Operating Tenant definition

Operating Tenant means the tenant under the Operating Lease.

Operating Tenant means any Person who is a lessee with respect to the Facility Operating Leases or any other lease of an entire Borrowing Base Asset held by any Borrower as lessor or as an assignee of the lessor thereunder.

Operating Tenant means the tenants under the Operating Leases, as more specifically set forth on Schedule XII attached hereto.

Examples of Operating Tenant in a sentence

• Neither Seller, Operating Tenant nor Manager, has effectuated a "plant closing" (as defined in the WARN Act or any similar state or local law) or a "mass layoff" (as defined by the WARN Act or any similar state or local law) involving employees working at the Hotel in the three (3) months prior to the Closing Date.

• Those certain Management Agreements between an Operating Tenant and a Manager which relate to the management and operation of the Hotels more particularly described on Exhibit “Q” attached hereto and by this reference incorporated herein pursuant to which the applicable Manager manages and operates the applicable Hotel.

• Neither Seller nor Operating Tenant has received written notice of any material violation of any such permit or license that remains uncured.

• Neither Seller nor Operating Tenant is a party to the Beverage Agreements.

• In the event that any Operating Tenant is the holder of rights under any Intangible Property, Sellers agree to cause such Operating Tenant to assign and transfer such rights to Buyer or its operating lessee at Closing, pursuant to an assignment and assumption agreement in the same form as the Assignment and Assumption of Intangible Property.

More Definitions of Operating Tenant

Operating Tenant has the meaning ascribed thereto in the Recitals.

Operating Tenant means Starwood, as tenant under the Operating Lease.

Operating Tenant means, individually and collectively, the tenant under each Operating Lease.

Operating Tenant means Vail Food Services, Inc., a Colorado corporation.

Operating Tenant means ShopKo Stores Operating Co., LLC.

Operating Tenant means Marriott Hotel Services, Inc., a Delaware corporation and wholly owned subsidiary of Marriott International Inc., as lessee and operator of the Hotel.

Operating Tenant means, collectively, MSR Resort Lodging Tenant, LLC, a Delaware limited liability company, and MSR Resort Ancillary Tenant, LLC, a Delaware limited liability company.