Common use of Enforcement of Leases Clause in Contracts

Enforcement of Leases. The Asset Manager shall enforce compliance by tenants with each and all of the terms and provisions of the leases, provided, however, that Asset Manager shall not, without the prior written consent of the Company in each instance, which consent may be withheld by the Company in its sole discretion, institute legal proceedings in the name of the Company to enforce leases, collect income and rent or dispossess tenants or others occupying a Property or any portion thereof, or terminate any lease, lock out a tenant, or engage counsel or institute any proceedings for recovery of possession of a Property if any such action by the Asset Manager would constitute a Major Decision.

Appears in 2 contracts

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

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Enforcement of Leases. The Asset Manager shall enforce compliance by tenants with each and all of the terms and provisions of the leases, provided, however, that Asset Manager shall not, without the prior written consent of the Company Partnership in each instance, which consent may be withheld by the Company Partnership in its sole discretion, institute legal proceedings in the name of the Company Partnership to enforce leases, collect income and rent or dispossess tenants or others occupying a Property Qualified Asset or any portion thereof, or terminate any lease, lock out a tenant, or engage counsel or institute any proceedings for recovery of possession of a Property Qualified Asset if any such action by the Asset Manager would constitute a Major Decision.

Appears in 1 contract

Samples: Management Agreement (Lexington Master Limited Partnership)

Enforcement of Leases. The Asset Manager shall enforce compliance by tenants with each and all of the terms and provisions of the leases, provided, however, that Asset Manager shall not, without the prior written consent of the Company in each instance, which consent may be withheld by the Company in its sole discretion, institute legal proceedings in the name of the Company to enforce leases, collect income and rent or dispossess tenants or others occupying a Qualified Property or any portion thereof, or terminate any lease, lock out a tenant, or engage counsel or institute any proceedings for recovery of possession of a Qualified Property if any such action by the Asset Manager would constitute a Major Decision.

Appears in 1 contract

Samples: Management Agreement (Lexington Corporate Properties Trust)

Enforcement of Leases. The Asset Manager shall enforce compliance by tenants with each and all of the terms and provisions of the leases, provided, however, that Asset Manager shall not, without the prior written consent of the Company Partnership in each instance, which consent may be withheld by the Company Partnership in its sole discretion, institute legal proceedings in the name of the Company Partnership to enforce leases, collect income and rent or dispossess tenants or others occupying a Qualified Property or any portion thereof, or terminate any lease, lock out a tenant, or engage counsel or institute any proceedings for recovery of possession of a Qualified Property if any such action by the Asset Manager would constitute a Major Decision.

Appears in 1 contract

Samples: Management Agreement (Lexington Realty Trust)

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Enforcement of Leases. The Asset Manager shall enforce compliance by tenants with each and all of the terms and provisions of the leases, provided, however, that Asset Manager shall not, without the prior written consent of the Company Partnership in each instance, which consent may be withheld by the Company Partnership in its sole discretion, institute legal proceedings in the name of the Company Partnership to enforce leases, collect income and rent or dispossess tenants or others occupying a Qualified Property or Exh. B-14 any portion thereof, or terminate any lease, lock out a tenant, or engage counsel or institute any proceedings for recovery of possession of a Qualified Property if any such action by the Asset Manager would constitute a Major Decision.

Appears in 1 contract

Samples: Management Agreement (Lexington Corporate Properties Trust)

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