Common use of Leasing; License Agreements Clause in Contracts

Leasing; License Agreements. Seller will not amend or terminate any existing Lease or License Agreement or enter into any new Lease or new License Agreement without (i) providing Purchaser all relevant supporting documentation, as reasonably determined by Seller, including, without limitation, tenant financial information to the extent in Seller’s possession, and (ii) obtaining Purchaser’s approval, unless the new Lease or amendment to existing Lease is for a month-to-month tenancy. Purchaser agrees to give Seller written notice of approval or disapproval of a proposed amendment or termination of a Lease or License Agreement or new Lease or new License Agreement within five (5) business days after Purchaser’s receipt of the items in (i) of this Subsection 6.1.4. If Purchaser does not respond to Seller’s request within such time period, then Purchaser will be deemed to have approved such amendment, termination or new Lease or new License Agreement. Purchaser may withhold its consent at its sole discretion, and Seller may not amend or terminate a Lease or License Agreement or enter into a new Lease or new License Agreement without Purchaser’s written consent, other than for a month-to-month tenancy.

Appears in 1 contract

Samples: Agreement of Purchase and Sale (Amerivest Properties Inc)

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Leasing; License Agreements. Seller will not amend or terminate any existing Lease or License Agreement or enter into any new Lease or new License Agreement without providing Purchaser (i) providing Purchaser all relevant supporting documentation, as reasonably determined by Seller, including, without limitation, tenant financial information to the extent in Seller’s 's possession, and (ii) obtaining Purchaser’s approval, unless the as to any such amendment or termination of a Lease or License Agreement or new Lease or new License Agreement which is to be executed after the expiration of the Inspection Period, Seller's request for Purchaser's approval. If Purchaser's consent is requested by Seller as to any amendment or termination of a Lease or License Agreement, or as to existing a new Lease is for a month-to-month tenancy. or new License Agreement, Purchaser agrees to give Seller written notice of approval or disapproval of a proposed amendment or termination of a Lease or License Agreement or new Lease or new License Agreement within five (5) business days after Purchaser’s receipt 's receipt- of the items in (i) and (ii) of this Subsection 6.1.4. If Purchaser does not respond to Seller’s 's request within such time period, then Purchaser will be deemed to have approved such amendment, termination or new Lease or new License Agreement. Purchaser's approval rights and obligations will vary depending on whether the request for approval from Seller is delivered to Purchaser may withhold its consent at its sole discretionbefore or after the expiration of the Inspection Period, and Seller may not amend or terminate a Lease or License Agreement or enter into a new Lease or new License Agreement without Purchaser’s written consent, other than for a month-to-month tenancy.as follows:

Appears in 1 contract

Samples: Agreement of Purchase and Sale (Amerivest Properties Inc)

Leasing; License Agreements. Seller will not amend or terminate any existing Lease or License Agreement or enter into any new Lease or new License Agreement without Purchaser's prior written consent thereto. In connection with Purchaser's review of any such proposed amendment, termination, new Lease or new License Agreement other than a Proposed Amendment, Seller shall provide Purchaser (ia) providing Purchaser all relevant supporting documentation, as reasonably determined by Seller, including, without limitation, tenant financial information to the extent in Seller’s possession, and (iib) obtaining as to any such amendment or termination of a Lease or License Agreement or new Lease or new License Agreement which is to be executed after the expiration of the Inspection Period, Seller’s request for Purchaser’s approval. In connection with Seller's request for Purchaser’s consent to any amendment or termination of a Lease or License Agreement, unless the or as to a new Lease or amendment to existing Lease is for a month-to-month tenancy. new License Agreement, Purchaser agrees to give Seller written notice of approval or disapproval of a proposed amendment or termination of a Lease or License Agreement or new Lease or new License Agreement within five three (53) business days after Purchaser’s receipt of the items in (ia) and (b) of this Subsection 6.1.4. If Purchaser does not respond to Seller’s request within such time period, then Purchaser will be deemed to have approved such amendment, termination or new Lease or new License Agreement. Purchaser may withhold its consent at its sole discretion, and Seller may not amend or terminate a Lease or License Agreement or enter into a new Lease or new License Agreement without Purchaser’s written consentapproval rights and obligations will vary depending on whether the request for approval from Seller is delivered to Purchaser before or after the expiration of the Inspection Period, other than for a month-to-month tenancy.as follows:

Appears in 1 contract

Samples: Agreement of Purchase and Sale (Plymouth Industrial REIT Inc.)

Leasing; License Agreements. Seller will not amend or terminate any existing Lease or License Agreement or enter into any new Lease or new License Agreement without providing Purchaser (i) providing Purchaser all relevant supporting documentation, as reasonably determined by Seller, including, without limitation, tenant financial information to the extent in Seller’s 's possession, and (ii) obtaining Purchaser’s approval, unless the as to any such amendment or termination of a Lease or License Agreement or new Lease or new License Agreement which is to be executed after the expiration of the Inspection Period, Seller's request for Purchaser's approval. If Purchaser's consent is requested by Seller as to any amendment or termination of a Lease or License Agreement, or as to existing a new Lease is for a month-to-month tenancy. or new License Agreement, Purchaser agrees to give Seller written notice of approval or disapproval of a proposed amendment or termination of a Lease or License Agreement or new Lease or new License Agreement within five (5) business days after Purchaser’s 's receipt of the items in (i) and (ii) of this Subsection 6.1.4. If Purchaser does not respond to Seller’s 's request within such time period, then Purchaser will be deemed to have approved such amendment, termination or new Lease or new License Agreement. Purchaser's approval rights and obligations will vary depending on whether the request for approval from Seller is delivered to Purchaser may withhold its consent at its sole discretionbefore or after the expiration of the Inspection Period, and Seller may not amend or terminate a Lease or License Agreement or enter into a new Lease or new License Agreement without Purchaser’s written consent, other than for a month-to-month tenancy.as follows:

Appears in 1 contract

Samples: Agreement of Purchase and Sale (Amerivest Properties Inc)

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Leasing; License Agreements. Seller will not amend or terminate any existing Lease or License Agreement or enter into any new Lease or new License Agreement without (i) providing Purchaser (a) all relevant supporting documentation, as reasonably determined by Seller, including, without limitation, tenant financial information to the extent in Seller’s possession, and (iib) obtaining as to any such amendment or termination of a Lease or License Agreement or new Lease or new License Agreement which is to be executed after the expiration of the Inspection Period, Seller’s request for Purchaser’s approval. If Purchaser’s consent is requested by Seller as to any amendment or termination of a Lease or License Agreement, unless the or as to a new Lease or amendment to existing Lease is for a month-to-month tenancy. new License Agreement, Purchaser agrees to give Seller written notice of approval or disapproval of a proposed amendment or termination of a Lease or License Agreement or new Lease or new License Agreement within five (5) business days three Business Days after Purchaser’s receipt of the items in (iSections 6.1.4(a) of this Subsection 6.1.4and 6.1.4(b). If Purchaser does not respond to Seller’s request within such time period, then Purchaser will be deemed to have approved such amendment, termination or new Lease or new License Agreement. Purchaser may withhold its consent at its sole discretion, and Seller may not amend or terminate a Lease or License Agreement or enter into a new Lease or new License Agreement without Purchaser’s written consentapproval rights and obligations will vary depending on whether the request for approval from Seller is delivered to Purchaser before or after the expiration of the Inspection Period, other than for a month-to-month tenancy.as follows:

Appears in 1 contract

Samples: Purchase and Sale Agreement (Behringer Harvard Opportunity REIT I, Inc.)

Leasing; License Agreements. No Seller will not amend or terminate any existing Lease or License Agreement pertaining to such Seller’s portion of the Property or enter into any new Lease or new License Agreement pertaining to such Seller’s portion of the Property without providing Purchaser (i) providing Purchaser all relevant supporting documentation, as reasonably determined by such Seller, including, without limitation, tenant financial information to the extent in such Seller’s possession, and (ii) obtaining Purchaser’s approval, unless the new Lease or amendment to existing Lease is for a month-to-month tenancy, such Seller’s request for Purchaser’s approval. Purchaser agrees to give such Seller written notice of approval or disapproval of a proposed amendment or termination of a Lease or License Agreement or new Lease or new License Agreement within five (5) business days after Purchaser’s receipt of the items in (i) and (ii) of this Subsection 6.1.4. If Purchaser does not respond to such Seller’s request within such time period, then Purchaser will be deemed to have approved such amendment, termination or new Lease or new License Agreement. With respect to a request for approval delivered by any Seller to Purchaser at any time following five (5) business days prior to the Effective Date, Purchaser may withhold its consent at its sole discretion, and such Seller may not amend or terminate a Lease or License Agreement pertaining to such Seller’s portion of the Property or enter into a new Lease or new License Agreement pertaining to such Seller’s portion of the Property without Purchaser’s written consent, other than for a month-to-month tenancy.

Appears in 1 contract

Samples: Agreement of Purchase and Sale (Amerivest Properties Inc)

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