Comply with Governmental Regulations. From the Effective Date until Closing, not knowingly take any action that Seller knows would result in a failure to comply in all material respects with all Governmental Regulations applicable to the Property, it being understood and agreed that prior to Closing, Seller will have the right to contest any such Governmental Regulations.
Comply with Governmental Regulations. The consultant agrees to conform all professional services with the rules, laws and regulations of government agencies having jurisdiction over the project and when the Owner advises Consultant that grants-in-aid are sought, then to conform such services to the rules, regulations and guidelines mandated by the granting authority for valid application to receive such grants-in-aid. The consultant further agrees to comply with any special provisions that may be applicable to an individual work order, when so advised by Owner.
Comply with Governmental Regulations. From the Effective Date until Closing, not take any action that would result in a failure to comply in all material respects with all laws, ordinances, rules and regulations applicable to the Property.
Comply with Governmental Regulations. Not knowingly take any action that would result in a failure to comply in all material respects with all Governmental Regulations applicable to the Property, it being understood and agreed that prior to Closing, Seller shall have the right to contest any such Governmental Regulations (and Seller shall notify Purchaser of any such contest); LEASES. Not enter into any new Tenant Lease or materially amend or terminate any existing Tenant Lease without the prior written consent of Purchaser, which consent shall not be unreasonably withheld. Purchaser's failure to disapprove in writing any request within three (3) business days shall be deemed to constitute Purchaser's consent thereto. Purchaser shall not be deemed unreasonable if it withholds consent to a new Tenant Lease or material amendment or renewal of an existing Tenant Lease not meeting all of the following criteria: (i) is substantially on the standard building lease form; (ii) provides for a minimum annual net rental of Fifteen and No/100 Dollars ($15.00) per square foot of rentable area leased with minimum annual increases of 3% or $.50 per square foot of rentable area leased; (iii) provides for a five year term; (iv) requires Tenant Improvements of no more than Fifteen and No/100 Dollars ($15.00) per square foot for a new Tenant Lease or Seven and No/100 Dollars ($7.00) per square foot for a renewal; (v) results in brokerage commissions of no more than 7% on the first year gross rentals, and 2% on gross rentals during the next four years of the lease term (excluding renewals and expansions) for a new Tenant Lease; (vi) provides no renewal or early termination rights; and (vii) provides no lease assumptions or forgiveness of existing obligations.
