Definition of Tenant Refinance


Tenant Refinance means any loan obtained by Tenant and secured by any interest in the Premises, other than any construction loan obtained by Tenant to construct the initial Project Improvements.

Examples of Tenant Refinance in a sentence

Any portion of the Excess Proceeds received by Landlord for a Tenant Refinance shall be deducted from the portion of Gross Proceeds otherwise payable in connection with a Transfer by the identical Tenant.
The Tenant who is the transferor in a Transfer shall pay to Landlord one percent (1%) of all Gross Proceeds from any Transfer after the First Transfer; and the Tenant who obtains a loan shall pay to Landlord two percent (2%) of all Excess Proceeds of any Tenant Refinance.