Leasing Covenants. With respect to each Acquired REO Property, the Manager shall cause the applicable Ownership Entity to (i) perform the obligations that such Ownership Entity is required to perform under the leases to which it is a party in all material respects and (ii) enforce, in accordance with commercially reasonable practices for properties similar to the applicable Acquired REO Property, the material obligations to be performed by the tenants under such leases.
Leasing Covenants. Trustor covenants and agrees as follows: -----------------
Leasing Covenants. Each Borrower (i) shall observe and perform the material obligations imposed upon the lessor under the Leases; (ii) shall enforce in a commercially reasonable manner the terms, covenants and conditions contained in the Leases upon the part of the lessee thereunder to be observed or performed; (iii) shall not collect any of the rents more than one (1) month in advance (other than security deposits) except as approved by Lender or as provided in Leases in existence as of the date hereof; (iv) shall not execute any other assignment of lessor's interest in the Leases or the Rents (except as contemplated by the Loan Documents); (v) shall not alter, modify or change the terms of the Leases in a manner inconsistent within the provisions of the Loan Documents; (vi) shall promptly send copies to Lender of all notices of default such Borrowers shall give or receive with respect to any Lease demising 20,000 or more square feet of gross leasable area; and (vii) shall execute and deliver at the request of lender all such further assurances, confirmations and assignments in connection with the Leases as Lender shall from time to time reasonably require.
Leasing Covenants. Borrower (1) shall perform the obligations which Borrower is required to perform under the Leases; (2) shall enforce the obligations to be performed by the tenants; (3) shall promptly furnish to Lender any notice of default or termination received by Borrower from any tenant, and any notice of default or termination given by Borrower to any tenant, subject in the case of the Gelson's Lease to clause (7) below; (4) shall not collect any rents for more than thirty (30) days in advance of the time when the same shall become due, except for bona fide security deposits not in excess of an amount equal to two months' rent; (5) shall not enter into any ground lease or master lease of any part of the Project; (6) shall not further assign or encumber any lease or any rents payable thereunder; (7) shall not, except with Lender's prior written consent, cancel or terminate or accept surrender or termination of the Gelson's Lease; and (8) shall not, except with Lender's prior written consent, modify or amend any Lease (except as expressly provided in Section 7.3), and any action in violation of clauses (5), (6), (7), and (8) of this Section 7.2 shall be void at the election of Lender. Lender will cause the Gelson's SNDA to be recorded in the Official Records of Los Angeles County post Closing Date and will cause the Title Company to issue an Alta 11.1 mortgage modification with subordination endorsement to the Title Insurance Policy, adding the Gelson's SNDA to Schedule B, Part II, the cost of which shall be paid for by Borrower within 7 days written demand therefore.
Leasing Covenants. Each Borrower (1) shall in all material respects perform the obligations which such Borrower is required to perform under the leases; (2) shall enforce the material obligations to be performed by the tenants under their leases; (3) shall promptly furnish to Administrative Agent any written notice of default or termination received by a Borrower from any tenant under a Major Lease, and any written notice of default or termination given by a Borrower to any tenant under a Major Lease; (4) shall not collect any rents for more than thirty (30) days in advance of the time when the same shall become due, except for bona fide security deposits; (5) shall not enter into any ground lease or master lease of any part of any Project (but this shall not apply to the existing ground lease described on Schedule 7.2); (6) shall not further assign or encumber any lease or any rents payable thereunder; (7) shall not, except with Administrative Agent’s prior written consent, cancel or accept surrender or termination of any Major Lease, except as such right of a tenant is expressly set forth in such lease; and (8) shall not, except with Administrative Agent’s prior written consent in accordance with Section 7.3(2) of this Agreement. modify or amend any ground lease or Required Lease (it being understood that an extension of a lease shall be deemed to be an amendment to a lease if the tenant does NOT have a contractual right in its then-existing lease to receive an extension), except for minor modifications and amendments to a Required Lease entered into in the ordinary course of business, consistent with prudent property management practices, not affecting the economic terms of the lease or otherwise required under the express terms of a lease; and any action in violation of clauses (5), (6), (7), and (8) of this Section 7.2 shall be void at the election of Administrative Agent. Any new lease to any tenant of a single Project (or a single building within a Project) which provides that such tenant will maintain property/hazard insurance shall require tenant to maintain property/hazard insurance as required by this Agreement.
Leasing Covenants. 60 6.11.4 Non-disturbance Agreements .............................60 6.11.5
Leasing Covenants. With respect to each REO Property, the Debtors shall (i) perform its obligations under the leases to which it is a party in all material respects and (ii) enforce, in accordance with commercially reasonable practices for properties similar to the applicable REO Property, the material obligations to be performed by the tenants under such leases.
Leasing Covenants. 10 5.1 Delivery - Beginning and End of Term............................10 5.2 Quiet Enjoyment.................................................10 5.3 Insurance.......................................................11 5.4 Indemnity.......................................................11 5.5 Default; Remedies...............................................11 5.6 Lockbox.........................................................11 5.7
Leasing Covenants. As to all leases and rentals, comply with each ----------------- of the following:
Leasing Covenants. Borrower (1) shall perform the obligations which Borrower is required to perform under the Leases; (2) shall enforce the obligations to be performed by the tenants; (3) intentionally omitted; (4) shall not collect any rents for more than thirty (30) days in advance of the time when the same shall become due, except for bona fide security deposits not in excess of an amount equal to two months’ rent; (5) shall not enter into any ground lease or master lease of any part of the Project; (6) shall not further assign or encumber any Lease or any rents payable thereunder; (7) shall not, except with Lender’s prior written consent, cancel or accept surrender or termination of any Lease (except for any surrender or termination entered into in the ordinary course of business, consistent with prudent property management practices); and (8) shall not, except with Lender’s prior written consent, modify or amend any Lease (except for minor modifications and amendments entered into in the ordinary course of business, consistent with prudent property management practices) and any action in violation of clauses (5), (6), (7), and (8) of this Section 7.2 shall be void at the election of Lender.
