Major Space Lease means any Space Lease of a tenant or Affiliate of such tenant where such tenant or such Affiliate leases, in the aggregate, five percent (5%) or more of the Total GLA.
Major Space Lease means any Space Lease that meets any one or more of the following criteria: (a) covers
Major Space Lease any Space Lease, or Space Leases to an affiliated group of tenants, providing for the lease of space in an aggregate amount of 100,000 square feet or more.
Examples of Major Space Lease in a sentence
If Seller, the Companies and/or their Subsidiaries desires to enter into a Major Space Lease Transaction and Buyer’s consent is required hereunder, and Buyer does not respond within five (5) Business Days after receipt of a notice from Seller with respect to such Major Space Lease Transaction including reasonable details thereof, together with a written request for Buyer’s approval of such lease transaction, then Buyer shall be deemed to have approved such Major Space Lease Transaction.
More Definitions of Major Space Lease
Major Space Lease means a Space Lease that (a) demises more than 10,000 square feet of space or (b) provides for or generates annual rent of more than $150,000.
Major Space Lease means any Space Lease of a tenant or Affiliate of such tenant where such tenant or such Affiliate leases, in the aggregate, in excess of 6,000 square feet.
Major Space Lease means any Space Lease that either (a) covers more than seventy five thousand (75,000) rentable square feet, (b) covers 100% of the total rentable square footage of an individual Property or (c) includes any purchase option, right of first refusal, or similar right for the purchase of a Property or any portion thereof.
Major Space Lease means a Space Lease to any tenant at any Borrowing Base Property which, together with all other Space Leases to such tenant's affiliates at such Borrowing Base Property, demises (or may demise through tenant option rights) more than 5,000 square feet but less than all or substantially all of the premises and has an initial term of at least one (1) year.
Major Space Lease means, with regard to one or more Cross-collateralized Properties, any Space Lease of a tenant or Affiliate of such tenant where the base rent during the previous calendar year attributable to such tenant or such Affiliate was $100,000 or greater; provided, however, if such tenant or Affiliate of such tenant, as applicable, has not occupied the Premises for all of the previous calendar year, such rent shall be annualized based upon the portion of the calendar year which such tenant, or Affiliate of such tenant, as applicable, occupied the Premises and, if such tenant or Affiliate of such tenant, as applicable, has not yet occupied the Premises, such rent shall be determined on a pro-forma basis for the first twelve (12) months of occupancy.
Major Space Lease means any Space Lease of a tenant or Affiliate of such tenant where such tenant or such Affiliate leases, in the aggregate, equal to one or more full floors with respect to 0000 Xxxxxxxxx Xxxxx and 5,000 square feet or more with respect to 2957, 2961, 2963, 2967, 2981, 2983, 2991, 3021, 3031, 3041, 3307, and 0000 Xxxxxxxxx Xxxxx, Irvine, CA.
Major Space Lease means any Space Lease that meets any one or more of the following criteria: (a) covers more than thirty thousand (30,000) rentable square feet, (b) provides for any obligation on the part of the landlord to expend (including all Leasing Costs, other than leasing commissions or brokerage commissions) an amount equal to or greater than one-hundred fifty thousand dollars ($150,000) or (c) includes any purchase option, right of first refusal or similar right for the purchase of a Company Property or any portion thereof.