Leasing Commissions and Tenant Improvements. At the Closing, Buyer shall pay or reimburse Sellers for all leasing commissions, tenant improvement costs and allowances and other charges due and payable, or previously paid by a Property Owner, by reason of or in connection with any Leasing Transaction. At or prior to the Closing, Sellers shall (or shall cause the applicable Property Owner to) pay all leasing commissions, tenant improvement costs and allowances and other charges due and payable by reason of or in connection with any Lease listed on Exhibit D (without giving effect to any Leasing Transaction). To the extent that any leasing commissions, tenant improvement costs and allowances and other charges relating to any Lease or Leasing Transaction are not due and payable as of the Closing Date, Buyer shall receive a credit on the Settlement Statement equal to the amount, if any, thereof relating to any Lease listed on Exhibit D (without giving effect to any Leasing Transaction).
Leasing Commissions and Tenant Improvements. The parties agree that as to any new Leases or amendments thereto executed after the Effective Date and prior to Closing in accordance with the terms of this Agreement, all Leasing Costs (as defined below) shall be paid by Buyer. Subject to the foregoing and the provisions of Section 9.2.1, Buyer shall pay all Leasing Costs that become due and payable on or after Closing, and Sellers shall have no obligation to pay any such Leasing Costs; provided, however, that in respect of Buyer’s agreement to pay such Leasing Costs, including, without limitation, those set forth on Schedule 5.6 hereto, Buyer shall receive a credit at Closing in the amount of $1,160,301.72 (the “Leasing Cost Credit”) in respect of the Leasing Costs listed on Schedule 5.6 hereto, subject to reduction as set forth in the penultimate sentence of this Section 5.6. At Closing, Buyer shall assume Seller’s obligation to the applicable tenants to pay any remaining unpaid Leasing Costs for which Buyer is responsible as set forth in this Section 5.6. The Leasing Cost Credit shall be reduced by the amount of any Leasing Costs set forth on Schedule 5.6 that are actually paid by Seller prior to Closing as to which Seller provides reasonable proof of payment to Buyer. As used herein, “Leasing Costs” shall mean any out-of-pocket payments required under a Lease or any Lease amendment to be paid by the landlord thereunder to or for the benefit of the tenant thereunder that is in the nature of a tenant inducement or concession including, without limitation, tenant improvement costs, design, refurbishment and other tenant allowances, lease - -13 - buyout costs, moving allowances, any free-rental period provided under the Leases and any brokerage or leasing commissions, finders fees or similar payments and legal expenses relating thereto.
Leasing Commissions and Tenant Improvements. At the Closing Buyer shall pay to Seller (if then due), reimburse Seller for (if already paid), and assume from Seller the obligation to pay (if due in the future) all leasing commissions, tenant improvement costs and other charges payable by reason of or in connection with any Lease (i) entered into with Buyer’s approval after the date hereof and (ii) any renewal, expansion (including any expansion options contained in an existing Lease) or extension of an existing Lease after the Closing. At the Closing, Seller shall credit Buyer the sum of $2,740,776 against the Purchase Price, which sum equals the tenant improvement allowance to which RSUI is entitled under that certain Office Lease Agreement, dated as of September 9, 1988, by and between Seller’s predecessor-in-interest and RSUI’s predecessor-in-interest (as the same has been amended and assigned, the “RSUI Lease”). Upon the granting of such credit to Buyer at the Closing, Seller shall be released of any obligation to pay such tenant improvement allowance to RSUI and Buyer shall indemnify and hold Seller harmless against any claim by RSUI for such tenant improvement allowance (including attorneys’ fees). Buyer shall be liable for the payment of any leasing commission owed to a third-party broker and any tenant improvement allowance owed to RSUI, as the case may be, if RSUI exercises the Expansion Option (as defined in the RSUI Lease), and Buyer shall indemnify and hold Seller harmless against any claim by RSUI or any third-party broker for any such leasing commission or tenant improvement allowance (including attorneys’ fees). This Section 7.1.2 shall survive the Closing.
Leasing Commissions and Tenant Improvements. Notwithstanding anything herein to the contrary, Purchaser shall be solely responsible for all renewal leasing commissions with respect to the Tenant Leases existing as of the Effective Date, and all leasing commissions, and tenant improvement costs with respect to the Tenant Leases as more particularly described on Exhibit "J" attached hereto and Seller shall receive a credit at closing for any such leasing commissions or tenant
Leasing Commissions and Tenant Improvements. Any and all leasing commissions due and tenant improvements with respect to Leases in existence on the date hereof including the Pending Leases (as hereinafter defined in Exhibit "R") shall be paid in full and discharged by Seller. Any and all leasing commissions and tenant improvements with respect to Leases executed after the date hereof in accordance with the consent provisions described below, except for the Pending Leases shall be paid in full and discharged by Buyer.
Leasing Commissions and Tenant Improvements. Upon or before the Closing, Seller shall pay in full and provide reasonable evidence to Purchaser of such payment (a) all leasing commissions and finder’s fees due to leasing or other agents for the current remaining term of each Lease entered into prior to the Effective Date, excluding specifically, however, unexercised renewal terms and unexercised expansions of any of such Leases and (b) all tenant improvement allowances owed to any tenants under the Leases with respect to any tenant improvement work completed prior to the Effective Date.
Leasing Commissions and Tenant Improvements. There are no Leases for which commissions or other compensation of leasing and rental agents are owed.
Leasing Commissions and Tenant Improvements. Any and all leasing ------------------------------------------- commissions due and tenant improvements with respect to Leases in existence on the date hereof including the Pending Leases (as hereinafter defined in Exhibit "Q") shall be paid in full and discharged by the Partners or the Partnership or credited to Buyer at closing prior to the Close of Escrow. The Partners have entered into that certain Management Agreement with Xxxxxx & Co. a true copy of which is attached hereto as Exhibit "R" (the "Management Agreement"). The Partnership will terminate the Management Agreement as of the Close of Escrow. Buyer shall pay to Xxxxxx & Company a leasing commission earned by Xxxxxx & Company pursuant to the Termination of Management Agreement attached hereto as Exhibit "S". Any and all leasing commissions and tenant improvements with respect to Leases executed after the date of this Agreement in accordance with the consent provisions described below, except for the Pending Leases shall be paid in full and discharged by Buyer.
Leasing Commissions and Tenant Improvements. At the Closing, Buyer shall pay or reimburse Seller for all leasing commissions, tenant improvement costs and allowances and other charges due and payable, or previously paid by Seller, by reason of or in connection with any Leasing Transaction. At or prior to the Closing, Seller shall pay all leasing commissions, tenant improvement costs and allowances and other charges due and payable by reason of or in connection with any Lease listed on Exhibit F (without giving effect to any Leasing Transaction). To the extent that any leasing commissions, tenant improvement costs and allowances and other charges relating to any Lease or Leasing Transaction are not due and payable as of the Closing Date, Buyer shall assume the obligation to pay them pursuant to the General Assignment and will receive a credit on the Settlement Statement equal to the amount, if any, thereof relating to any Lease listed on Exhibit F (without giving effect to any Leasing Transaction).
Leasing Commissions and Tenant Improvements. Except as set forth below, any and all leasing commissions and tenant improvements with respect to Leases in existence on the Effective Date shall be paid in full and discharged by Seller at Closing. Any and all leasing commissions and tenant improvements with respect to Leases executed after the Effective Date which have been approved by Buyer in accordance with this Agreement, any leasing commissions on those recently executed Leases, or renewals or extensions, as expressly identified on Exhibit A hereto, shall be paid in full and discharged by Buyer. Any and all leasing commissions and tenant improvements with respect to Leases executed after the Effective Date which have been not been approved by Buyer in accordance with this Agreement shall be paid in full and discharged by Seller. Leasing commissions due to any affiliate of Seller shall be paid by Seller and shall not be prorated.
