Definition of Tenant Refinance

  1. 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

  1. 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.

Definition of Tenant Refinance in Lease

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.