Common use of Compensation for Third-Party Brokers Clause in Contracts

Compensation for Third-Party Brokers. Asset Manager shall negotiate and enter into on behalf of the Company a commission agreement with third party brokers providing for a leasing commission to be paid at prevailing market rates, subject to prevailing market terms and conditions. Such leasing commission shall be paid by the Company.

Appears in 5 contracts

Samples: Management Agreement (Lexington Corporate Properties Trust), Operating Agreement (Lexington Corporate Properties Trust), Operating Agreement (Lexington Corporate Properties Trust)

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Compensation for Third-Party Brokers. Asset Manager shall negotiate and enter into on behalf of the Company Partnership a commission agreement with third party brokers providing for a leasing commission to be paid at prevailing market rates, subject to prevailing market terms and conditions. Such leasing commission shall be paid by the CompanyPartnership.

Appears in 3 contracts

Samples: Management Agreement (Lexington Master Limited Partnership), Limited Partnership Agreement (Lexington Corporate Properties Trust), Management Agreement (Lexington Realty Trust)

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