Leasing and Property Guidelines Sample Clauses

Leasing and Property Guidelines. Not later than seventy-five ------------------------------- (75) days prior to the commencement of each calendar year, the Managing Member shall submit to the Management Committee leasing and property guidelines for the Properties for the ensuing year in a form acceptable to the Management Committee which shall include, but not necessarily be limited to, (i) basic, additional and percentage rent parameters for the leasing of space at the Properties, (ii) tenant improvement, take-back, take-over, free rent, tenant allowances and other incentive parameters for the leasing of space at the Properties, (iii) credit worthiness parameters for prospective tenants at the Properties, (iv) a narrative description setting forth leasing strategies for the Properties, (v) a description of the nature of acceptable tenants for the Properties, and (vi) a form lease in each jurisdiction where the Properties are located (which may be subject in each instance to modifications customary for the applicable market area and type and quality of tenant). Said leasing and property guidelines, once approved by the Management Committee, shall herein be referred to collectively as the "Leasing and Property Guidelines." Once approved, the Company shall not supplement, modify or amend the Leasing and Property Guidelines without the approval of the Management Committee. Attached hereto and made a part hereof as Exhibit E are the Leasing and Property Guidelines in --------- effect for the 2000 calendar year.
Sample 1
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Leasing and Property Guidelines. (a) Not later than ninety (90) days prior to the commencement of each Fiscal Year, the Managing Member shall submit, or shall cause the On-Site Property Manager to submit, to the other Members leasing and property guidelines for the Property for the ensuing year in the form of the Leasing and Property Guidelines for the current Fiscal Year attached hereto as Exhibit E and acceptable to the Members in the exercise of their reasonable judgment. Such leasing and property guidelines shall include, but not necessarily be limited to, (i) a true, complete and accurate copy of the most recent rent roll for the Property, (ii) basic, additional and percentage rent parameters for the leasing of space at the Property, (iii) tenant improvement, free rent, tenant allowances and other incentive parameters for the leasing of space at the Property, (iv) a net effective rent calculation, (v) credit worthiness parameters for prospective tenants at the Property, (vi) a narrative description setting forth leasing strategies for the Property, (vii) a description of the nature of acceptable tenants for the Property, (viii) projected occupancy and vacancy levels for the ensuing Fiscal Year, (ix) any changes to the standard form of lease to be used at the Property and (x) a written narrative discussion of significant events in the relevant market where the Property is located which shall highlight the Property’s position in its relevant market and discuss matters such as vacancy, new construction, rental trends, etc. Each Member shall endeavor within thirty (30) days from the receipt of the proposed leasing and property guidelines to deliver to the Company a written acceptance or rejection (in reasonable detail indicating recommended changes, in the case of a rejection) of such proposed leasing and property guidelines. The implementation of any proposed leasing and property guidelines shall require approval of all of the Members. Said leasing and property guidelines, once approved by all of the Members, shall herein be referred to collectively as the “Leasing and Property Guidelines.” Once approved, the Managing Member shall not supplement, modify or amend the Leasing and Property Guidelines without the prior express written consent of all of the Members. If proposed leasing and property guidelines for the Property are not approved, the Managing Member shall resubmit to the other Members within ten (10) days of such disapproval revised leasing and property guidelines reflecting ch...
Sample 1

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