Tenant’s Interest definition

Tenant’s Interest. Notice shall be given not earlier than eighteen (18) months prior to the Renewal Date for the second Renewal Term, and not later than fifteen (15) months prior to the Renewal Date for the second Renewal Term. The latest date upon which Tenant may give the Tenant's Interest Notice is referred to as the "Interest Deadline Date." The Fair Market Rent for the second Renewal Term shall be separately determined in accordance with the following procedure. The parties shall first attempt to agree on the Fair Market Rent for the second Renewal Term. If the parties do not agree on the Fair Market Rent within fifteen (15) days following the receipt by Landlord of Tenant's Interest Notice then, within ten (10) days after the expiration of such fifteen (15)-day period, the parties shall attempt to agree upon an appraiser. If the parties agree upon an appraiser, the appraiser so selected shall determine the Fair Market Rent within thirty (30) days after selection. If the parties fail to so agree upon the selection of one such appraiser within such ten (10)-day period, then Tenant and Landlord shall each designate in a written notice to the other, within fifteen (15) Business Days from the end of such ten (10)-day period, one appraiser to determine the Fair Market Rent. In the event either party fails to so select its own appraiser, the appraiser selected by the other party shall determine Fair Market Rent. If two appraisers are so selected, each appraiser shall independently determine the Fair Market Rent for such Related Premises and complete and forward to Landlord and Tenant its separate appraisal report within thirty (30) days after the expiration of such fifteen (15)-business day period. Any appraisal report not so forwarded within such time period shall be excluded. If only one such report is timely forwarded, then the appraisal set forth therein shall be the Fair Market Rent. In the event the two reports are both timely forwarded and the lower appraisal is at least ninety percent (90%) of the higher appraisal, then the arithmetic mean of the two appraisals shall be the Fair Market Rent. In the event the lower appraisal is less than ninety percent (90%) of the higher appraisal then, within fifteen (15) business days after the end of such thirty (30)-day period, the two appraisers shall meet and select a third appraiser. In the event the two appraisers fail to so select a third appraiser, either party may obtain court appointment of such third appraiser. The third ...
Tenant’s Interest means Tenant’s entire interest in (a) the Premises, (b) the Improvements, and (c) this Lease.

Examples of Tenant’s Interest in a sentence

Tenant may as provided in Article XIV below with respect to the financing of the construction of the Improvements, and any refinancing thereof, assign all of Tenant’s Interest to a Leasehold Mortgagee as security for financing of the construction of any of the Improvements, or any refinancing thereof.

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This Pre-Annexation Agreement (the “Agreement”) is made and entered into by and between the City of Harrisburg (the “City”) and the undersigned property owners (the “Owners”).

If Tenant wishes to sell, assign or transfer all of Tenant’s Interest, Tenant will first offer Tenant’s Interest to Landlord pursuant to a written offer (the “Offer”) setting forth all of the terms and conditions on which Tenant is willing to sell Tenant’s Interest.

Nothing in this Section 12.6 shall serve to circumvent Landlord’s approval rights to any assignment or partial assignment of Tenant’s Interest under Section 12.1.

Landlord shall have until thirty (30) days from the date of its receipt of the Offer to elect to accept the Offer and purchase Tenant’s Interest on the terms and conditions set forth in said Offer (except that a formal purchase and sale agreement shall be prepared by Tenant after said election to document all terms and conditions and subject to Landlord’s reasonable approval).

Conk and another Class A Member of MMIC shall be members of the Board of Directors or similar governing body of the IPO Entity; (d) any transfer of interests in the Tenant to an entity controlling, controlled by, or under common control with, the Joint Venture or either Joint Venture Member; and (e) any transfer of the Tenant’s Interest to the Tenant’s first mortgage lender in foreclosure or by deed in lieu of foreclosure.

Section 3.2 of the Lease shall be amended to provide that the Tenant’s Interest Notice provided for therein shall be delivered to Landlord, if at all, no earlier than twelve (12) months and no later than nine (9) months prior to the expiration of the Extension Term and that the Option Term, if exercised, shall commence on the day after the last day of the Extension Term.

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Notwithstanding the fact that the parties to this Agreement have not yet executed the Lease, Owner agrees that the provisions of Section 14 (Mortgage of Tenant’s Interest) of the Lease shall apply to any such financing related to this Agreement by any Financing Party.


More Definitions of Tenant’s Interest

Tenant’s Interest has the meaning ascribed thereto in Section ●.
Tenant’s Interest means all rights, title and interests of LS21 (or where the New Headleases have been granted to two separate entities the Building 1 Tenant and the Building 2 Tenant, so long as the Building 1 Tenant and the Building 2 Tenant are LS21, or each an LS Group Company) in the capital receipts, revenue and income arising from or in connection with the Property including, without limitation, its contractual and property rights under this Agreement, the Development Agreement, the Existing Headlease (as varied from time to time), the Supplemental Lease and the New Headleases, but excluding (for the avoidance of doubt) the Corporate Interests in LS21, the Building 1 Tenant and the Building 2 Tenant;

Related to Tenant’s Interest

Tenant’s Personal Property means all motor vehicles and consumable inventory and supplies, furniture, furnishings, movable walls and partitions, equipment and machinery and all other tangible personal property of Tenant, if any, acquired by Tenant on and after the date hereof and located at the Leased Property or used in Tenant's business at the Leased Property and all modifications, replacements, alterations and additions to such personal property installed at the expense of Tenant, other than any items included within the definition of Fixtures or Leased Personal Property.
Leased Property shall have the meaning given such term in Section 2.1.
Condominium Property means the lands, leaseholds, and personal property that are subjected to condominium ownership, whether or not contiguous, and all improvements thereon and all easements and rights appurtenant thereto intended for use in connection with the condominium.
Leased Premises means the Leased Premises as defined in Paragraph 1.
the Premises means those premises in or upon which an offensive trade is carried on.
Subleased Premises means approximately -18;961 rentable square feet on the 141h floor of the Building, as more specifically depicted on Exhibit A attached hereto and made a part hereof. The Subleased Premises include all of the Leased Premises identified in the Prime Lease.
Tenant’s Property means Removable Installations and, other than Installations, any personal property or equipment of Tenant that may be removed without material damage to the Premises, and (z) “Installations” means all property of any kind paid for by Landlord, all Alterations, all fixtures, and all partitions, hardware, built-in machinery, built-in casework and cabinets and other similar additions, equipment, property and improvements built into the Premises so as to become an integral part of the Premises, including, without limitation, fume hoods which penetrate the roof or plenum area, built-in cold rooms, built-in warm rooms, walk-in cold rooms, walk-in warm rooms, deionized water systems, glass washing equipment, autoclaves, chillers, built-in plumbing, electrical and mechanical equipment and systems, and any power generator and transfer switch.
Demised Premises or “Premises” (and whether or not capitalized) is used herein, it shall be understood to mean the “premises leased hereby”; and whenever the term “Entire Premises” is used herein (and whether or not capitalized), it shall be understood to mean all of the contiguous land and buildings owned by Landlord at this location, which include the premises leased hereby. The term “Non-leased Premises” shall mean the Entire Premises less the Leased Premises.
Condominium Unit A Single Family Property within a Condominium Project.
the Building means, where applicable, the larger building or tenement of which the Property forms part.
Condominium Act means Public Act 59 of 1978, as amended.
Condominium Project Real estate including the separate ownership in fee, or on a satisfactory leasehold estate, of a particular residential unit with an indivisible interest in the real estate designated for common ownership strictly by unit owners.
Lessee means a person who acquires the right to possession and use of goods under a lease. Unless the context clearly indicates otherwise, the term includes a sublessee.
Sublessee means any party to whom Lessee grants the right to possess all or any portion of the Premises according to a Sublease.
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.
office premises means a building or place used for the purpose of administrative, clerical, technical, professional or similar activities that do not include dealing with members of the public at the building or place on a direct and regular basis, except where such dealing is a minor activity (by appointment) that is ancillary to the main purpose for which the building or place is used.
Landlord Work means the work, if any, that Landlord is obligated to perform in the Premises pursuant to a separate agreement (the “Work Letter”), if any, attached to this Lease as Exhibit C.
Subtenant The tenant under any Sublease.
Residential rental property means property that is used solely as leased or rented property for residential purposes. If the property is a space rental mobile home park, residential rental property includes the rental space that is leased or rented by the owner of that rental space but does not include the mobile home or recreational vehicle that serves as the actual dwelling if the dwelling is owned and occupied by the tenant of the rental space and not by the owner of the rental space.
Landlord Personal Property Collateral Access Agreement means a Landlord Waiver and Consent Agreement substantially in the form of Exhibit K with such amendments or modifications as may be approved by Collateral Agent.
Landlord Consent and Estoppel means, with respect to any Leasehold Property, a letter, certificate or other instrument in writing from the lessor under the related lease, pursuant to which, among other things, the landlord consents to the granting of a Mortgage on such Leasehold Property by the Credit Party tenant, such Landlord Consent and Estoppel to be in form and substance acceptable to Collateral Agent in its reasonable discretion, but in any event sufficient for Collateral Agent to obtain a Title Policy with respect to such Mortgage.
Tenants means the tenants under the Leases.
Landlord Consent means a Landlord Consent substantially in the form of Exhibit G.
Leased Properties has the meaning set forth in Section 3.1(n)(ii).
Occupant means any person or persons over the age of eighteen years in possession of the property.
Landlord as used herein shall mean only the owner or owners at the time in question of the premises. In the event of any transfer of such title or interest, Landlord herein named (and in case of any subsequent transfers the then grantor) shall be relieved from and after the date of such transfer of all liabilities as respects Landlord’s obligations thereafter to be performed, provided that any funds in the hands of Landlord or the then grantor at time of such transfer in which Tenant has an interest shall be delivered to the grantee, who shall assume the obligations of Landlord or the then grantor to Tenant with respect to those funds. The obligations contained in this Lease to be performed by Landlord shall, subject to the foregoing provisions of this paragraph 19, be binding on Landlord’s successors and assigns.