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 assigned 454 to the Buyer at the time of Closing contain any rent concessions, rent reductions or rent abatements except as disclosed in the 455 Lease or other writing received by Buyer. Seller shall not amend, alter, modify, extend or cancel any of the Leases nor shall Seller 456 enter into any new leases affecting the Property without the prior written consent of Buyer, which consent shall not be 457 unreasonably withheld or delayed.
Sample 1

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

  • Assignment of Leases The Assignment of Leases creates a valid assignment of, or a valid security interest in, certain rights under the Leases, subject only to a license granted to Borrower to exercise certain rights and to perform certain obligations of the lessor under the Leases, including the right to operate the Property. No Person other than Lender has any interest in or assignment of the Leases or any portion of the Rents due and payable or to become due and payable thereunder.

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