Common use of Expired Leases Clause in Contracts

Expired Leases. Seller will exercise commercially reasonable efforts prior to Closing to obtain written renewals or extensions, on terms reasonably acceptable to Buyer, for at least one year following the Closing of all leases of Real Property that will have expired prior to the Closing.

Expired Leases. Seller will exercise commercially reasonable efforts prior to the Closing to obtain written renewals or extensions, on terms reasonably acceptable to Buyer, extensions for at least one year following the Closing of all leases of Real Property that will have expired prior to the Closing.