Common use of Execution of New Leases and Renewals Clause in Contracts

Execution of New Leases and Renewals. Seller shall use reasonable efforts to negotiate new leases for unrented apartment units in the Improvements and/or Lease renewals for rented apartment units in the Improvements and shall maintain an advertising and marketing program for apartment units in the Improvements consistent with Seller’s past practices at the Property. Unless Purchaser agrees otherwise in writing, any new leases for such apartment units entered into by Seller after the Effective Date until the Closing or earlier termination of this Agreement shall be on Seller’s standard apartment lease form for the Property and shall be consistent with Seller’s past leasing practices. In all cases, Seller shall retain the discretion to set rent rates, concessions and other terms of occupancy, provided Seller shall only enter into new leases or renewals in the ordinary course of business taking into account Seller’s then-current good faith evaluation of market conditions. Each such new lease or renewal entered into by Seller shall constitute a “Lease” for purposes of this Agreement.

Execution of New Leases and Renewals. Seller shall use reasonable efforts to negotiate new leases for unrented apartment units in the Improvements and/or Lease renewals for rented apartment units in the Improvements and shall maintain an advertising and marketing program for apartment units in the Improvements consistent with Sellerthe Company’s past practices at the Property. Unless Purchaser agrees otherwise in writing, any new leases for such apartment units entered into by Seller the Company after the Effective Date until the Closing or earlier termination of this Agreement shall be on Sellerthe Company’s standard apartment lease form for the Property and shall be consistent with Sellerthe Company’s past leasing practices. In all cases, Seller the Company shall retain the discretion to set rent rates, concessions and other terms of occupancy, provided Seller the Company shall only enter into new leases or renewals in the ordinary course of business taking into account Seller’s then-current good faith evaluation of market conditions. Each such new lease or renewal entered into by Seller the Company shall constitute a “Lease” for purposes of this Agreement.

Execution of New Leases and Renewals. Seller Sellers shall use reasonable efforts to negotiate new leases for unrented apartment units in the Improvements and/or Lease renewals for rented apartment units in the Improvements and shall maintain an advertising and marketing program for apartment units in the Improvements consistent with Sellerthe Company’s past practices at the Property. Unless Purchaser agrees otherwise in writing, any new leases for such apartment units entered into by Seller the Company after the Effective Date until the Closing or earlier termination of this Agreement shall be on Sellerthe Company’s standard apartment lease form for the Property and shall be consistent with Sellerthe Company’s past leasing practices. In all cases, Seller the Company shall retain the discretion to set rent rates, concessions and other terms of occupancy, provided Seller the Company shall only enter into new leases or renewals in the ordinary course of business taking into account Seller’s Sellers’ then-current good faith evaluation of market conditions. Each such new lease or renewal entered into by Seller the Company shall constitute a “Lease” for purposes of this Agreement.