the Successor Entity shall post such security as Landlord reasonably requires in the form required pursuant to Article 28 hereof.
Tenant Affiliate means an entity that controls, is controlled by or is under common control with, Tenant; and a party shall be deemed to "control" another party for purposes of the aforesaid definition only if the first party owns more than fifty percent (50%) of the stock or other beneficial interests of the second party.
Tenant Affiliate means an entity Controlling, Controlled by or under common Control with either (x) the Tenant or (y) any Successor Entity covered by clauses (i)-(iii) of the definition thereof. “Control” means having (i) the ownership, directly or indirectly, of more than 50% of the beneficial ownership interests of the entity in question and (ii) the ability to direct the affairs of the entity in question, whether or not subject to approval of major decisions by another party. A Tenant Affiliate shall lose its status as such when it no longer satisfies the terms of the definition thereof. Where two or more Persons constitute the Tenant, the net worth of all such Persons shall be aggregated in determining whether the condition is clause (C) above is met; provided, that if any Person(s) comprising the Tenant beneficially owns any other Person(s) comprising the Tenant, in whole or in part, then the net worth of such Person(s) who is the beneficial owner and the net worth of such Person(s) who is so owned shall be calculated on a consolidated basis. No Transfer to a Successor Entity shall be permitted or binding on the Landlord, or create any rights under this Lease or any rights for the use or occupancy of any portion of the Building, unless the conditions for a Permitted Transfer shall have been satisfied with respect to such Transfer. Whenever in this Lease there are rights or benefits which accrue in favor of or with respect to a Successor Entity, such rights and/or benefits shall apply only if and to the extent that a Permitted Transfer to such Successor Entity has occurred in compliance with the terms hereof. For greater clarity, Tenant Affiliates shall be permitted to occupy the Premises even if this Lease is not assigned to, or even if the Premises are not sublet to, such Tenant Affiliates. Upon request by the Landlord from time to time (but not more frequently than once per calendar year, excepting any times when there is a default under this Lease beyond the expiration of applicable notice and cure periods) the Tenant shall promptly (and in any event within ten days) provide to the Landlord a list of all Tenant Affiliates and other occupants of the Premises and the space occupied by such entities.