Tenant’s Name Definition | Law Insider (2024)

Tenant’s Name

means, at any time, at Tenant’s discretion, (i) the name of Tenant set forth in the first paragraph of this Lease (“Tenant’s Existing Name”), or (ii) if Tenant’s name is not then Tenant’s Existing Name, then Tenant’s name, provided that Exhibit F such name is compatible with a first-class office building, as determined by Landlord in its reasonable discretion, and/or (iii) Tenant’s logo, provided that such logo is then being used by Tenant on a substantially nationwide basis and is compatible with a first-class office building, as determined by Landlord in its reasonable discretion. Notwithstanding any contrary provision hereof, (i) Tenant’s rights under this Section 7 shall be personal to Original Tenant and to any successor to Original Tenant’s interest in this Lease that acquires its interest in this Lease solely by means of one or more Permitted Transfers originating with Original Tenant, and may not be transferred to any other party; and (ii) if at any time a Signage Default (defined below) occurs or the Minimum Occupancy Requirement (defined below) is not satisfied, then, at Landlord’s option (which shall not be deemed waived by the passage of time), Tenant shall no longer have any further rights under this Section 7, even if such Signage Default is later cured and/or the Minimum Occupancy Requirement later becomes satisfied, as applicable. For purposes of this Section 7, a “Signage Default” shall be deemed to occur if and only if (x) after a Default occurs, Landlord provides Tenant with notice that Tenant may lose its right to Tenant’s Monument Signage under this Section 7 if Tenant fails to cure such Default within 10 business days after such notice, and (y) such Default is not cured within such 10-business-day period. For purposes of this Section 7, the “Minimum Occupancy Requirement” shall be deemed satisfied if and only if a portion of the Premises containing at least 19,000 rentable square feet has not been subleased (other than to an Affiliate of Tenant), in whole or in part, for more than 75% of the balance of the term of the Lease.

Tenant’s Name Definition | Law Insider (2024)
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