Leasing Commissions and Tenant Improvement Costs. The cost of all leasing commissions and tenant finish work (hereinafter referred to as "LEASING COSTS") which are due and payable as of the close of the day immediately preceding the Closing Date, attributable only to the current non-cancelable terms under Existing Leases as of the date hereof (and not to any future extensions, renewals or expansions thereof) shall be the sole and exclusive obligation of Seller. Purchaser shall pay Leasing Costs and be responsible for all other expenditures, leasing concessions, etc. under modifications of Existing Leases and under New Leases which have been approved by Purchaser during the period from the Effective Date until the Closing Date and for any renewal or extension thereof (including an extension resulting from a tenant's failure to exercise a right under its Lease to cancel a portion of the term of such Lease) or expansion thereof or entered into, and/or approved by Purchaser subsequent to the Effective Date. Purchaser shall be entitled to receive, as a credit on the Closing Statement, all payments received by Seller after the Effective Date (i) from tenants under New Leases, (ii) from tenants under Existing Leases which are renewed after the Effective Date, as to payments which relate to a period from and after the commencement of the renewal term, and (iii) from tenants under Existing Leases which are expanded after the Effective Date, as to payments which relate to the expansion portion of the demised premises.
Leasing Commissions and Tenant Improvement Costs. Seller shall pay all unpaid leasing commissions, partial rent, moving allowances and tenant improvement costs accrued in connection with any Lease which Seller has executed prior to the date of this Agreement except for a Lease of a Vacant Suite (but not including leasing commission attributable to expansion or extension options which are not exercised until after the Closing, except as set forth in this Agreement) or Bedford shall receive a credit for such amounts at Closing. Seller shall provide Bedford with reasonable evidence of payment of such expenses together with copies of any lien releases to the extent obtained by Seller. Seller shall xxxxx Xxxxxxx a credit at the Closing Date to the extent any of the lease obligations of Seller under this Section or elsewhere in this Agreement have not been paid by Seller as of the Closing Date other than those expressly covered by a Seller security as provided for in this Agreement.
Leasing Commissions and Tenant Improvement Costs. Except as set forth in Section 11.1.5 and for any Approved New Lease (as hereinafter defined), Seller shall pay all leasing commissions and tenant improvement costs accrued in connection with any Lease executed on or before the Closing Date (but not including leasing commission attributable to expansion or extension options which are not exercised until after the Closing) or Bedford shall receive a credit therefor at Closing. With respect to any Approved New Lease entered into after the date on which Bedford has delivered to Seller its written notice of approval of its conditions as provided in Section 10.1.4 hereof, Bedford shall pay all leasing commissions and tenant improvement costs incurred in connection with such Approved New Lease, not to exceed the amounts disclosed in writing to and approved in writing by Bedford in connection with its approval of such Approved New Lease. Seller shall provide Bedford with copies of invoices or other reasonably satisfactory evidence of payment of such expenses that are the subject of reimbursement by Bedford, together with copies of any lien releases to the extent obtained by Seller. Seller shall xxxxx Xxxxxxx a credit at the Closing Date to the extent any of the lease obligations of Seller under this Section or Section 10.1.4 have not been paid by Seller as of the Closing Date.
Leasing Commissions and Tenant Improvement Costs. As of the Effective Date, all leasing commissions with respect to the prior and/or current terms of the Leases have been paid in full, other than as set forth on Schedule 2.2 attached hereto. As of the Effective Date, all Tenant Inducement Costs and allowances with respect to the prior and/or current terms of the Leases have been paid in full, other than as set forth on Schedule 2.2 attached hereto.
Leasing Commissions and Tenant Improvement Costs. Any provision of this Agreement to the contrary notwithstanding, Seller shall be responsible for any unpaid tenant improvement allowances and unpaid leasing commissions with respect to any Lease executed prior to the Closing (except as provided below), but only to the extent such allowances and commissions relate to both the current lease term and the current leased premises (“Lease Expenses”) (whether one or more, the “Seller’s Capital Lease Obligations”), as more fully described on Exhibit H) and not to any future lease term renewal(s) or future premises expansion(s). Purchaser and Seller shall allocate the amounts payable by Seller under the Seller’s Capital Lease Obligations as aforesaid in a manner mutually acceptable to them, in the form of an adjustment at Closing.
Leasing Commissions and Tenant Improvement Costs. Seller shall pay all leasing commissions and tenant improvement costs, including free rent, partial rent and moving allowances, in connection with any Lease executed on or before the Agreement Date (but not including leasing commissions attributable to expansion or extension options which are not exercised until after the Agreement Date or the future expansion of Pacific Mutual Life (collectively, “Continuing Listing Obligations”)) or Bedford shall receive a credit therefor at Closing (which credit may be given as part of the prorations under Sections 8.8.2 and 8.8.3 above). With respect to any Approved New Lease (defined in Section 10.1.4), Bedford shall pay all leasing commissions and tenant improvement costs incurred in connection with such Approved New Lease, not to exceed the amounts set forth in Section 10.1.4. Seller shall provide Bedford with copies of invoices or other reasonably satisfactory evidence of payment of such expenses that are the subject of reimbursement by Bedford, together with copies of any lien releases to the extent obtained by Seller. Seller shall xxxxx Xxxxxxx a credit at the Closing Date to the extent any of the lease obligations of Seller under this Section have not been paid by Seller as of the Closing Date.
Leasing Commissions and Tenant Improvement Costs. To the extent not satisfied by posting a security under the provisions of Section 11.1.5, 11.1.6, 11.1.7 or 11.1.8 or the Brokers Letter set forth as Exhibit L, Seller shall pay all leasing commissions and tenant improvement costs accrued in connection with any Lease executed on or before the Closing Date (excluding only leasing commissions attributable to expansion or extension options which are not exercised until after the Closing) or Bedford shall receive a credit therefor at Closing. Seller shall provide Bedford with copies of invoices or other reasonably satisfactory evidence of payment of such expenses that are the subject of reimbursement by Bedford or the subject of any security posted by Seller under the provisions of Sections 11.1.5, 11.1.7 or 11.1.8, together with copies of any lien releases required of Seller.
