Common use of LARGE SHOP LEASES AND NONCONFORMING SMALL SHOP AND TEMPORARY LEASES Clause in Contracts

LARGE SHOP LEASES AND NONCONFORMING SMALL SHOP AND TEMPORARY LEASES. Manager shall obtain the written consent of Owner to the terms and conditions of any Large Shop Lease or any Small Shop or Temporary Lease which Manager is not authorized to execute on behalf of Owner pursuant to the terms hereof, by delivering such Lease to Owner together with all reasonably relevant information. Owner shall grant or deny (with specificity) its approval of the terms and conditions of any such Lease within ten (10) Business Days after Owner's receipt of such Lease and relevant information. In the event that Owner shall fail to notify Manager (by telephone, facsimile or otherwise) of its approval or rejection within such ten (10) Business Day period, Owner shall be deemed to have approved such Lease. Upon Owner's approval or deemed approval of any such Lease, Manager shall be authorized to execute such Lease on behalf of Owner, and shall deliver a conformed copy thereof to Owner within ten (10) Business Days after Manager's execution of such Lease.