Lease Expenses Sample Clauses
Lease Expenses. “Lease Expenses” shall mean, collectively, the leasing commissions payable to third parties, and any fees, costs and expenses (including, without limitation, any tenant improvement costs or tenant allowances) arising out of or in connection with any Leases or other occupancy agreements (including any renewals or modifications thereof) affecting all or any part of the Real Property. Purchaser shall be responsible for the payment of any unpaid Lease Expenses (a) set forth in a Lease existing as of the Effective Date which relate to any renewal or expansion of any Lease occurring after the Effective Date, (b) set forth in any New Lease or (c) set forth on Schedule 2.3 attached hereto. Seller shall be responsible for the payment of any unpaid Lease Expenses (a) set forth in a Lease existing as of the Effective Date which relate to the base term of any Lease or the renewal or expansion of any Lease that occurred prior to the Effective Date and which are not included within Purchaser’s obligations on Schedule 2.3. Purchaser hereby agrees to indemnify, protect, defend and hold Seller harmless from and against all loss, liability, cost and expenses (including, but not limited to, reasonable attorneys’ fees) that Seller actually suffers or incurs as a result of the failure by Purchaser to timely pay or discharge any of the Lease Expenses for which Purchaser is responsible under this Section 2.3. Seller hereby agrees to indemnify, protect, defend and hold Purchaser harmless from and against all loss, liability, cost and expenses (including, but not limited to, reasonable attorneys’ fees) that Purchaser actually suffers or incurs as a result of the failure by Seller to timely pay or discharge any of the Lease Expenses for which Seller is responsible under this Section 2.3. The assumption and indemnity provisions of this Section 2.3 shall survive the Closing Date until the expenses for which Purchaser or Seller is responsible under this Section 2.3 have been paid in full, waived or settled by the tenant or otherwise satisfied.
Lease Expenses. At Closing, Purchaser shall reimburse Seller for any and all Reimbursable Lease Expenses to the extent that the same have been paid by Seller prior to Closing. In addition, at Closing, Purchaser shall assume Seller's obligations to pay, when due (whether on a stated due date or by acceleration) any Reimbursable Lease Expenses unpaid as of the Closing, and Purchaser hereby agrees to indemnify and hold Seller harmless from and against any and all claims for such Reimbursable Lease Expenses which remain unpaid for any reason at the time of Closing, which obligations of Purchaser shall survive the Closing and shall not be merged therein. Each party shall make available to the other all records, bills, vouchers and other data in such party's control verifying Reimbursable Lease Expenses and the payment thereof.
Lease Expenses. At Closing, Buyer shall reimburse Seller for the Reimbursable Lease Expenses to the extent required by the terms of Article 14.
Lease Expenses. On or before the Closing Date, Seller shall pay in full all Lease Expenses (as hereinafter defined) relating to or which are or become due and payable (whether before or after Closing) under the Existing Leases and the New Lease (as hereinafter defined) if executed by Seller; provided, however, to the extent such Lease Expenses have not been paid by Seller prior to Closing, then (i) Buyer shall receive a credit against the Purchase Price at Closing in an amount equal to the then‑unpaid Lease Expenses with respect to the costs described on Exhibit F‑2 hereto which, if unpaid as of the Closing Date, are to be credited against the Purchase Price in accordance with Exhibit F-2; provided, however, Tier Dallas Party has agreed to assume leasing brokerage commissions and tenant improvement allowances payable with respect to the expansion by ▇▇▇▇▇▇▇▇▇, Greige & ▇▇▇▇▇▇ (“RGT”) of its existing lease at the Dallas Property covering approximately 19,793 rentable square feet (“RGT Lease”) by an additional approximately 2,917 rentable square feet and for the extension of the RGT Lease for an additional three (3) years; provided further, RREEF Dallas Party shall be solely responsible for the payment of any other tenant improvement allowances which have not been used under the RGT Lease and is payable to RGT under the RGT Lease or if such unused allowance is to be credited as future rent under the RGT Lease, such amount shall be paid by RREEF Dallas Party to Tier Dallas Party on the Closing Date. “Lease Expenses” shall mean all leasing commissions, lease buyouts, tenant improvement costs, tenant improvement allowances and all other costs and expenses due to any tenant, any leasing agent or any third party in connection with any Leases. Buyer shall be responsible for the payment of the following Lease Expenses (“Buyer Lease Expenses”) (i) any Lease Expenses under Leases (other than the New Lease) entered into after the date hereof and approved by Buyer pursuant to Section 4.3 hereof and (ii) any Lease Expenses under renewals, extensions, amendments or expansions of Existing Leases which are entered into or exercised by tenants after the Effective Date and approved by Buyer pursuant to Section 4.3 to the extent the landlord under any such Existing Lease has approval rights relating to any such renewal, extension or expansion option. To the extent Seller shall have paid any Buyer Lease Expenses prior to the Closing Date, then, at Closing, such amounts shall be credited to Se...
Lease Expenses. At Closing, Buyer shall reimburse Seller for any and all Reimbursable Lease Expenses to the extent that the same have been paid or incurred by Seller prior to Closing. In addition, at Closing, (i) Buyer shall assume Seller’s obligations to pay, when due (whether on a stated due date or accelerated) any Reimbursable Lease Expenses unpaid as of the Closing, and (ii) Buyer hereby agrees to indemnify and hold Seller harmless from and against any and all Liabilities (including reasonable attorneys’ fees, expenses and disbursements) with respect to such Reimbursable Lease Expenses which remain unpaid for any reason at the time of Closing, which obligations of Buyer shall survive the Closing and shall not be merged therein. Each party shall make available to the other all records, bills, vouchers and other data in such party’s control verifying Reimbursable Lease Expenses and the payment thereof.
Lease Expenses. Indebtedness of the Borrower and its Domestic Subsidiaries with respect to the Revolving Loan Facility; and
Lease Expenses. 7 5.2 Real Estate and Personal Property Taxes......................................7 5.3 Other Property Operating Expenses............................................8 5.4
Lease Expenses. Indebtedness of the Borrower with respect to the Leasehold Improvement Loan;
Lease Expenses. At Closing, Meridian shall reimburse Prudential for any and all fees paid by Prudential prior to Closing or costs and expenses incurred by Prudential prior to Closing (such fees, costs and expenses being herein collectively called the "LEASE EXPENSES"), arising out of or in connection with:
(a) any extensions, renewals or expansions under the Leases exercisable and exercised by any tenant between the date of the full execution of the Letter of Interest and the Closing Date; and
(b) any lease for space at any Facility entered into between the date of the full execution of the Letter of Interest and the Closing Date, or any extension, renewal or expansion of a Lease where such Lease does not provide for its extension, renewal or expansion, entered into on or after the date of the full execution of the Letter of Interest (a "NEW LEASE").
Lease Expenses. At Closing, Meridian shall reimburse Prudential for the Lease Expenses (as defined in Section 13.2) to the extent required by the terms of Section 13.2.
