New Lease
New Lease. A lease acceptable to Lender that (i) demises the Leased Premises or any portion thereof, (ii) is executed by a New Tenant, and (iii) contains (A) a term that extends no less than 5 years beyond the Anticipated Repayment Date at a minimum rent of $16.00 per square foot, or (B) other terms acceptable to Lender in its sole discretion
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...
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Found in
Liberty Property Trust contract