Definition of Tenant Qualified Business


Tenant Qualified Business means any trade or business of a tenant or subtenant of the Borrower except any trade or business consisting of Residential Rental Property, or the operation of any private or commercial golf course, country club, massage parlor, hot tub facility, suntan facility, race track or other facility used for gambling, or any store the principal business of which is the sale of alcoholic beverages for consumption off premises.

Examples of Tenant Qualified Business in a sentence

The trade or business of a tenant or a subtenant shall consist solely of a Tenant Qualified Business.