Commercial/Retail Leases Sample Clauses

Commercial/Retail Leases. After the Agreement Date, Seller shall submit any new prospective commercial/retail leases and any modifications, amendments, renewals (which are not pre-approved per the terms of the lease) or terminations (other than per the pre-described terms) of existing commercial/retail leases to Buyer for Buyer’s reasonable consent which shall be deemed rejected if not received in writing by Seller within five (5) Business Days of Seller’s written request for consent (it being agreed that Buyer may withhold its consent to any proposed terminations, in Buyer’s sole discretion). If Borrower disapproves of any such leases, modifications, amendments, renewals or terminations, then Seller shall not effectuate or execute the same. All new commercial/retail leases and all modifications of existing commercial/retail leases executed by Seller in accordance with this Section 9(b)(ii) with Buyer’s consent (or deemed consent), if such consent is required by the terms of this Agreement, shall be deemed “New Leases” and the costs of tenant improvements and leasing commissions shall be prorated between Buyer and Seller at Closing, in accordance with Section 7(e)(i)(E) above. Buyer shall indemnify Seller and Seller shall be fully released from any and all liability arising as a result of any Future Leasing Commissions due under any leasing commission agreements with respect to commercial/retail leases affecting the Property. “Future Leasing Commissions” shall be limited to those commissions resulting from the renewal or extension of any existing commercial/retail lease, the exercise of any options under an existing commercial/retail lease, or the execution of a new commercial/retail lease pursuant to this Section 9(a)(ii) (solely to the extent Buyer consented to such new lease (or is deemed to have consented to said new lease as provided above), and shall not include any commissions due or owing in respect of any New Leases to which Buyer had the right to provide its consent under this Section 9(b)(ii) and which Buyer disapproved as herein provided (“Excluded Leasing Commissions”). Seller shall indemnify Buyer and Buyer shall be fully released from all liability incurred by Buyer and arising in connection with any Excluded Leasing Commissions. The indemnity and release obligations of Buyer and Seller under this Section 9(b)(ii) shall survive Closing and delivery of the Deed.
Sample 1
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Related to Commercial/Retail Leases

  • Operating Lease The parties hereto intend that this Lease shall be deemed for all purposes to be an operating lease and not a capital lease.

  • Operating Leases Not permit the aggregate amount of all rental payments under Operating Leases made (or scheduled to be made) by the Loan Parties (on a consolidated basis) to exceed $1,000,000 in any Fiscal Year.

  • Location of Real Property and Leased Premises (a) Schedule 3.20(a) lists completely and correctly as of the Closing Date all real property owned by the Borrower and the Subsidiaries and the addresses thereof. The Borrower and the Subsidiaries own in fee all the real property set forth on Schedule 3.20(a).

  • Real Property Lease Except as set forth in Disclosure Schedule 1.1.(b), Seller has no leases of real property used or held for use in connection with the Business or the Purchased Assets.

  • New Leases Continue its present rental program and efforts at such Seller’s Property to rent vacant space in accordance with past practices; provided that, without the prior written consent of the Buyer, which consent may be granted or withheld in the Buyer’s sole discretion, such Seller shall not (i) execute any new lease, license or other occupancy agreement, (ii) amend, supplement, terminate, accept the surrender of, renew or otherwise modify any existing Lease, (iii) approve any assignment or sublease of any existing Lease, or (iv) waive any right or obligation thereunder; provided, however, that, in the case of any amendment, supplement, termination, surrender, renewal or modification of any existing Lease as set forth in clause (ii) above, if such existing Lease expressly and specifically sets forth the terms of any such amendment, supplement, termination, surrender, renewal or modification and requires the landlord under the Lease to acknowledge or counter-sign the same, in which case, the Buyer’s consent shall not be required, but Seller shall provide the Buyer with written notice of (and to the extent such amendment, supplement or modification modifies the rental terms of such Lease which rental amount is not specifically stated in such Lease, the Buyer shall have an opportunity to review and comment upon) such amendment, supplement, termination, surrender, renewal or modification at least five (5) Business Days prior to the date of execution. If such Seller enters into any new lease, license or other occupancy agreement, or renews any existing Lease (each such new lease, license, occupancy agreement and renewal, a “New Lease”) after the date hereof in accordance with the terms of this Section 3.2(d), then each such lease, license, occupancy agreement and renewal shall be included in the definition of “Leases” herein and added to Schedule 3.2(c) attached hereto, shall be assigned to and assumed by the Buyer at the Closing in accordance with this Agreement. If the Buyer does not reject or approve a new lease, license, occupancy agreement, renewal or a Lease amendment within five (5) Business Days after receipt of a copy thereof, then the Buyer shall be deemed to have approved such new lease, license, occupancy agreement, renewal or Lease amendment; provided that such notice includes specific reference to this Section 3.3(d) and the deemed approval provision hereof.

  • Space Leases (i) Borrower has delivered a true, correct and complete schedule of all Space Leases as of the date hereof, which accurately and completely sets forth in all material respects, for each such Space Lease, the following (collectively, the “Rent Roll”): the name and address of the tenant with the name, title and telephone number of the contact person of such tenant; the lease expiration date, extension and renewal provisions; the base rent and percentage rent payable; all additional rent and pass-through obligations; and the security deposit held thereunder and the location of such deposit.

  • Ground Lease Reserved.

  • Project or Building Name and Signage Landlord shall have the right at any time to change the name of the Project or Building and to install, affix and maintain any and all signs on the exterior and on the interior of the Project or Building as Landlord may, in Landlord’s sole discretion, desire. Tenant shall not use the name of the Project or Building or use pictures or illustrations of the Project or Building in advertising or other publicity or for any purpose other than as the address of the business to be conducted by Tenant in the Premises, without the prior written consent of Landlord.

  • The Lease The Lease shall not be amended or modified in any way which would materially increase Manager’s obligations hereunder or materially reduce its rights hereunder. In the event of a conflict between the terms hereof and the terms of the Lease, the terms hereof shall govern.

  • Personal Property Tax The Tenant shall pay promptly when due all taxes which may be imposed upon personal property (including, without limitation, fixtures and equipment) in the Premises to whomever assessed. Tenant shall have the right to contest the validity or amount of any such taxes by appropriate proceedings diligently conducted in good faith.

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