New Lease

Example Definitions of "New Lease"
New Lease. Shall mean (a) each lease of space in the Property entered into by the Partnership in accordance with the Leasing Guidelines or otherwise with the approval of Investor B Limited Partner, but excluding the Existing Leases, (b) each exercise of an expansion option by the tenant under any lease described in (a) above and any amendment of such lease that increases the rents thereunder, (c) each exercise of an expansion option by the tenant under any of the Existing Leases and any amendment of such... lease that increases the rents thereunder, and (d) each rooftop antenna lease or license (or similar contract) entered into by the Partnership having a term of seven (7) years or greater with a party having the financial ability (as determined in Investor B Limited Partner's reasonable judgment) adequate to satisfy such party's obligations thereunder. View More
All Definitions