Common use of Leasing Guidelines Clause in Contracts

Leasing Guidelines. Owner and Agent adopt for the Property the Leasing Guidelines set forth in the attached Exhibit A to this Addendum C. Agent shall adhere to the Leasing Guidelines but retains the right to deviate from the Leasing Guidelines as it sees fit in the exercise of its commercially reasonable discretion during each leasing process; provided that Agent shall not, without Owner’s prior, written consent, not to be unreasonably withheld, conditioned, or delayed, have such discretion with respect to any Property tenant whose lease represents more than ten percent (10%) of the Property’s rentable square footage. Owner and Agent shall annually review the Leasing Guidelines in good faith during the Term and make such revisions thereto as they agree. Agent shall have the right to review and propose additional reasonable changes to the Leasing Guidelines at other times if certain conditions exist which necessitate such changes (provided that Owner shall have the right, in its reasonable discretion, to accept or reject such proposals). ASSET AND MANAGEMENT AGREEMENT ADDENDUM C – PAGE 2 LEASING GUIDELINES Term: 5 years Base Rent: $ / RSF / NNN Annual Escalation: CPI (minimum 2%) Tenant Improvements: $ / USF for new $ / USF for renew Tenancy Conditions: Per Ground Lease Tenant Concessions (i.e., free rent, etc.): Per-Tenant basis, to be approved by Owner. ASSET AND MANAGEMENT AGREEMENT This Addendum D (this “Addendum”) is attached to and made a part of the Asset and Property Management Agreement (the “Management Agreement”).

Appears in 1 contract

Samples: Formation and Contribution Agreement (Nationwide Health Properties Inc)

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Leasing Guidelines. Owner and Agent adopt have adopted for the Property the Leasing Guidelines set forth in the attached Exhibit A to this Addendum C. Agent shall adhere to the Leasing Guidelines but retains the right to deviate from the Leasing Guidelines as it sees fit in the exercise of its commercially reasonable discretion during each leasing process; provided that Agent shall not, without Owner’s prior, written consent, not to be unreasonably withheld, conditioned, or delayed, have such discretion with respect to any Property tenant or occupant whose lease represents more than ten percent (10%) of the Property’s rentable square footage. Owner and Agent shall annually review the Leasing Guidelines in good faith during the Term and make such revisions thereto as they agree. Agent shall have the right to review and propose additional reasonable changes to the Leasing Guidelines at other times if certain conditions exist which necessitate such changes (provided that Owner shall have the right, in its reasonable discretion, to accept or reject such proposals). SHARP XXXX-XXXXXX - ASSET AND PROPERTY MANAGEMENT AGREEMENT ADDENDUM C – PAGE 2 LEASING GUIDELINES Term: 5 years Base Rent: $ / RSF / NNN Annual Escalation: CPI (minimum 2%) Tenant Improvements: $ / USF for new $ / USF for renew Tenancy Conditions: Per Ground Lease Tenant Concessions (i.e., free rent, etc.): PerSHARP XXXX-Tenant basis, to be approved by Owner. XXXXXX - ASSET AND PROPERTY MANAGEMENT AGREEMENT ASSET MANAGEMENT This Addendum D (this “Addendum”) is attached to and made a part of the Asset and Property Management Agreement (the “Management Agreement”).

Appears in 1 contract

Samples: Formation and Contribution Agreement (Nationwide Health Properties Inc)

Leasing Guidelines. Owner and Agent adopt have adopted for the Property the Leasing Guidelines set forth in the attached Exhibit A to this Addendum C. Agent shall adhere to the Leasing Guidelines but retains the right to deviate from the Leasing Guidelines as it sees fit in the exercise of its commercially reasonable discretion during each leasing process; provided that Agent shall not, without Owner’s prior, written consent, not to be unreasonably withheld, conditioned, or delayed, have such discretion with respect to any Property tenant or occupant whose lease represents more than ten percent (10%) of the Property’s rentable square footage. Owner and Agent shall annually review the Leasing Guidelines in good faith during the Term and make such revisions thereto as they agree. Agent shall have the right to review and propose additional reasonable changes to the Leasing Guidelines at other times if certain conditions exist which necessitate such changes (provided that Owner shall have the right, in its reasonable discretion, to accept or reject such proposals). < > - ASSET AND PROPERTY MANAGEMENT AGREEMENT ADDENDUM C – PAGE 2 LEASING GUIDELINES Term: 5 years Base Rent: $ / RSF / NNN Annual Escalation: CPI (minimum 2%) Tenant Improvements: $ / USF for new $ / USF for renew Tenancy Conditions: Per Ground Lease Tenant Concessions (i.e., free rent, etc.): Per-Tenant basis, to be approved by Owner. < > - ASSET AND PROPERTY MANAGEMENT AGREEMENT ASSET MANAGEMENT This Addendum D (this “Addendum”) is attached to and made a part of the Asset and Property Management Agreement (the “Management Agreement”).

Appears in 1 contract

Samples: Formation and Contribution Agreement (Nationwide Health Properties Inc)

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Leasing Guidelines. Owner and Agent adopt have adopted for the Property the Leasing Guidelines set forth in the attached Exhibit A to this Addendum C. Agent shall adhere to the Leasing Guidelines but retains the right to deviate from the Leasing Guidelines as it sees fit in the exercise of its commercially reasonable discretion during each leasing process; provided that Agent shall not, without Owner’s prior, written consent, not to be unreasonably withheld, conditioned, or delayed, have such discretion with respect to any Property tenant or occupant whose lease represents more than ten percent (10%) of the Property’s rentable square footage. Owner and Agent shall annually review the Leasing Guidelines in good faith during the Term and make such revisions thereto as they agree. Agent shall have the right to review and propose additional reasonable changes to the Leasing Guidelines at other times if certain conditions exist which necessitate such changes (provided that Owner shall have the right, in its reasonable discretion, to accept or reject such proposals). ASSET AND MANAGEMENT AGREEMENT ADDENDUM C – PAGE 2 LEASING GUIDELINES Term: 5 __________ years Base Rent: $ _____ / RSF / NNN or more Annual Escalation: CPI (minimum 2%) Tenant Improvements: $ _____ / USF for new $ _____ / USF for renew Tenancy Conditions: Per Ground Lease < delete if no Ground Lease > Tenant Concessions (i.e., free rent, etc.): Per-Tenant basis, to be approved by Owner. ASSET AND MANAGEMENT AGREEMENT This Addendum D (this “Addendum”) is attached to and made a part of the Asset and Property Management Agreement (the “Management Agreement”).

Appears in 1 contract

Samples: Formation and Contribution Agreement (Nationwide Health Properties Inc)

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