Existing Leases; Modification of Existing Leases; New Leases Sample Clauses

Existing Leases; Modification of Existing Leases; New Leases. Seller states that none of the Leases to be assigned 494 to the Buyer at the time of Closing contain any rent concessions, rent reductions or rent abatements except as disclosed in the 495 Lease or other writing received by Buyer. Seller will not amend, alter, modify, extend or cancel any of the Leases nor will Seller 496 enter into any new leases affecting the Property without the prior written consent of Buyer, which consent will not be unreasonably 497 withheld or delayed.
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Existing Leases; Modification of Existing Leases; New Leases. Seller states that none of the Leases to be 466 assigned to the Buyer at the time of Closing contain any rent concessions, rent reductions or rent abatements except as disclosed in 467 the Lease or other writing received by Buyer. Seller shall not amend, alter, modify, extend or cancel any of the Leases nor shall 468 Seller enter into any new leases affecting the Property without the prior written consent of Buyer, which consent shall not be 469 unreasonably withheld or delayed.
Sample 1

Related to Existing Leases; Modification of Existing Leases; New Leases

  • Existing Leases (1) Exhibit "E" sets forth a true, correct and complete list of the Existing Leases for the related Premises and the information with respect to the Existing Leases set forth in Exhibit "E" hereto is true, correct and complete in all material respects, (2) no tenants are entitled to any rebates, rent concessions or free rent except as may be expressly set forth in the Existing Leases or on Exhibit "E", (3) no rents due under any of the Existing Leases are presently assigned, hypothecated or encumbered by Seller, other than in connection with any mortgage encumbering the Premises which shall be satisfied in connection with the closing for the Property in question, (4) there are no unpaid brokerage commissions or unpaid landlord obligations for tenant improvements in connection with the current term of occupancy of tenants under the Existing Leases, (5) no rent under any of the Existing Leases has been prepaid (except for rental for the current month and payments that are required to be made in advance pursuant to the terms and provisions of the Existing Leases and except for prepayments set forth either in the Existing Leases or as set forth on Exhibit "E"), (6) as of the Closing Date no Existing Lease shall be terminated by agreement with the tenant (except by reason of a default by the tenant thereunder or except for notices given to indicate the landlord's intention not to permit the term of the lease to continue or be renewed for an additional term), (7) no tenant has notified Seller in writing of its intent to terminate its lease prior to expiration of the term of such lease, (8) no written notice of any default under the Existing Leases has been given or received by the related Seller, and (9) the copies of the Existing Leases delivered to Buyer are true, correct and complete copies thereof.

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