Lease Form. The form of Lease, if any, to be used by the Borrower or such Subsidiary Guarantor in connection with future leasing of such Mortgaged Property, which shall be in form and substance reasonably satisfactory to the Agent.
Lease Form. As required by the Agent, the form of Lease, if any, to be used by the Borrower or such Subsidiary Guarantor in connection with future leasing of such Pool Property, which shall be in form and substance reasonably satisfactory to the Agent.
Lease Form. Copy of Seller's current standard lease form;
Lease Form. Property Manager shall use the lease form (the “Lease Form”) attached hereto as Exhibit F.
Lease Form. Form RD 1955–20 ap- proved by OGC will be used by the agency to lease property.
Lease Form. Except to the extent any national or regional tenant requires the use of its own form of lease as a condition to occupying the Property or in connection with the renewal of an existing lease on a form substantially similar to the existing lease form, Borrower shall only execute Leases, in connection with leasing all or any part of the Property, in substantially the form of tenant lease approved by Lender as part of the underwriting of the Loan (the “Form Lease”) and include non-material changes only; notwithstanding the foregoing, the renewal of any lease with a Major Tenant is not required to be on the Form Lease but shall be subject to Xxxxxx’s approval. Borrower shall not, without the prior written consent of Lender, which may be granted or withheld in Xxxxxx’s sole reasonable discretion, materially amend, modify or alter the Form Lease and Borrower shall reimburse Lender any of its costs and expenses, including reasonable attorneys’ fees, for the review of the Form Lease, including any proposed revisions thereto, or for the review of proposed Leases, any extensions, modifications and amendments to Leases. Any change to the Form Lease affecting the tenant’s insurance, the tenant’s obligation to reimburse the landlord for the cost of taxes, insurance or operating expenses, the use of insurance or condemnation proceeds, granting any right with respect to the purchase of any part of the Property (including without limitation, any right of first offer or refusal or purchase option), or otherwise having an adverse effect on Lender’s rights shall be deemed to be “material” and may not be made without Lender’s consent. If Borrower requests Lender to review and/or execute any non-disturbance and attornment agreements or estoppel certificates with current or future tenants of the Property (as applicable), Lender will only enter into such agreements which are on Lender’s then-current standard form of such agreement or such other form as Lender may approve. Any other form or changes to Lender’s then-current standard form submitted by Borrower or tenant are subject to Lender’s review, and shall be subject to payment by Borrower of Lender’s reasonable actual legal fees (internal or external counsel). All Leases must (i) be at competitive market rents; (ii) for all new Leases, have lease terms of not less than three (3) years; and (iii) contain a written provision acceptable to Lender whereby all rights of the tenant under the Lease are subordinated to the Loan Docum...
Lease Form. The standard form of Lease now in use with respect to each of the Properties is attached hereto as Exhibit F.
Lease Form. Borrower shall only execute new Leases, in connection with leasing all or any part of the Property, on the form of tenant lease approved by Xxxxxx as part of the underwriting of the Loan (the “Form Lease”) and include non-material changes only. Borrower shall not, without the prior written consent of Lender, which may be granted or withheld in Lender’s reasonable discretion, materially amend, modify or alter the Form Lease and Xxxxxxxx shall reimburse Lender any of its actual costs and expenses, including reasonable attorneys’ fees, for the review of the Form Lease, including any proposed revisions thereto, or for the review of proposed Leases that are subject to Lender’s review pursuant to the Loan Documents, any extensions, modifications and amendments to Leases. All Leases must (i) be at competitive market rents; and (ii) for all new Leases, have lease terms of not less than one (1) year; provided, however Borrower may enter into new Leases with lease terms of less than one (1) year so long as such Leases are no more than fifteen percent (15%) of all Leases, in conjunction with prudent leasing and management practices. Notwithstanding the foregoing, Borrower may make modifications to the Form Lease as may be required or necessary in order to maintain compliance with applicable Law and negotiate changes to the Form Lease with prospective tenants provided such changes are commercially reasonable, negotiated in the ordinary course of business of owning and operating the Property in a prudent and sound business like manner and otherwise consistent with normal and prudent property management practices.
Lease Form. With respect to each On-Site Rental Store, the parties agree to complete, execute and deliver a lease, substantially in the form of Exhibit C to the Agreement, at least one hundred and twenty (120) days prior to the targeted opening date of such store. Lowe’s shall not be obligated to commence construction on any On-Site Rental Store until the conditions of Section 1.5 of the fully-executed lease for the applicable store have been met. In addition, the parties agree to amend the leases covering the six (6) test stores currently operating under the Pilot Agreement to extend their terms from six (6) months to expire on October 31, 2008 and to add two (2) five (5)-year renewal terms to conform them to the form of lease attached as Exhibit C to the Agreement.
Lease Form. Following execution of this proposal, Xxxxxx will prepare a draft lease and addendum using the AIR CRE Standard Industrial/Commercial Multi-Tenant Lease form for Landlord’s review and approval.
